The Top Easy Access Savings Discussion Area

janusd

searching4bestrates said:

Forgive me as I'm sure this has been previously covered some time ago. Of the current top of the list easy access savings accounts, both Tandem and CHIP require Open Banking in order to operate the account, right?

I can only speak of Tandem on this (as Chip is a major hassle for me to use, opened twice, finally gave up) - but I think you only need to use Open Banking with Tandem initially to identify yourself... my OB connection expired 2 years ago with them, but I can still deposit via FP and withdraw via the app without having the OB connection active.

GalacticaActual

Nationwide Building Society are increasing some of their savings accounts interest rates from 1st July 2023. Some are only increasing by 0.1%.

PDF link to new rates: All changes to savings accounts 1 July 2023 | Nationwide

Bank of England increases base rate | Nationwide

Nationwide Building Society increases interest rates on ‘popular' savings accounts (msn.com)

savethepandas

Family Building Society Online Saver (5) up to 3.95% from 3.85%

aroominyork

patpalloon said:

RedImp_2 said:

2010 said:

Even after today`s increases by Nwide along with Marcus, they are still the back markers by at least .25%.
NW flex saver hasn`t moved and is still stuck at 2.25%.

Has Marcus increased rates?

They are lagging well behind. They increased rates from 2.8 to just 3% a day before the recent interest rate rise. I still have Marcus but my balance is zero.

And right on cue, today Marcus once again increased their rates the day before the MPC increases the base rate. Not subtle, are they?

janusd

nothing to trouble the top of the tables, but Saffron BS "My Saver" has increased to 3.70% as of today.

km1500

Nationwide increasing a limited access account to 3.3% is appalling really

housebuyer143

savethepandas said:

Family Building Society Online Saver (5) up to 3.95% from 3.85%

Does family update the rate automatically, or do you need to open a new account each time?

janusd

housebuyer143 said:

savethepandas said:

Family Building Society Online Saver (5) up to 3.95% from 3.85%

Does family update the rate automatically, or do you need to open a new account each time?

they update automatically - I assume because they're just updating the existing Issue, rather than creating new Issues for each interest rate change.

patpalloon

jaypers said:

fotow said:

And Atom still paying 3.15 and getting away with it.

My impression of Atom has gone way down because of this. Really poor. Moved my money out a while ago, bar a fixed that matures in August. Unless they get something really market leading/impressive, they are bottom of my list now. 

Their fixes are worth a look at the though and pay monthly interest. 4.8% for a 6 month fix.

ChewyyBacca

Hello All
What account would you suggest open at Shawbrook that has minimum balance requirements?
I currently have Easy Access Account Issue 34 where minimum balance is £1000 at 3.91%
Tandem & Principal BS are offering more than that.

Suggestions?