Disappointing change in Skipton interest rate

soulsaver

They had 0.6% triple access available when they sent out first reminders couple of weeks ago re bonus drop off. Not sure if still available.

RG2015

soulsaver said:

They had 0.6% triple access available when they sent out first reminders couple of weeks ago re bonus drop off. Not sure if still available.

This is no longer available.

Skipton_Building_Society_Representative

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. 

Hi there, our Regular Saver is available for existing customers who were members on or before the 16/08/2021 therefore you would be eligible for this account. If you have any questions, just let us know.

Gers

schiff said:

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!

Are you talking about the Online Bonus Saver Issue 7 - Annual account?

If so it was always the case that the rate would drop the bonus element after 12 months (annual) so should not have been a surprise, neither is it a consequence of their brilliant new regular saver.

Gers

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. 

Have you tried?  Seems that you should qualify!

eastmidsaver

my skipton isa is currently 0.5%,  but i haven't received any emails yet.   

schiff

ashteadgirl said:

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.

Did you not think though that a new, smaller bonus might have been offered? 

wiseonesomeofthetime

schiff said:

ashteadgirl said:

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.

Did you not think though that a new, smaller bonus might have been offered? 

To be honest . .  . Nope!

schiff

I'm keeping mine purely for the Halifax Reward for the £500+ monthly debit card payment.
Moving to Marcus as I already have an account there, emptied on their last rate reduction. I seem to remember it's better for weekend transactions as well.
For the tiny sum involved I've not considered the Leeds BS account, especially with the £1000 minimum balance.

schiff

Gers said:

schiff said:

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!

Are you talking about the Online Bonus Saver Issue 7 - Annual account?

If so it was always the case that the rate would drop the bonus element after 12 months (annual) so should not have been a surprise, neither is it a consequence of their brilliant new regular saver.

Yes, I am.

The change was not a surprise as I have been expecting some news about 15/9. I did though hope that something more than the 0.15% we are left with might be offered. 
Whether you call it a consequence or some other appellation, it's hard to get away from the link between the two events. 
It's as if the RS for its customers is some form of compensation for the end of the 0.65%.