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Marcus Rate Reduction

cosh25
cosh25 Posts: 117 Forumite
Eighth Anniversary 100 Posts Name Dropper Combo Breaker
in Savings & investments
Email received to advise Marcus rate going down to 1.05% from 30th May. Noticed that its now at that rate on their website. Put this in a new thread as a lot of us have this account.
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Comments

  • deejaybee
    deejaybee Posts: 934 Forumite
    Part of the Furniture 500 Posts Name Dropper
    You beat me to it - had same email  :neutral:
  • burner01
    burner01 Posts: 38 Forumite
    10 Posts Photogenic
    Race to the bottom! Yay!
  • Sea_Shell
    Sea_Shell Posts: 10,073 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    Oh that's just made my day!!!...….NOT!!!

    I've still got the 0.15% bonus until August, but even so...
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
  • 2010
    2010 Posts: 5,510 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I guess Saga will soon follow.
  • surreysaver
    surreysaver Posts: 4,961 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Might have to open another Bank of Scotland Vantage. I've got some spare direct debits lying around! 
    I consider myself to be a male feminist. Is that allowed?
  • MDMD
    MDMD Posts: 1,578 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    edited 13 May 2020 at 8:13AM
    I wonder if they have had a sudden influx of funds in after they didn’t cut by as much as others the first time around and so they are at risk of breaching the £25bn limit when they have to ringfence the UK retail operations
  • notbritishgas
    notbritishgas Posts: 2,314 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    MDMD said:
    I wonder if they have had a sudden influx of funds in after they didn’t cut by as much as others the first time around and so they are at risk of breaching the £25bn limit when they have to ringfence the UK retail operations
    Yes they have, I opened one on Monday with £50, ready to transfer the rest of my instant access cash. Oh dear !
  • crumpet_man
    crumpet_man Posts: 770 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    surreysaver said:
    Might have to open another Bank of Scotland Vantage. I've got some spare direct debits lying around! 
    BOS and Lloyds Club have not had a reduction yet, I bet they get one after we jump ship from Marcus.


  • Malkytheheed
    Malkytheheed Posts: 662 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    Strangely I haven't had this email?
  • RG2015
    RG2015 Posts: 6,082 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    Malkytheheed said:
    Strangely I haven't had this email?
    They need to give 14 days notice so have until 16th May.
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