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Another reduction in rate of BLME 90 day notice account
mr_accountant
Posts: 815 Forumite
Yet more grim news (if not unexpected), maybe premium bonds worth a go?
We are writing to advise that we will be reducing your Notice Account expected profit rate as below:
Current expected profit rate | : | 0.90% Gross / 0.90% AER |
Effective date of change | : | 19/04/2021 |
New expected profit rate | : | 0.50% Gross / 0.50% AER |
All profit calculations on and after 19/04/2021 will reflect this reduction until further notice.
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Comments
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Yep, disappointing news today.
Hmmm, keep at new rate or withdraw and fix at probably 0.65% (1 year), grim times indeed!0 -
Marcus paying 0.5% (at the moment) for a very slick instant access account.
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Yeah I have Marcus although not much in the account at the moment but I don't need access to the money in the BLME account at present so for me there's no point faffing around transferring chunks of money for the same interest rate currently but it might be worth it for the additional 0.15% and a fixed rate..
Slim pickings!0
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