The Top Easy Access Savings Discussion Area

meat_n2_reg

Will wait for a week then bye bye zopa if no increase 

Stevo_safc

Are the separate pots system that Zopa do a common thing across savings providers? I like being able to split my money into different pots for different purposes like one for holidays one for next car etc.

Daliah

Stevo_safc said:

Are the separate pots system that Zopa do a common thing across savings providers? I like being able to split my money into different pots for different purposes like one for holidays one for next car etc.

Most providers don't, but some do. Virgin, TSB and Chase do - but you won't necessarily get the best rates with them. You can always use a simple spreadsheet to create virtual pots for yourself. This leaves you free to choose the best rates

wiseonesomeofthetime

Daliah said:

Stevo_safc said:

Are the separate pots system that Zopa do a common thing across savings providers? I like being able to split my money into different pots for different purposes like one for holidays one for next car etc.

Most providers don't, but some do. Virgin, TSB and Chase do - but you won't necessarily get the best rates with them. You can always use a simple spreadsheet to create virtual pots for yourself. This leaves you free to choose the best rates

"You can always use a simple spreadsheet to create virtual pots for yourself." 👍

This is my method. 

You get one clump of interest then too, instead of odd pennies in each pot. May work for some, but not me. It's all psychological though tbh, in my case.

wiseonesomeofthetime

S_uk said:

I was hoping that Zopa might increase their rates today, but I just noticed their reply to someone's tweet asking about this:

"Our smart saver accounts were recently increased on the 13th of September. There is currently no scope to increase the amount again this month. We will inform everyone publicly when this is due to change again."

I wonder if Atom Bank will take the same stance, bearing in mind they raised the rate on their Instant Saver on the morning of the BoE announcement, possibly hoping people will think it reflected what was to come, not what had passed!

AndyTh_2

October is nearly here "There is currently no scope to increase the amount again this month'

S_uk

AndyTh_2 said:

October is nearly here "There is currently no scope to increase the amount again this month'

Yes I did think that technically they could put up their rates a week today (1st Oct), although if that was the case I'm not sure if they would've bothered putting out that particular statement.

Oasis1

I'll give Zopa benefit of the doubt for a couple of weeks whilst monitoring other options.

Daliah

The only money I still have in Zopa is what's in the 95 day notice account. The rest was moved out beginning of the month, and I can't wait for my notice period to end. Shame, I really love their app.

Wheres_My_Cashback

S_uk said:

I was hoping that Zopa might increase their rates today, but I just noticed their reply to someone's tweet asking about this:

"Our smart saver accounts were recently increased on the 13th of September. There is currently no scope to increase the amount again this month. We will inform everyone publicly when this is due to change again."

The social media team who wrote this are extremely unlikely to be privvy to any info regarding future rate increases and are only able to send out scripted approved responses on such matters.

This message is absolutely no indication of whether rates will increase or not.