Beehive Rate Reduction

Wheres_My_Cashback

For those that have this account...

Important information: Rate reduction to your eSaver Instant Issue 9 account

We regularly review our savings interest rates, alongside the rates offered by other savings providers and what is happening in the wider market. Sometimes this means having to make the difficult decision to reduce interest rates.

As a result of our latest review, the interest rate payable on your account will change on 7th October 2019.

Your new interest rate will be 1.45% gross p.a./AER.* reduced from 1.55%

A timely reduction as Al Rayan now open.

londoninvestor

Ah well - that was a good 10ish months of 1.55%!

I did think when I saw the dreaded email header "We have sent you a secure message" that there was only one thing it could be...

soulsaver

And console (y)ourselves with the fact that 1.45% is pretty good, and isn't available to new customers; afaics on their webby best is 0.65 atm.

londoninvestor

soulsaver wrote: »

And console (y)ourselves with the fact that 1.45% is pretty good, and isn't available to new customers; afaics on their webby best is 0.65 atm.

Yes, I was expecting a bigger cut tbh as I opened the message!

skitskut

And another one!

As a result of our latest review, the interest rate payable on your account will change on 21st November 2019.

Your new interest rate will be 1.00% gross p.a./AER.* reduced from 1.45%

Looks like Marcus will be getting another customer!

soulsaver

Yep posted on the banks board... clearly not just me, then.

soulsaver wrote: »

Just got this secure message.

It's a bit unclear if this is applied to everyone on this account or me 'cos I've had 12 months on the higher rate, but it'll be on its way....either way.


"Savings Account

Subject
Important information: Rate reduction to your eSaver Instant Issue 9 account
Body
We regularly review our savings interest rates, alongside the rates offered by other savings providers and what is happening in the wider market. Sometimes this means having to make the difficult decision to reduce interest rates.

As a result of our latest review, the interest rate payable on your account will change on 21st November 2019.

Your new interest rate will be 1.00% gross p.a./AER*."