The Top Easy Access Savings Discussion Area

Shedman

it shows how bad and sad things are for savers when we have pages of argument and counter argument over a measly 0.15% p.a. 😅

RG2015

Shedman said:

it shows how bad and sad things are for savers when we have pages of argument and counter argument over a measly 0.15% p.a. 😅

It’s not so much the rate, but rather the principle.

When someone claims that a post by Tesco Bank, on their official Twitter site is unreliable, this needs to be called out.

djpailo

Disappointing that we have seen barely any rises. If the base rate had decreased they all would have reduced the rates across the board. 

Primrose

As always savers.seem to be the last to benefit in this equation even though we,re probably the bedrock of the economy.     Right now though I suppose the government would prefer us to spend all our surplus miney rather than save it to get the Covid economy moving again. 

where_are_we

BOE base rate is likely to rise in 2022. There will be opportunities for better savers rates in the coming year. Act quickly when one of these occurs. Patience is a virtue.

Primrose

The dilemma of course is for anybody with a 1 year notice account, maturing imminently, rather than an easy access account, wondering when better deals might be available. Possibly better to move it into an easy access account temporarily and hover patiently? 

dc_scotland

Ford Money has increased its Flexible Saver rate for new and existing customers from 0.50% to 0.60% effective from today.

UncleK

Excellent! Applied and got sorted within minutes.
Gives me another chance to whinge about Charter Savings Bank - they are now 3 months and counting since we applied!

wiseonesomeofthetime

I'm lucky enough to soon to be having an 0.84% Tesco rate, though do have 0.65 at Tandem and 0.6 at Marcus as well.

Starting to reduce my accounts though as the gains are minimal, and of course all are losses in terms of future spending power atm. 

RG2015

wiseonesomeofthetime said:

I'm lucky enough to soon to be having an 0.84% Tesco rate, though do have 0.65 at Tandem and 0.6 at Marcus as well.

Starting to reduce my accounts though as the gains are minimal, and of course all are losses in terms of future spending power atm. 

In case it was actually ever in doubt, Tesco Bank have “officially” confirmed that their underlying interest rate will increase to 0.25% on 11 January 2022.

Sadly, my last account will only get 0.74%.

https://www.tescobank.com/savings/