The Top Easy Access Savings Discussion Area

Futuristic

Molehusband said:

JenniferK said:

Have Chase dropped the ball?  Still at 1.5% despite BOE rate rises.

It must be costing them a fortune for all the promotion and adverts they are placing on TV. I wouldn't even be surprised if they had to reduce the rate to recover all their enormous costs.

Chase them away as far as I'm concerned.

They burn money just like all start ups and fintech banks but they technically have infinite spending power. Sure they'll probably drop rates if they go lower but not expecting them to follow BoE rates nor does it say they do. They want people using their bank accounts (and soon additional services they will offer) not just sitting there with money (they already have that)

Thumbs_Up

Molehusband said:

JenniferK said:

Have Chase dropped the ball?  Still at 1.5% despite BOE rate rises.

It must be costing them a fortune for all the promotion and adverts they are placing on TV. 

What adverts? (Lol, inhouse joke)

GustyGardenGalaxy

As the interest rate has only just gone up should I wait until early next week for bank rates, etc to update and settle before deciding which is the best?

castle96

yes, of course

Rudyson

Coventry BS Four Access A/c (closed account) going up to 2.25% from 7th Oct.

castle96

Even though the above a/c is closed, if I stilll have £1 in it, can I pay in more?

2010

castle96 said:

Even though the above a/c is closed, if I stilll have £1 in it, can I pay in more?

Your T&C will tell you.

fryedslyce

castle96 said:

Even though the above a/c is closed, if I stilll have £1 in it, can I pay in more?

If you have a £1 in then it is still open and you can add up to the maximum of £250K

SonOfPearl

Full rate change notice from Coventry BS w.e.f. 7th October:
https://www.coventrybuildingsociety.co.uk/content/dam/cbs/member/pdfs/savings/rate-change-notice.pdf

Kazza242

castle96 said:

Even though the above a/c is closed, if I stilll have £1 in it, can I pay in more?

Regarding the Coventry BS Four Access Saver: 

I think Rudyson means that the account is no longer available to new customers.  Customers that already have the account can continue making deposits into it.