Disappointing change in Skipton interest rate

mustardtree6

Gers said:

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!

Must put on my glasses.  I thought it read 16/8/2020...lol.  Thanks for pointing it out.  It worked BTW.

where_are_we

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!

My email 28/8 quotes last day for Skipton OBS 7A interest rate of .65% is 20/9/21. Reduction to .15% from 21/9/21 onwards. Is the date for removal of the bonus rate the same for everyone or dependent on date of opening of account?

RG2015

where_are_we 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!

My email 28/8 quotes last day for Skipton OBS 7A interest rate of .65% is 20/9/21. Reduction to .15% from 21/9/21 onwards. Is the date for removal of the bonus rate the same for everyone or dependent on date of opening of account?

The bonus was for 12 months from opening so everyone will be different. However the account was only available for a few days from 15th Sept 2020. Sounds like you were one of the last to open one.

where_are_we

Like Schiff we use the Skipton OBS 7A for the £5 Halifax Reward Current Account £500 monthly DD. We will keep the minimum £1? in it to keep on using this facility and remove the £500 immediately to nominated current account and then on to Tandem (our replacement for Skipton OBS 7A)

colsten

where_are_we said:

Like Schiff we use the Skipton OBS 7A for the £5 Halifax Reward Current Account £500 monthly DD. We will keep the minimum £1? in it to keep on using this facility and remove the £500 immediately to nominated current account and then on to Tandem (our replacement for Skipton OBS 7A)

In similar circumstances, KRBS decided to stop accepting online deposits by debit card. 

wiseonesomeofthetime

I use Skipton for my Halifax Rewards, however, unlike last two posters, I intend to leave mine in Skipton (at 0.15%) instead of juggling it around with Tandem for the sake of an extra 20p pm interest (at current rates).

longhill

I also use Skipton for my Halifax rewards but I will transfer some of it in their regular saver 

where_are_we

wiseonesomeofthetime said:

I use Skipton for my Halifax Rewards, however, unlike last two posters, I intend to leave mine in Skipton (at 0.15%) instead of juggling it around with Tandem for the sake of an extra 20p pm interest (at current rates).

I disagree. We have 4 Halifax rewards = £500 x 4 = £2000. Tandem pays .65% (.5% more than Skipton). £2000 @.5% = £10 extra interest per year if not left in Skipton (at current rates). It takes just a couple of minutes to "juggle" the £2000 from Skipton to current account then on to Tandem. Plus repeat this gain each month.

wiseonesomeofthetime

With 4 accounts, you are entitled to disagree @where_are_we

Enjoy your extra tenner