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The loss of one day at 4% is 0.04/365 * balancerefluxer said:
Can you explain your maths on that one ?jak22 said:Note that Shawbrook debit the account right away and transfer the next working day - this might imply losing a day's interest. If so it would take 2 weeks or so in an account paying 0.25% more interest before breaking even - something to bear in mind before moving out and straight back in.
A 0.25% gain earns 0.0025/365 * balance * days
for break-even 0.04/365 * balance = 0.0025/365 * balance * days
days = 0.04 / 0.00251 -
They call it a bonus, because it includes a bonus for the first 12 months - after which the bonus drops off.em_h said:
I like that they call it a bonus, when what they really mean is they decrease it by 0.62% after 12 months!ForumUser7 said:£1 min balance. Rate includes bonus for 12 months.
I'd be tempted for 4.22% without a "bonus" as then worth grabbing just in case it rises. But this one is *guaranteed* to fall next year. 😕 So likelihood they'll increase it in meantime by >boe base rate is slim to none.If you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.4 -
Some of the accounts in this list (https://www.express.co.uk/finance/personalfinance/1788188/Lloyds-Bank-Halifax-increase-interest-rates-savings-account) may be worth considering for those who want instant access with a well-known provider with a phone number.
Halifax:- ISA Reward Bonus Saver and Reward Bonus Saver - 4.20 percent (up 80bps)
- ISA Bonus Saver and Bonus Saver - 4.10 percent (up 80bps)
Lloyds:- Club Lloyds Advantage Saver and Advantage ISA Saver - four percent (up 80bps)
Bank of Scotland:- Bank of Scotland Advantage Saver and Advantage ISA Saver - four percent (plus 80bps)
If you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.5 -
Sorry for another NBS post. Put £1 in via debit card when opened account a week or so ago and still not showing on the NBS log in. Do we think something has gone wrong or do I just need patience? I know the card payments sometimes take a bit longer0
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I never saw an option to pay in via debit card into NBS, nor do I nowoz0707 said:Sorry for another NBS post. Put £1 in via debit card when opened account a week or so ago and still not showing on the NBS log in. Do we think something has gone wrong or do I just need patience? I know the card payments sometimes take a bit longer0 -
Branch I thinkcadguy77 said:
I never saw an option to pay in via debit card into NBS, nor do I nowoz0707 said:Sorry for another NBS post. Put £1 in via debit card when opened account a week or so ago and still not showing on the NBS log in. Do we think something has gone wrong or do I just need patience? I know the card payments sometimes take a bit longerIf you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.2 -
Looks like we might get something from Gatehouse soon...
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I agree, just pulled £78000 out and put it back in Chip, then they up the rate!patpalloon said:I think there is definitely a rule - that whenever you withdraw money, they increase the rate!!
Maybe now I'll stick it back in!
but I prefer Chip for their app, and it tells you what interest you are generating each day which is good.... 1 -
Weren't Coventry rates supposed to increase wef today? Mine still showing old rates.0
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