The Top Easy Access Savings Discussion Area

wiseonesomeofthetime

I know, but I cba, unless they have changed the faff around the nominated account.

Previously, I had to send a paper statement to them as verification account in my name. Couldn't do it electronically.

Still have the passbook for the closed account as a sort of piece of nostalgia of my childhood

Bridlington1

wiseonesomeofthetime said:

I know, but I cba, unless they have changed the faff around the nominated account.

Previously, I had to send a paper statement to them as verification account in my name. Couldn't do it electronically.

Still have the passbook for the closed account as a sort of piece of nostalgia of my childhood

When I changed my nominated account in March they verified it electronically. It only took them a few days so I never had to send any statements or anything. It was around this time they returned to me the statement I had sent to them back in November to prove my original nominated account.

flobbalobbalob

Bridlington1 said:

wiseonesomeofthetime said:

pecunianonolet said:

Bridlington1 said:

Gatehouse EA account will be rising to 3.83% (monthly interest). Source: email.

JimLad said:

Very surprised Chip havent upped their rate yet

Got the email as well. Will wait until late afternoon if Chip is going to make a move but if not cash is going to be parked with Gatehouse, at least over the weekend.

Interesting that you'd consider moving funds for 0.01% extra 🤔

Why not? I would (and have done in the past for less than 0.1% as evidenced by my posts earlier in this thread). It takes very little effort to move the money if you have the account already.

If I had any money that wasn't in regular savers/tracker accounts I'd be shifting some money to Gatehouse once again but at the moment the whole lot is at 4.25% or above barring a few accounts with minimum balances so Gatehouse will remain at £1 for now.

Will you loose some interest while your money is in the ether ?

Bigwheels1111

I have 20K awaiting Chips rate rise.

Or off to gatehouse it is.

wiseonesomeofthetime

Bigwheels1111 said:

I have 20K awaiting Chips rate rise.

Or off to gatehouse it is.

⏳

Zaul22

Chip had their first profitable month ever in May. Good news for all the people who were concerned about their FSCS status, but they might get a bit slower at raising rates unless people do move out every time their rates get beaten.

wiseonesomeofthetime

Bigwheels1111 said:

I have 20K awaiting Chips rate rise.

Or off to gatehouse it is.

Did you press the button, or hold till Monday? 🤔😁

Bigwheels1111

wiseonesomeofthetime said:

Bigwheels1111 said:

I have 20K awaiting Chips rate rise.

Or off to gatehouse it is.

Did you press the button, or hold till Monday? 🤔😁

Holding until Monday.

smiley2085

I've gone to Gatehouse 😁

jaceyboy

Ive got £76k in Chip and waiting for them to raise their rates, I agree with above they arent so fast now to raise and be the benchmark rate, if they dont I will be pulling mine out, does anyone know why we get a lesser rate when signing up for monthly interest?