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  • FIRST POST
    • freeasabird
    • By freeasabird 16th Apr 19, 10:20 AM
    • 192Posts
    • 61Thanks
    freeasabird
    Santander Isa Rate just dropped!
    • #1
    • 16th Apr 19, 10:20 AM
    Santander Isa Rate just dropped! 16th Apr 19 at 10:20 AM
    I just called Santander's to find out about their easy access ISA and it has just dropped from 1.5% to 1%. Very disappointing but that's why they call it a variable rate.
Page 1
    • Zola.
    • By Zola. 16th Apr 19, 10:23 AM
    • 1,436 Posts
    • 658 Thanks
    Zola.
    • #2
    • 16th Apr 19, 10:23 AM
    • #2
    • 16th Apr 19, 10:23 AM
    Liquid cash held in the bank these days is basically costly erosion
    • intalex
    • By intalex 16th Apr 19, 10:37 AM
    • 354 Posts
    • 59 Thanks
    intalex
    • #3
    • 16th Apr 19, 10:37 AM
    • #3
    • 16th Apr 19, 10:37 AM
    Had a quick look at the interest rate schedules on their website, and it seems the 1.5% version (Issue 5) is still at 1.5% for now and off-sale, and a new version (Issue 6) has been released at 1.0% (both for the 123 version)
    • d63
    • By d63 16th Apr 19, 10:39 AM
    • 82 Posts
    • 46 Thanks
    d63
    • #4
    • 16th Apr 19, 10:39 AM
    • #4
    • 16th Apr 19, 10:39 AM
    this is excessively tiresome since i just opened one of these accounts. the T&C say they will give 14 days notice if the rate goes down, but i've not had an email or anything as yet and logging into my account it says the rate is still 1.5%, for the moment at least.
    so my question is has anyone received notice of their rate (eISA issue 5) going down?
    Last edited by d63; 16-04-2019 at 10:47 AM.
    • soulsaver
    • By soulsaver 16th Apr 19, 10:47 AM
    • 2,279 Posts
    • 1,086 Thanks
    soulsaver
    • #5
    • 16th Apr 19, 10:47 AM
    • #5
    • 16th Apr 19, 10:47 AM
    123 peeps 1.5% to be maintained for the year for people who have already opened the account iss 5
    • colsten
    • By colsten 16th Apr 19, 10:50 AM
    • 10,162 Posts
    • 9,330 Thanks
    colsten
    • #6
    • 16th Apr 19, 10:50 AM
    • #6
    • 16th Apr 19, 10:50 AM
    This is just the normal ISA rate pattern we see every year. The rates are dropping soon after April 6 as many people have filled their boots and banks have a limited allocation of the 'good' rates.

    Lesson to learn for next year: don't hang about if you see a good rate. If it's an instant access one, there is no reason why you shouldn't open the account there and then, as deposits can be made at any time at a later stage, or never if you find an even better one before you made your first deposit in a given tax year.
    • Paul_DNAP
    • By Paul_DNAP 16th Apr 19, 10:51 AM
    • 454 Posts
    • 568 Thanks
    Paul_DNAP
    • #7
    • 16th Apr 19, 10:51 AM
    • #7
    • 16th Apr 19, 10:51 AM
    Oh crud, I've just checked, their 2-year fixed ISA offering has also dropped, they were saying 1.9% for 123 customer, just refreshed my saved page and it's saying 1.3% - that's a swizz as I was waiting for a fixed rate o mature on Friday to move into that over the weekend.


    Going to have to re-draft my plans now.
    (Although I could be wrong, I often am.)
    • JGB1955
    • By JGB1955 16th Apr 19, 10:52 AM
    • 58 Posts
    • 67 Thanks
    JGB1955
    • #8
    • 16th Apr 19, 10:52 AM
    • #8
    • 16th Apr 19, 10:52 AM
    The offer was due to end at midnight yesterday.... and did.
    • Paul_DNAP
    • By Paul_DNAP 16th Apr 19, 11:20 AM
    • 454 Posts
    • 568 Thanks
    Paul_DNAP
    • #9
    • 16th Apr 19, 11:20 AM
    • #9
    • 16th Apr 19, 11:20 AM
    Ah well, dumb of me not spotting that, I could have opened it yesterday as there was a window to make the transfer request.


    So it looks like it's staying in T' Skipton building society after all.
    (Although I could be wrong, I often am.)
    • soulsaver
    • By soulsaver 16th Apr 19, 1:03 PM
    • 2,279 Posts
    • 1,086 Thanks
    soulsaver
    Ah well, dumb of me not spotting that, I could have opened it yesterday as there was a window to make the transfer request.


    So it looks like it's staying in T' Skipton building society after all.
    Originally posted by Paul_DNAP
    For the benefit for others not seeking a fixed rate..
    1.45% easy access ISA from Paragon.. note it says 'limited edition' ...

    https://www.paragonbank.co.uk/personal/savings/view-accounts/cash-isa/limited-edition-easy-access-isa
    Last edited by soulsaver; 16-04-2019 at 1:06 PM.
    • soulsaver
    • By soulsaver 16th Apr 19, 1:08 PM
    • 2,279 Posts
    • 1,086 Thanks
    soulsaver
    Ah well, dumb of me not spotting that, I could have opened it yesterday as there was a window to make the transfer request.


    So it looks like it's staying in T' Skipton building society after all.
    Originally posted by Paul_DNAP
    And 1.95% 2 year fix here.. 5k min

    https://chartersavingsbank.co.uk/Products/ISAs
    Last edited by soulsaver; 16-04-2019 at 1:11 PM. Reason: eta 5k
    • Paul_DNAP
    • By Paul_DNAP 16th Apr 19, 2:13 PM
    • 454 Posts
    • 568 Thanks
    Paul_DNAP
    And 1.95% 2 year fix here.. 5k min

    https://chartersavingsbank.co.uk/Products/ISAs
    Originally posted by soulsaver

    Mmmm, Skippy were offering me 1.9% on a 5yr, 2.0% if I can tip it over 20k, but Charter is 2.05% on their 3yr. Might be worth a shot - but I don't have any business with Charter, is the rigmarole of proving who I am worth that 0.05%. I'll flip a coin later on.
    (Although I could be wrong, I often am.)
    • freeasabird
    • By freeasabird 16th Apr 19, 7:29 PM
    • 192 Posts
    • 61 Thanks
    freeasabird
    Luckily I had a back up plan but it might be time for me to forget about ISAs especially as I don't have the kind of savings that would push me over the personal savings allowance. However you never know what might happen under Brexit. ��
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