The Top Easy Access Savings Discussion Area

noh

ForumUser7 said:

Bit of a funny one, Nationwide Flex Instant Saver going to 2% from Wednesday according to a MoneyFacts article. However this rate is not yet showing in their comparison tables, or on the Nationwide website. Perhaps other Nationwide accounts will increase their rates from Wednesday too? Be amazing if they all went up by 1%, but I don't know how likely that is. https://moneyfacts.co.uk/news/banking/nationwide-bs-offers-market-leading-current-account-switching-deal/

Same story in the Express 
https://www.express.co.uk/finance/personalfinance/1677542/nationwide-building-society-switching-incentive-interest-rates-savings

roked

noh said:

ForumUser7 said:

Bit of a funny one, Nationwide Flex Instant Saver going to 2% from Wednesday according to a MoneyFacts article. However this rate is not yet showing in their comparison tables, or on the Nationwide website. Perhaps other Nationwide accounts will increase their rates from Wednesday too? Be amazing if they all went up by 1%, but I don't know how likely that is. https://moneyfacts.co.uk/news/banking/nationwide-bs-offers-market-leading-current-account-switching-deal/

Same story in the Express 
https://www.express.co.uk/finance/personalfinance/1677542/nationwide-building-society-switching-incentive-interest-rates-savings

Its on their media website https://www.nationwidemediacentre.co.uk/news/nationwide-launches-a-market-leading-gbp-200-current-account-switching-incentive I will be opening the saver account on wednesday, will be nice to move money around instantly again

ForumUser7

Thank you everyone who has posted links related to this.

Do people think other Nationwide rates will also increase on the 5th, or just that account? 

t1redmonkey

This is an ISA but probably worth mentioning here as well, Penrith BS have a 2.75% easy access cash ISA: https://www.penrithbs.co.uk/savings/tax-free-savings/

Unfortunately have to open via branch or post though.

soulsaver

Thanks @ForumUser7.

Skipton Easy Access added to the 'ToTP' ranked Top Easy Access accounts list..
..in new section 'Up Coming'.

Easy Access Saver - Skipton Building Society

Why? Well I don't think it's right that an account that actually pays only 1.40% should occupy a slot at 1.90% for the next 2 weeks until the 'promised' rate becomes available.

But it is worth knowing it's on its way, so it's included.

soulsaver

On the Skipton PDF it shows the triple access saver (formerly a ToTP) at 1.95% - but it's not on their available list on the website.. so it must be NLA? 1.95%

veryintrigued

soulsaver said:

Thanks @ForumUser7.

Skipton Easy Access added to the 'ToTP' ranked Top Easy Access accounts list..
..in new section 'Up Coming'.

Easy Access Saver - Skipton Building Society

Why? Well I don't think it's right that an account that actually pays only 1.40% should occupy a slot at 1.90% for the next 2 weeks until the 'promised' rate becomes available.

But it is worth knowing it's on its way, so it's included.

No Virgin linked saver on there yet SS?

2010

ForumUser7 said:

Thank you everyone who has posted links related to this.

Do people think other Nationwide rates will also increase on the 5th, or just that account? 

Nationwide took 18 days after the previous BoE rate rise and they are still dithering about the last rise.
Their triple access is still stuck at 1.75%, probably will go to 2% shortly but they are still well behind the rest of the pack.

SonOfPearl

Tesco have raised the rate on their Internet Saver to 1.91% (0.35% plus 1 year bonus of 1.56%)

https://www.tescobank.com/savings/flexible/internet-saver/

uptdale

The Nationwide press release says (footnote 6) "Existing members will benefit from the increase in their introductory rate for the remainder of their term i.e. if they have held account for 3 months, the new 2.00% rate will apply for the remaining 9 months of the introductory period."

What does that mean?  Does it mean long-standing members won't get the 2% rate on the Flex Instant Saver?  Or does it mean they will (for 12 months) if they haven't had a Flex Instant Saver before?