Interest Rate Cuts

Money, investing, mutuals etc
Sarah
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Re: Interest Rate Cuts

Post by Sarah » Wed Mar 27 2024 9:33am

Shawbrook Easy Access Account Issue 36
We will be reducing the interest rate on your Easy Access Account on 1 May 2024.

Current rate (variable) 4.89% Gross (monthly)/ 5.00% AER
New Rate (variable) 4.60% Gross (monthly)/ 4.70% AER
This will match their currently available Issue 38 of the same account.
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Sarah
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Re: Interest Rate Cuts

Post by Sarah » Wed Apr 03 2024 11:33pm

Post Office Online Saver (Issue 72) 5.06% Gross/AER variable for the first 12 months (then drops to only 1.55% Gross/AER variable).
https://www.postoffice.co.uk/savings-ac ... line-saver
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Sarah
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Re: Interest Rate Cuts

Post by Sarah » Sat May 04 2024 11:27am

Sarah wrote:
Wed Mar 27 2024 9:33am
Shawbrook Easy Access Account Issue 36
We will be reducing the interest rate on your Easy Access Account on 1 May 2024.

Current rate (variable) 4.89% Gross (monthly)/ 5.00% AER
New Rate (variable) 4.60% Gross (monthly)/ 4.70% AER
This will match their currently available Issue 38 of the same account.
Reminder: This rate cut has now taken effect! :(
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Sarah
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Re: Interest Rate Cuts

Post by Sarah » Sat May 04 2024 12:19pm

Paragon Double Access Cash ISA 4.95% AER (variable, up to 2 withdrawals) isn't bad in the current falling market. They also have a Triple Access Cash ISA which pays 0.70% AER less than this account.

https://www.paragonbank.co.uk/savings/c ... s-cash-isa
https://online.paragonbank.co.uk/applyo ... itions.pdf
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Sarah
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Re: Interest Rate Cuts

Post by Sarah » Mon May 20 2024 3:12am

Sarah wrote:
Thu Mar 21 2024 12:08pm
Santander Easy Access Saver Limited Edition (Issue 3) drops by 1% in May.
The interest rate on your Easy Access Saver Limited Edition (Issue 3) will reduce from 5.20% AER/gross (variable) to 4.20% AER/gross (variable) on 20 May 2024
viewtopic.php?f=5&t=90589&p=278956#p278956
Reminder: This rate cut has now taken effect! :(
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Richard Frost
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Re: Interest Rate Cuts

Post by Richard Frost » Mon May 20 2024 8:58am

Sarah wrote:
Mon May 20 2024 3:12am
Sarah wrote:
Thu Mar 21 2024 12:08pm
Santander Easy Access Saver Limited Edition (Issue 3) drops by 1% in May.
The interest rate on your Easy Access Saver Limited Edition (Issue 3) will reduce from 5.20% AER/gross (variable) to 4.20% AER/gross (variable) on 20 May 2024
viewtopic.php?f=5&t=90589&p=278956#p278956
Reminder: This rate cut has now taken effect! :(
If you have an Edge account with Santander you are able to open a savings account @7%

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Re: Interest Rate Cuts

Post by Sarah » Fri May 31 2024 9:54am

Marcus are cutting their online saver rate from 4.75% AER (including bonus) to 4.55% AER (including bonus) on 15 June 2024.
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Re: Interest Rate Cuts

Post by Sarah » Mon Jul 08 2024 1:28pm

Aviva Save
Get up to 5.02% AER** on your savings, with Aviva Save
Treat yourself with a gift card of up to £100

Now when you open an account with Aviva Save, you won’t just get a great interest rate, you’ll get a gift card of your choice too. So, while your money is hard at work, you can treat yourself.

All you need to do is open any new Aviva Save account (easy access, fixed rate or notice). Then deposit £1,000 - £80,000 and we’ll give you a gift card of your choice of up to £100 for Sainsbury’s, B&Q or Amazon.co.uk Gift Card*.

One voucher per customer. Over 18s and UK residents only. New customers only. Vouchers will be provided six weeks after your deposit.
Here's how it works

£10 Voucher - Deposit amount £1,000-£9,999
£20 Voucher - Deposit amount £10,000-£19,999
£30 Voucher - Deposit amount £20,000-£29,999
£40 Voucher - Deposit amount £30,000-£49,999
£50 Voucher - Deposit amount £50,000- £79,999
£100 Voucher - Deposit amount £80,000 or more
* Restrictions apply, see amazon.co.uk/gc-legal
** When we show the interest rate as an AER, it stands for Annual Equivalent Rate. This is what the interest rate would be if it was paid once a year. It helps you compare different accounts and see how much you can earn on your savings.
https://www.aviva.co.uk/investments/sav ... t-yourself
https://static.aviva.io/content/dam/doc ... S04005.pdf
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