The Top Easy Access Savings Discussion Area

ForumUser7

That's great, thanks to both of you

littlemissbossy

Shawbrook EA up to 3.36%

Sorry if already been noted. 

fourmarks

Band7 said:

ChewyyBacca said:

IMP to note that 
Charter easy access Issue 36 product has a tiered interest rate
balance of £1-4999 = 0.1%
balance of £5000 onwards = 3.35%

I wonder who does not want to earn interest on the first 5K

provided your balance is at least £5k, you earn 3.35% on your entire balance

I think it was a tongue in cheek remark regarding who on earth would put, say, £4000, into such an account and earn 0.1%.

Zaul22

Do YBS use the nominated account system or can you withdraw to any account?

grumbler

Zaul22 said:

Do YBS use the nominated account system or can you withdraw to any account?

The latter. At least I have two payees in my list.

I-LOV-MONEY

david72 said:

Just to note that, if it was quite a few years ago, the current Leeds BS (formerly called the Leeds and Holbeck BS) might not be the Leeds BS that you saved with back then (which was a completely different building society, formerly and formally the Leeds Permanent Building Society, which, since 1995, has been subsumed into what is now Lloyds HBoS).

Racking my brain (moving grey matter that hasn't been moved in  years!!).  I think 'my Leeds' was probably the Leeds Permanent Building Society.

I worked in Southgate (N London) then, and I think they also had a branch in Golders Green (NW London).

I-LOV-MONEY

Bridlington1 said:

I rather enjoyed doing a spot of time travelling.

Oh well if there's going to be a similar bug when the clocks go back then get set to travel back to 1953 in October. 

Anybody know what the interest rates were like in 1953 - before I build my time machine!!

ForumUser7

I-LOV-MONEY said:

Bridlington1 said:

I rather enjoyed doing a spot of time travelling.

Oh well if there's going to be a similar bug when the clocks go back then get set to travel back to 1953 in October. 

Anybody know what the interest rates were like in 1953 - before I build my time machine!!

BR was 3.5%, so easy access rates were probably pretty decent - not necessarily as good as they are now though

phillw

jak22 said:
The comment was suggesting that as the PO account contains a large bonus element so the rate drops sharply after 12 months it was a trick. The Santander eSaver Limited Edition (Issue 1) will convert to an Everyday Saver currently 0.7% in around 6 months time https://www.santander.co.uk/assets/s3fs-public/documents/esaver_key_facts_document_oct_22h2.pdf - this has nothing to do with rate changes for the eSaver during its 12 months term. 

And I'm saying that Santander can make a business decision in 6 months time to not have them convert to an Everyday Saver paying 0.7%

In the same way we've seen rates increase on fixed rate accounts.

Whether they will is up to them.

jaypers

phillw said:

jak22 said:
The comment was suggesting that as the PO account contains a large bonus element so the rate drops sharply after 12 months it was a trick. The Santander eSaver Limited Edition (Issue 1) will convert to an Everyday Saver currently 0.7% in around 6 months time https://www.santander.co.uk/assets/s3fs-public/documents/esaver_key_facts_document_oct_22h2.pdf - this has nothing to do with rate changes for the eSaver during its 12 months term. 

And I'm saying that Santander can make a business decision in 6 months time to not have them convert to an Everyday Saver paying 0.7%

In the same way we've seen rates increase on fixed rate accounts.

Whether they will is up to them.

Their loss as everyone with a modicum of common sense would move all their money out when this happens. Perhaps they just wanted some extra liquidity for a short term, although in the grand scheme of things it wouldn’t be a lot for a large Bank. They seem pretty switched off as their Reg E-Saver still only 2.75%. Virgin M Plus Saver also still pants at 2.52%.