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Gatehouse Easy Access ISA Interest Cut
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Qyburn
Posts: 3,577 Forumite
We've just had notification that interest rate will drop from 5.03% to 4.75% on 18th January. Time to look around and see if it's worth transferring I guess. It's Mrs Q's account and only has this year's £20k in it. I think it probably needs to be Easy Access.
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The problem is you could move the account, only to find the new provider drops their rates.
There seems to be quite a lot interest rate reductions going on at the moment, so maybe best to wait for the market to settle down a bit.
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That's the trouble with easy-access accounts, sadly.0
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