The Top Easy Access Savings Discussion Area

ColdIron

poppystar said:

That’s what I thought and wondered if they’d just sent an old email by mistake but looking in my account shows the interest at this rate not 4.7%. Yet I didn’t think Aldermore has different issues? Anyone else still showing at old rate?

It will show the gross rate for monthly interest which is 4.70% AER

janusd

dpg100 said:

mebu60 said:

metrobus said:

I am transferring a maturing bond with Charter Bank into an existing Easy Access issue 28 account, I have asked what interest would be applied expecting 4.8% since it’s an no longer available account, but they say 4.27% is this correct? Their current EA acc pays 4.5%Thank you.

Issue 42, also NLA, remains at 4.55% rather than 4.8%. I have raised a formal complaint via secure message. They are considering what action to take! Others have done the same. Suggest you do similar unless Issue 28 was 4.02% previously in which case you would be better migrating to Issue 43 at 4.5%. If not you would expect an uplift to 4.52% as it's NLA. 

They appear to be dragging this out and not to be trusted. I've already removed most of my money and rather suspect this will end with a FCA complaint.

I closed my Issue 42 (only opened two weeks before) when it wasn't on the updated rate list - i'm not keeping £5k @ 4.55% for no reason - even at 4.8%, there were alternatives back then (let alone now).

I suspect that i'll only use Charter for fixes in the future.

kjs31

ColdIron said:

It will show the gross rate for monthly interest which is 4.70% AER

Mine shows this. So it’s 4.70? 

ColdIron

That's right, mine is the same

soulsaver

So while doing my daily check of the links in the ToTP this morning:

Beehive Bonus svr 4.90% (inc 2.25% 1yr bonus) £1k min (22/08) Beehive Bonus Saver

If you click the link and look for the rate - it has a 'we'll add the rates soon...' & the 'click' to add a reminder?

Going up, down or NLA... or just gathering interested parties?  

Lyncroft

dpg100 said:

» show previous quotes

They appear to be dragging this out and not to be trusted. I've already removed most of my money and rather suspect this will end with a FCA complaint.

I closed my Issue 42 (only opened two weeks before) when it wasn't on the updated rate list - i'm not keeping £5k @ 4.55% for no reason - even at 4.8%, there were alternatives back then (let alone now).

I suspect that i'll only use Charter for fixes in the future.

I raised a complaint with Charter about this sort of thing a month or so back. They sent a long detailed reply which I couldn't follow but made me decide not to use them in future. I've a fix ending in Dec and that'll be it. After a while you notice which banks are nice and straight forward to deal with.

PixelPound

soulsaver said:

So while doing my daily check of the links in the ToTP this morning:

Beehive Bonus svr 4.90% (inc 2.25% 1yr bonus) £1k min (22/08) Beehive Bonus Saver

If you click the link and look for the rate - it has a 'we'll add the rates soon...' & the 'click' to add a reminder?

Going up, down or NLA... or just gathering interested parties?  

In the app it says 4.90%

masonic

nic_c said:

soulsaver said:

So while doing my daily check of the links in the ToTP this morning:

Beehive Bonus svr 4.90% (inc 2.25% 1yr bonus) £1k min (22/08) Beehive Bonus Saver

If you click the link and look for the rate - it has a 'we'll add the rates soon...' & the 'click' to add a reminder?

Going up, down or NLA... or just gathering interested parties?  

In the app it says 4.90%

4.90% is the current rate for existing customers and has been published on the website earlier this week. Question is, why have they removed it from the website and invited people to sign up for an update... (also account looks to be NLA - I only have the RS, and now cannot see the EA account when I select add a new savings account)

Zerforax

Been so busy with the kids this summer I've barely been checking the rates. Pleased that Chip has done a couple of increases in that time without me having to swap out.

ircE

I think some people found my first iteration of this interesting so I thought it worth a refresh a month later...

Reminder: "True EA" refers to accounts with no minimum deposits or balances and allow unlimited withdrawals. "True Instant EA" are those True EA accounts that advertise immediate deposits and withdrawals.

Observations this time - interesting to note which providers seem keen to (somewhat) maintain their positions in their respective markets (e.g. Post Office Money, Skipton BS, Hampshire Trust Bank in the True EA list). Cahoot has risen up to give Chip (and everyone else) a run for their money. Tandem, following their recent campaign, are probably satisfied with where they are, so potentially an opportunity for Tesco to overtake them for new account holders (Kroo has already signalled it doesn't intend to compete). Marcus/Saga just about reverse their deficit with Zopa. The cluster of current-account-linked-savings-accounts at the bottom of the True Instant EA list, combined with Santander Group's aggression this month, makes me wonder what that might provoke from other current account providers in the weeks ahead.