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  • typistretired
    typistretired Posts: 2,099 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    typistretired said: hi
    2010 said:
    Fix today and you can bet there'll be a higher rate tomorrow.
    Nobody knows how high rates will rise and how fast.
    I have a fixed with OakNorth and they have increased it to 2.85% last Friday. So some increase fixed accounts
    If it's a fixed account and they raise the interest rate after you have opened it.....what part of the account qualifies it as fixed ?
    I’m just happy they have increased to 2.85% not really bothered about why.
    "Look after your pennies and your pounds will look after themselves"
  • typistretired
    typistretired Posts: 2,099 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    My profuse apologies they sent me an email saying they had increased their fixed rates and 12 months was now 2.85%. Just logged into app and is showing as 2.69%. Only opened a few days ago which caused me to get confused. Sorry for posting incorrect information
    "Look after your pennies and your pounds will look after themselves"
  • Masetw
    Masetw Posts: 19 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Looking to move my savings to an account where im not getting 0.1% interest!

    What would people suggest is the best for easy access?

    Also should I wait due to interest rates going up or move now and hope for the best!
  • Bridlington1
    Bridlington1 Posts: 3,755 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    Masetw said:
    Looking to move my savings to an account where im not getting 0.1% interest!

    What would people suggest is the best for easy access?

    Also should I wait due to interest rates going up or move now and hope for the best!
    I'd move now. 0.1% interest is abysmal and if rates rise you can just move it again. As for the best easy access, see soulsaver's post on page 644 of this thread. I'd also look at regular savers as many of those are easy access and a few beat all of these easy access accounts.
  • Masetw
    Masetw Posts: 19 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Masetw said:
    Looking to move my savings to an account where im not getting 0.1% interest!

    What would people suggest is the best for easy access?

    Also should I wait due to interest rates going up or move now and hope for the best!
    I'd move now. 0.1% interest is abysmal and if rates rise you can just move it again. As for the best easy access, see soulsaver's post on page 644 of this thread. I'd also look at regular savers as many of those are easy access and a few beat all of these easy access accounts.
    I was looking at the Virgin Money 1.71% savers but I see it requires a current account and 2 direct debits set up. Is moving bank that easy these days? As i am 31 now and been with Halifax since i was 16!
  • Pompeydave1967
    Pompeydave1967 Posts: 249 Forumite
    Third Anniversary 100 Posts Name Dropper
    edited 6 August 2022 at 8:35PM
    Chase , atom , Shawbrook all easy to open with 1.5 , 1.35 , 1.75 rates. I opened a Shawbrook yesterday and just had to forward basic details on along with my HSBC details for withdrawals.
    Shawbrook min £1000 though and min £500 withdrawal.
    chase works for me really well on my iPhone .
  • Also chase 1% cash back on most purchases . Just waiting for them to up % rate now to stay competitive but I’ve had no issues and will keep a/c open regardless.
  • typistretired
    typistretired Posts: 2,099 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Masetw you do not need direct debits for Virgin Current Account. Sometimes Virgin has special offers for transferring your account 
    "Look after your pennies and your pounds will look after themselves"
  • ranciduk
    ranciduk Posts: 729 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Chase , atom , Shawbrook all easy to open with 1.5 , 1.35 , 1.75 rates. I opened a Shawbrook yesterday and just had to forward basic details on along with my HSBC details for withdrawals.
    Shawbrook min £1000 though and min £500 withdrawal.
    chase works for me really well on my iPhone .
    With shawbrook you can put in less than £1000

    its just you only get 1.75% once you deposit a minimum of £1000
  • Yes correct £1000 to get higher rate , thanks ranciduk
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