The Top Easy Access Savings Discussion Area

Connoisseurus_Rex

jaypers said:

Just opened my Charter Issue 42 and will transfer everything across from my old Issue 28 as soon as it appears (usually an hour or two). What a faff……why can’t these companies just adjust rates on existing accounts? 

Have done the same but I'm holding off on moving everything over. Previous examples with Chartered where people moved to newer Issues and then older ones were updated with higher IR than the new ones. You have 14 days from opening to fund an Issue 42, fingers crossed they send emails in the coming days for older Issues.

flobbalobbalob

Connoisseurus_Rex said:

jaypers said:

Just opened my Charter Issue 42 and will transfer everything across from my old Issue 28 as soon as it appears (usually an hour or two). What a faff……why can’t these companies just adjust rates on existing accounts? 

Have done the same but I'm holding off on moving everything over. Previous examples with Chartered where people moved to newer Issues and then older ones were updated with higher IR than the new ones. You have 14 days from opening to fund an Issue 42, fingers crossed they send emails in the coming days for older Issues.

Issue 42, I mean really, that should make you nervous. How many old issues do you need to keep just in case. What a joke they have become.

SeriousHoax

When it comes to monthly or annual interest, do most people go for monthly.

janusd

@soulsaver
Oaknorth Limited Edition Issue 3 now 4.56% (£20k min)

InvesterJones

2010 said:

InvesterJones said:

2010 said:

When PSA was introduced and rates for ISA were and still are lower than non ISA, even ML was advising people to switch out or not open new ones because of the tax situation.

2016? The data doesn't show people ditched ISAs then.

https://blog.moneysavingexpert.com/2022/04/martin-lewis-ditch-cash-isa/

So no ditching in or after 2016 when PSA was introduced. Data hasn't come out for 2022-23 yet though so we'll have to wait and see if that blog post made any impact (I doubt it).

InvesterJones

SeriousHoax said:

When it comes to monthly or annual interest, do most people go for monthly.

Can't speak for most people, but I do either based on when I need the money - annual helps to bank interest in a different year, while monthly lets me access something at least sooner. For easy access accounts I tend to prefer monthly as that better matches the purpose of easy access.

boingy

I can't speak for anyone else but I stopped putting anything into cash ISAs once the PSA came in. There was just no point.

t33

@soulsaver

Secure Trust Bank 4.55% AER Access Account Issue 9

https://www.securetrustbank.com/savings/access-accounts

Apologies if already alerted.

cadguy77

t33 said:

@soulsaver

Secure Trust Bank 4.55% AER Access Account Issue 9

https://www.securetrustbank.com/savings/access-accounts

Apologies if already alerted.

2 increases in as many days, wow

mebu60

jimexbox said:

2010 said:

With the NBS tracker -7 , at least you know you`ll be getting the full increase if and when it happens.
The current EA hokey cokey seems to anticipate what the BoE is going to do next week.
Marcus must be due to join it about next Wed.

Exactly why I persevered with the NBS tracker. Currently has a quid in it, but may change. 

I persevered too for same reasons.. Have £10 in there but now I can withdraw will reduce to £1.
Plus I've had £50 compensation sent to my nominated account :-)