Bank of Scotland to cut rate on top-paying current account

eskbanker

Deleted_User wrote: »

Can't see an upper limit

https://www.atombank.co.uk/fixed-saver says

Open with just £50 and save up to £100,000 across all savings products

badger09

Oh well, the BoS rate was good while it lasted.

Katiehound

Well. we knew it would come to this........ shame 'though!
That's the whole Lloyds stable taken a dive!

teddysmum

I was talking to a Cs person for Premium Bonds, yesterday , and he said that they are having huge sales, with many people commenting that they prefer the risk to getting the pathetic rates being offered elsewhere.

Herbalus

*moves all money to the place MSE will least likely put in their weekly email next*

badger09

Herbalus wrote: »

*moves all money to the place MSE will least likely put in their weekly email next*

I could make room under my mattress:p

Zanderman

badger09 wrote: »

I could make room under my mattress:p

Can you offer more interest than my mattress? Mine is very interesting.

[Deleted User]

When this change occurs I shall move accounts. Like I said previously, ATOM will pay me 2% (more if I commit to a longer term) without the hassle of a minimum pay in and direct debits. There may even be a better product in June though I wont hold my breath. Yes, it wont make a great deal of difference cash wise but these companies need to see a reaction when they make decisions such as this. We all leave our money there and they're going to wonder why they never lowered the rate before!

Personally, I'm going to be happy to get off the Standing Order, direct debit Ferris wheel, my heads spinning with all the two's and fro's from account to account and back.

eskbanker

Deleted_User wrote: »

When this change occurs I shall move accounts. Like I said previously, ATOM will pay me 2% (more if I commit to a longer term) without the hassle of a minimum pay in and direct debits. There may even be a better product in June though I wont hold my breath. Yes, it wont make a great deal of difference cash wise but these companies need to see a reaction when they make decisions such as this. We all leave our money there and they're going to wonder why they never lowered the rate before!

Personally, I'm going to be happy to get off the Standing Order, direct debit Ferris wheel, my heads spinning with all the two's and fro's from account to account and back.

To be fair you're not comparing like with like! BoS are marketing a current account and won't be distressed to lose fickle customers who've been (ab)using it solely for savings, whereas Atom's fixed-rate fixed-term limited access account is clearly a savings product intended for a different clientele.

[Deleted User]

Fair enough, you're right but why do you think 60,000 people applied for a Tesco Current Account in four days? You give somebody loyalty in this world you get shafted, the only way anybody can get noticed is to take action.