The Top Easy Access Savings Discussion Area

TisMeBill

Chip instant access now matching Zopa 95 day pot at 3.55% AER, I suspect if Zopa don't increase their rates a lot of money will be withdrawn from them.

simoncorkswill1

sturgeon said:

Thank you. When withdrawing is it only to your debit card? And still instant? Every savings account I’ve had is a bank transfer withdrawal so the debit card number appearing when withdrawing has thrown me. 

The transfers are instant and seemingly without limit , but maybe I haven’t pushed the boundaries on that , the money will go straight into your current account which is linked to your debit card , I’ve had no complaints so far .

sturgeon

simoncorkswill1 said:

sturgeon said:

Thank you. When withdrawing is it only to your debit card? And still instant? Every savings account I’ve had is a bank transfer withdrawal so the debit card number appearing when withdrawing has thrown me. 

The transfers are instant and seemingly without limit , but maybe I haven’t pushed the boundaries on that , the money will go straight into your current account which is linked to your debit card , I’ve had no complaints so far .

Thanks, just tried and it really is instant. Very impressive. Still showing as 3.4% though in the app so I expect it’ll update today?

GalacticaActual

Did Marcus increase its interest rate overnight?

It’s showing 3.20%/3.16% (including the 0.25% bonus rate) this morning 🤔 

Bridlington1

May be worth noting that YBS's rainy day saver rises to 3.6% today, though it is limited to 2 withdrawals per year so just about beats Chip by 0.05%.

poppystar

GalacticaActual said:

Did Marcus increase its interest rate overnight?

It’s showing 3.20%/3.16% (including the 0.25% bonus rate) this morning 🤔 

Haven’t logged in to my Saga account but it too is now showing as 3.2% on Saga savings page, so I guess the answer is yes🙂.

Really would like NS&I to do something with their interest rates now..

GalacticaActual

poppystar said:

GalacticaActual said:

Did Marcus increase its interest rate overnight?

It’s showing 3.20%/3.16% (including the 0.25% bonus rate) this morning 🤔 

Haven’t logged in to my Saga account but it too is now showing as 3.2% on Saga savings page, so I guess the answer is yes🙂.

Really would like NS&I to do something with their interest rates now..

There might be an announcement from NS&I about their interest rates any day now.
During the next financial year, which starts on 6th April, NS&I will have to rake in 25 per cent more than its current £6 billion for this year (2022/23).

The Government has tasked NS&I with attracting £7.5 billion from savers in the next 12 months, despite its recent struggles to stop people leaving for better deals elsewhere.

The 7.5 billion reasons why NS&I will have to raise rates | Daily Mail Online

2010

Marcus has had it`s day.
It lags behind rate rises and then wants you to update your bonus rate for every rise.
I`m withdrawing my final £1.

soulsaver

Bridlington1 said:

May be worth noting that YBS's rainy day saver rises to 3.6% today, though it is limited to 2 withdrawals per year so just about beats Chip by 0.05%.

The 3.6% is up to £5k, then 3.1% on balances over. So 3.15% blended @ £50k

4justice2

GalacticaActual said:

Did Marcus increase its interest rate overnight?

It’s showing 3.20%/3.16% (including the 0.25% bonus rate) this morning 🤔 

My app has been down for maintenance all night, still down. But logged in on website and sure enough gone up, but still 0.05% below Santander!
*****Edit- my app now working again***