The Top Easy Access Savings Discussion Area

Ifts

ashteadgirl said:

RCI  Flexible Savings Account - rate increase

Freedom Savings Account was automatically increased from 0.55% AER gross variable to 0.70% AER gross variable on the 18th of February 2022.

Yes I received the email today too:

As usual, RCI Bank will increase the rate we offer to our existing Freedom Savings Account customers to match the higher rate we are offering to our new customers. This means the rate on your Freedom Savings Account was automatically increased from 0.55% AER gross variable to 0.70% AER gross variable on the 18th of February 2022.

It is good of RCI to raise the rate automatically.

I know it can be a headache with some providers when they bring out a better rate, when you ask they won't let you re-designate your old account to the new issue and instead you have to open a new account with a new account number - which means you then have the hassle of setting up new payee details in the linked account.

Aldermore - also do this and raise the rate for existing customers in line with their latest offer. 

Shawbrook - also let you re-designate old account to the new issue when there is a rate increase, secure message them asking to change account to latest issue (thanks tg99).

tg99

Deanbrid said:

tg99 said:

For info Shawbrook now released issue 29 of their easy access saver paying 0.72% versus 0.67% for previous issue….for existing customers you don’t need to open a new account you can just secure message them asking to change account to issue 29.

Thanks for the info was wondering how to get the new issue.  Do they normally reply to the secure message fairly quickly. 

Yep normally within 1-2 working days. I messaged them over the weekend and had a response earlier today.

Deanbrid

tg99 said:

Deanbrid said:

tg99 said:

For info Shawbrook now released issue 29 of their easy access saver paying 0.72% versus 0.67% for previous issue….for existing customers you don’t need to open a new account you can just secure message them asking to change account to issue 29.

Thanks for the info was wondering how to get the new issue.  Do they normally reply to the secure message fairly quickly. 

Yep normally within 1-2 working days. I messaged them over the weekend and had a response earlier today.

Messaged them yesterday they replied today, new rate all sorted now, good service. Thanks for the advice

GalacticaActual

Yorkshire Building Society have launched Issue 10 of their Internet Saver Plus and Internet Saver ISA Plus paying tiered interest between 0.60% and 0.70%.

Its Access Saver Plus Issue 7 pays between 0.50% and 0.70% (branch/post account). The Access Saver ISA Plus Issue 8 pays between 0.50% and 0.70% also.

YBS website: View our Easy Access Savings Accounts | Savings | YBS

"Yorkshire Building Society launches two new easy-access savings rates which reward those with bigger balances"

Best buy savings rates: Yorkshire ups easy-access deals | This is Money

typistretired

The good thing about getting Shawbrook customer services to move money to issue 29 is you keep same account number

dc_scotland

I picked up an update today to the Android version of the Marcus app.  No info given on what the update includes, but one thing I see now that I was not previously aware of is the option to renew the bonus rate. I think that could only be done via online banking before.

wiseonesomeofthetime

Yup. Just renewed it again (for what it's worth), this time via app.

Previously, had to log into online banking, as you said.

typistretired

Not bothering updating bonus until they increase it. Experts expect BOE interest rate to go up to 1.25% this year.

baldeagle09

Easy Access savings increasing to 1% from 1st March for Virgin Money savers. Must have a linked Current Account
https://www.thisismoney.co.uk/money/saving/article-10528037/Best-buy-savings-Virgin-Money-offering-1-current-account-customers.html

kaMelo

dc_scotland said:

I picked up an update today to the Android version of the Marcus app.  No info given on what the update includes, but one thing I see now that I was not previously aware of is the option to renew the bonus rate. I think that could only be done via online banking before.

It was possible to do in the app, it just wasn't the easiest thing to find requiring tapping through a couple of menus to get there.