The Top Easy Access Savings Discussion Area

Krakkkers

What is coming at Charter?

PixelPound

2010 said:

nic_c said:

jaceyboy said:

So it seems NBS are another Shawbrook where they hold your funds for a day before giving them to you, cant be dealing with that again after having Chip/Tandem etc, thats so backwards...

They state they don't use faster payments but standard payments

Do you offer a faster payment facility?

Unfortunately we don’t. We offer a Standard Payment facility for withdrawals; this will ensure your funds will reach your nominated bank account within two working days of leaving the Society. This came into effect as of the Payment Service Directive January 2012.

jaceyboy, must have read the T&C or just ticked the box saying they had been read, otherwise you can`t apply for the account.

So it shouldn`t come as a surprise that NBS is not instant withdrawals.

I can live with waiting a day, getting a good rate that`s going to go up the full amount of any future increase.

I would have thought many BS are not faster payments, but similarly I'm happy if the rate is good, it's still an EAS account and just budget with that in mind. Think I'll put in there what I don't need urgently, I also have Chip (that I'll say is an IAS instant access savings) to manage money  to top up my current account when needed.

4justice2

n3ophyte said:

Zaul22 said:

Still waiting for my interest from Coventry. They paid it yesterday but it seems to be traveling to my nominated account on a replacement bus service. 

Same hear. I’m assuming it will arrive on Monday now 8-/

Yes, even though it shows as going out to your nominated account on 30.6.23, it won't credit till first working day, so it'll be Monday 3.7.23.

Zopa_Trooper

TiVo_Lad said:

The Newcastle Account is No Longer Available.

Thank god for that. Jezz, hundreds of posts about the same account, earning a few pence more than Chip and likely to beaten in the next 7 days. Next time, any chance there can be a thread on the one provider so the rest of us not interested don't have to wade through.

mattojgb

I'm not one for constantly chasing each 0.1% rise in the top paying account. But I opened the NBS account straight away - not because it was top of the chart but because it was a BoE tracker. I'm sure many people did the same. Seems a very useful account to have. Only got the minimum in there atm. I trying to work out whether to move money from Chip to my Yorkshire or Coventry limited withdrawal accounts.

Futuristic

Zopa_Trooper said:

TiVo_Lad said:

The Newcastle Account is No Longer Available.

Thank god for that. Jezz, hundreds of posts about the same account, earning a few pence more than Chip and likely to beaten in the next 7 days. Next time, any chance there can be a thread on the one provider so the rest of us not interested don't have to wade through.

It has nothing to do with the amount but the fact it will ALWAYS be -0.7% of the BoE rate automatically, all the people with the NBS tracker now will probably disappear a long time whilst you keep checking every week to see if Chip can beat the next #1. Remember that Chip aren't a bank or BS, they depend on clear bank. They will be top for as long as they can afford to. 

If you need to go in & out frequently at any moment then sure go for Chip, the NBS was no brainer otherwise. 

I'm very curious how these will all do when we get to the point of no more hikes / on the way down  

Zaul22

t33 said:

Has the dust settled on the latest increases post BofE rate announcement?  Any of the bigger players or banks likely to trouble the top 10 yet to announce?  I'm aware of Charter Savings to come (increase unknown I think).  Any others?  or largely done with for now?

Everyone has moved but I wouldn't be surprised if Tandem make a 2nd move since their first was before the base jump and when everyone was expecting only 25 points. Likely Shawbrook will increase again a week or 2 after that. 

jak22

For those not focused on NBS there are accounts that don't seem to have increased with the last BoE - for instance Gatehouse EA jumped to the top for a short while but are still in the under 4% list where most accounts sit. Tandem went just before BoE but are behind the best. But for most of them even a large rise might not be enough match Coventry's 4.5% from the 7th.

Shawbrook is next day transfer, but what is the deadline and timing for withdrawals from Gatehouse?

soulsaver

ircE said:

soulsaver said:

Small(er) balance, ToTP rates: 

HSBC Bonus Svr 4% < £10k (08/06) Online Savings Account | Bonus Savings Account - HSBC UK .

Santander Edge 4.0% on upto £4k with charges & strings. Santander Edge current account | Santander UK 

Newbury BS's Existing Members ac 3.75% (01/06) Existing member account | Newbury

The above accounts are no longer top rates, but there is a chance Newbury's EMA rise (4.10% wef 14th July) will make the cut when it takes effect.

Culled.

soulsaver

Zaul22 said:

t33 said:

Has the dust settled on the latest increases post BofE rate announcement?  Any of the bigger players or banks likely to trouble the top 10 yet to announce?  I'm aware of Charter Savings to come (increase unknown I think).  Any others?  or largely done with for now?

Everyone has moved but I wouldn't be surprised if Tandem make a 2nd move since their first was before the base jump and when everyone was expecting only 25 points. Likely Shawbrook will increase again a week or 2 after that. 

Aldermore is lagging...