iann
Posts: 105
Likes: 86
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Post by iann on Aug 1, 2020 9:26:15 GMT
Came to look at the interest payments on my access accounts today and spotted that for the 90 day accounts that the interest paid is 5.1% not the 5.75% as mentioned in the Lender Bulletin from June. I know the 5.75% is a target rate but I've not seen any emails about it not being hit this month. Did everyone else only get 5.1%?
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Post by Ace on Aug 1, 2020 9:43:30 GMT
Yep 5.1% for me.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,056
Likes: 617
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Post by dave4 on Aug 1, 2020 10:06:27 GMT
5.1 here also.  |
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dead-money
Rocket to the Moon
Posts: 746
Likes: 654
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Post by dead-money on Aug 1, 2020 10:50:43 GMT
Remember it's a target...
Variable, definitely not guaranteed, 'we'll pay it if we can', interest rate. Actual rates paid on 90 Day Access account were: For Mar 5.75%
For Apr 3.75%
For May 4.40%
For Jun 5.75%
For Jul 5.10%
For Aug 4.10% For Sep 4.10% maybe ?
Actual rates paid on 30 Day Access account were: For Mar 5.10%
For Apr 3.75%
For May 4.40%
For Jun 4.00%
For Jul 4.00%
For Aug 4.00%
For Sep 4.00% maybe ?Actual rates paid on Quick Access account were: For Mar 4.10%
For Apr 3.75%
For May 4.10%
For Jun 3.75%
For Jul 3.75%
For Aug 3.75%
For Sep 3.75% maybe ? The projected targets announced via email or on the website are as reliable as a politican's promise at the moment.
NB 'For August' means the interest accrured during the month of August and payable on 1st September.
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ian
Posts: 342
Likes: 226
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Post by ian on Aug 3, 2020 10:17:03 GMT
Came to look at the interest payments on my access accounts today and spotted that for the 90 day accounts that the interest paid is 5.1% not the 5.75% as mentioned in the Lender Bulletin from June. I know the 5.75% is a target rate but I've not seen any emails about it not being hit this month. Did everyone else only get 5.1%?
This was clearly communicated as 5.75% reducing down from September - I think they just make it up as they go 😩
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iann
Posts: 105
Likes: 86
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Post by iann on Aug 5, 2020 12:42:14 GMT
Just received an email today confirming that the 5.75% target was not met for July. I know they say better late than never...
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