Northern Rock Savings Rates Reducing By Up to 0.35% W.E.F 7th May

Baldur

dougs wrote: »

I can hardly see them dropping the rate from 6% to 5.01% in one go - there would be an exodus! :eek:

Current, past & future rates HERE.

bristolleedsfan

Geoffo_M wrote: »

5.01% can't be right surely. I have a note that the last rate reduction took it down to 6% on the 4th April 2008. Am I way out??

I didnt state that the rate applied to silver savings "online" rates, accounts quoted was as per information contained within moneyfacts link in O/P.

bristolleedsfan

Baldur wrote: »

Current, past & future rates HERE.

Your future rate links are showing the rates i detailed in O/P and link I gave in post no 7

Baldur

bristolleedsfan wrote: »

Your future rate links are showing the rates i detailed in O/P and link I gave in post no 7

Correct. Why confused? The link was to demonstrate that your emoneyfacts info was correct.

dougs

Baldur wrote: »

Current, past & future rates HERE.

but not for the Silver Savings online account.

I think what people are trying to establish, and there is some confusion over, is whether the Silver Savings Online rate is being dropped as well. The rate currently stands at 6% for this account. There is no information about rates, past or future, on this particular account on the NR website at all now.

NR don't help the confusion either by having acounts with the same name but one as branch/postal and one as online only :rolleyes:

dougs

bristolleedsfan wrote: »

I didnt state that the rate applied to silver savings "online" rates, accounts quoted was as per information contained within moneyfacts link in O/P.

no, nobody was suggesting you did. People are just trying to determine whether the SS Online account rate is also going down in the absence of any information about it on that moneyfacts link.

oldfella

have requested clarification on online saver interest from NR

Meltdown_2

dougs wrote: »

no, nobody was suggesting you did. People are just trying to determine whether the SS Online account rate is also going down in the absence of any information about it on that moneyfacts link.

The likelihood is that it will decrease in line with the Tracker Online rate (since they are similar online accounts and both are at 6.00% now).
The SS Online account wouldn't be mentioned by emoneyfacts (even if they had the info) since it is a closed account (i.e. not open for new applications).

Geoffo_M

dougs wrote: »

but not for the Silver Savings online account.

I think what people are trying to establish, and there is some confusion over, is whether the Silver Savings Online rate is being dropped as well. The rate currently stands at 6% for this account. There is no information about rates, past or future, on this particular account on the NR website at all now.

NR don't help the confusion either by having acounts with the same name but one as branch/postal and one as online only :rolleyes:

Thanks Doug - I thought I was losing it there for a moment. Surely they wouldn't drop the rate by nearly a full 1%. There would be such a rush by people to move their money!

oldfella

Silver saver online also reduces by 0.35% to 5.65% - time to go.