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Coventry Poppy dropping interest rates by over half...

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Stubod
Stubod Posts: 2,578 Forumite
Part of the Furniture 1,000 Posts Name Dropper
edited 23 April 2020 at 1:52PM in Savings & investments
Just had an e-mail saying Poppy account rates dropping (significantly), from 1.2% to 0.55% as from next month...oh dear were to go now?
(I have already opened a Marcus as a new home for some Santander funds...but may also now open an NSI "income" account as well, particularly if they are maintaining their rates for a bit)
.."It's everybody's fault but mine...."

Comments

  • cloud_dog
    cloud_dog Posts: 6,323 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    In their defence they are being quite consistent in their rate reductions and not reducing excessively.  The BoE reduction is 0.65 in total and this is what Coventry are passing on.
    Personal Responsibility - Sad but True :D

    Sometimes.... I am like a dog with a bone
  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    RCI was still offering 1.2% this morning. Variable rate though
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