Fresh blow to savers as interest slashed on Marcus and Saga top easy-access accounts – MSE News

colsten

molerat said:

I wonder how many other banks will be changing their T&Cs to only 14 days notice, one to watch out for !

14 days seems to be all they are required to comply with. https://www.handbook.fca.org.uk/handbook/BCOBS/4.pdf

kinofi

cloud_dog said:

Are MSE headline posts being written by ex-Daily Wail writers?

MSE does seem the preferred home of many an ex-Daily Fail reporter, but in this case it appears to be authored by an ex Cambridge law student.

Apparently, someone who was commended in his technical proficiency in filling out online forms, when formally working as a paralegal.

Yellowvest23

AnotherJoe said:

RG2015 said:

ColdIron said:

Slashed? It's a reduction of five one hundredths of one percent. That's a fiver per £10,000 per year or two coffees

1.35% minus 1.30% is indeed a reduction of 0.05%. However 0.05 divided by 1.35 is 3.70%.

Hence this reduction is simultaneously a reduction of 0.05% and 3.70% 

So reduced by 3.75% then? So now is negative 2.4%? Yikes !

not yet but heading there.

Everyone should just withdraw everything and make a run on them,see how their millionaire directors respond. 

phillw

Yellowvest23 said:

Everyone should just withdraw everything and make a run on them,see how their millionaire directors respond. 

The millionaire directors will be fine, it's society that would suffer.

RG2015

Consumerist said:

Pendant alert....
Unfortunately no, tis either.... the 1.35% rate has been reduced by 0.05 or it has been reduced by 3.7%
(((sorry, couldn't stop myself)))

Shouldn't that have been "PEDANT alert..." ?

Here's another one:

... the 1.35% rate has been reduced by 0.05 percentage points. . . 

Give the man a medallion.

And in the City it would be a reduction of 5 bps (basis points).

veryintrigued

kinofi said:

cloud_dog said:

Are MSE headline posts being written by ex-Daily Wail writers?

MSE does seem the preferred home of many an ex-Daily Fail reporter, but in this case it appears to be authored by an ex Cambridge law student.

Apparently, someone who was commended in his technical proficiency in filling out online forms, when formally working as a paralegal.

What's with the personal vendetta?

The more I read on here the nastier the comments.

People seem to believe they can say anything so long as they end their message with an emoji.

cloud_dog

ColdIron said:

Consumerist said:

Pendant alert....
Unfortunately no, tis either.... the 1.35% rate has been reduced by 0.05 or it has been reduced by 3.7%
(((sorry, couldn't stop myself)))

Shouldn't that have been "PEDANT alert..." ?

I was going to comment but thought I'd hang on ...

One typo.... and it's like a noose around my neck