The Top Easy Access Savings Discussion Area

GalacticaActual

Bridlington1 said:

GalacticaActual said:

According to the Coventry Building Society website this morning (8 am), the Bank of England has increased interest rates today 🤷🏻‍♂️

I hope this is a sign they've got some nice savings rates increases in the pipeline.

Here’s hoping! 🤞

The banner, on the Coventry website, has now disappeared 👀

Zerforax

No suprise that an increase is coming after the US increased by 0.25% and ECB increased by 0.5% recently. Thought the bank failures would've slowed down but guess not!

Saw some article yesterday which said the banks had made an extra £7 billion by not passing on saving increases, while making more money on their loans/mortgages.

Nick_C

Current official Bank Rate

4.25%

https://www.bankofengland.co.uk/boeapps/database/Bank-Rate.asp

Swipe

Another BOE 25bps confirmed

Grownglow

Does anyone know what time chip calculate the interest for that day?

The_Green_Hornet

GalacticaActual said:

Bridlington1 said:

GalacticaActual said:

According to the Coventry Building Society website this morning (8 am), the Bank of England has increased interest rates today 🤷🏻‍♂️

I hope this is a sign they've got some nice savings rates increases in the pipeline.

Here’s hoping! 🤞

The banner, on the Coventry website, has now disappeared 👀

Its now re-appeared.

Mr._H_2

Grownglow said:

Does anyone know what time chip calculate the interest for that day?

General question inspired by this:

If you had savings accounts with two different institutions, that you can transfer between instantly, and they had, say a 1-hour difference between the times that money has to be in the account in order to earn interest for that day, how many days in a row do you think you could rotate money between the accounts before one or both institutions noticed and got upset about it?

ircE

Remember Skipton's Base Rate Trackers:

Issue 3 (BR-0.9, NLA) should rise to 3.35% from 6th April at the latest (Decision Day +14).

Issue 4 (BR-1.1) should rise to 3.15% from 6th April at the latest.

ForumUser7

YBS Increasing rates from 5th April - finally

https://www.ybs.co.uk/documents/productdata/YBM1607RC.pdf

jak22

Their first increases in nearly 3 months, with timing near the BoE announcement almost as interesting as Marcus. Note the top tiers of their Issue 11/12 Internet Saver Plus will remain 0.1% higher than the available Issue 13 and are still among their accounts that don't have a lower rate for balances above 20K.