The Top Easy Access Savings Discussion Area

murphydavid

Atom Bank instant "We've increased the interest rate on your Instant Saver account from 0.50% to 0.65%."

eskbanker

typistretired said:

I opened the Rainy day saver with YBS the other day at 52% be nice if that increases too. Not a word from Marcus about increase in savings rate

Typing skills have obviously deteriorated post-retirement then....

typistretired

Ha ha just noticed. I actually wasn’t a typist. Typistretired  actually means I learnt to type once I retired grammar schools never taught typing then. Sorry should have said 0.52% 

Primrose

I smiled about your "typing" comment. When my husband was made redundant from a junior managerial job back in the late 1970s - long before computers ever became "personal equipment"  - he persuaded his company to fund him on an intense typing skills course.  His fellow managers at the time thought he was crazy to want to obtain a "Secretary's qualification".   By the time personal computers were landing on managers desks and they were all struggling hesitantly with their two fingers, my OH was whizzing along on a keyboard like an express train.  How office life  has changed !

typistretired

Ford have increased interest rate on their flexible saver to 0.63% from today 1st February 2022

cx6

Rates up to 0.5% today so maybe some movement in savings rates?

refluxer

cx6 said:

Rates up to 0.5% today so maybe some movement in savings rates?

Hopefully ! The last increase took about 6 weeks to be passed on to customers and only by a handful of banks and building societies, so it'll be interesting to see if more start to fall in line this year as rates rise.

If Tesco pass on the rise again, those lucky enough to have the 0.84% Internet Saver could see it breaking 1% ?

ColdIron

I have one of these but Tesco can be patchy about rate rises, the recent one notwithstanding. A few years ago when rates dropped 0.25% they lowered theirs by 0.35%. When they rose by 0.25% they only raised theirs by 0.15%. But I live in hope

whatleytom87

Would have thought limited chance of a Tesco pass on given their current funding position. 

Market as a whole appears awash with liquidity which for now is somewhat nullifying the BoE's moves. In the short term at least the pass-on's appear limited to the small/medium building societies and a handful of challengers. Bank's look set to make hay with increased lending margins and margin widening to Savings. Until such a time as the cost of living changes impact the amount of liquidity the bigger banks currently have then it's likely to be fairly slim pickings in the short term.    

wiseonesomeofthetime

Dudley Building Society - NOT changing their rates. Customers informed by email this afternoon.

Coventry BS - Twitter: Reviewing their rates. Don't call them. They'll call you.