The Top Easy Access Savings Discussion Area

RG2015

WillowLea1962 said:

fwdrew said:

Atom Bank seem to be extremely slow this time, rates way down the list. I like them but they are not competitive enough have just drawn my money out and moved.  

Atom last moved their rate for Instant Access on 16th June 

Which is a day after the last BoE rate rise and the previous increase was also the day after the BoE rate rise.

5/5/22 BoE up 0.25%, Atom rate up 0.25%
16/6/22 BoE up 0.25%, Atom rate up 0.10%
4/8/22 BoE rate up 0.50%, Atom rate up x.xx%

Will the Atom rate go up by 0.50% to 1.85%?

CompulsiveSaver

Kazza242 said:

The Shawbrook Easy Access Account (issue 29) is now paying 1.75%

https://www.shawbrook.co.uk/direct/savings/personal-savings/easy-access-savings-accounts/

Interesting (as posted on the banking board), that means Premium bond yield is the same as this for basic rate taxpayers.

and also that means the likes of the Halifax Reward current account that paid £5 every month, you might be better off keeping it in a savings account (again)...

soulsaver

CompulsiveSaver said:

Kazza242 said:

The Shawbrook Easy Access Account (issue 29) is now paying 1.75%

https://www.shawbrook.co.uk/direct/savings/personal-savings/easy-access-savings-accounts/

Interesting (as posted on the banking board), that means Premium bond yield is the same as this for basic rate taxpayers.

and also that means the likes of the Halifax Reward current account that paid £5 every month, you might be better off keeping it in a savings account (again)...

You are and always were. But that's a discussion for another thread... and been done a fair few times already.

Oasis1

I got impatient waiting to see other interest rates rise and opened a Shawbrook account

Early verdict: Easy to open new account but website navigation not the best. Transferred £1k from Nationwide and now waiting for it to show up in the new account. Then will transfer rest from Chase, via Nationwide.

RobfromCornwall

Oasis1 said:

I got impatient waiting to see other interest rates rise and opened a Shawbrook account

Early verdict: Easy to open new account but website navigation not the best. Transferred £1k from Nationwide and now waiting for it to show up in the new account. Then will transfer rest from Chase, via Nationwide.

I'm doing the exact same thing.  Pleased to see how quickly the account was open and viewable online - it was instant.  The initial deposit is taking a while to show, however. 

Oasis1

RobfromCornwall said:

Oasis1 said:

I got impatient waiting to see other interest rates rise and opened a Shawbrook account

Early verdict: Easy to open new account but website navigation not the best. Transferred £1k from Nationwide and now waiting for it to show up in the new account. Then will transfer rest from Chase, via Nationwide.

I'm doing the exact same thing.  Pleased to see how quickly the account was open and viewable online - it was instant.  The initial deposit is taking a while to show, however. 

Yeah it's been half an hour now. Also, website still proving not to be the best - logs me out if I try to view more than one of the messages on my account. Hopefully once I've put all my savings into it, I won't have a need to use the website often!

2010

So Shawbrook didn`t increase by .5%, doesn`t bode well for people waiting on others to move their rates!

Full cut downwards but only half upwards.

zxspeccy

MrFrugalFever said:

Tandem has just increased to 1.65% (instant access).

A 0.3% increase, but wasn't expecting the full 0.5% Base Rate rise to be passed on. At least they acted quickly.

BigBlueSky

Oasis1 said:

Yeah it's been half an hour now. Also, website still proving not to be the best - logs me out if I try to view more than one of the messages on my account. Hopefully once I've put all my savings into it, I won't have a need to use the website often!

Someone said earlier (when I was thinking of opening a Shawbrook account) that the funds show up the next day if made before 2:30pm.  That is what put me off opening an account and why I'm holding out for some of the others to increase their rates soon.

castle96

Still sitting with Virgin at 1.71 rather than Shawbrook at 1.75 (would need to open). Willl wait a while for things to settle, or new ones pop up