The Top Easy Access Savings Discussion Area

jaceyboy

Barkin said:

jaceyboy said:

dgpur said:

jaceyboy said:

Chip need to respond

Why? They are still faster and more flexible than, and without the limits of, competitors.

Yes they are good but rate is everything...

It really isn't. 

It is for me

ircE

For the record @soulsaver I think Saffron BS' Enviro Saver (Issue 2) @ 4.55% currently beats Sainsburys Bank at #10 though I suspect it won't matter for much longer anyway.

Also Yorkshire BS' Rainy Day Saver can probably safely be removed from the smaller balances section.

soulsaver

ircE said:

For the record @soulsaver I think Saffron BS' Enviro Saver (Issue 2) @ 4.55% currently beats Sainsburys Bank at #10 though I suspect it won't matter for much longer anyway.

It's included in the link attached to 'Various' at No.2.. & referenced to the trail. 
 

patpalloon

Investec EA now 4.38%
About time Tandem went up again - suspect there will be some movement after the interest review tomorrow.

Barkin

patpalloon said:

Investec EA now 4.38%o

That's monthly. 

AER = 4.47%

cwep2

jaceyboy said:

Chip need to respond

Chip hold deposits at Clearbank which in turn deposits at the Bank of England at the Bank rate. 
We have seen they can offer 4.51% AER with the bank rate at 5% so you can see roughly how much margin they seem to need to operate. The bank rate is almost certainly going up on Thursday so I would imagine Chip will respond on Thursday or Friday when they can raise it as high as 4.76% (or 5.01% if BoE raises by 0.5%) and keep the same margin rather than do it early and potentially lose money (even for a few days).

Most other savings providers also have a lending business so the rates they can get will usually be well above the bank rate, but are less flexible.

If Chip don't respond by Friday then I'd be moving then.

boingy

cwep2 said:

jaceyboy said:

Chip need to respond

Chip hold deposits at Clearbank which in turn deposits at the Bank of England at the Bank rate. 
We have seen they can offer 4.51% AER with the bank rate at 5% so you can see roughly how much margin they seem to need to operate. The bank rate is almost certainly going up on Thursday so I would imagine Chip will respond on Thursday or Friday when they can raise it as high as 4.76% (or 5.01% if BoE raises by 0.5%) and keep the same margin rather than do it early and potentially lose money (even for a few days).

Most other savings providers also have a lending business so the rates they can get will usually be well above the bank rate, but are less flexible.

If Chip don't respond by Friday then I'd be moving then.

Chip's rates, along with those of many of the others, will already have factored in the expected BoE rise tomorrow. So it's more about the sentiment towards future rises that will prompt another round of rate increases, or not.

badger09

Coventry Limited 4 Access online iss 2 4.5% withdrawn from sale. 

Just received Email - application form for joint account must be with them by 15th August. 

TiVo_Lad

badger09 said:

Coventry Limited 4 Access online iss 2 4.5% withdrawn from sale. 

I think the rest of this week might be busy for the rate tarts amongst us....

Zopa_Trooper

Well I've just funded a Shawbrook account so that should get beaten tomorrow. (Sorry Chip, too slow)