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Trading 212 Cash ISA - Rate Reducing

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Comments

  • Marvel1
    Marvel1 Posts: 7,478 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Wonder if they would be quick if (big if) it went up.

    I only joined about 2-3 weeks ago - will stick with it for the year and go fixed.
  • epm-84
    epm-84 Posts: 2,798 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Standard building societies are usually slower to announce interest rate changes, and then usually give some notice. Although, the flip side is they might take 4-6 weeks to implement an increase in rate too.
  • clairec666
    clairec666 Posts: 931 Forumite
    500 Posts Name Dropper
    epm-84 said:
    Standard building societies are usually slower to announce interest rate changes, and then usually give some notice. Although, the flip side is they might take 4-6 weeks to implement an increase in rate too.
    The other downside is that they appear at an artificially high ranking on sites such as moneyfactscompare when others have already dropped their rates
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