3% ish Easy Access... At Vanguard!

cloud_dog

Swipe said:

drob4 said:

Looks like Vanguard have removed the update:

https://www.vanguardinvestor.co.uk/need-help/answer/will-i-receive-interest-on-cash-held-in-my-account

So, not sure what the situation is…

According to a post on reddit someone contacted Vanguard and they said it was uploaded in error and they would give 30 days notice for any such change. 

So, it is coming, but not just yet

cloud_dog

@NedS just like to say thank you, your comments have been very helpful for me.

25_Years_On

The change is coming between the 13th and 27th March. The cash interest rate will be 2.2%. This is what it says in an email I've just received.

Swipe

Not so bad, so at least another month of good rates then. That's worked out quite well actually. I'll leave it in and move £20K from my GIA to my ISA on 6th April and then invest it

Aidanmc

What actually is the rate now at Vanguard?

Patrington

Another deal compromised by highlighting on here!

GeoffTF

Aidanmc said:

What actually is the rate now at Vanguard?

See the Monevator article linked in the original post. The base rate is now 4%.

Swipe

Aidanmc said:

What actually is the rate now at Vanguard?

3% ish as per the thread title 

Aidanmc

GeoffTF said:

Aidanmc said:

What actually is the rate now at Vanguard?

See the Monevator article linked in the original post. The base rate is now 4%.

3.4% at the minute then?

GeoffTF

It is worth noting that the Vanguard email and the link that it provides do not say what the current interest rate is. I expect that they are complying with the old T&Cs until the changes are introduced, but they do not say that. I expect that they are applying the full 0.2% of the interest, but that is not going to make much difference. The effective rate will also depend on whether the 0.15% platform fee applies, of course. Vanguard seems to be doing its best to obfuscate.