The Top Easy Access Savings Discussion Area

Section62

akh43 said:

Email from Saga to say going up to 1.80% (inc bonus) from 19 Oct, not enough to tempt me back.

If you've already got an account then the difference between your email and the one other people are getting (going up to 2% including bonus) might suggest you aren't getting the full 0.25% bonus currently available?

Worth renewing the bonus to the current level from time to time, just in case they increase the underlying rate but reduce the bonus then being offered.  Even if you aren't planning to fund the account for the time being.

akh43

Section62 said:

akh43 said:

Email from Saga to say going up to 1.80% (inc bonus) from 19 Oct, not enough to tempt me back.

If you've already got an account then the difference between your email and the one other people are getting (going up to 2% including bonus) might suggest you aren't getting the full 0.25% bonus currently available?

Worth renewing the bonus to the current level from time to time, just in case they increase the underlying rate but reduce the bonus then being offered.  Even if you aren't planning to fund the account for the time being.

Just checked the email again and I have misread it 😳 My account is still showing 1.80% now as the new rate does not start until 18th, I do have the 0.25% bonus already, I keep renewing it, but 2% still not enough to tempt as just opened the santander 2.75%

karlie88

Wheres_My_Cashback said:

phillw said:

Wheres_My_Cashback said:

I'll l put money on Al Rayan beating 2.75% within a week now.

Maybe, but they might not be trying to attract customers that are going to jump on every interest rate hike

History tells me that they will as they have consistently been at/equal to the top for the past few years.

History also tells us that they usually react within hours of being beaten. It's been over 3 days now and it'll be closer to a week by the time they're open again.

Al Rayan know that Santander will withdraw its product and Cynergy will probably do the same; which would then put them back at the top for a £5k> easy access saver.

The only way I see Al Rayan increasing its rate is if someone else matches or beats it within a 0.0-0.1% barrier.

Olinda99

Not sure Santander will withdraw the eSaver early - there is another 0.75% base rate rise on the cards....

Section62

Olinda99 said:

Not sure Santander will withdraw the eSaver early - there is another 0.75% base rate rise on the cards....

...in which case they could launch a brand-new headline-grabbing interest rate product, rather than still having the somewhat tired and jaded eSaver at a measly 2.75%.

The eSaver will go when they've filled their quota, or when 'until 1 November' arrives. The next scheduled MPC meeting is two days after that.

S_uk

Section62 said:

The eSaver will go when they've filled their quota, or when 'until 1 November' arrives. The next scheduled MPC meeting is two days after that.

I wonder if we'll see an easy access account offering 3.00% that week. Maybe it'll be a bit later than that but who knows. Everyone'll be piling out the Santander account unless they up their rate to match.

andyhicks88

Just got a letter with one half of the online banking set up details for the Santander....trouble is it's "letter 2 of 2" and completes the info I "should have already received in Letter 1"....

Let's hope they just sent the letters out of order and I get it early next week otherwise we aren't off to a great start....

Bobblehat

andyhicks88 said:

Just got a letter with one half of the online banking set up details for the Santander....trouble is it's "letter 2 of 2" and completes the info I "should have already received in Letter 1"....

Let's hope they just sent the letters out of order and I get it early next week otherwise we aren't off to a great start....

I got both of mine the same day .... kind of negates the reason for sending them in two letters!

Further, as an existing customer I already have a perfectly good customer ID and didn't need the new one issued when I opened the eSaver. Quick phone call to Santander CS sorted it out and they offered to delete the new ID as the only advantage was that it added Telephone banking, which I don't do. I have noticed over the years with Santander that they always seem to do things "differently" to other Banks .... Hey Ho!

ranciduk

Got a text from shawbrook saying EA now 2%

Still 1.81 on website though 

km1500

BOE says interest rate rise next month could be higher than expected. 2.75% could look poor ...


https://news.sky.com/story/interest-rate-rise-could-be-higher-than-expected-next-month-bank-of-england-chief-suggests-12721123