The New Top Easy Access Savings Discussion Area

wiseonesomeofthetime

Bobblehat said:

Rheumatoid said:

We want to notify you that the expected profit rate on your Gatehouse Bank Easy Access Account is changing as follows on 19 March 2025:

Current rate	New lower rate
4.65% Gross	4.27% Gross

Is yours the ERG or EAA account?

Gatehouse Bank Easy Access account

 My email doesn't specify which of those two accounts (that I hold) it replies to.
Mine are annual interest .
4.35% from 4.75%

If so, both likely to be empty by 19 March atm 

@soulsaver

janusd

wiseonesomeofthetime said:

Bobblehat said:

Rheumatoid said:

We want to notify you that the expected profit rate on your Gatehouse Bank Easy Access Account is changing as follows on 19 March 2025:

Current rate	New lower rate
4.65% Gross	4.27% Gross

Is yours the ERG or EAA account?

Gatehouse Bank Easy Access account

 My email doesn't specify which of those two accounts (that I hold) it replies to.
Mine are annual interest .
4.35% from 4.75%

If so, both likely to be empty by 19 March atm 

@soulsaver

It will be their standard Easy Access Account that is dropping, not the ERG account.

when I got an equivalent email at the end of last year about a drop in the ERG account, it used the text "We want to notify you that the expected profit rate on your Gatehouse Bank Easy Access Regular Saver Is 1 is changing as follows on..."; whereas this email today states "We want to notify you that the expected profit rate on your Gatehouse Bank Easy Access Account is changing as follows on 19 March 2025" - so I would read it as being for their default Easy Access account.

soulsaver

wiseonesomeofthetime said:

Bobblehat said:

Rheumatoid said:

We want to notify you that the expected profit rate on your Gatehouse Bank Easy Access Account is changing as follows on 19 March 2025:

Current rate	New lower rate
4.65% Gross	4.27% Gross

Is yours the ERG or EAA account?

Gatehouse Bank Easy Access account

 My email doesn't specify which of those two accounts (that I hold) it replies to.
Mine are annual interest .
4.35% from 4.75%

If so, both likely to be empty by 19 March atm 

@soulsaver

We want to notify you that the expected profit rate on your Gatehouse Bank Easy Access Maturity is changing as follows on 19 March 2025:

Current rate	New lower rate
4.75% Gross	4.35% Gross

Dizzycap

Bobblehat said:

Rheumatoid said:

We want to notify you that the expected profit rate on your Gatehouse Bank Easy Access Account is changing as follows on 19 March 2025:

Current rate	New lower rate
4.65% Gross	4.27% Gross

Is yours the ERG or EAA account?

The email states a reduction to the EEA but I'm expecting the ERG to follow, as it has done in the past..........

janusd

Dizzycap said:

Bobblehat said:

Rheumatoid said:

We want to notify you that the expected profit rate on your Gatehouse Bank Easy Access Account is changing as follows on 19 March 2025:

Current rate	New lower rate
4.65% Gross	4.27% Gross

Is yours the ERG or EAA account?

The email states a reduction to the EEA but I'm expecting the ERG to follow, as it has done in the past..........

there were 20 days last December between notice of the changes to the two accounts - perhaps depends on how many kept their ERG accounts opened?

weirdly, I just logged in (their Android app no longer works for me) and the account is now labelled "Easy Access Regular Saver Is 2".

Stargunner

soulsaver said:

wiseonesomeofthetime said:

Bobblehat said:

Rheumatoid said:

We want to notify you that the expected profit rate on your Gatehouse Bank Easy Access Account is changing as follows on 19 March 2025:

Current rate	New lower rate
4.65% Gross	4.27% Gross

Is yours the ERG or EAA account?

Gatehouse Bank Easy Access account

 My email doesn't specify which of those two accounts (that I hold) it replies to.
Mine are annual interest .
4.35% from 4.75%

If so, both likely to be empty by 19 March atm 

@soulsaver

We want to notify you that the expected profit rate on your Gatehouse Bank Easy Access Maturity is changing as follows on 19 March 2025:

Current rate	New lower rate
4.75% Gross	4.35% Gross

That is a big drop. Will have to find another home for my easy access money next month.

SJMALBA

Phoned Gatehouse (as I had only received emails for 2 of my 3 EA accounts) - I was told that the ERG EA (RS maturity account) also drops to 4.27% Monthly, but on 27.3.25.

cwep2

The Gatehouse move is a big drop, but the last move was *up* in December (from 4.60 AER to 4.75) and the next best (non-ISA) easy access accounts without limited withdrawals are all either sub 4.5% or moving there so it was a big outlier. 

Even a 0.25% drop would have made it the best unlimited access account I have. I’ll still keep money in places like Atom/Coventry limited access but for sweeping money in and out of my current account (which usually means several withdrawals per month) I’ll be going somewhere else. 

winkowinko

Hefty drop, but I will wait until 19th March before deciding how bad 4.27% really is.

pecunianonolet

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