The Top Easy Access Savings Discussion Area

savethepandas

soulsaver said:

NLA: Newcastle Tri Iss4 3.05% (22/02) Newcastle Triple Access Saver (Issue 4) 

Links checked, ToTP updated.

Thanks for your hard work with this, noticed your BoE date is still in December.

janusdesign

savethepandas said:

Charter Savings Bank Easy Access issue 28 rate rising from 3% to 3.25%on 27th Feb.

looking at their PDF, it looks like all issues 29 and below are moving to 3.25%; Iss 31 & 32 are 2.89% and Iss 30 is 2.60%.

Band7

ranciduk said:

GalacticaActual said:

HSBC are increasing some of their interest rates from 2nd March 2023.

Of note, the Online Bonus Saver will receive a 0.25 percent rate rise to 3.25 percent for amounts under £10,000, including bonuses.

https://www.msn.com/en-gb/money/other/hsbc-announces-increase-to-interest-rate-across-five-savings-accounts/ar-AA17MZ5z?ocid=msedgntp&cvid=a092f370ef7143ce9112561557ffaf21

Thanks for that

of course you only get that rate if you make zero withdrawals each month 

Absolutely. This HSBC account should always come with a big health warning. If you can treat it a bit like a 30ish day Notice account, where the withdrawal date should always be the day they pay interest (1st, or next working day after 1st).

To skim off the monthly interest, it is possible to use Chat to request closure of an OBS after you have emptied it. They'll close it within 24 hours, and you can then immediately open a new OBS. Bit of a faff, so you may decide to settle for the lower rate on the monthly interest.

BlackthornU

Al Rayan Bank Everyday Saver (Issue 3) now 3.05%. Min deposit to get that rate is £5K
Up from 2.81%

Band7

Charter EASY ACCESS ISSUE 28 and EASY ACCESS ISSUE 29 will increase to 3.25% Gross (3.25% AER) on 27 February 2023. This will happen automatically, there’s nothing you need to do.

If your balance is under the minimum* applicable to this account, the interest rate will remain at 0.10% AER

*£5,000, IIRC, but account no longer available for new applicants

t33

janusdesign said:

savethepandas said:

Charter Savings Bank Easy Access issue 28 rate rising from 3% to 3.25%on 27th Feb.

looking at their PDF, it looks like all issues 29 and below are moving to 3.25%; Iss 31 & 32 are 2.89% and Iss 30 is 2.60%.

Is this designed to catch people out who have issue 30 (up from 2.35 in a congratulatory email) and don't constantly check all other rate offerings??  =(

mebu60

Band7 said:

Charter EASY ACCESS ISSUE 28 will increase to 3.25% Gross (3.25% AER) on 27 February 2023. This will happen automatically, there’s nothing you need to do.

If your balance is under the minimum* applicable to this account, the interest rate will remain at 0.10% AER

*£5,000, IIRC, but account no longer available for new applicants

Correct, £5k for the higher rate. Below that = 0.1%. 

AmityNeon

BlackthornU said:

Al Rayan Bank Everyday Saver (Issue 3) now 3.05%. Min deposit to get that rate is £5K
Up from 2.81%

The rate increase was from yesterday, and there is no minimum operating balance to earn the full rate of profit. £5K is only required to open the account.

Malchester

Opened Kroo account yesterday with some trepidation after the problems when the account was launched. The whole process from downloading the app, through setting account up, to sending ID, to account being approved, to funding it took no more than 10 minutes. Have to say have been very impressed. A transfer in today was paused while they asked me a couple of questions which I answered immediately and the transfer went through in 30 seconds after their query.

tg99

Kent Reliance has a cut off time to receive withdrawn funds by end of same working day…..in practice does anyone know if a pre-cut off withdrawal arrives in your current account pretty quickly within say 10-20 mins like Skipton withdrawals?