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Comments

  • pecunianonolet
    pecunianonolet Posts: 2,016 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    edited 21 February 2023 at 11:37AM
    merchant_ac said:
    Al Rayan have increased the rate of their Everyday Saver (Issue 3) to 3.05% (from 2.81%).
    That's 3.09% AER according to this calculator
  • Bridlington1
    Bridlington1 Posts: 4,673 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    merchant_ac said:
    Al Rayan have increased the rate of their Everyday Saver (Issue 3) to 3.05% (from 2.81%).
    About time too. It looks like Al Rayan's back in business.
  • Band7
    Band7 Posts: 2,285 Forumite
    1,000 Posts Name Dropper
    Bridlington1 said:
    merchant_ac said:
    Al Rayan have increased the rate of their Everyday Saver (Issue 3) to 3.05% (from 2.81%).
    About time too. It looks like Al Rayan's back in business.
    Too late as far as I am concerned. There’s no chance I would now move back any money from CHIP or Skipton, both of which pay better interest and are quicker, in and out. 

    Anyone else moving back?
  • pecunianonolet
    pecunianonolet Posts: 2,016 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    Band7 said:
    Bridlington1 said:
    merchant_ac said:
    Al Rayan have increased the rate of their Everyday Saver (Issue 3) to 3.05% (from 2.81%).
    About time too. It looks like Al Rayan's back in business.
    Too late as far as I am concerned. There’s no chance I would now move back any money from CHIP or Skipton, both of which pay better interest and are quicker, in and out. 

    Anyone else moving back?
    Nope, Skipton for me until further notice and at least until end of tax year due to monthly interest payments. From April I will consider annual interest accounts again.
  • AmityNeon
    AmityNeon Posts: 1,085 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    Too little too late for Al Rayan.

    3.09% AER is insufficient, especially considering transactions are limited to business hours.
  • GalacticaActual
    GalacticaActual Posts: 383 Forumite
    Fourth Anniversary 100 Posts Newshound! Photogenic
    edited 21 February 2023 at 1:41PM



    Thanks for the update SeriousHoax. Just received an email from Chip confirming same and the app shows the new rate too.

    I like the way the app shows the accrued interest to date, updated on a daily basis.

    We're always aiming to keep the Chip Instant Access Account rate highly competitive. 
    So, we’ve just taken it to the top of the easy-access savings tables and have raised your interest rate to 3.15% AER.
    This new higher rate is effective immediately, and from today (21 February 2023) all deposits will accrue interest at the rate of 3.15% AER - with your interest paid monthly as per usual. 


  • alwall
    alwall Posts: 1 Newbie
    Sixth Anniversary First Post
    Shawbrook needed a nudge to pay me  the correct interest rate.
    I noticed that they were paying me 2.28% instead of the 3.02% monthly interest advertised (3.06% Annually) . 
    Needed both a secure message and a phone call before they sorted it out
  • ForumUser7
    ForumUser7 Posts: 2,585 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    alwall said:
    Shawbrook needed a nudge to pay me  the correct interest rate.
    I noticed that they were paying me 2.28% instead of the 3.02% monthly interest advertised (3.06% Annually) . 
    Needed both a secure message and a phone call before they sorted it out
    IIRC - Shawbrook releases new issues with higher rates, but does not increase the old issues. Therefore, customers do have to message them to get the rate increased. 
    If you want me to definitely see your reply, please tag me @forumuser7 Thank you.

    N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
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