IceSave Reduce Rate to 6.05%

steadysaver

With effect from 15th Feb IceSave are reducing the rate of there instant access saving account to 6.05%

http://www.icesave.co.uk/savings-news-icesave.html

Aegis

I just moved a fair chunk in too... Might have to look and see which rates stay up and go there instead now!

wombat42_2

steadysaver wrote: »

With effect from 15th Feb IceSave are reducing the rate of there instant access saving account to 6.05%

http://www.icesave.co.uk/savings-news-icesave.html

I cant see that statement anywhere in the link. an dthey have previously stateed that the interest rate will remain unchanged,

Fella

wombat42 wrote: »

I cant see that statement anywhere in the link. an dthey have previously stateed that the interest rate will remain unchanged,

Huh? It says it right there when you click the link?

11 February 2008 – Our Easy Access Savings Account interest rate is changing
Since December 2007 the Bank of England has reduced the Base Rate from 5.75% to 5.25% (as at 7 February 2008). Following these changes the interest rate on our Easy Access Savings Account will be changing. With effect from 15 February 2008 the new interest rate will be 6.05% AER.

Primrose

Well, to be fair, they've been equally fast at increasing their interest rates whenever the BOE rates have been increased so I suppose we can't complain. They advertise themselves as being a straighforward bank to do business with and that is exactly what we're getting. I'd rather deal with an organisation like this than ING, with whom I previously saved, who were pretty fast to reduce rates when the BOE rate came down and jolly slow at increasing them when the rate went up.

wombat42_2

Fella wrote: »

Huh? It says it right there when you click the link?

11 February 2008 – Our Easy Access Savings Account interest rate is changing
Since December 2007 the Bank of England has reduced the Base Rate from 5.75% to 5.25% (as at 7 February 2008). Following these changes the interest rate on our Easy Access Savings Account will be changing. With effect from 15 February 2008 the new interest rate will be 6.05% AER.

It doeasnt say it for me, It says:


Icesave news

15 January 2008 - New Easy Access ISA now available
We are committed to offering our savers simple, transparent and consistently high rate savings accounts. We are pleased to announce the launch of our Easy Access ISA - a tax-free Mini Cash ISA paying 6.10% AER backed up by a guarantee the AER will beat the Base Rate by at least 0.30% until 31 January 2011 and at least match it until 31 January 2013.
Find out more

15 January 2008 - A new look for Icesave.co.uk
You have been asking us for a bigger, better and easier to use Icesave.co.uk - you asked, we acted! As well as clearer information on things like common questions, we have also added new tools like interest rate calculators for our Easy Access Savings Account and Easy Access ISA. We'll continue to listen to your feedback and add more information and useful tools to Icesave.co.uk to make it even easier for you to use the site and save with Icesave.

etc etc

nx74201

I'm in the same position as wombat42, no mention of a cut to the savings account rate on their news page.

martyn4764

Fella wrote: »

Huh? It says it right there when you click the link?
.

I've clicked several times, including once with a browser with no cookies...

There is no reference to a reduction at all, nothing since mid-January in fact.

And, as someone said above, on 8th February they issued a statement that the rate is remaining at 6.3%.

Any chance of a screenshot?

tradetime

Yes I agree, this was to be expected, I have no issue with them responding to a base rate cut quickly as long as they respond in the same manner to increases.

wombat42_2

It is reported here that ICESAVE have kept their rates at 6.30%
http://www.thisismoney.co.uk/saving-and-banking/article.html?in_article_id=430093&in_page_id=7

I think you guys are making it up.

tradetime

This is what I see

You are here: home ›› Icesave news
Icesave news
Icesave news archive
Icesave news

11 February 2008 – Our Easy Access Savings Account interest rate is changing

Since December 2007 the Bank of England has reduced the Base Rate from 5.75% to 5.25% (as at 7 February 2008). Following these changes the interest rate on our Easy Access Savings Account will be changing. With effect from 15 February 2008 the new interest rate will be 6.05% AER.

With Icesave’s Easy Access Savings Account you can rest assured you are benefiting from a consistently high interest rate thanks to our guarantee that the AER will exceed the Base Rate by at least 0.25% until 1 October 2009 and thereafter to at least match it until 1 October 2011.

15 January 2008 - New Easy Access ISA now available

We are committed to offering our savers simple, transparent and consistently high rate savings accounts. We are pleased to announce the launch of our Easy Access ISA - a tax-free Mini Cash ISA paying 6.10% AER backed up by a guarantee the AER will beat the Base Rate by at least 0.30% until 31 January 2011 and at least match it until 31 January 2013.
Find out more

15 January 2008 - A new look for Icesave.co.uk

You have been asking us for a bigger, better and easier to use Icesave.co.uk - you asked, we acted! As well as clearer information on things like common questions, we have also added new tools like interest rate calculators for our Easy Access Savings Account and Easy Access ISA. We'll continue to listen to your feedback and add more information and useful tools to Icesave.co.uk to make it even easier for you to use the site and save with Icesave.

05 December 2007 - New 6 Month Fixed Rate Savings Account now available

Icesave is today adding to its range of consistently competitive online savings accounts, with the launch of a new six month Fixed Rate Saving Account paying 6.76% AER on maturity, available to new and existing customers of Icesave.
Find out more

26 November 2007 - Research shows women more in control of their finances

British women aged 40+ are more in control of their finances than ever before. They think of themselves as more sensible than their partner when it comes to money, have secret savings accounts and use credit cards but on the proviso that they pay them off every month. Whilst the rest of the nation is spiralling into debt, the majority of 40+ women are paying the bills and running the finances in the home.
Find out more

18 October 2007 - New 1, 2 and 3 Year Fixed Rate Savings Accounts now available

Icesave is committed to offering savings accounts that offer consistently competitive returns to savers. We are pleased to announce the availability of our Fixed Rate Savings Account to both new and existing Icesave savers. The Fixed Rate Savings Account is available in a range of terms that enable savers to guarantee a great fixed rate of up to 6.70%AER on their longer term savings. Savers will need to hurry though - Icesave Fixed Rate Savings Accounts come in limited offer issues - an issue may be withdrawn without notice if oversubscribed.
Find out more

01 October 2007 - Easy Access Savings Account interest rate increases to 6.30%AER

With effect from today the interest rate on our Easy Access Savings Account will increase by 0.10% from 6.20% AER to 6.30% AER.
Find out more
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I can't screenshot as the site does not allow attachments and I do not subscribe to an image host. That's the closest I can get to a screenshot.