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Shawbrook EA rate reduction.... 1.35 to 0.75%
soulsaver
Posts: 6,746 Forumite
Email tonight...
" We are writing to let you know that we will be decreasing the interest rate on your Easy Access savings product. The interest rate on your account will change from 1.35% Gross/AER (variable) to 0.75% Gross/AER (variable) on 20/07/2020. Please note, if your balance goes below £1,000, the rate will be 0.05% Gross/AER (variable)."
1
Comments
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Marvellous! I just transferred some money to them to dodge a reduction elsewhere and now will have to move it back tomorrow as it will be better off where it was! This is fun...:) If it keeps up like this 'The Shoe Box Under the Bed Building Society' will be the best bet!
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You missed the paragraph before..."From time to time, we move our interest rates to reflect the savings market while ensuring we remain consistently competitive for our customers."consistently competitive...!0
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No doubt my 1.18% cash isa will soon go to 0.50% that's all they are offering new customers. Already switched 3 times in last 2 months.0
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