Disappointing change in Skipton interest rate

schiff

Down to 0.15% from 15 September. I was hoping for 0.50% or 0.45%. That's the consequence of the brilliant new regular saver!

kaMelo

This is not new, it was dropped months ago, March I think. The bonus rate of 0.5% guaranteed for twelve months is what's dropping off, causing the rate to drop to 0.15%

SeriousHoax

I got an email yesterday telling me that the interest rate was a dropping.

milton1970

Where are all the funds heading to now .. ?

Any ideas ? Marcus ?

wiseonesomeofthetime

Tandem at 0.65% variable 

Or perhaps Marcus or Tesco @0.50%, for those who don't like Open Banking. 

bristolleedsfan

Leeds BS just increased rate to 0.55% https://www.leedsbuildingsociety.co.uk/savings/access-accounts/limited-issue-online-access-account/

ashteadgirl

kaMelo said:

This is not new, it was dropped months ago, March I think. The bonus rate of 0.5% guaranteed for twelve months is what's dropping off, causing the rate to drop to 0.15%

That is absolutely correct. Always knew we would lose the 0.5% bonus 12 months after opening.

Stompa

Or Cynergy at 0.6%.

SeriousHoax

Stompa said:

Or Cynergy at 0.6%.

I've been with Cynergy in the past & had no problems with them.😉

mustardtree6

Disappointing indeed.  I can't even open the 3.5% Skipton regular saver because I was not a member until 15/9/20. 

RG2015

mustardtree6 said:

Disappointing indeed.  I can't even open the 3.5% Skipton regular saver because I was not a member until 15/9/20. 

You need to have been a member on or before 16/08/2021

https://www.skipton.co.uk/savings/regular-savers/online-existing-member-saver