Just a reminder that their ISA rates are reducing by 0.25% on 26th May.
Interesting news, but I must admit that I still have a few ‘trust’ issues with these outfits that have their antecedents in Eastern Europe (Bulgaria, Estonia, Lithuania etc). I have visions of Putin ending up with his grubby war criminal paws on my funds at some point.
Is that actually more or less likely than Starmer or Trump ending up with them?
This isn’t really a change, their current rate is 4.1% and current BoE rate is 4.25%
It won’t affect the current interest rate, true.
However, it means that future interest rates will be immediately reflected in the rate offered and stops them from offering a more competitive rate as they have done in the past.
Yeah it does give some certainty to future rate offerings, and that they will always be below the BoE rate.
(The email also reminded me to transfer out now that the promo rate on my account has expired).
