We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Loanpad drop in interest rates
Options
where_are_we
Posts: 1,215 Forumite
As
a result of the Bank of England reduction, we are announcing a small
reduction of 0.1% to our rates with effect from 02 June 2025, as
follows:
Classic / ISA Classic 5.10%
Premium / ISA Premium 6.10%
I suppose you could say a .1% reduction as a result of a .25% reduction in BOE base rate is a softening of the blow. There are conflicting views on a risk v reward argument for Loanpad. I will continue to hold my ISA Premium stake and I will add part of this years annual ISA allowance to that. This will still represent under 5% of my total investments.
Classic / ISA Classic 5.10%
Premium / ISA Premium 6.10%
I suppose you could say a .1% reduction as a result of a .25% reduction in BOE base rate is a softening of the blow. There are conflicting views on a risk v reward argument for Loanpad. I will continue to hold my ISA Premium stake and I will add part of this years annual ISA allowance to that. This will still represent under 5% of my total investments.
1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.8K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.8K Work, Benefits & Business
- 598.6K Mortgages, Homes & Bills
- 176.8K Life & Family
- 257.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards