The Top Easy Access Savings Discussion Area

patpalloon

Marcus have raised their rate from 2.5 to 2.8% - including the bonus.

Nick_C

patpalloon said:

Marcus have raised their rate from 2.5 to 2.8% - including the bonus.

To quote Martin Lewis "Earning less than 3%? Ditch and switch." 

Section62

Ford Money Flexible Saver moves to 2.9% (annual) effective today -

https://www.fordmoney.co.uk/savings-products/flexible-saver

subjecttocontract

Nick_C said:

patpalloon said:

Marcus have raised their rate from 2.5 to 2.8% - including the bonus.

To quote Martin Lewis "Earning less than 3%? Ditch and switch." 

Absolutely bonkers.
So ditch 2.8% for 3.0%
£10K would give another £20 a year
£50K another £100 a year.
I really couldn't be bothered......I'd wait until there is a higher rate to make the effort worthwhile.
I despair at Martin Lewis comments sometimes !

jaypers

subjecttocontract said:

Nick_C said:

patpalloon said:

Marcus have raised their rate from 2.5 to 2.8% - including the bonus.

To quote Martin Lewis "Earning less than 3%? Ditch and switch." 

Absolutely bonkers.
So ditch 2.8% for 3.0%
£10K would give another £20 a year
£50K another £100 a year.
I really couldn't be bothered......I'd wait until there is a higher rate to make the effort worthwhile.
I despair at Martin Lewis comments sometimes !

I understand exactly where you are coming from but I disagree. It takes very little effort to move money around. For me, I’ve started to draw the line at opening any more accounts as I have a lot……some with 1p in. I suspect the majority of people just stick with 1 institution and these are the people who would be happy with Marcus’s increase today. For most of us on here, we tend to move cash around.

2010

patpalloon said:

Marcus have raised their rate from 2.5 to 2.8% - including the bonus.

I was that fed up waiting for Marcus that I moved the lot yesterday.
2.8% is hardly competing when 3% plus is available.

SonOfPearl

Tesco Bank Internet Saver now pays 2.9% (0.7% standard rate plus 2.2% bonus for 1 year). 

https://www.tescobank.com/savings/flexible/internet-saver/

flobbalobbalob

I moved my stuff out of Marcus ages ago and now I am not better off by £20 or £100 but by 0.2% - it all depends how much you had in it. 

liamcov

Does Tandem pay interest monthly (set day or based on when opened) or annually?

pearl123

subjecttocontract said:

Absolutely bonkers.
So ditch 2.8% for 3.0%
£10K would give another £20 a year
£50K another £100 a year.
I really couldn't be bothered......I'd wait until there is a higher rate to make the effort worthwhile.
I despair at Martin Lewis comments sometimes !

For some, people £20 could make a difference.  For a single person, it could be a weeks food.