I went to Finnasbank this morning and spoke to Ulas he was very helpful I asked him to explain why my rate had dropped to 15.5%.
he told me banks give introductory rates (a sprat to catch a mackrel). I closed my monthly account offerd at 15.5% he could then offer me a new monthly account at 17.25%, when I told him the rate at Fortis he made a couple of calls to get me an even better rate, maybe up to 17.75% I am waiting for clarification. I like Finnas bank and Fortis and at the moment want to keep my money in seperate banks until the goverment guarantee changes.
The moral of the story is which ever bank you are with do not just accept the new rate when your monthly time deposit account is up.
Mark