The Top Easy Access Savings Discussion Area

Barkin

TiVo_Lad said:

Barkin said:

Thanks, but it still makes no sense to me. You're not 'grabbing the rate' are you?

That's exactly what I'm doing. More and more organisations have gone down the "Issue" route whereby a specific rate only applies to a specific issue of a product. Products are also typically available for a fixed period until the financial institution meets their funding goal. So I've now got that issue at that rate. If it stays competitive, then I'll use it. If it falls off a cliff then I won't. Nothing lost.

This is the bit that I don't quite get. 
If you think it's a good rate now, (presumably that's why you opened it) why not fund it now? Why wait? Then if/when it becomes uncompetitive, shift it elsewhere. 

Sorry to labour this, but I just can't see the attraction of a long funding window for this type of account. 

Maybe it's just me 

explorerm

jaceyboy said:

Bigwheels1111 said:

Bye Bye Chip welcome Coventry

Im waiting for Chip too and have a feeling they wont be raising their rates, so Im going to open a joint account with Shawbrook I think...although I hate the way you have to wait to do withdrawals

I think CHIP are performing an upgrade overnight tonight, I saw a message in the CHIP app last night (although can't see it now) could be an increase?

TiVo_Lad

Barkin said:

If you think it's a good rate now, (presumably that's why you opened it) why not fund it now?

Simply because I don't need to as it's no better (nor any worse) than the other accounts I have. I wouldn't gain by moving funds from A -> B for the same rate. But it might be better in the future (the 90 day window). See it as an insurance policy, if you will.

Barkin

Hmmmmm... 

Steve_xx

Barkin said:

Hmmmmm... 

I wish users wouldn't post this type of thing. Subscribers to the forum each receive an email link to this. There's zero content, and therefore zero benefit to anybody.

ForumUser7

Steve_xx said:

Barkin said:

Hmmmmm... 

I wish users wouldn't post this type of thing. Subscribers to the forum each receive an email link to this. There's zero content, and therefore zero benefit to anybody.

Profile -> Edit Profile -> Notification Preferences

You can then turn off email notifications- I did a while ago

Steve_xx

ForumUser7 said:

Steve_xx said:

Barkin said:

Hmmmmm... 

I wish users wouldn't post this type of thing. Subscribers to the forum each receive an email link to this. There's zero content, and therefore zero benefit to anybody.

Profile -> Edit Profile -> Notification Preferences

You can then turn off email notifications- I did a while ago

Well yes, I could do that. But I want to read the informative stuff. 

jaceyboy

explorerm said:

jaceyboy said:

Bigwheels1111 said:

Bye Bye Chip welcome Coventry

Im waiting for Chip too and have a feeling they wont be raising their rates, so Im going to open a joint account with Shawbrook I think...although I hate the way you have to wait to do withdrawals

I think CHIP are performing an upgrade overnight tonight, I saw a message in the CHIP app last night (although can't see it now) could be an increase?

They told me its simply an email to tell you if the rate changes, going to give them until the end of the week then will make my decision

Givens

Is Chip the highest paying account that can be accessed via an app?

BigBlueSky

Givens said:

Is Chip the highest paying account that can be accessed via an app?

Gatehouse can be accessed via an app and they are paying 3.90%