The Top Easy Access Savings Discussion Area

Zaul22

I knew Coventry was a bad idea and still did it anyway... Moving money is starting to get annoying now as it keeps getting held up for hours by anti fraud checks from my current account. 

Looks like Chip moved too early. Tandem is their main like for like competition now, they probably should have waited for them to make a move first. 

TheBanker

TiVo_Lad said:

ForumUser7 said:

Tandem 4.10%

GB Bank Raisin 4.00%

Wonder if we could see another rise shortly from Chip to beat Tandem

I get the feeling there's going to be a lot of movement over the next few days, so unlike usual I'm going to let the dust settle a bit before shuffling the accounts once more.

Same here - I have a collection of accounts. Some only allow a limited balance and are full. One is a true instant access account (i.e. immediate faster payments) which has some money in it for emergencies. One has a better rate but transfers take 24hrs, this has the rest of my instant access cash. Then I have a collection of old accounts which aren't competitive, but may be again, all with £1 balances.

I'll happily move my money between my existing accounts to maximise returns, but I'm not going to add any more to my collection until I can achieve at least an extra 0.3%. 

patpalloon

Zerforax said:

Jeez I only opened the Investec account (at 3.75%) like 2 weeks ago and it's already dropped off the top 10 list.

Their 3 months notice is 4.41%

patpalloon

My tandem still showing 3.75% 🤷‍♂️

Sea_Shell

ForumUser7 said:

Tandem 4.10%

GB Bank Raisin 4.00%

Wonder if we could see another rise shortly from Chip to beat Tandem

Does GB bank (Raisin) allow partial withdrawals, or is it all or nothing?

Just seen... minimum balance £1000 then £500 min deposits/withdrawals.

Futuristic

patpalloon said:

My tandem still showing 3.75% 🤷‍♂️

Its normal, it usually takes late evening or next day for me in the past

ToastLady

patpalloon said:

My tandem still showing 3.75% 🤷‍♂️

Just got email and 4.10% from tomorrow, 21st June.

Doctor_Who

Sea_Shell said:

ForumUser7 said:

Tandem 4.10%

GB Bank Raisin 4.00%

Wonder if we could see another rise shortly from Chip to beat Tandem

Does GB bank (Raisin) allow partial withdrawals, or is it all or nothing?

Just seen... minimum balance £1000 then £500 min deposits/withdrawals.

I had a Raisin/GB Bank easy access account a couple of months ago.......not the best of experiences! Deposits/withdrawals took a few days, longer over weekends and bank holidays. I closed the account (it took a couple of weeks for the final interest payment to reach my Raisin account) and moved the money to Chip. I think Raisin works well for fixes, not so well for easy access accounts.

allegro120

Zaul22 said:

I knew Coventry was a bad idea and still did it anyway... Moving money is starting to get annoying now as it keeps getting held up for hours by anti fraud checks from my current account. 

Looks like Chip moved too early. Tandem is their main like for like competition now, they probably should have waited for them to make a move first. 

Same here. I will wait for few days and see how Coventry reacts on upcoming BoE increase and then decide whether to reduce it to £1 or keep my money there.

I've recently deposited some money into Gatehouse - this will go to Tandem tomorrow.

ColdIron

Coventry took 3 weeks to raise their rates after the last MPC decision, by which time they were eclipsed by many other accounts