The Top Easy Access Savings Discussion Area

Mr._H_2

london21 said:

Hi All,

I am with Santander esaver paying 3.2% but just seen today can get 4.21% with Chip.

I am about to open the account how long will they offer this for, Santander was 1 year variable.

Is it secure like Santander.

I know there is the FSCS £85k protection 

There are no specified time limits on the rate. They currently have a publicly-stated aim to stay competitive, but nothing lasts forever.

I think you need to properly define what you mean by “secure like Santander”

london21

Mr._H_2 said:

london21 said:

Hi All,

I am with Santander esaver paying 3.2% but just seen today can get 4.21% with Chip.

I am about to open the account how long will they offer this for, Santander was 1 year variable.

Is it secure like Santander.

I know there is the FSCS £85k protection 

There are no specified time limits on the rate. They currently have a publicly-stated aim to stay competitive, but nothing lasts forever.

I think you need to properly define what you mean by “secure like Santander”

Just sentiments to be honest.

Been with Santander for many years not used Chip before.

My mom asked the same question, told her there is 85k protection. 

PixelPound

london21 said:

Mr._H_2 said:

london21 said:

Hi All,

I am with Santander esaver paying 3.2% but just seen today can get 4.21% with Chip.

I am about to open the account how long will they offer this for, Santander was 1 year variable.

Is it secure like Santander.

I know there is the FSCS £85k protection 

There are no specified time limits on the rate. They currently have a publicly-stated aim to stay competitive, but nothing lasts forever.

I think you need to properly define what you mean by “secure like Santander”

Just sentiments to be honest.

Been with Santander for many years not used Chip before.

My mom asked the same question, told her there is 85k protection. 

How do you or your mum bank?

The Santander account can be done via app or online. AFAIK Chip is app only, so have to be comfortable using your mobile to bank. I've also opened a Cynergy bank one last week - this like the Santander is "release" and like Santander can be done online and via App.

london21

nic_c said:

london21 said:

Mr._H_2 said:

london21 said:

Hi All,

I am with Santander esaver paying 3.2% but just seen today can get 4.21% with Chip.

I am about to open the account how long will they offer this for, Santander was 1 year variable.

Is it secure like Santander.

I know there is the FSCS £85k protection 

There are no specified time limits on the rate. They currently have a publicly-stated aim to stay competitive, but nothing lasts forever.

I think you need to properly define what you mean by “secure like Santander”

Just sentiments to be honest.

Been with Santander for many years not used Chip before.

My mom asked the same question, told her there is 85k protection. 

How do you or your mum bank?

The Santander account can be done via app or online. AFAIK Chip is app only, so have to be comfortable using your mobile to bank. I've also opened a Cynergy bank one last week - this like the Santander is "release" and like Santander can be done online and via App.

I rarely go in branch nowadays. I am ok with the app.

My mom is in her 70s she is also good and I help her if she needs help.

Thanks 

Givens

Is there a good date in the month to remove money from the HSBC BNS Saver?

wiseonesomeofthetime

Givens said:

Is there a good date in the month to remove money from the HSBC BNS Saver?

1st of the month is optimal. And then all of it as the balance is worth diddly squat in interest.

SaveTheEuro

I've been waiting for Hampshire Trust Bank to up their rate from 3.82% to no avail. For new customers, it's offering only 3.5%. Clearly, time to move.

ForumUser7

wiseonesomeofthetime said:

Givens said:

Is there a good date in the month to remove money from the HSBC BNS Saver?

1st of the month is optimal. And then all of it as the balance is worth diddly squat in interest.

Bear in mind HSBC is announcing new rates shortly https://www.msn.com/en-ie/news/uknews/hsbc-uk-planning-to-boost-its-savings-rates/ar-AA1cX7V1 possibly from thursday like first direct

PloughmansLunch

ForumUser7 said:

wiseonesomeofthetime said:

Givens said:

Is there a good date in the month to remove money from the HSBC BNS Saver?

1st of the month is optimal. And then all of it as the balance is worth diddly squat in interest.

Bear in mind HSBC is announcing new rates shortly https://www.msn.com/en-ie/news/uknews/hsbc-uk-planning-to-boost-its-savings-rates/ar-AA1cX7V1 possibly from thursday like first direct

My money is on them and FD only raising their measly 1.35% standard rate of interest

ForumUser7

PloughmansLunch said:

ForumUser7 said:

wiseonesomeofthetime said:

Givens said:

Is there a good date in the month to remove money from the HSBC BNS Saver?

1st of the month is optimal. And then all of it as the balance is worth diddly squat in interest.

Bear in mind HSBC is announcing new rates shortly https://www.msn.com/en-ie/news/uknews/hsbc-uk-planning-to-boost-its-savings-rates/ar-AA1cX7V1 possibly from thursday like first direct

My money is on them and FD only raising their measly 1.35% standard rate of interest

Perhaps - although they are making a big deal about it if that is all:

‘Good news. Some of our savings rates are on the rise. The shake-up starts 29 June.’

‘rates’ implies on more than one account imo