Savings products investing deadlines

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

Replies

  • edited 15 November 2022 at 1:43PM
    eskbankereskbanker Forumite
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    edited 15 November 2022 at 1:43PM
    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/
  • AlbermarleAlbermarle Forumite
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     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.

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