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The Top Easy Access Savings Discussion Area
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Gatehouse is showing 3.90% on their website but it's not currently on my app.0
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I note that quite a few accounts have increased by 0.3% recently. Are they baking in a 0.25 or 0.5% increase next week? Or are they hedging their bets and going in between? If the BoE go for 0.5% do we expect further increases of 0.2%?
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Should be an interesting week and fully expecting some of the Easy Access accounts to hit 4%Nova1307 said:I note that quite a few accounts have increased by 0.3% recently. Are they baking in a 0.25 or 0.5% increase next week? Or are they hedging their bets and going in between? If the BoE go for 0.5% do we expect further increases of 0.2%?0 -
They'll be doing what they think they need to jockey for position in the rate tables. They are competing with one another, not the BoE. Only those few products with an explicit objective to track the base rate will move lockstep with it.Nova1307 said:I note that quite a few accounts have increased by 0.3% recently. Are they baking in a 0.25 or 0.5% increase next week? Or are they hedging their bets and going in between? If the BoE go for 0.5% do we expect further increases of 0.2%?
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Nova1307 said:I note that quite a few accounts have increased by 0.3% recently. Are they baking in a 0.25 or 0.5% increase next week? Or are they hedging their bets and going in between? If the BoE go for 0.5% do we expect further increases of 0.2%?
I don't think anyone here could answer your question as it is all speculation but one thing you can bank on is that your savings account providers will not pass on the total increase and it won't be immediate (unlike the creditors!).
If you believe you can, you will. If you believe you can't, you won't.
Secured/Unsecured loans x 1
Credit Cards x 8 (total limit £55,050)
Creation FS Retail Account x 1
Creation Credit Sale 0% x 1 = £112.50pm x 20 mths
0% Overdraft x 1 (£0 / £250)
Mortgage Outstanding - £137,707.00 (Payment 13/360)
Total Debt = £7,400 (0%APR) @ £100pm - Stoozing1 -
It has been showing in my android app since the day of the rise.smiley2085 said:Gatehouse is showing 3.90% on their website but it's not currently on my app.
Are you on iPhone, and/or on the latest version?0 -
Is yours showing as 3.83% gross by any chance? If so this is equivalent to 3.9% AER.smiley2085 said:Gatehouse is showing 3.90% on their website but it's not currently on my app.2 -
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N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.2 -
According to Moneyfacts, the Principality BS Online Double Access (issue 2) account rate is increasing to 4.01%.
https://www.principality.co.uk/en/savings-accounts/everyday-savings-accounts/Online-Double-Access
It allows two penalty-free withdrawals per account year. Minimum opening amount is £1.Please call me 'Kazza'.2 -
According to Moneyfacts, Sainsbury's Bank are launching Defined Access Saver (issue 45), paying 4.01%
https://www.sainsburysbank.co.uk/savings/defined-access-saver
It allows 3 penalty-free withdrawals.
4.01% is paid on balances £1,000 - £500,000
1.15% £1 - £999.99
1.00% £500,001Please call me 'Kazza'.4
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