The Top Easy Access Savings Discussion Area

EssexHebridean

Eco_Miser said:

EssexHebridean said:

RedImp_2 said:

I’ve had the mail from Marcus about the rate increase others have mentioned +0.2%

Not good enough for me to move money back but good news for those who have stuck with them I guess (& don’t read this forum 😏)

Or indeed those who have stuck with them, and do... 

BTW - someone said earlier about needing to update their bonus every time the rate increases - not sure what that refers to as I certainly don't need to - the bonus applies from a year from when it was last updated. 

You don't NEED to renew the bonus, but you should. As you say the bonus applies from a year from when it was last updated, and when the bonus drops or stops (which has happened in the past) you'd be very annoyed if you last renewed it 11 months ago.

Absolutely agree - but the poster I was referring to seemed to be under the impression they had to renew it, rather than just choosing to. 

I was one if those who had renewed mine literally the day before they withdrew the option, a few months ago, 😁

Aidanmc

Does Skipton process withdrawals over bank holiday/weekends, from tracker saving acc or will it be Tuesday now

Middle_of_the_Road

Aidanmc said:

Does Skipton process withdrawals over bank holiday/weekends, from tracker saving acc or will it be Tuesday now

Tested a withdrawal earlier. Quoted leaving date was the 11th

simoncorkswill1

Anyone else checked CHIPS interest calcs ? Being first month with them I can not be certain up to what date their calc applies and I am also not sure of when say the calc starts after deposit ie same day or next day , mine seem way off , have emailed them for a breakdown , just wondered if anyone else had checked .

janusd

it looks like Al Rayan raised their rate to 3.36% last night.

Krakkkers

Fordmoney falling well behind now, may have to move my money next week.

flaneurs_lobster

simoncorkswill1 said:

Anyone else checked CHIPS interest calcs ? Being first month with them I can not be certain up to what date their calc applies and I am also not sure of when say the calc starts after deposit ie same day or next day , mine seem way off , have emailed them for a breakdown , just wondered if anyone else had checked .

Some comments around this here

https://forums.moneysavingexpert.com/discussion/comment/79974916/#Comment_79974916

Band7

simoncorkswill1 said:

Anyone else checked CHIPS interest calcs ? Being first month with them I can not be certain up to what date their calc applies and I am also not sure of when say the calc starts after deposit ie same day or next day , mine seem way off , have emailed them for a breakdown , just wondered if anyone else had checked .

There is a discussion about CHIP interest calculation and payment etc in a separate thread and I would suggest you take any concerns over there.

Suffice to say, saying their calcs are way off seems way off 

AmityNeon

simoncorkswill1 said:

Anyone else checked CHIPS interest calcs ? Being first month with them I can not be certain up to what date their calc applies and I am also not sure of when say the calc starts after deposit ie same day or next day , mine seem way off , have emailed them for a breakdown , just wondered if anyone else had checked .

Interest is calculated on the closing balance each day. Interest periods start from the last day of month 1 to the second-last day of month 2, and interest is paid on the fourth working day of month 3. E.g. The most recent interest payment on 6th Apr was for the period covering 28th Feb to 30th Mar inclusive.

SJMALBA

I opened an EA account with Secure Trust Bank on the morning of the 30th March - at the end of the process, there was a message along the lines of (IIRC) 'application complete, some checks to run, we'll be in touch within 5 working days' - to date, no contact of any kind from then, not even a 'welcome' email... are they always this slow? Or does it sound like something has gone wrong?