The Top Easy Access Savings Discussion Area

schiff

housebuyer143 said:

Doctor_Who said:

SAC2334 said:

Doctor_Who said:

Yep.....3.34% to 3.46%

Zopa 31 day boosted pot is up to 3.6% 

We were discussing the instant (easy) access rate increase of 0.12%. 3.6% for 31 days' notice isn't really anything to shout about either, Chip offer 3.71% for instant (easy) access. I like Zopa and the app works very well, but their rates have fallen well behind the market leaders.

Shame they haven't increased them more. I was not wanting to leave but my Skipton instant access will be paying 3.55% from next week so unfortunately that's me gone.

My Skipton EA up to 3.15% (from 2.91) this morning. Where does 3.55% come from? 

ForumUser7

Newbury BS New Rates effective 1st June

https://newburytest-live-f3d63f7f4dcc44ad8831e6-4e875e3.divio-media.com/filer_public/d8/e4/d8e487bf-f56a-4e00-a86d-19d6894328b1/interest_rate_change_table_wef_1_june_2023.pdf

Existing Member Account from 3.50% -> 3.75%
Welcome to Newbury from 3.30 -> 3.55%
@soulsaver - TOTP?
(@ircE you predicted the new rates correctly!)

wiseonesomeofthetime

schiff said:

housebuyer143 said:

Doctor_Who said:

SAC2334 said:

Doctor_Who said:

Yep.....3.34% to 3.46%

Zopa 31 day boosted pot is up to 3.6% 

We were discussing the instant (easy) access rate increase of 0.12%. 3.6% for 31 days' notice isn't really anything to shout about either, Chip offer 3.71% for instant (easy) access. I like Zopa and the app works very well, but their rates have fallen well behind the market leaders.

Shame they haven't increased them more. I was not wanting to leave but my Skipton instant access will be paying 3.55% from next week so unfortunately that's me gone.

My Skipton EA up to 3.15% (from 2.91) this morning. Where does 3.55% come from? 

I don't know for sure, but my Tracker has gone to 3.60% AER (Annual), so could it be the same account, but monthly interest 🤔

TiVo_Lad

schiff said:

housebuyer143 said:

Doctor_Who said:

SAC2334 said:

Doctor_Who said:

Yep.....3.34% to 3.46%

Zopa 31 day boosted pot is up to 3.6% 

We were discussing the instant (easy) access rate increase of 0.12%. 3.6% for 31 days' notice isn't really anything to shout about either, Chip offer 3.71% for instant (easy) access. I like Zopa and the app works very well, but their rates have fallen well behind the market leaders.

Shame they haven't increased them more. I was not wanting to leave but my Skipton instant access will be paying 3.55% from next week so unfortunately that's me gone.

My Skipton EA up to 3.15% (from 2.91) this morning. Where does 3.55% come from? 

The 3.55% relates to the month rate of the Tracker Account, not the Easy Access

https://www.skipton.co.uk/-/media/skipton-co-uk/pdf/savings/changes-to-variable-accounts.ashx

ForumUser7

Principality Online Double Access Issue 2 -> 3.66% @soulsaver

Rollinghome

dgpur said:

It’s so frustrating to see new accounts with great rates that, in my view, just shouldn’t count here. Minimum amount per withdrawal, or fixed number of times to withdraw, or access by branch and post… so many restrictions. The most I am willing to accept is my new Harpenden 3.69% account which has no limits, but takes forever to show money you’ve deposited. Where are all the challenger banks at the moment? Do none of them need our money?

They're probably overwhelmed. I was thinking of sending a deposit. How long are they taking?

The real test will be withdrawals.

TiVo_Lad

Principality Building Society have launched a Double Access Saver (Issue 2) at 3.66%

• Open online
• Pay in from £1 to £1,000,000
• Interest is paid each year on 1 January
• You can take money out twice every calendar year
• You can close this account at any time but closure counts as a withdrawal

Details at https://www.principality.co.uk/savings-accounts/everyday-savings-accounts/Online-Double-Access

@soulsaver

kaMelo

Is that two withdrawals plus closure or two including closure?

I guess I'm asking if you've made two withdrawals will they block an attempt to close the account until its next year, the terms don't specify what would happen in this scenario.

ForumUser7

kaMelo said:

Is that two withdrawals plus closure or two including closure?

"You can close this account at any time but closure counts as a withdrawal"

Two including closure

AmityNeon

kaMelo said:

Is that two withdrawals plus closure or two including closure?

As closing the account counts as taking money out, you can only close the account if you have not already taken money out twice in the current calendar year. If you have, you cannot close the account until the next calendar year.