The Top Easy Access Savings Discussion Area

CuparLad

There was an interesting discussion on Radio 4 this morning about where inter-bank Swap Rates are likely to land. The suggestion was 4.5% for the end of 2024, but 2% for the end of 2025, indicating that most of the pain (for savers) will come next year with interest rate cuts being limited this year. Probably explains why most rates have stayed as they are. 

Ford Money seem slightly out of alignment, but that's perhaps more a reflection of their own situation than wider market sentiment. At the moment it seems that "sit tight" is the mantra unless you want some certainty, in which case a trip over to the Fixed Rate Board might be an idea.

Pompeydave1967

Interesting discussion on radio 4 so I’ve just gambled on a 5 yr 4.5% fixed with Atom. Can’t see many more 5 years deals coming up .

friolento

Pompeydave1967 said:

Interesting discussion on radio 4 so I’ve just gambled on a 5 yr 4.5% fixed with Atom. Can’t see many more 5 years deals coming up .

That’s not very easy access, a 5 year fix?

Pompeydave1967

I know but with rates dwindling I think fixed is the way to go now for a guaranteed rate.
Still have plenty in easy access for daily use etc .

mrbuster

But is this not the easy access thread?

Pompeydave1967

This is easy access related , just saying I’ve taken loads out of easy access and fixed up for 5 years as I see that’s the way to go.
If what they say is true 4.5 down to 2.5 end of next year EA then prob a good idea to fix now.

Bigwheels1111

I have 5 and 7 yar fixed rates, quite a few easy access and 9 regular savers.10 by the end of the week.

Isbank via Raisin 4.5% for 5 or 7 years.

jimexbox

Telegraph have reported wage growth end of 2023 was higher than expected, at 6.2%. Economists were forecasting 6%. Which will reduce the expectations of an early rate cut. 

Martico

I've got an ISA with Wealthify, and they've just introduced an EA savings account (via ClearBank) that's currently at 4.91% AER (4.8% gross). Says it's tracked at 0.45% gross below the BoE base rate. Not the best, but not too shabby

Zopa_Trooper

Just had a message from MONEYBOX, they are introducing a easy access saver at 5% AER. I believe it's just for customers that already have a maxed-out ISA with them. Not a bad fall back to have in case others drop their rates.