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Santander interest rate reduction 20th May
Posted: May 8th, 2024, 7:48 pm
by Gerry557
Easy access saver rate is reducing on 20th May from 5.20% to 4.20%
That's quite a big drop. Have I missed a bank of England rate reduction.
Maybe they have some insider info on an upcoming cut.
Re: Santander interest rate reduction 20th May
Posted: May 9th, 2024, 8:55 am
by DrFfybes
Eh??
My Easy Access Saver Limited Edition (Issue 1) only pays 3.98%.
Time to investigate.
Re: Santander interest rate reduction 20th May
Posted: May 9th, 2024, 12:06 pm
by Gerry557
I have had a couple of savings accounts reduce the rate recently.
I will be moving most of the contents out of this one.
Will have to look to see what's at the top of the best buy tables.
Re: Santander interest rate reduction 20th May
Posted: May 9th, 2024, 1:12 pm
by londoninvestor
DrFfybes wrote:Eh??
My Easy Access Saver Limited Edition (Issue 1) only pays 3.98%.
Time to investigate.
I think I have the same account as Gerry557, and mine is the EASY ACCESS SAVER LIMITED EDITION (ISSUE 3) (A)
The cut takes effect on 20th May but was announced a couple of months ago. (8th March according to the moneysavingexpert.com article:
https://www.moneysavingexpert.com/news/ ... -rate-cut/)
Re: Santander interest rate reduction 20th May
Posted: May 9th, 2024, 4:56 pm
by Gerry557
I missed the march announcement so went hunting to find out why.
I did find an unread email telling me a document was available on the app. I've been to this part recently but it was empty.
Anyway whilst reading the info I went back to the app and then it appeared. It seems very slow to load so I think I just clicked back before it had chance as it appeared empty.
Anyway I know now so need to find a better home.