The Top Easy Access Savings Discussion Area

Swipe

Middle_of_the_Road said:

Swipe said:

GalacticaActual said:

Nationwide Building Society have finally published their new interest rates, applicable from 1st April 2023:

https://www.nationwide.co.uk/-/assets/nationwidecouk/documents/savings/branch-notices/smd648-changes-to-savings-accounts-1-april-2023.pdf?rev=3a594c2792c544e19b86baeda1f1ecf0

https://www.nationwide.co.uk/news-and-stories/bank-of-england-increases-base-rate/

No increase for my flex saver issue 2 account still only paying 2.25% Just as well I only have £5K in there for emergencies only.

Could you use their Tripple access saver for this? Will be going up to 3%

Yep, thanks, I'll have a look through what they have available.

allegro120

jimexbox said:

And zopa 31 day 3.45 

And 7 days' 3.38%

allegro120

cricidmuslibale said:

savethepandas said:

Apologies, very off-topic.

The likely reason Nationwide can't offer the top savings rates is due to the high cost of keeping those branches open and staffed. Higher rates for savers need higher rates for borrowers.  I'm fine with using branchless online banks, but others aren't.

It's a choice, and I'm in favour of choice.

When I last visited them, I queried the lack of savings rate increase and I got a united front of 'We are prioritising keeping mortgage rates low'. Pointed out I didn't have a mortgage, the response was basically 'Tough'.

When Nationwide releases its next set of adverts for TV, radio etc, I wonder if they will be honest enough to say “We’re here for you, we’re on your side, but only if you take out a mortgage with us, and certainly not if you save with us!”

Well, if they don't need us - we don't need them (plenty of good offers on savings market at the moment

allegro120

SeriousHoax said:

fly-catchers said:

Zopa now 3.34% for easy access. And 3.55% for the 95 day account.

Hopefully Tandem will follow.

Yes, Tandem was quiet for some time.  I hope somebody will match Chip's 3.4% soon.

jaypers

Loving Zopa more and more each month

PloughmansLunch

jaypers said:

Loving Zopa more and more each month

I'd love them even more if laddering 95-day pots was allowed again

Bridlington1

jaypers said:

Loving Zopa more and more each month

Though I'm not loving their savings rates enough to move any of my money to them.

Zaul22

That's a pretty disappointing update from Zopa. The difference between instant and 7 days is smaller than usual and it's still below the -0.9 tracker. 

S_uk

Zaul22 said:

That's a pretty disappointing update from Zopa. The difference between instant and 7 days is smaller than usual 

The difference in rate between instant access and the 7 day pot is the same as before today's rate changes.

OceanSound

jaypers said:

Loving Zopa more and more each month

Sold. I will try Zopa. Already with Atom. Once Zopa account is open I m gonna deposit £2000 and keep equal amount in atom. 

Monitor both for a couple of months then decide where to keep most of it. Probably end up keeping a few pounds in the account that 'didnt win', in case there is a change of interest rate on that account. Then it'll be a case of moving money to that account rather than opening new account and moving funds.