The Top Easy Access Savings Discussion Area

Imvrasos

financialbliss said:

Al Rayan showing for me as 2.81% this afternoon. Did I miss that here today?

Edit: website updated too.
https://www.alrayanbank.co.uk/savings/everyday-saver-issue-3

0.06% higher interest than Santander, not enough to make me move away from a full 24/7 access account

mebu60

Freebird53 said:

I'm getting tired moving money around all over the place.

It would be nice, if these banks stated they would within 3 days of BOE rate rise, increase their rate by BOE+whatever.

A bit like they do with mortgages!

Couldn't agree more. Move money out of Gatehouse only for them to jump above everyone days later.
Also have Cash ISA transfer in progress from Paragon to VM. Latter 2.25%. Former was 1.9%. Now 2.36% today! 

soulsaver

financialbliss said:

Al Rayan showing for me as 2.81% this afternoon. Did I miss that here today?

Edit: website updated too.
https://www.alrayanbank.co.uk/savings/everyday-saver-issue-3

No you didn't miss it - hot off the press when you posted 'cos I checked their app this am.

ASL1

Typical I just transferred from Al Rayan to Santander a couple of days ago.

What is the best way to transfer from Santander back to Al Rayan? Is there a daily limit can you transfer directly from one to the other? Or do you need to send it to your current account first?

Would it be easier to just close the Santander account? As I picked yearly interest payments?

pecunianonolet

Email just arrived a few minutes ago. As said before, not giving up a 24/7 account for that. When we have a 3 in front we can talk again

TomDolan

ASL1 said:

Typical I just transferred from Al Rayan to Santander a couple of days ago.

What is the best way to transfer from Santander back to Al Rayan? Is there a daily limit can you transfer directly from one to the other? Or do you need to send it to your current account first?

Would it be easier to just close the Santander account? As I picked yearly interest payments?

same here...I have set up Al Rayan as payee and schedule a 1£ payment for monday on my Santander app. Will know cob monday, then will move some in chunks once the payment is successfull

Stevo_safc

Would deposits to Al Rayan bank tonight be receieved straight away or not until Monday?

alternate

I might be leaving money on the table but I can never be bothered to move for less than 0.25% difference.l

Daliah

ASL1 said:

Typical I just transferred from Al Rayan to Santander a couple of days ago.

What is the best way to transfer from Santander back to Al Rayan? Is there a daily limit can you transfer directly from one to the other? Or do you need to send it to your current account first?

Would it be easier to just close the Santander account? As I picked yearly interest payments?

You'll just be limited by Santander's FP limit - £25k/day. If you want to send more, phone and Branch do up to £100k.

I make my transfers via my Santander current account, because I have my Al Rayan payee on that account. Less hassle than setting up a new payee on the esaver, but you could do that if you wanted to.

I wouldn't close the esaver if I were you because you can't get a 2.72/2.75% account at Santander atm. If you were happy before with annual interest, you should still be happy with it now? Just keep a record that you still have the Santander account

refluxer

ASL1 said:

Typical I just transferred from Al Rayan to Santander a couple of days ago.

What is the best way to transfer from Santander back to Al Rayan? Is there a daily limit can you transfer directly from one to the other? Or do you need to send it to your current account first?

Would it be easier to just close the Santander account? As I picked yearly interest payments?

Is it really worth it for 0.06% ? If rates rise following the BoE meeting in a few weeks and you end up moving yet again, you'll have probably gained (literally) pennies by moving back to Al Rayan now - a few pounds at most if you had the full £85k in there !