Charter Savings 95 day Notice Account rate drop

Shedman

And another one bites the dust...   taken them a little while but just had email to say our Charter Savings Bank 95 Notice account is dropping form 1.88% to 1.24%     At least that doesn't kick in unti 31 Aug. 
Now just waiting for Cynergy Bank to drop the 1.5% Easy Access down to 1% or below and that'll be all our decent non RS and ISA accounts gone west.    

Bobblehat

You can add another email today saying CSB's Easy Access Issue 10 down from 1.39% to 0.76% on 28th May. Brownie points for holding on longer than most banks …. but a kick in the noodles for me with hefty drops on both of my EA and 95Day!

My CSB 1 Year Fixed 1.99% ends on 6th Aug ….. so I am triple gutted …. where to shift those funds  

The EA is currently my drip feed account (via linked account) for several RS's due to it's convenient automated monthly withdrawal facility (like a slow SO), and what was a half decent EA interest rate … but only the SO-like facility will be attractive after 28th May. I will have to see if there is any advantage in shifting the drip feed to a CA elsewhere with conventional SO's and a little interest on the monthly balance (Lloyds?) … can't think of much else as Nationwide is out for me and TSB seems like peanuts at less than £2pm in 2 days time!

CSB … you were good while it lasted!

soulsaver

Shedman said:

And another one bites the dust...   taken them a little while but just had email to say our Charter Savings Bank 95 Notice account is dropping form 1.88% to 1.24%     At least that doesn't kick in unti 31 Aug. 
Now just waiting for Cynergy Bank to drop the 1.5% Easy Access down to 1% or below and that'll be all our decent non RS and ISA accounts gone west.    

Cynergy's 1.5% easy access ac available last July?  1.5% includes a 12 month 0.5% bonus... logically due to expire at anniversary.

2010

At least CSB the cut by the same amount as the BoE and have give FOUR months notice on the 1.9% 95 day account.
Their cuts are only to be expected as things are now.
Even the 95 day at 1.25% is probably the best you`ll get by August.
Shawbrook have a 120 day at 1.45%, 45 day at 1.30% available at the moment.
Marcus EA at 1.2%, 1yr fix at 1.45% and that`s about it.

soulsaver

CSB were top 95 day notice ac with Investec at 1.85 late last year... but they (Investec) cut to 1.6% announced Dec/Jan effective March...so, yep, fair play to CSB - 5 months more.

Bobblehat

2010 said:

…...
Even the 95 day at 1.25% is probably the best you`ll get by August.
…..

I was thinking that myself!

Shedman

soulsaver said:

Shedman said:

And another one bites the dust...   taken them a little while but just had email to say our Charter Savings Bank 95 Notice account is dropping form 1.88% to 1.24%     At least that doesn't kick in unti 31 Aug. 
Now just waiting for Cynergy Bank to drop the 1.5% Easy Access down to 1% or below and that'll be all our decent non RS and ISA accounts gone west.    

Cynergy's 1.5% easy access ac available last July?  1.5% includes a 12 month 0.5% bonus... logically due to expire at anniversary.

My Cynergy EA bonus was 0.75% (so 0.75% + 0.75%) which ends in late July..obviously bonus rate will stay till then but can't see them leaving the 0.75% basic rate the same through till then as well (but you never know).