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  • Stargunner
    Stargunner Posts: 997 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    Got an email this evening from Skipton advising me that they are reducing the interest rate from 2nd September on their member bonus saver 1 A from 5.5% to 5.25% AER
  • Got an email this evening from Skipton advising me that they are reducing the interest rate from 2nd September on their member bonus saver 1 A from 5.5% to 5.25% AER

    Same here, along with reductions on their Bonus Saver issues 8 and 9.
  • Bridlington1
    Bridlington1 Posts: 3,759 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    edited 11 August 2024 at 9:28PM
    Had an email this evening from Skipton telling me my Easy Access 3 M is reducing from 3.74%/3.80% to 3.49%/3.55% on 2nd September 
    I'm afraid @Kazza242 beat you to it on 1/8/24 regarding Skipton rate reductions.
    Stargunner said:
    Got an email this evening from Skipton advising me that they are reducing the interest rate from 2nd September on their member bonus saver 1 A from 5.5% to 5.25% AER
    Member Bonus Saver reduction to 5.25% was mentioned explicitly the same day.
  • Bridlington1
    Bridlington1 Posts: 3,759 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    edited 12 August 2024 at 9:45PM
    @soulsaver
    Virgin Money Defined Access E-Saver Issue 25 (Tri) 4.76% NLA
    Replaced by Issue 26 at 4.25%

    Additionally:
    Monument Bank EA now 4.81% £25k min overall; app only
  • ikr2
    ikr2 Posts: 176 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Trading 212's cash ISA (5.2%) - just a quick review. Only been with them a short while but note that:
    • Withdrawals don't appear to be instant/ use Faster Payments. Made a small withdrawal yesterday and it has not yet shown up in the destination account. Trading 212 say up to 3 working days. The money is debited from the ISA instantly so potential interest loss there
    • Similarly for deposits over a weekend: the money left my account on a Saturday but was not credited to the ISA until Monday. Deposits on weekdays have been instant
    You do get daily interest payments though, which I've never seen before.
  • MichaelAP
    MichaelAP Posts: 130 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    ikr2 said:

    You do get daily interest payments though, which I've never seen before.
    Same with Chip, daily on both their Savings & Cash ISA.
  • KevinG
    KevinG Posts: 2,088 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 13 August 2024 at 9:50AM
    MichaelAP said:
    ikr2 said:

    You do get daily interest payments though, which I've never seen before.
    Same with Chip, daily on both their Savings & Cash ISA.
    Chip gives your a pending figure daily but it's only credited to the account once a month. 
    2kWp Solar PV - 10*200W Kioto, SMA Sunny Boy 2000HF, SSE facing, some shading in winter, 37° pitch, installed Jun-2011, inverter replaced Sep-2017 AND Feb-2022.
  • n15h
    n15h Posts: 231 Forumite
    Part of the Furniture 100 Posts Name Dropper Photogenic
    Hoist Savings easy access 4.85% on £1K up to max balance of £70K through Raisin: 
    https://www.raisin.co.uk/deposits/opening/overview/?productId=HST161

    Was available this morning when I logged in to Raisin.
    Thousands of candles can be lit from a single candle, and the life of the candle will not be shortened. Happiness never decreases by being shared - Buddha
  • Zaul22
    Zaul22 Posts: 383 Forumite
    Third Anniversary 100 Posts Name Dropper
    We might see some of the more harshly cut rates going back up again now. If they have priced in the next cut, which now isn't going to happen.
  • What_time_is_it
    What_time_is_it Posts: 868 Forumite
    500 Posts Third Anniversary Name Dropper
    edited 14 August 2024 at 3:22PM
    Zaul22 said:
    We might see some of the more harshly cut rates going back up again now. If they have priced in the next cut, which now isn't going to happen.
    What makes you so sure? Seems to be about 50/50 for a cut in September. 0.25% cut before Christmas seems pretty nailed on. Decent chance of 2 cuts by then.

    Inflation figures today were lower than expected I think, so if anything the chances of a cut in the next round have increased haven't they?
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