The Top Easy Access Savings Discussion Area

eskbanker

castle96 said:

Mr._H_2 said:

Olinda99 said:

3 members of MPC voted for 0.5% so rates could go even higher soon

They are expecting to reach 2.5% at some point in 2023.

source?.......................

source?..........

https://www.bankofengland.co.uk/monetary-policy-report/2022/may-2022

The Committee’s updated central projections for activity and inflation are set out in the accompanying May Monetary Policy Report. The projections are conditioned on a market-implied path for Bank Rate that rises to around 2½% by mid-2023, before falling to 2% at the end of the forecast period.

BigBlueSky

What are Zopa and/or Aldermore like for speed of transfers in/out ?

wiseonesomeofthetime

In this article, the OBR suggest 3.5% could be likely too! 

BBC News - Interest rates: What are they and how high could they go?

https://www.bbc.co.uk/news/business-57764601

janusdesign

BigBlueSky said:

What are Zopa and/or Aldermore like for speed of transfers in/out ?

a Zopa SS deposit was very quick, not made any withdrawals yet; I made a withdrawal from Aldermore before 1:50pm today and it's already arrived in the nominated account... it's been a while since I made a deposit to Aldermore from a nominated account, so can't remember the time that takes... though sometimes it has been next day I think.

typistretired

Coventry BS just emailed increasing interest rates from 1st June on those not fixed

VKE

BigBlueSky said:

What are Zopa and/or Aldermore like for speed of transfers in/out ?

Zopa transfer took under 1 hour

intalex

Atom this morning up to 1.24% Gross / 1.25% AER

typistretired

Intalex great news about atom

jaypers

Well done to Atom for acting quickly.

Will be interesting to see what the other institutions do. Can’t see Chase increasing…….suspect they played a bit of a blinder here, knowing what would be happening with rates and acting early to attract market share. 

mlc2009

I hope NSANDI increase the rates on directsaver etc 
Hope is a big word though