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The Top Easy Access Savings Discussion Area
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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.1
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Another BOE 25bps confirmed5
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Does anyone know what time chip calculate the interest for that day?0
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Its now re-appeared.GalacticaActual said:
Here’s hoping! 🤞Bridlington1 said:
I hope this is a sign they've got some nice savings rates increases in the pipeline.GalacticaActual said:According to the Coventry Building Society website this morning (8 am), the Bank of England has increased interest rates today
🤷🏻♂️
The banner, on the Coventry website, has now disappeared 👀2 -
General question inspired by this:Grownglow said:Does anyone know what time chip calculate the interest for that day?
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?0 -
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.I no longer check the forums as regularly as I used to. If you wish to catch my attention please remember to tag me (@ircE) so I get a notification.11
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YBS Increasing rates from 5th April - finally
https://www.ybs.co.uk/documents/productdata/YBM1607RC.pdf
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.12 -
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.2
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Rainy day saver raising to 3.6%. I'll bung £5k in it next month.ForumUser7 said:YBS Increasing rates from 5th April - finally
https://www.ybs.co.uk/documents/productdata/YBM1607RC.pdf4
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