AL RAYAN Everyday Saver Rate Reduction

Wheres_My_Cashback

For those with one of these accounts (no longer available) it's finally come, but not as bad as it could have been. Still beats all instant access accounts available and many of the newer RS accounts.

We are reducing the expected profit rate on our Everyday Saver (Issue 1) We regularly review the expected profit rates offered on our savings accounts. Following a review of the Everyday Saver (Issue 1), we’d like to let you know about a change that we’re making.  The change is shown below Everyday Saver (Issue 1) Current expected profit rate New expected profit rate Change 1.15% gross p.a. 1.02% gross p.a. -0.13% In accordance with the terms and conditions of this account, we are providing 60 days’ advance notice of the change, so that you have enough time to think about what’s right for you and your money. Therefore, the change will take effect from 22 February 2021.

masonic

Surprised it still beats issue 2 by quite some margin!

colsten

It's a keeper.

soulsaver

Weirdly it isn't offered as an option in the maturity notification on their FTB... but a phone call set it up for transfer at maturity, Jan 4 for me.