The Top Easy Access Savings Discussion Area

jaypers

Not so sure about Ford…..Atom have been pathetic for some time now. 

jak22

Tandem might be waiting until the mid-August period when others will be increasing but will need at least a 0.4% increase to keep up - KR will be 4.75% on the 18th and Shawbrook have been 4.63% since before the last BoE. Once an account starts to lag it stops being attractive even if it eventually catches up - the amount lost starts to add up. Ford can be trusted to keep up - theyve had 19 increases over the last year.

fotow

jimexbox said:

patpalloon said:

Tandem and Atom need to raise their game.

I'm giving Tandem until Thursday. 

You may be in luck. Just cleared my Tandem out, they will probably put it up now. Ford Money could do with an update to keep up.

grumbler

Wheres_My_Cashback said:

phillw said:

Wheres_My_Cashback said:

The problem with the banks is that their systems have been set up to be more meticulous in querying transactions, not for the benefit of the customer, but for primarily their own protection because ultimately they become liable in most cases.

They became liable for the benefit of the customer. What do you expect them to do? Be held responsible for your actions, while also just letting you YOLO any transaction you wish?

The UK Government is just starting to take long overdue action against the banks who operate like cartels at times.

The UK Government is the one who put the banks into this unbearable position where they are responsible for everything - AML, PEP, push payment scams etc. Now it's easier for a bank to get rid of any potentially problematic customer than take a risk of keeping them. And they have to waste huge resources on checking questionable transactions. If a bank misses one such transaction it can be held liable for tens if not hundreds of thousands pounds lost by some idiot to scammers. Meanwhile the government is washing their hands instead of fighting the crime, including scammers. They have more important problems to solve - the interest rate paid by banks on savings (sarcastic smiley).

Eirambler

Right Tandem, you're on the clock. You have until Friday morning...

PixelPound

Eirambler said:

Right Tandem, you're on the clock. You have until Friday morning...

Why? Either you're happy with your money being with them at 4.36% and know they'll raise at some point, or you're not as there is better elsewhere. What happens if they raise Friday afternoon?

sheslookinhot

I know Ford and Sainsbury will soon up their rates. I’m not moving to a better paying account to earn a few quid for 10 minutes.

Silverbullet036

sheslookinhot said:

I know Ford and Sainsbury will soon up their rates. I’m not moving to a better paying account to earn a few quid for 10 minutes.

Not sure Ford will up their rate as it's at 4.5% so hardly lagging behind

Krakkkers

Not moved since the last rate hike though.

snowqueen555

Kinda hoping Chip increases, just moved to them a week ago.