The Top Easy Access Savings Discussion Area

mebu60

ranciduk said:

Shawbrook raise their EA account 

now on website:

Gross

3.26% Annually

3.21% Monthly

Annoying. Cleared it out last week to Gatehouse 3.2%! If they took a leaf out of Coventry / YBS playbook and announced in advance they would have retained that large balance. 

Glad Aldermore have finally caught up too as I left a modest balance in there after the last cull. Was on the list to revisit if no movement by next week. 

patpalloon

refluxer said:

patpalloon said:

ranciduk said:

Shawbrook raise their EA account 

now on website:

Gross

3.26% Annually

3.21% Monthly

Mine is still showing as 3.02%

If you're on issue 33 (the latest issue) then the rate should update automatically but if you're on a previous issue then you might have to switch to issue 33 to get the higher rate if they don't apply the increase to previous issues.

I have issue 33 I guess it will show soon. I'm in the process of moving money from shawbrook to Santander now at the same rate - so think I will continue as money more accessible there. Shawbrook are slow to withdraw from.

TiVo_Lad

Family Building Society Online Saver Issue 5 now available at 3.26% matching Shawbrook, but max £25K withdrawal per day

https://www.familybuildingsociety.co.uk/savings/easy-access-savings/product-detail/online-saver-(5)

@soulsaver

jak22

There's no real reason to be annoyed that banks are responding to to a BoE rise by increasing their rates in the days after and most dont give notice - which is really just some more weeks of delay and with Marcus its the day before the next BoE. Coventry and YBS didnt raise by much last time and Santander not for 6 months so all were possibly due a rise. While its not a good idea to keep money at poor rates for weeks but at least allow a few days before shuffling funds as there's a fair bit of competition to be 0.01% higher than others while still being 1% below BoE.

SeriousHoax

Dear Marcus my £1 is still looking lonely.😒

pearl123

SeriousHoax said:

Dear Marcus my £1 is still looking lonely.😒

Marcus is a Tortoise! I wonder, if they'll ever catch up. 

2010

Marcus is a hare compared to Nationwide.

Zerforax

Seems a lot of banks are bunching around 3.20-3.25%

Wonder who will break rank and jump forward!

infoadict

Kroo going to 3.33% will be above the 3.25% group

OceanSound

I saw many posts about Santander's attractive rate on here a few days ago. 

Please note some forumites have experienced issues (in the form of random locks/blocks) moving money out of a Santander account to other bank/Fintech accounts:

https://forums.moneysavingexpert.com/discussion/comment/79952884#Comment_79952884

Taking many a phone calls and days to unlock/unblock.

Just something to bear in mind.