Natwest Digital Regular Saver - interest rate going down

apt

Chase Bank is down to 4.55%.

artyboy

gesdt50 said:

Wow what a shocking drop from NatWest 

Are you, perhaps, someone who is easily shocked?

Bridlington1

artyboy said:

gesdt50 said:

Wow what a shocking drop from NatWest 

Are you, perhaps, someone who is easily shocked?

I'm afraid it's me who is easily shocked. I have a cat that likes to be stroked but unfortunately she gets rather stakitty if she lays in the sun for too long.

artyboy

Bridlington1 said:

artyboy said:

gesdt50 said:

Wow what a shocking drop from NatWest 

Are you, perhaps, someone who is easily shocked?

I'm afraid it's me who is easily shocked. I have a cat that likes to be stroked but unfortunately she gets rather stakitty if she lays in the sun for too long.

I have 2 long haired ragdolls and a load of nylon carpet. So.... yeah....  


("Stakitty"...      )

MiserlyMartin

apt said:

Chase Bank is down to 4.55%.

You are right. I forgot about that, they cut just after they launched that new rate. OK, I'll move that out as well . Got to keep voting with our feet then they will find that their deposit level has dropped too much and they will have to stop ripping off savers

Stargunner

MiserlyMartin said:

apt said:

Chase Bank is down to 4.55%.

You are right. I forgot about that, they cut just after they launched that new rate. OK, I'll move that out as well . Got to keep voting with our feet then they will find that their deposit level has dropped too much and they will have to stop ripping off savers

How is paying over BOE base rate, ripping people off?

MiserlyMartin

I did reply but I had my post removed. I hope you saw it before it vanished. Seems that that the forum is very regulated these days. I would go into detail but the post would be removed.

I will just say that there are higher rates out there, if you are happy with lower rates, then good luck to you

Stargunner

MiserlyMartin said:

I did reply but I had my post removed. I hope you saw it before it vanished. Seems that that the forum is very regulated these days. I would go into detail but the post would be removed.

I will just say that there are higher rates out there, if you are happy with lower rates, then good luck to you

I and many others on here already make the maximum monthly payments into ALL the higher paying regular savers that are available, so the NatWest/RBS savers are still good for us, because we cant get any higher interest rates anywhere else. 

saajan_12

MiserlyMartin said:

apt said:

Chase Bank is down to 4.55%.

You are right. I forgot about that, they cut just after they launched that new rate. OK, I'll move that out as well . Got to keep voting with our feet then they will find that their deposit level has dropped too much and they will have to stop ripping off savers

An account paying well over BOE is likely a loss leader for Natwest. Its worth it to them to attract customers to their other products, but they're probably better off 'losing' customers who just use these high interest accounts.