The Top Easy Access Savings Discussion Area

Nick_C

Kazza242 said:

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

See here (PDF)

Thanks for that.

Noticeable by its absence - no increase on the Bonus Saver Issue 8 which will stay at 4.45%.  Disappointing.

Bridlington1

TiVo_Lad said:

Bridlington1 said:

Leeds BS are raising all their variable rate accounts by 0.25% from 15/8/23. This will take the limited Issue online access account issue 47 to 4.65%

Have you got the reference for that? The changes page says "some" of their accounts and the current issue 47 isn't on that list.

My sincere apologies for that, I really aught to learn to read the full details properly. I could've sworn I'd read that all members rates were increasing by 0.25% (possibly wishful thinking), but you are correct the list does not appear to include issue 47 so it looks like that will be stuck at 4.4%. My post has now been removed so apologies for misleading everyone there. 

TiVo_Lad

Bridlington1 said:

My sincere apologies for that. 

No apology necessary. Your posts are always informative and well received.

cadguy77

What's with the 2 week wait to increase rates?

Eirambler

cadguy77 said:

What's with the 2 week wait to increase rates?

Profit margins.

RedImp_2

Must admit when I opened my Chase account and opted for the round-ups ( I know it’s only generally pennies) I didn’t think the 5% offered would soon be caught up by ordinary accounts.
I’ll have to turn them off soon and transfer elsewhere!

SeriousHoax

Monument Bank 4.60%

https://www.monument.co/savings/easy-access-savings

jak22

It's a quirk of Coventry that they often announce soon after BoE but effective a little later - although the Tracker Mortgage isnt increasing until September so it's not all bad - and it's good to see the Limited access back to increasing with BoE - I doubt if anyone actually enjoys the process of shuffling funds due to accounts lagging behind. 

Cold_comfort

My Community Finance Easy Access Account (NLA) AER increased from 4.31% to 4.61% for balances of 20k and above

Futuristic

Zopa_Trooper said:

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.

Once again you miss the point of the account and mock others, for people who don't want to keep shuffling around its a great account. Some of the new top comers are new names/brands like beehive so another new account. If you like having dozens of accounts and having to move every few weeks then good for you. 

Marcus just only moved to 4.3% and many people are happy to stick there, bet they even have more cash from savings then all of these "current top 5" combined. Same for Chase.