The Top Easy Access Savings Discussion Area

refluxer

janusdesign said:

refluxer said:

Paragon have released Issue 11 of their Triple Access Account at 2.91%

nice spot - though not a new release as that issue was initially issued by Paragon on the 13th January with a rate of 2.85%.

I opened one at that previous rate a fortnight ago and the existing account is now showing the updated monthly rate.

Ah, I missed that - well spotted ! Will amend my post

Band7

refluxer said:

Paragon have increased Issue 11 of their Triple Access Account to 2.91%

Save from £1, 3 withdrawals per year (rate reduces to 0.75% from your 4th withdrawal), variable interest rate - receive it monthly or annually, open and managed online.

Note that Paragon have a history of rewarding existing Triple Access account holders (both the ISA and non-ISA versions) with interest rate increases that are often higher for a while than the rates applied to new issues - previous issues of this account, for example, have been at 3.00% since the start of December 2022. 

They do seem to put their rates up a week or two before the BoE meeting rather than after though, so it might be worth holding off to see what happens at the next meeting on Thursday before considering this one.

With the access restriction, this is even more underwhelming than Gatehouse.

I wonder what they are up to, raising their rates the day before a widely expected BoE rise?

refluxer

Band7 said:

refluxer said:

Paragon have increased Issue 11 of their Triple Access Account to 2.91%

Save from £1, 3 withdrawals per year (rate reduces to 0.75% from your 4th withdrawal), variable interest rate - receive it monthly or annually, open and managed online.

Note that Paragon have a history of rewarding existing Triple Access account holders (both the ISA and non-ISA versions) with interest rate increases that are often higher for a while than the rates applied to new issues - previous issues of this account, for example, have been at 3.00% since the start of December 2022. 

They do seem to put their rates up a week or two before the BoE meeting rather than after though, so it might be worth holding off to see what happens at the next meeting on Thursday before considering this one.

With the access restriction, this is even more underwhelming than Gatehouse.

I wonder what they are up to, raising their rates the day before a widely expected BoE rise?

Yes, it's not particularly impressive but it's currently the 3rd-best easy access account available and only 0.01% behind the top two, so I presume they're just trying to grab some business ahead of Thursday's announcement. Even making if briefly into the top tables must be good for business.

They're not the only bank to operate in this way, with Sainsburys, Shawbrook and Cynergy all having done the same with their easy access accounts within the last week or two. 

phillw

Freedommm said:

If they did, they acted illegally I will have to report them and they will have pay large fines, much larger than the measly 3.25% pa.

Good luck with that.

flobbalobbalob

Skipton Tracker issue3 : paid in my test money over the weekend by debit card. Still showing as 'not cleared' , that's 2 banking days. They use Barclays Bank.

ForumUser7

flobbalobbalob said:

Skipton Tracker issue3 : paid in my test money over the weekend by debit card. Still showing as 'not cleared' , that's 2 banking days. They use Barclays Bank.

Website says ‘Interest from debit card payments starts to accrue on the third working day, from and including the day on which a debit card payment is made into your account (if this is a working day).’ - maybe it’ll show as cleared and available tomorrow

ForumUser7

HSBC flexible Saver to 0.9% from tomorrow - https://www.thisismoney.co.uk/money/saving/article-11670967/So-whats-best-savings-rate-bank-offers.html

Worth keeping an eye out in case they increase any others, like the online bonus access saver for example

Bridlington1

Just a reminder that the Welcome to Newbury account will be rising to 3.15% today.

Minty33

The Marcus 0.25% bonus is back today!!!

Won't affect those that already had it, as rate with bonus remians at 2.5%
Existing customers can renew for a further year bonus.

Minty33

Another low one, but
Investec Online flexi Saver 2.70% ( up from 2.45%)  £5000 min