The Top Easy Access Savings Discussion Area

flaneurs_lobster

Bridlington1 said:

@soulsaver
Skipton BS Member Bonus Saver Issue 1 now 5.5% (includes a fixed bonus of 1.7% for 12 months)
£1 min, £3k max
Available to existing Members who have held a continuous membership with Skipton BS starting on or before 11th January 2024

Opened and funded. 

The APR is showing sans bonus (3.8%) online. Should I panic / raise an official complaint / do nothing because it's as expected?

NameWithheld

flaneurs_lobster said:

Bridlington1 said:

@soulsaver
Skipton BS Member Bonus Saver Issue 1 now 5.5% (includes a fixed bonus of 1.7% for 12 months)
£1 min, £3k max
Available to existing Members who have held a continuous membership with Skipton BS starting on or before 11th January 2024

Opened and funded. 

The APR is showing sans bonus (3.8%) online. Should I panic / raise an official complaint / do nothing because it's as expected?

It is showing 5.5% for me on the app. Haven't tried online

sheffieldeagle

Same here 5.5%

Cheers 

Stargunner

flaneurs_lobster said:

Bridlington1 said:

@soulsaver
Skipton BS Member Bonus Saver Issue 1 now 5.5% (includes a fixed bonus of 1.7% for 12 months)
£1 min, £3k max
Available to existing Members who have held a continuous membership with Skipton BS starting on or before 11th January 2024

Opened and funded. 

The APR is showing sans bonus (3.8%) online. Should I panic / raise an official complaint / do nothing because it's as expected?

If you deposit funds by card you have to wait for the payment to clear and then the rate will change to 5.5%

brucefan_2

Many many thanks for drawing attention to this so swiftly. Account opened in app in under a minute. Funds on their way.

Bobblehat

Bridlington1 said:

@soulsaver
Skipton BS Member Bonus Saver Issue 1 now 5.5% (includes a fixed bonus of 1.7% for 12 months)
£1 min, £3k max
Available to existing Members who have held a continuous membership with Skipton BS starting on or before 11th January 2024

Am I missing something? Is this only going to make £9 max extra over a year compared to ... say Santander at 5.2%? I hope I have the maths wrong!

poppystar

Bobblehat said:

Bridlington1 said:

@soulsaver
Skipton BS Member Bonus Saver Issue 1 now 5.5% (includes a fixed bonus of 1.7% for 12 months)
£1 min, £3k max
Available to existing Members who have held a continuous membership with Skipton BS starting on or before 11th January 2024

Am I missing something? Is this only going to make £9 max extra over a year compared to ... say Santander at 5.2%? I hope I have the maths wrong!

No, your maths is fine🙂. I wouldn’t move money necessarily for that bit extra but I know some people are keen to do that. If you pay tax on savings it’s even less too!

simonsmithsays

Bobblehat said:

Bridlington1 said:

@soulsaver
Skipton BS Member Bonus Saver Issue 1 now 5.5% (includes a fixed bonus of 1.7% for 12 months)
£1 min, £3k max
Available to existing Members who have held a continuous membership with Skipton BS starting on or before 11th January 2024

Am I missing something? Is this only going to make £9 max extra over a year compared to ... say Santander at 5.2%? I hope I have the maths wrong!

You're assuming that your Santander will be paying 5.2% for the next 12 months.

Mine will have ended long before then.

pecunianonolet

Bobblehat said:

Bridlington1 said:

@soulsaver
Skipton BS Member Bonus Saver Issue 1 now 5.5% (includes a fixed bonus of 1.7% for 12 months)
£1 min, £3k max
Available to existing Members who have held a continuous membership with Skipton BS starting on or before 11th January 2024

Am I missing something? Is this only going to make £9 max extra over a year compared to ... say Santander at 5.2%? I hope I have the maths wrong!

That's correct. 

Santander pay interest monthly for me, Skipton annual and I am fairly well maxed out on PSA so it's not just the £9 but also a tax implication if I can shift some interest into next tax year. 

allegro120

pecunianonolet said:

Bobblehat said:

Bridlington1 said:

@soulsaver
Skipton BS Member Bonus Saver Issue 1 now 5.5% (includes a fixed bonus of 1.7% for 12 months)
£1 min, £3k max
Available to existing Members who have held a continuous membership with Skipton BS starting on or before 11th January 2024

Am I missing something? Is this only going to make £9 max extra over a year compared to ... say Santander at 5.2%? I hope I have the maths wrong!

That's correct. 

Santander pay interest monthly for me, Skipton annual and I am fairly well maxed out on PSA so it's not just the £9 but also a tax implication if I can shift some interest into next tax year. 

I normally prefer monthly interest, but now trying to relocate my money to accounts that pay annually. This is the first financial year where my interest is going to exceed £6k allowance, so I'm trying to push some of it to the next financial year where I will be able to add another £20k to ISA. I'm nor a millionaire, so it makes sense for me to do... as well as en extra £9 from Skipton and other little extras from other accounts. It all adds up.