The Top Easy Access Savings Discussion Area

guli

StayinAlive said:

AmityNeon said:

3.56% = 3.56 / 100 = 0.0356
((0.0356 / 12) + 1)^12 = 1.036186656
1.0362 - 1 = 3.62%

x^12 = multiplying x by itself 12 times (monthly compounding)

Can anyone help an innumerate to work out the opposite of this i.e. "unraising to power of 12", into a formula to convert AER back to monthly that excel would understand.

AER to Gross -> Gross  = 12*((1+AER)^(1/12)-1)
Gross to AER -> AER = ((1+Gross/12)^12)-1

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!

Saver73

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

Saver73 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:

Saver73 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:

Saver73 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:

Saver73 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:

Saver73 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