The Top Easy Access Savings Discussion Area

BreakingGlass

redmalc said:

I deposited the full 85k max into Shawbrook easy access account a few months ago and what I like is they automatically give you the increased rate every time they change without having to close your account and open a new one 

No they don’t. Often an interest rate rise only applies to a new issue, so you have to message them to ask for your account to be moved to this new issue. 

See here: https://forums.moneysavingexpert.com/discussion/comment/80125527/#Comment_80125527

patpalloon

Eirambler said:

poppystar said:

Saga Easy Access web page ‘being updated’ …another last minute before BoE meets increase in rate for Marcus/Saga I wonder?

Marcus up to an extremely underwhelming 4.3%AER overnight.

Their cash ISA is also up to 4.3% which is more competitive in terms of that market but you can't transfer in so that is not a whole lot of use either.

Marcus always behind the curve. I'm expecting Tandem to make a move today.

13zero8

Eirambler said:

poppystar said:

Saga Easy Access web page ‘being updated’ …another last minute before BoE meets increase in rate for Marcus/Saga I wonder?

Marcus up to an extremely underwhelming 4.3%AER overnight.

Their cash ISA is also up to 4.3% which is more competitive in terms of that market but you can't transfer in so that is not a whole lot of use either.

And in the unlikely event that people want to benefit from that underwhelming rate (or any future ones) for a whole year then the bonus renewal option is active. Same bonus rate but it resets the period back to a full year.

BreakingGlass

poppystar said:

Saga Easy Access web page ‘being updated’ …another last minute before BoE meets increase in rate for Marcus/Saga I wonder?

Saga Easy Access Savings Account now showing as 4.3% AER, incl bonus of 0.34%.

https://www.saga.co.uk/money/savings/saga-easy-access-savings-account

ircE

BR up to 5.25%

Bridlington1

Well there's now been a 0.25% rise in the base rate taking it to 5.25%. This will see the following NLA accounts EA rise:

HEBS Branch Saver to 5.25% from 1/9/23

Newcastle BS tracker to 4.55% at some point before 10/8/23

Skipton tracker Issue 3 to 4.35% at some point before 17/8/23

Skipton tracker Issue 4 to 4.15% at some point before 17/8/23

Zopa_Trooper

Bridlington1 said:

Well there's now been a 0.25% rise in the base rate taking it to 5.25%. This will see the following NLA accounts EA rise:

HEBS Branch Saver to 5.25% from 1/9/23

Newcastle BS tracker to 4.55% at some point before 10/8/23

Skipton tracker Issue 3 to 4.35% at some point before 17/8/23

Skipton tracker Issue 4 to 4.15% at some point before 17/8/23

Wow. Remember all that fuss and the hundreds of posts when Newcastle BS tracker became available? That rise wont even put it in the current top 5 and that's BEFORE the others have the chance to take todays bank rise into consideration.

Kazza242

Skipton BS will be increasing some of their variable rate accounts w.e.f 14/8/2023.

See here (PDF)

CooperSF

Good afternoon, Chip 

Bridlington1

@soulsaver
Monument EA Account now 4.6%