Aldermore 4.17%

MatLoweRN

Just a heads up.  I called Aldermore today to ask a few questions about their 4.17% fixed ISA.  One of the questions I asked was when was the last time the interest rate for this ISA changed. Really just trying to find out wether they had already reduced it following December's BoE decision. Was told that although all other rates were reduced following that BoE decision, the 1yr fixed ISA rate remained unchanged.  I was told that they are reviewing the rate on the fixed ISA on Thursday, so maybe one to keep an eye on? 

eschaton

I wouldn’t hang around. 

I was going to open one with them at the end of August at 4.3%. 

I waited a week and ended up with 4.2%. 

MatLoweRN

eschaton said:

I wouldn’t hang around. 

I was going to open one with them at the end of August at 4.3%. 

I waited a week and ended up with 4.2%. 

Yes, my thoughts too.  However the lady advised me to wait about a week as I'm transfering in a fixed isa from Shawbrook that doesn't mature until the end of the month.  She said that there is a risk that Shawbrook would reject it as its too early.  But i know i can request the transfer does not take place until the maturity date.  Now I think if I start today, the rate will plummet mid-application.  Now I'm  wondering if their advice to wait was so I end up with a lower rate. So annoying! 

Albermarle

MatLoweRN said:

eschaton said:

I wouldn’t hang around. 

I was going to open one with them at the end of August at 4.3%. 

I waited a week and ended up with 4.2%. 

Yes, my thoughts too.  However the lady advised me to wait about a week as I'm transfering in a fixed isa from Shawbrook that doesn't mature until the end of the month.  She said that there is a risk that Shawbrook would reject it as its too early.  But i know i can request the transfer does not take place until the maturity date.  Now I think if I start today, the rate will plummet mid-application.  Now I'm  wondering if their advice to wait was so I end up with a lower rate. So annoying! 

I very much doubt that a call advisor at Aldermore is going to be so sharp,  and it is very unlikely at their level they would know when rates will be changing.
Their advice to wait is probably just being cautious, as sometimes these advance requests do go wrong.
Usually though they are fine so I would just go ahead.

fuzzzzy

MatLoweRN said:

Just a heads up.  I called Aldermore today to ask a few questions about their 4.17% fixed ISA.  One of the questions I asked was when was the last time the interest rate for this ISA changed. Really just trying to find out wether they had already reduced it following December's BoE decision. Was told that although all other rates were reduced following that BoE decision, the 1yr fixed ISA rate remained unchanged.  I was told that they are reviewing the rate on the fixed ISA on Thursday, so maybe one to keep an eye on? 

That 1 year fixed rate has dropped to 4.06%. I noticed it had disappeared from moneyfacts yesterday.

There was a Gatehouse 1 year ISA fix on moneyfacts yesterday at 4.21%. I intended opening that today but it has gone (rate now 3.96%).

You snooze you lose!