The Top Easy Access Savings Discussion Area

J63320

GalacticaActual said:

Skipton Building Society have now issued a PDF showing the rate changes to variable accounts effective from Monday 13th February 2023:

https://www.skipton.co.uk/-/media/skipton-co-uk/pdf/savings/changes-to-variable-accounts.ashx
https://www.skipton.co.uk/base-rate-change

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.

Thanks for the heads-up. I have a Triple Access account that I’m planning to close before the end of the tax year, to use up what’s left of my PSA, but it was getting to the point where I would lose more by keeping the money in there at 2.65% than the amount I’d be saving in tax.

Kazza242

According to Moneyfacts, Sainsbury's Bank are launching Defined Access Saver (issue 39), which will pay 3.05%.

The interest rates are tiered:
3.05% on £1,000 - £500,000
1.05% £1 - £9,999
0.90% on £500,001 and above.

It allows 3 penalty-free withdrawals per year.

The minimum opening deposit is £1.

https://www.sainsburysbank.co.uk/savings/sav_savings_zone

@soulsaver FYI (once the link is live)

soulsaver

Skipton  BS Triple Access Iss6 will pay 3.10% from 13/02. £5k to open/for the rate? Triple Access Saver - Skipton Building Society

In the, admittedly unlikely, event of no higher offer emerging ITMT, it will go to top spot in the Easy Access ranked-by-rate list 'Top of The Pots' AKA 'ToTP' here.

Also linked in my signature box.

Note: Skipton have been known to make top rate offers NLA before the effective date, so you may need to get your skates on if you might want it.

TiVo_Lad

soulsaver said:

Note: Skipton have been known to make top rate offers NLA before the effective date, so you may need to get your skates on if you might want it.

Neither the Account Terms or the General Terms state the time period for the account to be funded before it's closed. Does anyone have that info? I've opened one of these just in case it gets withdrawn but don't want to fund it until next week when the rate goes up

2010

soulsaver said:

Skipton  BS Triple Access Iss6 will pay 3.10% from 13/02. £5k to open/for the rate? Triple Access Saver - Skipton Building Society

In the, admittedly unlikely, event of no higher offer emerging ITMT, it will go to top spot in the Easy Access ranked-by-rate list 'Top of The Pots' AKA 'ToTP' here.

Also linked in my signature box.

Note: Skipton have been known to make top rate offers NLA before the effective date, so you may need to get your skates on if you might want it.

If you open it now at 2.65% will they upgrade it to 3.10% on the 13th Feb ?

Bridlington1

2010 said:

soulsaver said:

Skipton  BS Triple Access Iss6 will pay 3.10% from 13/02. £5k to open/for the rate? Triple Access Saver - Skipton Building Society

In the, admittedly unlikely, event of no higher offer emerging ITMT, it will go to top spot in the Easy Access ranked-by-rate list 'Top of The Pots' AKA 'ToTP' here.

Also linked in my signature box.

Note: Skipton have been known to make top rate offers NLA before the effective date, so you may need to get your skates on if you might want it.

If you open it now at 2.65% will they upgrade it to 3.10% on the 13th Feb ?

Yes they will.

2010

Bridlington1 said:

2010 said:

soulsaver said:

Skipton  BS Triple Access Iss6 will pay 3.10% from 13/02. £5k to open/for the rate? Triple Access Saver - Skipton Building Society

In the, admittedly unlikely, event of no higher offer emerging ITMT, it will go to top spot in the Easy Access ranked-by-rate list 'Top of The Pots' AKA 'ToTP' here.

Also linked in my signature box.

Note: Skipton have been known to make top rate offers NLA before the effective date, so you may need to get your skates on if you might want it.

If you open it now at 2.65% will they upgrade it to 3.10% on the 13th Feb ?

Yes they will.

Thanks for that.
Leaving Marcus, fed up waiting for them to react to these increases.

Band7

2010 said:

soulsaver said:

Skipton  BS Triple Access Iss6 will pay 3.10% from 13/02. £5k to open/for the rate? Triple Access Saver - Skipton Building Society

In the, admittedly unlikely, event of no higher offer emerging ITMT, it will go to top spot in the Easy Access ranked-by-rate list 'Top of The Pots' AKA 'ToTP' here.

Also linked in my signature box.

Note: Skipton have been known to make top rate offers NLA before the effective date, so you may need to get your skates on if you might want it.

If you open it now at 2.65% will they upgrade it to 3.10% on the 13th Feb ?

yes but you need to open with £5k min, and maintain a min £5k balance. Alternatives with better rates, lower min balance but perhaps slightly worse access are some Notice accounts or 1 year fixes

2010

Also looking at Sainsbury`s defined triple at 3.05% min £1K.
(£1 to £999 @ 1.05%)

https://www.sainsburysbank.co.uk/savings/sav_definedsaver_skip

mebu60

2010 said:

Also looking at Sainsbury`s defined triple at 3.05% min £1K.
(£1 to £999 @ 1.05%)

https://www.sainsburysbank.co.uk/savings/sav_definedsaver_skip

To soulsaver:
Issue number also needs to be incremented to 39 on TotP.
Hard to keep up with Sainsbury's regular increases I know!
Thanks again for all your efforts, hugely appreciated by many.