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The Top Easy Access Savings Discussion Area
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Starling should take a page out of their book!andyhicks88 said:Not strictly an actual Easy Access Savings Account but it might be worth noting that Kroo Bank are increasing the interest rate on their current account to 3.03% for balances up to 85k, so it could be treated as a savings account really and has the bonus of Current Account functionality. I believe you can get £20 cashback via TCB for joining too.
https://www.kroo.com/
It looks like this is a total game changer really to have a current account that also has the highest easy access rate on the full balance.If you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.0 -
"Kroo received its full banking licence on 24 June 2022 and launched its new current account in December 2022"
A rather new kid on the block. Attractive rate indeed but not sure if I want another hard search.1 -
West Bromwich Building Society rate increases. The PDF of all the new rates for all the new accounts does not seem to be available at this time.
Savings customers
For savers with accounts that track Bank Rate
Rates of interest will increase by 0.50% in line with product specific terms and conditions. These changes took effect from Wednesday 21 December 2022.For savers with a variable rate savings account
Rates of interest will be increased by up to 0.30% on Wednesday 1 February 2023.For savers with a fixed rate savings account
These changes only affect variable rates. There are no changes to fixed rate accounts.If you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.1 -
Soft search only, just like Metro, Monzo and Starling.pecunianonolet said:"Kroo received its full banking licence on 24 June 2022 and launched its new current account in December 2022"
A rather new kid on the block. Attractive rate indeed but not sure if I want another hard search.1 -
Wasn't aware it's only a soft search but even better! Thanks for clarification on this.AmityNeon said:
Soft search only, just like Metro, Monzo and Starling.pecunianonolet said:"Kroo received its full banking licence on 24 June 2022 and launched its new current account in December 2022"
A rather new kid on the block. Attractive rate indeed but not sure if I want another hard search.0 -
I opened a Monzo just last week. Hard search.AmityNeon said:
Soft search only, just like Metro, Monzo and Starling.pecunianonolet said:"Kroo received its full banking licence on 24 June 2022 and launched its new current account in December 2022"
A rather new kid on the block. Attractive rate indeed but not sure if I want another hard search.
The Kroo I opened a couple of months ago did just a soft search.
In any case, though, the fear of hard searches seems vastly misplaced. Hard searches only matter if you are planning to get a large credit facility (mortgage, loan, credit card limit increase) in the next 6-12 months. If you have no such plans, the hard searches don’t matter one iota. Hard searches also drop off your credit files after a year.0 -
What a people's experience with kroo? Quite happy to use challenger banks as long as they offer an app that works.
How long do transfers in/out take?0 -
Have a look over on the Budgeting board, there’s a Kroo thread. Not very busy. They use faster payments like all banks. What will happen if the MSE Massive hits them is anyone’s guess.jimexbox said:What a people's experience with kroo? Quite happy to use challenger banks as long as they offer an app that works.
How long do transfers in/out take?1 -
Twenty quid joining bribe with TopCashback too.Band7 said:
Have a look over on the Budgeting board, there’s a Kroo thread. Not very busy. They use faster payments like all banks. What will happen if the MSE Massive hits them is anyone’s guess.jimexbox said:What a people's experience with kroo? Quite happy to use challenger banks as long as they offer an app that works.
How long do transfers in/out take?1 -
They're not that fast. I joined Kroo at about 11pm last night. Clicked on the "add money" button and proceeded to grab £10 from another current account of mine. As I write, the £10 is not showing in the Kroo account, despite their app saying the transaction was successful. The donor bank immediately showed the £10 debited.flaneurs_lobster said:
Twenty quid joining bribe with TopCashback too.Band7 said:
Have a look over on the Budgeting board, there’s a Kroo thread. Not very busy. They use faster payments like all banks. What will happen if the MSE Massive hits them is anyone’s guess.jimexbox said:What a people's experience with kroo? Quite happy to use challenger banks as long as they offer an app that works.
How long do transfers in/out take?
In addition, I've found that the app can be laggy and this was the case when applying too.
The application was made via TopCashback, and that's already showing a £20 credit.1
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