The Top Easy Access Savings Discussion Area

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

Givens

Anyone have money in the Monument Bank? Just looking at opening an account.

Bridlington1

ForumUser7 said:

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

I wouldn't be surprised if the bonus saver only rose marginally but it's the regular savers I'm more bothered about. They haven't budged an inch for several months and HSBC in particular is beginning to lose its competitiveness. If they do a repeat performance of late last year their HSBC/FD regular savers could end up increasing for existing customers, which would be rather nice.

financialbliss

Givens said:

Anyone have money in the Monument Bank? Just looking at opening an account.

No, but at 4.00% and a minimum of £25k deposit, why not look at better rate providers?

https://www.monument.co/savings/easy-access-savings/

Eg Chip at 4.21% with a £1 deposit?

SirHugo

Is anyone else still hanging onto their YBS Rainy Day Account? Still at 3.85% gross with no sign of an update. Think it might be time to pull the plug on this one.

Bigwheels1111

financialbliss said:

Givens said:

Anyone have money in the Monument Bank? Just looking at opening an account.

No, but at 4.00% and a minimum of £25k deposit, why not look at better rate providers?

https://www.monument.co/savings/easy-access-savings/

Eg Chip at 4.21% with a £1 deposit?

Love Chip, they just need to put the rate up faster.

Cash goes from Chip to Coventery to Tandem and back to Chip.

What a game.

janusd

SirHugo said:

Is anyone else still hanging onto their YBS Rainy Day Account? Still at 3.85% gross with no sign of an update. Think it might be time to pull the plug on this one.

I can wait until they announce their rate changes, but it's need a significant increase to make it worthwhile - even for only £5k

Bridlington1

SirHugo said:

Is anyone else still hanging onto their YBS Rainy Day Account? Still at 3.85% gross with no sign of an update. Think it might be time to pull the plug on this one.

I'm keeping mine but with a £1.01 balance (my initial deposit). I rarely close accounts with a £1 or £1.01 balance though to be fair since they cost very little to maintain and if on the off chance the rate rises to a competitive level after it's been withdrawn I'd be kicking myself if I'd already closed the account. I've still got their Family Saver too (only a £1 balance this time).

TiVo_Lad

SirHugo said:

Is anyone else still hanging onto their YBS Rainy Day Account? Still at 3.85% gross with no sign of an update. Think it might be time to pull the plug on this one.

Funnily enough I was just looking at mine too. They do need to add almost the full 0.5% if it's to retain the lead it had before. Otherwise I'll be taking my umbrella elsewhere!