Savings products investing deadlines 15 November 2022 at 1:24PM in Savings & investments 2 replies 141 views

cx200

Hi,
A number of savings products have got deadlines to apply ending this or next week (some tomorrow) e.g. Aldermore's 4.50% 18 month. Is this because they're waiting on the the Chancellor's statement and, magic question, whether they would subsequently pull those offers in place of potentially worse rates as a result?
Thanks

eskbanker

Most (all?) providers reserve the right to withdraw products from sale without notice at any time, so I wouldn't pay too much attention to scheduled deadlines, i.e. if you see a rate you like, grab it while you can.

Edit: just to emphasise the point, I went looking for an Aldermore 18-month fixed term account and there isn't one shown on their website, but it does include:

We reserve the right to withdraw these products from sale at any time.

https://www.aldermore.co.uk/personal/personal-savings-accounts/fixed-rate-accounts/

Albermarle

 Is this because they're waiting on the the Chancellor's statement 

It may be having some indirect effect, but more importantly over the last few weeks it has slowly become clearer that B of E rates will most likely not go as high as first thought. Same for various other forward rates in the financial markets.