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Marcus new bonus rate

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  • SpanishBlue
    SpanishBlue Posts: 597 Forumite
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    Just renewed mine on Monday, so locked in for another 12 months.


    I suspect it will change again more than once in the coming year.
  • alanwsg
    alanwsg Posts: 773 Forumite
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    Marcus just got wise to us renewing the bonus rate period each time we log in...

    New bonus rate available has dropped from 0.15% to 0.1%
    If you renew, your interest rate immediately drops.
  • 18cc
    18cc Posts: 2,120 Forumite
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    Yes I suspect the drop in bonus rate is more about trying to stop people renewing every 5 minutes rather than a desire to drop the rate per se.
  • dcs34
    dcs34 Posts: 544 Forumite
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    Well the rate has dropped for new customers to 1.45% too
  • Speedbird676
    Speedbird676 Posts: 296 Forumite
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    Luckily I renewed mine on Sunday, even though it wasn't due to end until next month.
  • masonic
    masonic Posts: 23,546 Forumite
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    The reduction may have more to do with the outlook for interest rates than a handful of customers renewing too frequently. After all, they could limit the rate of renewals if that's what they really wanted.

    Renewed mine on Saturday, so I'm glad I caught the end of the 0.15% bonus.
  • typistretired
    typistretired Posts: 2,099 Forumite
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    I renewed mine to August next year thanks to original poster, otherwise would have reduced next month.
    "Look after your pennies and your pounds will look after themselves"
  • djpailo
    djpailo Posts: 550 Forumite
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    Missed it, oh well.
  • crumpetman
    crumpetman Posts: 339 Forumite
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    It's only 50p per £1000 saved so I wouldn't worry over it.
  • 1Foz
    1Foz Posts: 74 Forumite
    edited 5 September 2019 at 9:12PM
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    Weird. Had a phone call from Marcus asking if I was related to a Lord of the house by the name of Donald Michael Ellison. I've no idea who he is and when I asked about the nature of the enquiry they said it was protocol to ask about relations to peers. Pretty sure they would have worked out that I wasn't from my postcode in all honesty. And if I was a relation of his, I'd probably have a hedge fund, rather than a 1.5% account with them!
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