The Top Easy Access Savings Discussion Area

mac20

Worst version of a base tracker account ever conceived, probably. 

Givens

Likely to put money in either Chip or Kroo, they both look similar. Is there an obvious reason I'm missing that I should choose one over the other?

andyhicks88

Givens said:

Likely to put money in either Chip or Kroo, they both look similar. Is there an obvious reason I'm missing that I should choose one over the other?

Well a plus for Kroo is that it's a current account not an actual savings account, which means that it comes with all the functions of a current account, which might be beneficial. Direct Debits, a card ect ect.

twadds123

Bridlington1 said:

Here's one that's may be worth keeping an eye on. Skipton have just launched an easy access Base Rate Tracker Issue 3 account, which pays 0.9% below the BOE base rate for the duration of the term, so currently pays 2.6%.

The account lasts for 24 months and any BOE base rate rises are passed on within 14 days. The minimum deposit is £1 and the account can be opened and managed in branch, online, via the app, by post and over the phone.

good spot, no risk to take the opportunity to open and see what happens.

also see it accepts debit card deposits, hoping that putting in the £1.01 will get me my double round up into my RBS regular saver

ForumUser7

twadds123 said:

Bridlington1 said:

Here's one that's may be worth keeping an eye on. Skipton have just launched an easy access Base Rate Tracker Issue 3 account, which pays 0.9% below the BOE base rate for the duration of the term, so currently pays 2.6%.

The account lasts for 24 months and any BOE base rate rises are passed on within 14 days. The minimum deposit is £1 and the account can be opened and managed in branch, online, via the app, by post and over the phone.

good spot, no risk to take the opportunity to open and see what happens.

also see it accepts debit card deposits, hoping that putting in the £1.01 will get me my double round up into my RBS regular saver

Just to make you aware, apparently Skipton are starting to clamp down on excess debit card payments - of course YMMV

https://forums.moneysavingexpert.com/discussion/6174281/new-halifax-reward-account-has-anyone-figured-out-a-way-around-500-spending/p12?utm_source=mseios&utm_medium=mobile_app&source=MOB_MSEIOS&utm_campaign=mse_topics

brucefan_2

Bridlington1 said:

Here's one that's may be worth keeping an eye on. Skipton have just launched an easy access Base Rate Tracker Issue 3 account, which pays 0.9% below the BOE base rate for the duration of the term, so currently pays 2.6%.

The account lasts for 24 months and any BOE base rate rises are passed on within 14 days. The minimum deposit is £1 and the account can be opened and managed in branch, online, via the app, by post and over the phone.

A quick question please.

If Skipton accounts are opened 'in branch' are you restricted to making deposits into the account in branch or can funds be transferred in 'in app'?

Thanks,
David

Bridlington1

brucefan_2 said:

Bridlington1 said:

Here's one that's may be worth keeping an eye on. Skipton have just launched an easy access Base Rate Tracker Issue 3 account, which pays 0.9% below the BOE base rate for the duration of the term, so currently pays 2.6%.

The account lasts for 24 months and any BOE base rate rises are passed on within 14 days. The minimum deposit is £1 and the account can be opened and managed in branch, online, via the app, by post and over the phone.

A quick question please.

If Skipton accounts are opened 'in branch' are you restricted to making deposits into the account in branch or can funds be transferred in 'in app'?

Thanks,
David

You'd be able to transfer funds in the app as well, just as you could make a deposit in branch if you opened the account online.

soulsaver

Skipton BR Tracker Iss3 (thanks @Bridlington1): 

Interesting one this: BR trackers with a term usually restrict access during the term, i.e. you take a gamble with the institution, like a fix.

Here, if it goes against you, you just w/d your dosh... or if it becomes better than expected you can add more? 

I suspect this will go NLA sharpish if it makes a top EA.

You can open it with a £1 and see how it goes... and if you're with 'em now, it took less than a couple of minutes to open and fund it online, for me.

It's in the ToPT trail for now.

twadds123

soulsaver said:

Skipton BR Tracker Iss3 (Thnaks @Bridlington1): 

Interesting one this: BR trackers with a term usually restrict access during the term, i.e. you take a gamble with the institution, like a fix.

Here, if it goes against you, you just w/d your dosh... or if it becomes better than expected you can add more? 

I suspect this will go NLA sharpish if it makes a top EA.

You can open it with a £1 and see how it goes... and if you're with 'em now, it took less than a minute to open and fund it online, for me.

It's in the ToPT trail for now.

was a pretty smooth application for a new customer too.   though of course need to wait a few days for the code for full app access, but the actual process was still very quick

Tfl

I just got fed up waiting for Skipton to increase rates, so today moved my money to Sainsbury’s.
 Sainsbury’s accounts are easy to close online when the time comes and they get the money to you quickly.

As a note, it required a phone call for me to close the online Skipton account. Not needed that with any of the other providers I use. I will open the Skipton base rate tracker with one pound to have it there as an option.