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Base rate cut 0.25% first time since Aug 23

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  • jimjames
    jimjames Posts: 18,720 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    gravel_2 said:
    Let's see how quickly and sharply savings rates follow (or don't).
    Already had email from Tandem advising 14 days notice, Chip already reduced it
    Remember the saying: if it looks too good to be true it almost certainly is.
  • boingy
    boingy Posts: 1,921 Forumite
    1,000 Posts Second Anniversary Name Dropper
    edited 1 August 2024 at 8:18PM
    Yep. That Tandem email was only beaten by Kroo, who changed their Terms a while ago to make the current account track base rate minus 0.9% so that change is instant. Still a pretty good rate for a current account though. My Tandem account has about a quid in it.
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