The Top Easy Access Savings Discussion Area

wiseonesomeofthetime

Agreed. I've not tried the new feature because my money is elsewhere, earning 0.20% to 0.23% more.

Pence, I know, but extra in my pocket, eventually 😊

wiseonesomeofthetime

Gatehouse Easy Access dropping 18 Jan 2024
From 5.23% gross to 5.06% gross
Source: email this morning 

infoadict

GATEHOUSE TO REDUCE THEIR EXPECTED PROFIT RATE

We want to notify you that the expected profit rate on your Gatehouse Bank EASY ACCESS is changing as follows on 18 January 2024:

Current rate	New lower rate
5.23% Gross	5.06% Gross

Bigwheels1111

Gatehouse Bank email today.
We want to notify you that the expected profit rate on your Gatehouse Bank EASY ACCESS is changing as follows on 18 January 2024:

Current rate	New lower rate
5.11% Gross	4.95% Gross

flaneurs_lobster

infoadict said:

We want to notify you that the expected profit rate on your Gatehouse Bank EASY ACCESS is changing as follows on 18 January 2024:

Current rate	New lower rate
5.23% Gross	5.06% Gross

Bigwheels1111 said:

We want to notify you that the expected profit rate on your Gatehouse Bank EASY ACCESS is changing as follows on 18 January 2024:

Current rate	New lower rate
5.11% Gross	4.95% Gross

Er....are they different issues or summat?

RosieRooBear

@flaneurs_lobster, one is the yearly interest rate and one is the monthly interest rate. I had the same email as @Bigwheels1111 for the monthly interest rate reduction.

Bigwheels1111

flaneurs_lobster said:

infoadict said:

We want to notify you that the expected profit rate on your Gatehouse Bank EASY ACCESS is changing as follows on 18 January 2024:

Current rate	New lower rate
5.23% Gross	5.06% Gross

Bigwheels1111 said:

We want to notify you that the expected profit rate on your Gatehouse Bank EASY ACCESS is changing as follows on 18 January 2024:

Current rate	New lower rate
5.11% Gross	4.95% Gross

Er....are they different issues or summat?

I think mine is paid monthly, is your annually.

infoadict

Yes - mine is annual Interest

Section62

janusdesign said:

Re: Ford Money Flexible Saver... just received an email from them that for those already with the account, the rate will drop to 4.85% AER / 4.75% monthly) on 17th January 2024 - in other words, that's the 30-day interest rate decrease notice that will bring the account into line with the current rate new applicants receive today.

I'm now getting a second round of emails for each Ford Money account saying the effective date of the drop is January 18th... no reason given for the two different dates.

flaneurs_lobster

RosieRooBear said:

@flaneurs_lobster, one is the yearly interest rate and one is the monthly interest rate. I had the same email as @Bigwheels1111 for the monthly interest rate reduction.

Ah, of course. Thank you.