The Top Easy Access Savings Discussion Area

Wheres_My_Cashback

mebu60 said:

Off topic FYI, no discussion required on merits or otherwise, may be useful information to some, others can ignore:
NS&I Premium Bond average increasing from 1.4% to 2.2% from next month (tax free). 

MrFrugalFever said:

Companies don’t seem to be so hot off the mark with rate increases this time round. Not seen any changes to my savings accounts since the increase to BR.

Nice to here about the PBs, but it's about time the 50K limit was raised along with ISA limits.

Think most organisations are waiting to see what the BoE does, but seeing as they've completely screwed things up already by not acting with larger increases, I don't hold out much hope !

meat_n2_reg

Does seems that banks are sitting on their hands regarding savings rate rises at the moment ...

jak22

Which banks?

The BoE isnt keen on raising rate at its scheduled meetings and isnt keen on an extra interim before November despite all the media headlines that as usual get confused between reporting the news and trying to influence events.

Retail banks / building socs dont want to raise savings rates and reduce profits except when they want to attract new funds or to avoid outflows - so they watch other banks even more than people here seem to

Rates will continue to rise - fixes have increased 0.9% in 3 months so we're already doing better than for years - its those with mortgages that will have real concerns

tg99

Re YBS withdrawals, to ensure funds are received by end of next business day can anyone confirm what the cut off time is? Thx 

Aidanmc

tg99 said:

Re YBS withdrawals, to ensure funds are received by end of next business day can anyone confirm what the cut off time is? Thx 

Not sure, but i think if its requested before midnight, it will be received by end of next buisness day

bristolleedsfan

tg99 said:

Re YBS withdrawals, to ensure funds are received by end of next business day can anyone confirm what the cut off time is? Thx 

YBS held my £1500 withdrawal this month, they answered it was due to most of my balance being withdrawn despite it being same pattern as every month this year as well as last year, they did not even attempt to contact me, I had to contact them following day after expected day of receipt of funds.

2010

Nationwide are still reviewing their saving accounts.
I`m expecting their triple access 15 to go from 1.75% to 2%.
It took them 18 days last time from the BoE meeting to decide.

Nick_C

bristolleedsfan said:

tg99 said:

Re YBS withdrawals, to ensure funds are received by end of next business day can anyone confirm what the cut off time is? Thx 

YBS held my £1500 withdrawal this month, they answered it was due to most of my balance being withdrawn despite it being same pattern as every month this year as well as last year, they did not even attempt to contact me, I had to contact them following day after expected day of receipt of funds.

YBS are very hot on suspicious activity.  I had a savings account suspended a couple of times.  But I was pushing very large amounts through it (thousands a week).

refluxer

I think it's safe to say that Chase's recent UK launch campaign has been successful in attracting new customers and that they have no reason/need to increase the rate on their Chase Saver account any time soon - presumably doing so would just add to their predicted losses.

JP Morgan's digital bank Chase hits 1 million UK customers

Nick_C

refluxer said:

I think it's safe to say that Chase's recent UK launch campaign has been successful in attracting new customers and that they have no reason/need to increase the rate on their Chase Saver account any time soon - presumably doing so would just add to their predicted losses.

JP Morgan's digital bank Chase hits 1 million UK customers

The savings account is brilliant.  I have 14 scheduled monthly payments going out of it to feed Regular Savers and current accounts with other institutions.  Just need to make one payment in each month from a high interest instant access account to keep the whole thing going.  I don't know of any account that would give me that level of functionality and 1.5% interest.  And it processes payments at the weekends and on bank holidays.