So Tesco Bank are cutting the interest rate on their current account from 3% to 1%. This will see a shift in customers to other banks. Monzo have an aopportunity here provided they can offer an easy access savings account with 1% plus interest and no minimum balance.
Account closed on the 14/06/2019 then…
I had a feeling this account interest would be lowered this year. I’ve had it for a few years and it’s done well.
I think my money will go into my Marcus account.
I beilive Tesco only guaranteed the 3% until April 2019 so they’ve given us a bit more than expected.
How far in advance can you schedule a CASS ?