The Top Easy Access Savings Discussion Area

ForumUser7

Skipton announcement re Variable Rates:

With effect from Monday 13 February 2023, we will be increasing all our variable savings rates, with no variable rate product paying less than 2.25% AER. Further details of these changes will be made available here in due course.

Hopefully they take into account that nothing was done following the 15th December rise.

https://www.skipton.co.uk/base-rate-change

razord

Chase going up to 3% from 13th Feb too.

ForumUser7

razord said:

Chase going up to 3% from 13th Feb too.

Confirmed on their Twitter page @soulsaver:

quirkydeptless

ForumUser7 said:

razord said:

Chase going up to 3% from 13th Feb too.

Confirmed on their Twitter page @soulsaver:

That's some lucky hamster

Rheumatoid

Coventry reviewing. Be nice if the 3.25% limited access gets an upward tweak

patpalloon

I'm so glad I didn't bother to open a Kroo account - now overtaken/matched by both Tandem and Chase which I already have accounts with 

Freedommm

ForumUser7 said:

pecunianonolet said:

dale_cotterill said:

Freedommm said:

Shocked in disbelief, received this letter from Coventry BS after weeks of being unable to log in or deposit anything in my account.

"As part of our internal processes we use the Fraud Prevention Agency Cifas in the prevention

and detection of crime. Information has recently come to our attention which is of concern.

We have therefore made the decision to immediately close your account.

We are unable to provide any further information to you relating to this matter, however I have

enclosed a guidance leaflet detailing where further information is available directly from Cifas.

Please also take this letter as confirmation that you will not be permitted to hold any accounts

with the Society in the future."

How many other people received this? Did these idiots leave something bad in my credit file now? 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.

In a way, relieved. Figured out, no point waiting for these clowns and parked savings somewhere else for now.

You should probably look into it. If Coventry can see something, everyone else certainly will.

Check credit files of all 3 providers immediatly and go through it line by line and check if there is anything wrong or suspicious. Also, reflect if there is anything you might have done which you thought was fine but maybe wasn't or has been deemed as not being ok by a third party. For anything you might find in your file, seek clarification from the party logging it or complain/dispute it.

Do references tend to vary significantly between agencies? I thought that all would be notified of any issues etc, but I don't get how they work tbh

OP - You should also file a DSAR with CIFAS, in case they hold any markers for you

I did a DSAR with CIFAS and they said there is nothing on me. Another words, Coventry are just blundering fools. They probably sent thousands of such letters to people. Nevertheless, I asked CIFAS to take it up with them! 😊 

AmityNeon

patpalloon said:

I'm so glad I didn't bother to open a Kroo account - now overtaken/matched by both Tandem and Chase which I already have accounts with 

They were overtaken by Tandem, but not matched by Chase.

Perhaps the next few weeks may be a better time to apply for the Kroo account when demand has decreased. If they ever do increase their rates (they probably will), you'll already have an account.

jaypers

It’s interesting that a number of institutions seem to have acted quickly this time. I’m watching the likes on Marcus, Atom, Zopa and Virgin Money with interest, all of who need to up their game. 

2010

jaypers said:

It’s interesting that a number of institutions seem to have acted quickly this time. I’m watching the likes on Marcus, Atom, Zopa and Virgin Money with interest, all of who need to up their game. 

You can also add Nationwide B/Soc to that list of slow / no movers.