The Top Easy Access Savings Discussion Area

2010

I can`t see anymore higher rates from providers until after the BoE on the 3rd Aug, even then the BoE may think they did enough with the .5% last time to leave them alone.
Maybe we`re at the top until 21st Sept.

Silverbullet036

May be the wrong place but a lot of folks will have Al Rayan accounts on this thread. I seem to have made a mess up of my log in into Al Rayan and its locked me out. I guess I went over the 3 failed attempts , inattention from me so my own mistake. I will give them a call Monday to see if its easily sortable but has anyone else had this issue and got it resolved very quickly ?

Doctor_Who

Silverbullet036 said:

May be the wrong place but a lot of folks will have Al Rayan accounts on this thread. I seem to have made a mess up of my log in into Al Rayan and its locked me out. I guess I went over the 3 failed attempts , inattention from me so my own mistake. I will give them a call Monday to see if its easily sortable but has anyone else had this issue and got it resolved very quickly ?

I have lots of Al Rayan accounts and am just opening another 1 year fix. Never been locked out of Digital banking, although their web login process of scanning the on-screen code with the app hasn't been perfect for me. The app has worked fine with fingerprint authentication. Phone them on Monday, they are very helpful and will get it sorted.

janusdesign

Futuristic said:

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

apologies for being a pedant, but it won't "ALWAYS" track the base rate - only until the 31st December 2025.

janusdesign

Silverbullet036 said:

May be the wrong place but a lot of folks will have Al Rayan accounts on this thread. I seem to have made a mess up of my log in into Al Rayan and its locked me out. I guess I went over the 3 failed attempts , inattention from me so my own mistake. I will give them a call Monday to see if its easily sortable but has anyone else had this issue and got it resolved very quickly ?

I had that happen to me - think I posted about it either in this thread or an Al Rayan one... took a while to get through to speak to someone (though it is a freephone number), they had an earworm of the same one track repeatedly playing whilst waiting (if you listen to it for a while it stays with you!)... but once through to an agent, they were very helpful and resolved it quickly.

PhilFox1985

2010 said:

I can`t see anymore higher rates from providers until after the BoE on the 3rd Aug, even then the BoE may think they did enough with the .5% last time to leave them alone.
Maybe we`re at the top until 21st Sept.

Market seems pretty set that we'll get at least a 0.25% increase in the August meeting.

CPI monthly figures are next released on 19 July. That will potentially influence the decision, the key figure is core CPI inflation. If that was to fall quite considerably (which would be bucking the trend, its currently rising) the BoE would then most likely consider a pause in rate hikes. 

Of course if it were to continue rising, a 0.5% increase could then become far more likely. 

2010

PhilFox1985 said:

2010 said:

I can`t see anymore higher rates from providers until after the BoE on the 3rd Aug, even then the BoE may think they did enough with the .5% last time to leave them alone.
Maybe we`re at the top until 21st Sept.

Market seems pretty set that we'll get at least a 0.25% increase in the August meeting.

CPI monthly figures are next released on 19 July. That will potentially influence the decision, the key figure is core CPI inflation. If that was to fall quite considerably (which would be bucking the trend, its currently rising) the BoE would then most likely consider a pause in rate hikes. 

Of course if it were to continue rising, a 0.5% increase could then become far more likely. 

You are quite right it`s all down to the latest figures.
Whatever happens, all those who took advantage of NBS 4.3% tracker can`t lose.

Nova1307

soulsaver said:

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...

I've started to transfer out. No doubt they'll increase their rate just as I've emptied the account - like Investec and Al Rayan did. The joys. 

S_uk

If one of the app based accounts I have increases this week to match NBS then I might was well keep my funds with them given the quicker withdrawals, and then review next month after the next BOE meeting. I have a feeling I'll be bouncing funds between the two for the rest of the year at least.

jaceyboy

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.

Yes I read the T&C's and yes I know NBS is the same, but why dont they come up to the current standards like everyone else? also Shawbrook is very random on paying interest, normally its paid for me on the 16th and I wont get the credit for another two days after that, everything with them is snail