Tembo ISA interest rate reduction

jungleboy123

i keep playing the switchy game and i have burned all my newbie accounts. I started the year with T212, then plum then moneybox and finally thought sod it ill go tembo and accept a lower rate. I did not expect this big drop from the 0.25% cut.

No idea what im gonna do now but will keep an eye on this thread.

clairec666

jungleboy123 said:

i keep playing the switchy game and i have burned all my newbie accounts. I started the year with T212, then plum then moneybox and finally thought sod it ill go tembo and accept a lower rate. I did not expect this big drop from the 0.25% cut.

No idea what im gonna do now but will keep an eye on this thread.

Tembo's still better than all the "without bonus" rates, I think? Even though the big drop is annoying, they still might be worth sticking with. Check in a couple of weeks, because at the moment there are some better rates (Ford Money flexible ISA, and quite a few limited withdrawal accounts) but they might yet drop after the latest base rate cut. Tembo is still showing as 4.64% on moneyfactscompare as it doesn't drop to 4.1% until tomorrow.

Growingold

clairec666 said:

jungleboy123 said:

i keep playing the switchy game and i have burned all my newbie accounts. I started the year with T212, then plum then moneybox and finally thought sod it ill go tembo and accept a lower rate. I did not expect this big drop from the 0.25% cut.

No idea what im gonna do now but will keep an eye on this thread.

Tembo's still better than all the "without bonus" rates, I think? Even though the big drop is annoying, they still might be worth sticking with. Check in a couple of weeks, because at the moment there are some better rates (Ford Money flexible ISA, and quite a few limited withdrawal accounts) but they might yet drop after the latest base rate cut. Tembo is still showing as 4.64% on moneyfactscompare as it doesn't drop to 4.1% until tomorrow.

Principality have an 

Online Bonus 5 Access Cash ISA currently 4.40% dropping to 4.20% on 18/09 as can be seen on their product page.

This ISA is flexible whereas Tembo isn't.  Okay limited to 5 withdrawals a year and includes a bonus for first 12 months but can easily transfer internally by secure message to a better paying one when one comes along (keeping the same account number I believe.)

clairec666

Growingold said:

clairec666 said:

jungleboy123 said:

i keep playing the switchy game and i have burned all my newbie accounts. I started the year with T212, then plum then moneybox and finally thought sod it ill go tembo and accept a lower rate. I did not expect this big drop from the 0.25% cut.

No idea what im gonna do now but will keep an eye on this thread.

Tembo's still better than all the "without bonus" rates, I think? Even though the big drop is annoying, they still might be worth sticking with. Check in a couple of weeks, because at the moment there are some better rates (Ford Money flexible ISA, and quite a few limited withdrawal accounts) but they might yet drop after the latest base rate cut. Tembo is still showing as 4.64% on moneyfactscompare as it doesn't drop to 4.1% until tomorrow.

Principality have an 

Online Bonus 5 Access Cash ISA currently 4.40% dropping to 4.20% on 18/09 as can be seen on their product page.

This ISA is flexible whereas Tembo isn't.  Okay limited to 5 withdrawals a year and includes a bonus for first 12 months but can easily transfer internally by secure message to a better paying one when one comes along (keeping the same account number I believe.)

Yes, I was going to recommend that one. And it's still at 4.4% for a whole month! Principality have yet to email me about the rate drop, although it's advertised on their website. And yes, you can do an internal transfer to extend the bonus period, I've done it a couple of times.

Growingold

clairec666 said:

Growingold said:

clairec666 said:

jungleboy123 said:

i keep playing the switchy game and i have burned all my newbie accounts. I started the year with T212, then plum then moneybox and finally thought sod it ill go tembo and accept a lower rate. I did not expect this big drop from the 0.25% cut.

No idea what im gonna do now but will keep an eye on this thread.

Tembo's still better than all the "without bonus" rates, I think? Even though the big drop is annoying, they still might be worth sticking with. Check in a couple of weeks, because at the moment there are some better rates (Ford Money flexible ISA, and quite a few limited withdrawal accounts) but they might yet drop after the latest base rate cut. Tembo is still showing as 4.64% on moneyfactscompare as it doesn't drop to 4.1% until tomorrow.

Principality have an 

Online Bonus 5 Access Cash ISA currently 4.40% dropping to 4.20% on 18/09 as can be seen on their product page.

This ISA is flexible whereas Tembo isn't.  Okay limited to 5 withdrawals a year and includes a bonus for first 12 months but can easily transfer internally by secure message to a better paying one when one comes along (keeping the same account number I believe.)

Yes, I was going to recommend that one. And it's still at 4.4% for a whole month! Principality have yet to email me about the rate drop, although it's advertised on their website. And yes, you can do an internal transfer to extend the bonus period, I've done it a couple of times.

Also if my memory serves me correctly in the previous rate reductions across their accounts it was only 0.20% and not the full 0.25%?