On your marks, get set... reduce rates

aroominyork

Which savings institution was first to email you about a savings rate reduction? 
4.39pm. Tandem Bank, 14 days' notice of 0.25% reduction.

Ayr_Rage

KROO, 1614, effective immediately

slinger2

Isn't KROO a tracker, in which case you're lucky to get an email at all. I don't think Chip send anything out.

skycatcher

Trading 212 15:19 effective tomorrow

wiseonesomeofthetime

Monument 15:54 
Cash ISA reducing to 4% on 21 August 

masonic

Kroo was the first, but Plum got in an hour or so later.

RunsFromRobots

Monument at 16:36 (although I don't have any money with them)

Kroo at 18:27

wiseonesomeofthetime

Yh my Kroo came in at 18:10

aroominyork

skycatcher said:

Trading 212 15:19 effective tomorrow

This one is the target, guys, though to be fair its Cash ISA is a tracker of base rate minus 0.15%.

NoMore

Oaknorth 14:01 effective tomorrow.

dosh37

Email from Oaknorth @ 12:23 today:-

They didn't waste any time.

====

We're writing to inform you that we're reducing the interest rate on your savings account.

Effective from 21 Aug 2025, the interest rate on your Easy Access Limited Edition Account number ending in *****XXX will decrease from 4.05% AER to 3.80% AER.

====

Luckily I emptied the Oaknorth account months ago. That should have automatically closed the account but they still keep sending me emails.

If you pay 20% savings tax, you would end up with about 3% net interest. With CPI now 3.6% many savers will be losing money in real terms.