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Marcus Rate Down to 0.40%
Comments
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Chip+ 1.25% have raised the limit on which the bonus is payable, now £10000 up from £5000, might be worth a look for some?0
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Kudos to Marcus for having "Your interest rate is going down" as the subject of the email instead of the usual disingenuous "Important information about your interest rate" or "Your interest rate is changing" that most other providers usually go with.
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Just emptied my account and put in club Lloyds account.
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While the MSE page is now listing UBL's account at 0.45%, but only allowing 1 withdrawal per month, as the best 'instant' account, with Marcus now listed next at 0.4%, Cynergy is still offering an unlimited withdrawal account at 0.45% (and apparently open to new customers - their cash ISA at 0.5% is noted as only for existing customers, but they don't put such a qualification on the 0.45% account).
https://www.cynergybank.co.uk/personal-savings/online-easy-access-account/online-easy-access-account-issue-36/
Oh well, that was quick - this afternoon, Issue 36 became Issue 37, with 0.40% interest. C'est la vie.0 -
Next year's ISA will NOT be cash based! To think I consider myself lucky to have got one at 1.51% with OakNorth with a year left to run. That's how far my expectations have been managed.
I think that now is the time to put any spare cash to work - have got lots of home and garden improvements planned for this year!0 -
ratechaser said:I think that now is the time to put any spare cash to work - have got lots of home and garden improvements planned for this year!3
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Debating what to do now, I've got £26,000 in Marcus
I've just opened the Coventry regular saver (1.05%) so could drip feed £500 a month into that, that will get rid of £6k over 12 months.
Maybe keep £10k in Marcus as my emergency fund (unless anything else pays more than 0.40%?)
That leaves £10k to go in my S&S ISA perhaps
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chelseablue said:Debating what to do now, I've got £26,000 in Marcus
I've just opened the Coventry regular saver (1.05%) so could drip feed £500 a month into that, that will get rid of £6k over 12 months.
Maybe keep £10k in Marcus as my emergency fund (unless anything else pays more than 0.40%?)
That leaves £10k to go in my S&S ISA perhapsRemember the saying: if it looks too good to be true it almost certainly is.0 -
jimjames said:chelseablue said:Debating what to do now, I've got £26,000 in Marcus
I've just opened the Coventry regular saver (1.05%) so could drip feed £500 a month into that, that will get rid of £6k over 12 months.
Maybe keep £10k in Marcus as my emergency fund (unless anything else pays more than 0.40%?)
That leaves £10k to go in my S&S ISA perhaps
Halifax and Nationwide Flex Direct
Apart from Marcus and Coventry the other savings account I have is a Nationwide Loyalty Saver 15yr Issue 8 (don't use any more as the interest rate dropped to 0.25% so need to close it really)1 -
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