EXPIRED: Gatehouse Bank/Raisin UK offering 2% AER on 12 month fixed term accounts plus £50 bonus

DennisTenus

Sea_Shell wrote: »

Institutions really should know by now, that if they launch a good deal, word will spread like wildfire and become unsustainable pretty quickly ie customers doing just the minimum to comply.

Do you think thats what happened then?

bxboards

I'm surprised the £50 bonus lasted as long as it did too be honest.

The new one I can't see there being much demand - if you have 10k to invest, a 20 quid bonus is neither here or there.

masonic

I'm sure it was the plan all along to slash the bonus once they reached a critical mass. The fact it was available for so long suggests they pitched it about right.

eskbanker

DennisTenus wrote: »

Sea_Shell wrote: »

Institutions really should know by now, that if they launch a good deal, word will spread like wildfire and become unsustainable pretty quickly ie customers doing just the minimum to comply.

Do you think thats what happened then?

The bonus was prominently featured in this week's MSE email, so even a tiny fraction of the 12m recipients deciding to act on that would make a substantial difference to volumes, which probably also explains the technical issues reported on here since then....

chris024

Damn, I opened up two of these on behalf of family members yesterday but haven't funded them yet.

Was planning to fund tomorrow.

topgun06

Gaaaa, how annoying. I was going to sign up whilst at work but I didn't know my National Insurance number. Missed it now!

KingL

eskbanker wrote: »

The bonus was prominently featured in this week's MSE email, so even a tiny fraction of the 12m recipients deciding to act on that would make a substantial difference to volumes, which probably also explains the technical issues reported on here since then....

yep, they were double-bluffing Martin's advice to open one, but not fund it until after the interest rates statement......

sheffieldeagle

This is what the e-mail said I received yesterday:


If you applied for a first savings product from the Raisin UK savings marketplace before 5 pm today, don't worry, you can still claim your £50 launch bonus. All you need to do is fund your fixed term deposit as described in the product summary and send your claim within 30 calendar days of funding your savings product.

sleeponit

sheffieldeagle wrote: »

This is what the e-mail said I received yesterday:


If you applied for a first savings product from the Raisin UK savings marketplace before 5 pm today, don't worry, you can still claim your £50 launch bonus. All you need to do is fund your fixed term deposit as described in the product summary and send your claim within 30 calendar days of funding your savings product.

Did you contact them to specifically ask this? I also joined yesterday at midday and not yet funded it. My welcome e-mail made no mention of the £50.

Steve_xx

sleeponit wrote: »

Did you contact them to specifically ask this? I also joined yesterday at midday and not yet funded it. My welcome e-mail made no mention of the £50.

The "Welcome email" never did make mention of the £50 bonus offer.