Notice Accounts

refluxer

Bobblehat said:

Expotter said:

Oak North 90 day Notice Savings Account 2.4%

Would you know if that rate will be applied to current holders of the 90 Day Notice account (2.25%)? Haven't found any clues on their website yet.

Update - just noticed I received this in an email from OakNorth a short while ago...

Effective from 01 Oct 2022, the interest rate on your Notice Account ending in XXXX will increase from 2.26% AER to 2.40% AER.

Mine is Issue 18 of the 90 Day Notice Account.

SJMALBA

Bobblehat said:

Expotter said:

Oak North 90 day Notice Savings Account 2.4%

Would you know if that rate will be applied to current holders of the 90 Day Notice account (2.25%)? Haven't found any clues on their website yet.

2 emails received form OakNorth confirm increase on my (empty!) issue 18 & 19 accounts, but nothing (so far) for my 'current' issue 20 account...

Effective 1st October.

EDIT: Email now received re issue 20, too.

Rudyson

I've just had emails from Oaknorth that two of my 90 day accounts will go up to 2.4% from 1st Oct. I've yet to hear about the third, the one that actually has money in it, and haven't heard anything about the 120 day a/cs yet either

Thumbs_Up

Bobblehat said:

Expotter said:

Oak North 90 day Notice Savings Account 2.4%

Would you know if that rate will be applied to current holders of the 90 Day Notice account (2.25%)? Haven't found any clues on their website yet.

The email states effective from 1st October.

Wheres_My_Cashback

Nice to see the OakNorth 2.26 rise to 2.40 if you already have it, but  I'd suggest it's not worth opening any new Notice or Fixed rate accounts currently due the current economic crisis and likelihood of emergency BoE base rate rises in the coming couple of weeks.
Many commentators are suggesting an emergency rise of a further 1.00% and some up to 1.50%.

Thumbs_Up

I should say a multitude of emails....Lost count after 4.

DaveyCee

SJMALBA said:

Bobblehat said:

Expotter said:

Oak North 90 day Notice Savings Account 2.4%

Would you know if that rate will be applied to current holders of the 90 Day Notice account (2.25%)? Haven't found any clues on their website yet.

2 emails received form OakNorth confirm increase on my (empty!) issue 18 & 19 accounts, but nothing (so far) for my 'current' issue 20 account...
Effective 1st October.

Just received 2 emails from OakNorth. They have increased the interest on my closed account and the active account. 2.4% as of Oct 1st. I wouldn't rule out another rise on Nov 1st either. 

Rudyson

Rudyson said:

I've just had emails from Oaknorth that two of my 90 day accounts will go up to 2.4% from 1st Oct. I've yet to hear about the third, the one that actually has money in it, and haven't heard anything about the 120 day a/cs yet either

Just received notice that the Issue 20 a/c is also going up to 2.4%

Thumbs_Up

Wheres_My_Cashback said:

it's not worth opening any new Notice or Fixed rate accounts currently due the current economic crisis and likelihood of emergency BoE base rate rises in the coming couple of weeks.

Could be coming hours!

Bobblehat

Thanks everyone .... agree with W_M_C_b .... no one dislikes any rise, but if you already have it, it's a small bonus. The point of going for a 90 Day (and giving notice almost straight away) was because of the fair possibility of there being better rates when it finishes. 

Just had my email as I was typing the above