The Top Easy Access Savings Discussion Area

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.

Iris_Rose

Total disaster from the beginning. Installed the app. It kept hanging at different places. Tried 7 times to create an account and gave up. Tried the next day. Managed to create an account. Then found out that although they had my name correctly in the account details, they had my first name in the home page wrong. They managed to sort this. Then at 12.30pm today I transferred £10. The details are correct but 4 and a 1/2 hours later there is no sign of it. Tried to use in app chat to query "error whilst creating user". So tried to ring. They are open til 5.30. At 4.30 they said they were closed. I have emailed them so we shall see if that works. I rebooted the phone and now the chat works. The whole app seems to be very flaky and I really do not think I want to trust them with my money

andyhicks88

Wondering if Virgin Money are going to make any moves soon, they are lagging behind now both on their current account interest and their linked Easy Access interest. Though they are leading the pack with their ISA's.  At the moment I'm keeping them as my main current account because I do get their switch bonus rate of 5%  interest on £1 but that will end in March and Kroo looks a good option then, though I find myself a little hesitant to use Kroo as my main bank account given their small size.