The Top Easy Access Savings Discussion Area

soulsaver

ToTP updated. Cut back to Zopa at 15th!

Nova1307

Is anyone taking the plunge with the Atom 1 year fixed deposit account at 4.1%? I have some money in easy access earning 2% and wasn't sure if it's worth waiting for further rate hikes or start earning 4.1% now. I would guess the next rate hike won't be more than 0.5% and so am thinking it might be best to take the 4.1% now.

t1redmonkey

Nova1307 said:

Is anyone taking the plunge with the Atom 1 year fixed deposit account at 4.1%? I have some money in easy access earning 2% and wasn't sure if it's worth waiting for further rate hikes or start earning 4.1% now. I would guess the next rate hike won't be more than 0.5% and so am thinking it might be best to take the 4.1% now.

Next rate hike is expected to be 1% I believe so might see some big changes across the board if that does happen.

Nova1307

t1redmonkey said:

Nova1307 said:

Is anyone taking the plunge with the Atom 1 year fixed deposit account at 4.1%? I have some money in easy access earning 2% and wasn't sure if it's worth waiting for further rate hikes or start earning 4.1% now. I would guess the next rate hike won't be more than 0.5% and so am thinking it might be best to take the 4.1% now.

Next rate hike is expected to be 1% I believe so might see some big changes across the board if that does happen.

Thanks. Do you know when the next BoE rate review is? I guess there could be an emergency hike if the there's another incident like with the pension funds. 

t1redmonkey

Nova1307 said:

t1redmonkey said:

Nova1307 said:

Is anyone taking the plunge with the Atom 1 year fixed deposit account at 4.1%? I have some money in easy access earning 2% and wasn't sure if it's worth waiting for further rate hikes or start earning 4.1% now. I would guess the next rate hike won't be more than 0.5% and so am thinking it might be best to take the 4.1% now.

Next rate hike is expected to be 1% I believe so might see some big changes across the board if that does happen.

Thanks. Do you know when the next BoE rate review is? I guess there could be an emergency hike if the there's another incident like with the pension funds. 

November 3rd.  Don't think they will do an emergency rate hike now, if they would've done then it would've been in the last couple of weeks most likely.  But there is some speculation on what happens on 14th October when the BOE stop their temporary purchases of long dated bonds.

razord

Is Nationwide the best account with "instant" withdrawals atm then (albeit, only 3 of them) - All the higher ones seem to be next working day?

Daliah

razord said:

Is Nationwide the best account with "instant" withdrawals atm then (albeit, only 3 of them) - All the higher ones seem to be next working day?

My withdrawals from Al Rayan are pretty much instant during business hours. 

Expotter

razord said:

Is Nationwide the best account with "instant" withdrawals atm then (albeit, only 3 of them) - All the higher ones seem to be next working day?

I've always found Cynergy Bank to be pretty quick as well and no restrictions on withdrawals.

chris_the_bee

razord said:

Is Nationwide the best account with "instant" withdrawals atm then (albeit, only 3 of them) - All the higher ones seem to be next working day?

Nationwide Triple Access is 2.1% but Nationwide Flex Instant allows unlimited instant withdrawals at 2.0%. Virgin is 2.02% on max £25K but although it is instant you are limited to withdrawing £1,000 a day. EDIT: £1K/day limit applies to online banking, but not to use of the app.

kaMelo

chris_the_bee said:

razord said:

Is Nationwide the best account with "instant" withdrawals atm then (albeit, only 3 of them) - All the higher ones seem to be next working day?

Nationwide Triple Access is 2.1% but Nationwide Flex Instant allows unlimited instant withdrawals at 2.0%. Virgin is 2.02% on max £25K but although it is instant you are limited to withdrawing £1,000 a day.

No you're not