The Top Easy Access Savings Discussion Area

eskbanker

polymaff said:

Reminds me of the internet obstacles facing our neighbours in the welsh village of Penisarwaen...

I'm sure the residents of Scunthorpe will empathise....

adindas

I notice from my Virgin saving AC

Man Utd Double Take E-Saver Issue 7 is currently paying 1.45%

Double Take E-Saver Issue 12 is also currently paying 1.45%.

I am aware that this rate is variable so it could change anytime. Is there any news  regarding the rate reduction in the future for these accounts ??

After Marcus and Al-Rayan Slash their rate to 1.35% (effective)  this month/next month is there any better "limited" instants access saving ac than this Virgin saving AC ?

Thanks

colsten

There might be some short-term notice accounts which pay similar or more. IIRC, there was a 95-day one at 1.6% earlier this week

soulsaver

adindas said:

I notice from my Virgin saving AC

Man Utd Double Take E-Saver Issue 7 is currently paying 1.45%

Double Take E-Saver Issue 12 is also currently paying 1.45%.

Thanks

FI: Those issues aren't available to new customers. The available E-Saver pays 1.01% IIRC.

soulsaver

Have you noticed that you can't just put c.1.0% anymore? 1.2% now seems a material difference v. 1.0%..!

RG2015

adindas said:

I notice from my Virgin saving AC

Man Utd Double Take E-Saver Issue 7 is currently paying 1.45%

Double Take E-Saver Issue 12 is also currently paying 1.45%.

I am aware that this rate is variable so it could change anytime. Is there any news  regarding the rate reduction in the future for these accounts ??

After Marcus and Al-Rayan Slash their rate to 1.35% (effective)  this month/next month is there any better instants access saving ac than this Virgin saving AC ?

Thanks

I believe their Ts & Cs say they will give you 60 days notice of any rate decrease. As of today I have not received any emails of messages from them regarding my Double Take E-Saver Issue 10 currently paying 1.50%

PS See the post courtesy of @colsten on the thread on the link below.

https://forums.moneysavingexpert.com/discussion/comment/77100579#Comment_77100579

soulsaver

adindas said:

soulsaver said:

Have you noticed that you can't just put c.1.0% anymore? 1.2% now seems a material difference v. 1.0%..!

Is this about VM double take E-Savers ? I am aware you could have two penalty free withdrawals a year, and closing your account counts as a withdrawal.  You will not be able to close your account if you have already made two withdrawals in a calendar year.

I am not aware that now they will  not allow you to add money on it. is it the case that you can not anymore money into this account ??

I believe you can still fund the earlier issues if you already hold them. 
My soon-to-mature KRBS  FTB ISA is about to wing it's way to VM dbl take e-ISA (iss 11(w/o checking)) @1.45% pa opened 09/19. (Have I missed an opportunity for any more abbreviations...? lol)

adindas

Hi guys

What is the current rate of Marcus Saving please, I just checked my account a few minutes ago it was shown 1.35%? But I read somewhere that Marcus will remove the bonus rate (?) I do not rememebr I ever get this communication from Marcus

My bonus rate is 0.15% (renewed on 22/08/2019) my underlying rate is 1.20% (since May 7, 2020). Will I still get 1.20% + 0.15%. = 1.35% until 22/08/2020?

thanks

ColdIron

Yes unless they reduce the underlying rate before then

adindas

My Al Rayan saving was opened in September last year. I have not been following Al Rayan since recently. From my note Al Rayan Target Profit will drop from 1.60% - 1.35% on June 01.2020. I do not remember another communocation regarding the rate reduction.

What is the interest rate of this AC is it still the case that in June 1, the Interst rate will be 1.35%?

They do not allow a new SO to be set up any longer so I will gradually shift my SOs to other accounts.