Vida Cash ISA easy access

scotsmantom

Just transferred my Isa from Trading 212 at 3.85% to Vida thinking I would get 4.3% and now I see they are reducing to 4.05% from 3 September! Mugs game this chasing the best rate

surreysaver

I normally find it's best to let the dust settle after a BoE rate change before doing stuff that you cannot undo or involves time and effort.
If it's a simple case of easy access savers, fair enough.
Don't forget though, that the rules for flexible ISAs have changed, so you can now move current year subscriptions around without needing to use the transfer process 

Yellowman

It would be helpful (fairer?) if providers state intended rate reductions at the online application stage.

Aldermore does this.

OrangeBlueGreen

Yellowman said:

It would be helpful (fairer?) if providers state intended rate reductions at the online application stage.

Aldermore does this.

Yes or have something like some do "Interest rates correct as of xx/xx/xxxx" and then we can work out if BOE movements are already taken into account or not.

scotsmantom

Their site said interest rate as at 22 Aug before I transferred so I though they had already adjusted for BoE reduction

allegro120

scotsmantom said:

Just transferred my Isa from Trading 212 at 3.85% to Vida thinking I would get 4.3% and now I see they are reducing to 4.05% from 3 September! Mugs game this chasing the best rate

It's reducing from 4.38% to 4.11%. AER.   Thanks for posting it, I didn't get any notifications from Vida,  probably because I only have £10 there.  I was thinking of transferring in a large sum, but now it is out of the question,  4.11% is too low.