The Top Easy Access Savings Discussion Area

Futuristic

Chase are following same play book as Marcus, offering leading rate for few months the not increasing for long time (most likely). Until people actually leave/close it wont matter to them and they will recoup the initial offset of offering high rate. I think Marcus only recently started increasing rates probably because people left for Chase finally and they lost a lot of customers.

Also Chase actually have one of the best (if not the best) travel cards and soon they will probably offer investment products (hint their nutmeg acquisition) and rumors of chase app investment products coming soon which I assume are more important than just savers hopping around

Daliah

jimexbox said:

isasmurf said:

MiserlyMartin said:

Mr._H_2 said:

pearl123 said:

Pompeydave1967 said:

I was hoping to see 1.75 / 1.8 % on my chase app this morning but no luck. Love the app etc but could do with higher rate .

I just pulled nearly all my money out of Chase. 

To everyone hoping/wanting Chase to raise rates: this is what you need to do. There is no incentive for Chase to raise their rates if people don't move their capital away once the rates are uncompetitive.

 I asked Chase CS to ask them if they plan to raise rates and the reply back was they are not linking the accounts interest rate with the BofE bank rate. So no. I replied that they will find I and everyone else will mass withdraw all their money so it's fine by me if they don't want our money anymore.

They are not interested in savings balances as they are not a savings bank.  The purpose was to get you to sign up to the current account to try it and keep a set percentage of customers who signed up off the back of the savings rate.  Unless there is a mass closing of current accounts beyond the level they have set they won't particularly care if you withdraw all your savings.  

As soon as my Chase cashback ends, I'll only use them holidays. Zero balance with zero use. 

I won't even use them for holidays as I already have the Halifax Clarity as well as debit cards from Starling and Wise. My cashback will end very shortly, and I have already stopped using the Chase card in supermarkets as I get 1% cashback with my credit card and I find managing my budget so much easier with a credit card as I don't need to constantly check whether I have enough money in my account for a given purchase.

I will keep my accounts with them, though, with zero balances, in case they come up with something that I value and that I can't get elsewhere.

Back to the subject of this thread: easy access savings. I removed every last penny from my Chase savings account in the first week of June. With Faster Payment almost everywhere, it's ever so easy to move money about, and I see no reason why any bank should have my money if they are not prepared to pay top notch for it. This includes the VM Plus and Zopa instant access savers, and anyone else paying less than Al Rayan, at present.

Wheres_My_Cashback

Once again Chase having one of it's many IT problems. All card payments being declined for the past hour.

Lynsey89

Can anyone tell me where I can find my reference number for Gatehouse.
on my email from them it just says ‘generated at the end of your online application’ but I didn’t make a note of it as i assumed it would be in the email.

MiserlyMartin

Wheres_My_Cashback said:

Once again Chase having one of it's many IT problems. All card payments being declined for the past hour.

Yes I had that problem too. Was setting up a new account and ready to move money out of chase savings. Couldn't make my initial deposit, anyone might suggest it was crashing under the weight of withdrawals

MiserlyMartin

Nick_C said:

MiserlyMartin said:

Well I'l close my current account as well then. Stick it to them (after the 1% cashback runs out)

If you ever buy anything outside of the UK, presumably you have other cards which give you a perfect exchange rate on foreign currency transactions.

And I presume you never need cash from an ATM in the US.

I do have the clarity card and the santander zero card. Yeah but I'll give you that it's good for worldwide cash withdrawals. I did used to go to the USA a lot but I wouldn't go there now, gone right off it, since covid. That goes for Canada, NZ  & Oz too.

BigBlueSky

Lynsey89 said:

Can anyone tell me where I can find my reference number for Gatehouse.
on my email from them it just says ‘generated at the end of your online application’ but I didn’t make a note of it as i assumed it would be in the email.

Are you wanting your reference number in order to make your initial deposit ?

If so, when you have logged in, you can view the account details for your deposit, but it will also show to use your account number as the reference (instead of the reference number)

infoadict

BigBlueSky said:

Lynsey89 said:

Can anyone tell me where I can find my reference number for Gatehouse.
on my email from them it just says ‘generated at the end of your online application’ but I didn’t make a note of it as i assumed it would be in the email.

Are you wanting your reference number in order to make your initial deposit ?

If so, when you have logged in, you can view the account details for your deposit, but it will also show to use your account number as the reference (instead of the reference number)

Now I'm confused.

I took a screenshot of my application and it gives me my Account Reference Number - as 95.......(9 digits). Further down it tells you how to make a deposit from your bank using their account sort code and account number and this reference number followed by surname.

But when I login to my account as you suggest it gives my Account Number as EAA66..........+ first 3  letters of my surname.

Which of the two do I use to set up from my bank?

EDIT - Sorry - why should I ask you when I should simply have asked Gateway.

They say both are fine, so it doesn't matter.

Also asked if a test payment below £1,000 would be accepted, but it won't and will be rejected. But you will receive an email telling you this, so you will know the account has been set up correctly.

isasmurf

Cynergy now 1.85%. I think this is an increase to the underlying rate as it is still Issue 53

AndyTh_2

I've just fast track applied to it and it's open (I didn't have a Issue 53 before because other banks/BS had better rates), but it wont tell me the issue until tomorrow, by which point if it was an error on the product page, will be updated anyway.

Someone I know has the issue 53, which still says the 1.6% rate, but if the increase was definitely on issue 53 that could still be reflected tomorrow.