Notice Accounts

ToastLady

Email from Charter today The interest rate on your savings account is changing. We’re writing to let you know that the interest rate payable to your 60 Day Notice Issue 33, is reducing. From 20th June 2025 the interest rate on your account will be

Previous rate New rate Gross* 4.81% / AER** 4.81% Gross* 4.56% / AER** 4.56%

Patr100

I don't have anything left in  Zopa now but just for info, they really aren't very competitive these days:   We’re getting in touch to let you know that we’re lowering some of the interest rates available in the Smart Savings Hub following the reduction in the Bank of England base rate from 4.50% to 4.25%.   Here’s a breakdown of the changes:

Boosted pots

As Boosted pot rates are tied to the Bank of England base rate, we’ve reduced the interest rates we offer on these pots by the same amount that the base rate was reduced by (0.25%).

• 7-day Boosted pots: as this rate is set at 0.67% below the Bank of England base rate, your interest rate has decreased from 3.83% AER* (3.76% gross**) variable to 3.58% AER* (3.52% gross**) variable.  • 31-day Boosted pots: as this rate is set at 0.55% below the Bank of England base rate, your interest rate has decreased from 3.95% AER* (3.88% gross**) variable to 3.70% AER* (3.63% gross**) variable. • 95-day Boosted pots: as this rate is set at 0.30% below the Bank of England base rate, your interest rate has decreased from 4.20% AER (4.12% gross**) variable to 3.95% AER* (3.88% gross**) variable. And just because they can, they're....

Access pots

Access pot rates aren’t tied to the Bank of England base rate. But, following a recent review of the savings market, we’re lowering the interest rates we offer on these pots.

• Access pots: on 23rd May 2025, the interest rate will decrease from 3.75% AER* (3.68% gross**) variable to 3.50% AER* (3.44% gross**) variable.  • Access ISA pots: on 23rd May 2025, the interest rate will decrease from 4.00% AER* (3.90% gross**) variable to 3.75% AER* (3.68% gross**) variable.

Rheumatoid

DF 120 Day plummeting:

We’re writing to let you know that the interest rate on your 120 Day Notice Account will be reducing following a recent change to the Bank of England base rate.   This is a variable rate savings account, which means we regularly review and adjust interest rates in line with market conditions. As a result, two reductions will be applied to your account over the coming months: The first change, previously communicated to you on 10 April 2025, will take effect on 22 August 2025. The second change, which we’re notifying you of today, will take effect on 24 September 2025. This reflects the required 120 days’ notice period, plus an additional 14 days to give you time to consider your options.   What’s changing and when

SnowMan

Quite a big cut on the DF 120 day. Was looking at swap data. You can see that at the point the reduction to 3.9%pa kicks in in September, then the OIS instantaneous rate (which is a proxy to what base rate might be on that specific date) is about 3.95%pa and expected to fall. So the big reduction probably reflects that 4.7%pa is a good rate (compared to easy access savings rates after the recent 0.25%pa cut in base rate gets implemented) and that base rate is likely to have dropped another 0.25%pa in the next 4 months.

The great thing about these DF accounts (and some other notice accounts depending on the terms) is that they give you an option against savings rates falling faster than expected. You can put in notices now-ish and either cancel them later (you have to secure message them although I've never tried that) or give notice to withdraw and later redeposit.

I'm waiting on the DF 90 day notification of a reduction, which I think must be coming.

Born2Save_3

SnowMan said:

Quite a big cut on the DF 120 day. Was looking at swap data. You can see that at the point the reduction to 3.9%pa kicks in in September, then the OIS instantaneous rate (which is a proxy to what base rate might be on that specific date) is about 3.95%pa and expected to fall. So the big reduction probably reflects that 4.7%pa is a good rate (compared to easy access savings rates after the recent 0.25%pa cut in base rate gets implemented) and that base rate is likely to have dropped another 0.25%pa in the next 4 months.

The great thing about these DF accounts (and some other notice accounts depending on the terms) is that they give you an option against savings rates falling faster than expected. You can put in notices now-ish and either cancel them later (you have to secure message them although I've never tried that) or give notice to withdraw and later redeposit.

I'm waiting on the DF 90 day notification of a reduction, which I think must be coming.

Thank you Snowman for this and the link to the BoE data.  It is very interesting. I looked at the BoE website but didn't see the graph you used here.  Is there a way to produce the graph you have on the BoE website or did you use their data in your own application (Spreadsheet etc) ?

I have found DFCapital to be extremely good with modifying withdrawal notices.  Provided you have one or several notices setup, you can request to have them on a specific later date or reduce the amount.  You can as DFCapital describe be overdrawn, i.e. have total withdrawal notice amount greater then the amount currently held in the account.  Their system isn't strict on this, but you will eventually receive a message, however DFcapital do not alter or remove withdrawal notices without your involvement. I have yet to try splitting a notice, i.e. reducing the existing amount down but then having the amount reduced as a separate notice withdrawn at a later date.

With Vanquis, my experience has not been so good.  I wanted to put a withdrawal back by a month and whilst this was agreed on the phone, the person I spoke to claimed to not have authorisation to do that, but agreed to do it on the next banking day.  This did not happen and I need to follow up on this.  I'm hoping the person did record our conversation, as I, through the website, cancelled the existing withdrawal notice, in the belief it would be done more easily and sooner.

SnowMan

Born2Save_3 said:

SnowMan said:

Quite a big cut on the DF 120 day. Was looking at swap data. You can see that at the point the reduction to 3.9%pa kicks in in September, then the OIS instantaneous rate (which is a proxy to what base rate might be on that specific date) is about 3.95%pa and expected to fall. So the big reduction probably reflects that 4.7%pa is a good rate (compared to easy access savings rates after the recent 0.25%pa cut in base rate gets implemented) and that base rate is likely to have dropped another 0.25%pa in the next 4 months.

The great thing about these DF accounts (and some other notice accounts depending on the terms) is that they give you an option against savings rates falling faster than expected. You can put in notices now-ish and either cancel them later (you have to secure message them although I've never tried that) or give notice to withdraw and later redeposit.

I'm waiting on the DF 90 day notification of a reduction, which I think must be coming.

Thank you Snowman for this and the link to the BoE data.  It is very interesting. I looked at the BoE website but didn't see the graph you used here.  Is there a way to produce the graph you have on the BoE website or did you use their data in your own application (Spreadsheet etc) ?

I have found DFCapital to be extremely good with modifying withdrawal notices.  Provided you have one or several notices setup, you can request to have them on a specific later date or reduce the amount.  You can as DFCapital describe be overdrawn, i.e. have total withdrawal notice amount greater then the amount currently held in the account.  Their system isn't strict on this, but you will eventually receive a message, however DFcapital do not alter or remove withdrawal notices without your involvement. I have yet to try splitting a notice, i.e. reducing the existing amount down but then having the amount reduced as a separate notice withdrawn at a later date.

With Vanquis, my experience has not been so good.  I wanted to put a withdrawal back by a month and whilst this was agreed on the phone, the person I spoke to claimed to not have authorisation to do that, but agreed to do it on the next banking day.  This did not happen and I need to follow up on this.  I'm hoping the person did record our conversation, as I, through the website, cancelled the existing withdrawal notice, in the belief it would be done more easily and sooner.

Thanks. Very interesting to hear your experience of modifying DF withdrawal notices. I tend to only use the 'create a new notice' option on their website, rather than the 'update withdrawals' option which means sending them a message.
The data is from the 'latest yield curve data' from the Bank of England yield curve page which downloads a directory of four files. The fourth of those files is the 'OIS daily data current month' which is where the chart I produced comes from. I created the chart directly using the excel charting function from the data in the last row of the spot short end and fwd short end tabs of that spreadsheet.

slinger2

Received an email from Investec notifying me that, from 16 June, they'll only be giving me 97 days notice of a rate reduction on my 90-day account, rather than the previous 104.

Aidanmc

Vanquis 90 day notice account

Following the latest change to the Bank of England base rate, we’re reducing your interest rate to 4.45%/4.45% (gross/AER) variable, with effect from 8th September 2025. This is in line with the terms and conditions of your account and will follow any changes to your interest rate previously notified that are yet to come into effect.

slinger2

Aidanmc said:

Vanquis 90 day notice account

Following the latest change to the Bank of England base rate, we’re reducing your interest rate to 4.45%/4.45% (gross/AER) variable, with effect from 8th September 2025. This is in line with the terms and conditions of your account and will follow any changes to your interest rate previously notified that are yet to come into effect.

A generous 115 days notice and a 0.2% reduction from the previously announced 4.65% rate which starts in early June.

Investec are still offering 4.64% on their 90 day account and "Existing Eligible Customers" can still get 4.65% with DF Capital's 90 day offering.

Born2Save_3

SnowMan said:

Born2Save_3 said:

SnowMan said:

Quite a big cut on the DF 120 day. Was looking at swap data. You can see that at the point the reduction to 3.9%pa kicks in in September, then the OIS instantaneous rate (which is a proxy to what base rate might be on that specific date) is about 3.95%pa and expected to fall. So the big reduction probably reflects that 4.7%pa is a good rate (compared to easy access savings rates after the recent 0.25%pa cut in base rate gets implemented) and that base rate is likely to have dropped another 0.25%pa in the next 4 months.

The great thing about these DF accounts (and some other notice accounts depending on the terms) is that they give you an option against savings rates falling faster than expected. You can put in notices now-ish and either cancel them later (you have to secure message them although I've never tried that) or give notice to withdraw and later redeposit.

I'm waiting on the DF 90 day notification of a reduction, which I think must be coming.

Thank you Snowman for this and the link to the BoE data.  It is very interesting. I looked at the BoE website but didn't see the graph you used here.  Is there a way to produce the graph you have on the BoE website or did you use their data in your own application (Spreadsheet etc) ?

I have found DFCapital to be extremely good with modifying withdrawal notices.  Provided you have one or several notices setup, you can request to have them on a specific later date or reduce the amount.  You can as DFCapital describe be overdrawn, i.e. have total withdrawal notice amount greater then the amount currently held in the account.  Their system isn't strict on this, but you will eventually receive a message, however DFcapital do not alter or remove withdrawal notices without your involvement. I have yet to try splitting a notice, i.e. reducing the existing amount down but then having the amount reduced as a separate notice withdrawn at a later date.

With Vanquis, my experience has not been so good.  I wanted to put a withdrawal back by a month and whilst this was agreed on the phone, the person I spoke to claimed to not have authorisation to do that, but agreed to do it on the next banking day.  This did not happen and I need to follow up on this.  I'm hoping the person did record our conversation, as I, through the website, cancelled the existing withdrawal notice, in the belief it would be done more easily and sooner.

Thanks. Very interesting to hear your experience of modifying DF withdrawal notices. I tend to only use the 'create a new notice' option on their website, rather than the 'update withdrawals' option which means sending them a message.
The data is from the 'latest yield curve data' from the Bank of England yield curve page which downloads a directory of four files. The fourth of those files is the 'OIS daily data current month' which is where the chart I produced comes from. I created the chart directly using the excel charting function from the data in the last row of the spot short end and fwd short end tabs of that spreadsheet.

Thanks for your reply on the BoE yield curve data graph.

In my experience, the quickest and easiest way to modify DFCapital withdrawal notices is over the phone.  Recently I modified five notices and the person I spoke to did it as we were talking.  If you send a message it may take up to two or three days to be actioned.  Also if what you want to do is involved it can be easier over the phone to make sure the person helping you understands your request.

If you use the website withdrawal feature it restricts you to having five withdrawal notices.  However, you can have more than this.  The sixth or further notice can be set up through messaging or over the phone.  This makes it easier to setup a withdrawal on a specific date, provided it is equal to or in excess of the notice period for the account.

As a possibly helpful related aside, if you use Linux (and there will be ways to make it work under Windows), some very helpful date calculation tools, add, subtract etc, are in the dateutils package :

https://github.com/hroptatyr/dateutils

https://www.fresse.org/dateutils/