Notice Accounts

mebu60

slinger2 said:

mebu60 said:

slinger2 said:

Just received an email from DF Capital that they're reducing the interest rate on their existing 90 day account from 5.30% AER to 5.11% AER as from 23 February 2025 (roughly the 104 days notice expected)

As I write they're offering the 5.11% account for new customers. Presumably the rate has been selected to just pip the 5.10% from Vanquis. Investec will be down to 5.05% for existing customers in the new year.

Likely 5.11% will be about the best notice account next February.

Charter 95 Day Issue 63 reduces from 5.0% to 4.7% on 03:03:25 (if that's not already been mentioned). 

Charter seem to be one of those providers that use the "issue" system to maintain a multitude of different rates for exactly the same product. I see they're currently offering 4.96% (issue 68) on this product.

Thanks for the prod @slinger2

mebu60

slinger2 said:

mebu60 said:

slinger2 said:

Just received an email from DF Capital that they're reducing the interest rate on their existing 90 day account from 5.30% AER to 5.11% AER as from 23 February 2025 (roughly the 104 days notice expected)

As I write they're offering the 5.11% account for new customers. Presumably the rate has been selected to just pip the 5.10% from Vanquis. Investec will be down to 5.05% for existing customers in the new year.

Likely 5.11% will be about the best notice account next February.

Charter 95 Day Issue 63 reduces from 5.0% to 4.7% on 03:03:25 (if that's not already been mentioned). 

Charter seem to be one of those providers that use the "issue" system to maintain a multitude of different rates for exactly the same product. I see they're currently offering 4.96% (issue 68) on this product.

And 5.06% on 60 Day Issue 33! Which I've now opened. Will divert £5k from Skipton BRT moving to Principality TA 4.7% from 5/12 to meet minimum deposit requirement then work out when to give notice on Charter 95 Day Issue 63. Anyone already counted back from 03:03:25? I will be a smidge over FSCS for the duration. 

flobbalobbalob

mebu60  Anyone already counted back from 03:03:25? I will be a smidge over FSCS for the duration. 

Any smart speaker can do that for you !

slinger2

Investec 90 day now 4.84% AER for new customers.

I'm getting 5.25% at the moment, reducing to 5.05% on 7 Jan 2025. No notification yet of a further reduction, but can only be a matter of time, I suppose.

Plenty of better rates available, eg DF Capital and Vanquis.

I think you can go below £5k on the Investec account, you just don't get any interest.

poseidon1

slinger2 said:

Investec 90 day now 4.84% AER for new customers.

I'm getting 5.25% at the moment, reducing to 5.05% on 7 Jan 2025. No notification yet of a further reduction, but can only be a matter of time, I suppose.

Plenty of better rates available, eg DF Capital and Vanquis.

I think you can go below £5k on the Investec account, you just don't get any interest.

I am on 5.13% with them but also expecting an imminent reduction.

poseidon1

poseidon1 said:

slinger2 said:

Investec 90 day now 4.84% AER for new customers.

I'm getting 5.25% at the moment, reducing to 5.05% on 7 Jan 2025. No notification yet of a further reduction, but can only be a matter of time, I suppose.

Plenty of better rates available, eg DF Capital and Vanquis.

I think you can go below £5k on the Investec account, you just don't get any interest.

I am on 5.13% with them but also expecting an imminent reduction.

Amendment, just checked an old email,  as you indicated the 5.13% interest rate locked until 6 January 2025, thereafter moves down to 4.94% - I am on monthly interest payout hence slight difference in our respective rates

BreakingGlass

poseidon1 said:

poseidon1 said:

slinger2 said:

Investec 90 day now 4.84% AER for new customers.

I'm getting 5.25% at the moment, reducing to 5.05% on 7 Jan 2025. No notification yet of a further reduction, but can only be a matter of time, I suppose.

Plenty of better rates available, eg DF Capital and Vanquis.

I think you can go below £5k on the Investec account, you just don't get any interest.

I am on 5.13% with them but also expecting an imminent reduction.

Amendment, just checked an old email,  as you indicated the 5.13% interest rate locked until 6 January 2025, thereafter moves down to 4.94% - I am on monthly interest payout hence slight difference in our respective rates

Just had email to say that from 26 Feb 25, Investec 90 Issue 1 down to 4.74% gross p.a / 4.84% AER

EDIT:  I am on monthly interest.

slinger2

BreakingGlass said:

poseidon1 said:

poseidon1 said:

slinger2 said:

Investec 90 day now 4.84% AER for new customers.

I'm getting 5.25% at the moment, reducing to 5.05% on 7 Jan 2025. No notification yet of a further reduction, but can only be a matter of time, I suppose.

Plenty of better rates available, eg DF Capital and Vanquis.

I think you can go below £5k on the Investec account, you just don't get any interest.

I am on 5.13% with them but also expecting an imminent reduction.

Amendment, just checked an old email,  as you indicated the 5.13% interest rate locked until 6 January 2025, thereafter moves down to 4.94% - I am on monthly interest payout hence slight difference in our respective rates

Just had email to say that from 26 Feb 25, Investec 90 Issue 1 down to 4.74% gross p.a / 4.84% AER

EDIT:  I am on monthly interest.

Me too. I've already put in a request to reduce to £1, thinking I should be able to do better than that next Feb. Of course, with rates falling there's no guarantee of that.

slinger2

Vanquis 90-day account down from 5.10% AER to 5.0% for new customers. Their other notice accounts rates may have changed too, not sure.

jimexbox

slinger2 said:

Vanquis 90-day account down from 5.10% AER to 5.0% for new customers. Their other notice accounts rates may have changed too, not sure.

I open one yesterday, waiting for a letter. Very antiquated. Let's hope they honour the original rate.