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The Top Easy Access Savings Discussion Area

edited 20 October 2017 at 3:54PM in Savings & investments
13.5K replies 2.8M views
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  • karlie88karlie88 Forumite
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    phillw 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.
    :grouphug: :D Official MSE canny forumite and HUKD VIP badge member :D :grouphug:
  • edited 15 October 2022 at 7:36AM
    Olinda99Olinda99 Forumite
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    edited 15 October 2022 at 7:36AM
    Not sure Santander will withdraw the eSaver early - there is another 0.75% base rate rise on the cards....
  • Section62Section62 Forumite
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    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_ukS_uk Forumite
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    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.
  • edited 15 October 2022 at 2:11PM
    andyhicks88andyhicks88 Forumite
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    edited 15 October 2022 at 2:11PM
    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....
  • BobblehatBobblehat Forumite
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    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!
  • rancidukranciduk Forumite
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    Got a text from shawbrook saying EA now 2%

    Still 1.81 on website though 
  • km1500km1500 Forumite
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    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
  • ExpotterExpotter Forumite
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    km1500 said:
    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
    That sounds like it'll be at least a 0.75% increase to base rate, I guess even 1% must be on the cards now. 
  • ChickereeeeeChickereeeee Forumite
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    soulsaver said:
    Thanks @FindingBBob            
    For those finding the size a viewing challenge,
    Dear Ed

    As a valued customer we wanted to let you know about our upcoming rate increases:

    • On Tuesday 18th October we will be increasing the rates on our Fixed Saver 1, 2 and 5 year products to 4.3%, 4.5% and 4.55% respectively.
    • On Wednesday 19th October our Flexible Saver rate will then be increasing to 2.5%. This rate will initially be exclusive to existing customers, so you won’t see Flexible Saver on sale to new customers from this date.
    • In addition, we will be increasing our Flexible Cash ISA to 1.90% on that day for both new and existing customers.

    As always, we hope these increases will help you reach your savings goals.

    Best wishes,

    Ford Money Team

    Interesting tactic -  if you haven't got it, maybe grab it and shove £1 in to keep options open?  Flexible Saver pre-application checklist | Ford Money

    Thanks. Signed up on Friday, transferred a £1, and got the the 2.5% message straight away.
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