The Top Easy Access Savings Discussion Area

t1redmonkey

SeriousHoax said:

OK here goes the last time I praised chip they put up their interest rates.

Dear Chip I love you so much & since its the coronation weekend is there any chance you could give your customer's a little interest boost.❤️😍❤️😍

Very wishful thinking since their rate is still the top one so no real reason for them to bother increasing yet

SeriousHoax

Pompeydave1967 said:

SeriousHoax said:

OK here goes the last time I praised chip they put up their interest rates.

Dear Chip I love you so much & since its the coronation weekend is there any chance you could give your customer's a little interest boost.❤️😍❤️😍

Could you do your magic on Atom please SeriousHoax 

Atom are like Marcus nowadays (poor)
I've only got £1 in there account now.🤤

OceanSound

SeriousHoax said:

Pompeydave1967 said:

SeriousHoax said:

OK here goes the last time I praised chip they put up their interest rates.

Dear Chip I love you so much & since its the coronation weekend is there any chance you could give your customer's a little interest boost.❤️😍❤️😍

Could you do your magic on Atom please SeriousHoax 

Atom are like Marcus nowadays (poor)
I've only got £1 in there account now.🤤

Pleased that I didnt jump on that bandwagon - Goldman Sachs's evil sprog!

[Deleted User]

Strombidae said:

Ford Money Flexible Saver increased to 3.45% from today.

My Ford Flexible Saver is now the same rate as my Ford Fixed 2 Year Saver! 

allegro120

[Deleted User] said:

Strombidae said:

Ford Money Flexible Saver increased to 3.45% from today.

My Ford Flexible Saver is now the same rate as my Ford Fixed 2 Year Saver! 

My Al Rayan 1 year fixed is now 1.29% lower than my Al Rayan Everyday Saver.

RG2015

allegro120 said:

[Deleted User] said:

Strombidae said:

Ford Money Flexible Saver increased to 3.45% from today.

My Ford Flexible Saver is now the same rate as my Ford Fixed 2 Year Saver! 

My Al Rayan 1 year fixed is now 1.29% lower than my Al Rayan Everyday Saver.

Same with my 2.15% 1 year Ford Money saver maturing at the end of May.

1.30% less than the Ford Money Flexible saver.

allegro120

RG2015 said:

allegro120 said:

[Deleted User] said:

Strombidae said:

Ford Money Flexible Saver increased to 3.45% from today.

My Ford Flexible Saver is now the same rate as my Ford Fixed 2 Year Saver! 

My Al Rayan 1 year fixed is now 1.29% lower than my Al Rayan Everyday Saver.

Same with my 2.15% 1 year Ford Money saver maturing at the end of May.

1.30% less than the Ford Money Flexible saver.

This puts me off engaging with anything locked for more than 3 months.

RG2015

allegro120 said:

RG2015 said:

allegro120 said:

[Deleted User] said:

Strombidae said:

Ford Money Flexible Saver increased to 3.45% from today.

My Ford Flexible Saver is now the same rate as my Ford Fixed 2 Year Saver! 

My Al Rayan 1 year fixed is now 1.29% lower than my Al Rayan Everyday Saver.

Same with my 2.15% 1 year Ford Money saver maturing at the end of May.

1.30% less than the Ford Money Flexible saver.

This puts me off engaging with anything locked for more than 3 months.

A year ago Chase easy access was way ahead at 1.50% as it had been from the end of March.

Next came Gatehouse at 1.30% (expected) and Atom at 1.25%. The Ford Money Flexible saver was tenth at 1.00%.

A 2.15% 1 year fix looked quite good then.

allegro120

RG2015 said:

allegro120 said:

RG2015 said:

allegro120 said:

[Deleted User] said:

Strombidae said:

Ford Money Flexible Saver increased to 3.45% from today.

My Ford Flexible Saver is now the same rate as my Ford Fixed 2 Year Saver! 

My Al Rayan 1 year fixed is now 1.29% lower than my Al Rayan Everyday Saver.

Same with my 2.15% 1 year Ford Money saver maturing at the end of May.

1.30% less than the Ford Money Flexible saver.

This puts me off engaging with anything locked for more than 3 months.

A year ago Chase easy access was way ahead at 1.50% as it had been from the end of March.

Next came Gatehouse at 1.30% (expected) and Atom at 1.25%. The Ford Money Flexible saver was tenth at 1.00%.

A 2.15% 1 year fix looked quite good then.

Prior to February-March last year savings rates were plummeting, so it was hard to imagine they will rocket in a matter of such short period of time.  Chase IA offer was revolutionary, at the time I didn't think any bank will match it  

VNX

allegro120 said:

RG2015 said:

allegro120 said:

[Deleted User] said:

Strombidae said:

Ford Money Flexible Saver increased to 3.45% from today.

My Ford Flexible Saver is now the same rate as my Ford Fixed 2 Year Saver! 

My Al Rayan 1 year fixed is now 1.29% lower than my Al Rayan Everyday Saver.

Same with my 2.15% 1 year Ford Money saver maturing at the end of May.

1.30% less than the Ford Money Flexible saver.

This puts me off engaging with anything locked for more than 3 months.

Remember though the comments above people would have fixed before rates really started to tick up quickly so not really a fair comparison of fixing now as I know no one knows or can predict the future but if one were to fix now at 4.8/4.9 I don’t think over the coming two / three years there would be many regrets.

sure you may find you could have got a little more but (obviously Crystal ball stuff) I can’t see fixes keeping going up and up to 5.5/6 onwards and the longer one waits to fix you lose out in the immediate term 

the moment inflation starts to fall or at least the lenders get wind of this / or wind of rate increases pausing or plateauing the best deals will be pulled quickly.

as is always the case it’s all an individual decision we all have to make, based on gut feeling, comments and opinions of those in the know and data.

and of course it’s individual on what one thinks is acceptable.

also the earlier you fix the earlier the fix ends so if rates stay at this level for quite some time it may allow one to fix again next year at an ok rate that may not be available if one waits and waits to fix now 

for me personally I have a range of fixes (some ISA some not) that range in length a with rates between 4.25 and 4.8 I have some money in instant access I am waiting to fix on a one and a two year bond and I’ll need to decide at what point I’m happy to but the bullet with those I’ll see how this month goes with the next rate rise and the comments that accompany that and the April inflation data at end of May but if I have a range of fixes of between 4.25 and say 4.9/5pc whatever happens I’m pretty happy.