Rabo Savings Instant Acccess Account Interest Reduction

C

Crunchie

Registered User
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352
On the phone to Rabo today and was told that 1.50% on the first €20,000 will be reducing to 1.25% on the first €50,000 in the coming days.
 
As per Rabo's website this morning:

"You should know that as of the 5th of August 2015, the rates above and the tier structure will change. So from the 5th of August 2015 you will get 1.25% Variable Gross/1.25% AER* on your first €50,000, 0.50% Variable Gross/0.50% AER* on amounts above €50,000 up to €5 million and 0% Variable Gross/0% AER* on amounts deposited above €5 million."
 
The rates on Rabo's notice accounts are also being reduced:

"You should know that as of the 5th of August 2015, the rates above will change. So from the 5th of August 2015 on a Notice Saver 30 you will get a rate of 1.25%, Variable Gross/1.25% AER* on amounts from €0 up to €1 million. A rate of zero applies on amounts above €1 million. Our Notice Saver 90 will deliver a rate of 1.45%, Variable Gross/1.45% AER* on amounts from €0 up to €1 million. A rate of zero applies on amounts above €1 million."
 
Yet another decrease.

The 90 day rate is still the highest variable rate without fees on the market.
 
I hate when I see posts from you Ciaran in the Deposits forum - invariably means another rate cut!
 
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