The Top Easy Access Savings Discussion Area

Snapdragon

Don't think I've seen this mentioned... Family Building Society
 Our Online Saver (5) product will be increasing to 5.10% from 8 September 2023. 
Account is NLA but should be of interest to those who have it.

Bridlington1

@soulsaver
Charter EA Issue 44 now pays 4.75% (£5k min)

allegro120

Freebird53 said:

What are the chances of Newcastle BS releasing a base Rate - 0.25% Tracker?

The -0.7% is looking rather poor.

Who knows? It depends how desperate they are for cash. At the time when they introduced -0.7% they went to the top of the table, if they introduce a new -0.25% issue they will be still below the leading EA rate. 0% will get some money in, but might be beaten by somebody else very soon.

cadguy77

Santander's 5.2% EA account is an obvious loss leader that no others can afford to absorb right now. The next BoE review will shuffle the pack again.

gt94sss2

cadguy77 said:

Santander's 5.2% EA account is an obvious loss leader that no others can afford to absorb right now. The next BoE review will shuffle the pack again.

It's not even a loss leader. Even if Santander just deposit all the money at the BoE, they would earn 5.25% on it.

Freebird53

allegro120 said:

Freebird53 said:

What are the chances of Newcastle BS releasing a base Rate - 0.25% Tracker?

The -0.7% is looking rather poor.

Who knows? It depends how desperate they are for cash. At the time when they introduced -0.7% they went to the top of the table, if they introduce a new -0.25% issue they will be still below the leading EA rate. 0% will get some money in, but might be beaten by somebody else very soon.

Absolutely, however I personally prefer to invest in Building Societies rather than banks. If Newcastle were to stay in the same ball park, that would be enough for me.

2010

Freebird53 said:

allegro120 said:

Freebird53 said:

What are the chances of Newcastle BS releasing a base Rate - 0.25% Tracker?

The -0.7% is looking rather poor.

Who knows? It depends how desperate they are for cash. At the time when they introduced -0.7% they went to the top of the table, if they introduce a new -0.25% issue they will be still below the leading EA rate. 0% will get some money in, but might be beaten by somebody else very soon.

Absolutely, however I personally prefer to invest in Building Societies rather than banks. If Newcastle were to stay in the same ball park, that would be enough for me.

Even if the BoE raises rates at the next meeting by 50 bp, NBS tracker will still be lagging, their ball won`t even be in the same park as Santander.

Bridlington1

@soulsaver
Secure Trust Access Account Issue 9 (£1k min) now 4.8%
Skipton Single Access Issue 1 (£15k min) now 4.8%
Kent Reliance EA Issue 64 (£1k min) now 4.75%

caldi9

Skipton have a good offer with 7.5% (although limited to £250 per month). Are there similar high savings offers out there?

Bigwheels1111

caldi9 said:

Skipton have a good offer with 7.5% (although limited to £250 per month). Are there similar high savings offers out there?

Look for regular savers.

Next is First Direct @ 7%.