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Gatehouse Easy Access ISA Interest Cut

Qyburn
Qyburn Posts: 4,074 Forumite
Fifth Anniversary 1,000 Posts Name Dropper
edited 19 December 2023 at 8:49AM in ISAs & tax-free savings
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.

Comments

  • Albermarle
    Albermarle Posts: 30,528 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    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. 

  • Ocelot
    Ocelot Posts: 705 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    That's the trouble with easy-access accounts, sadly.
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