The Top Easy Access Savings Discussion Area

soulsaver

soulsaver said: So AFAICS Cov BS's only available Easy Access 'online 5' is going from 1.85% to 2.35% at 01/12?

1st home regular saver increases to 2.95% WEF 1st December as well.

Yes I saw that, thanks.

andyhicks88

Chip have sent me an email saying they have launched a new 2.55% Instant Access Saver and the info appears here. 

https://www.getchip.uk/savings-accounts/instant-access-account

gt94sss2

andyhicks88 said:

Chip have sent me an email saying they have lunched a new 2.55% Instant Access Saver 

I haven't been impressed by their professionalism. I would just wait a few days as others will increase their rates within days

soulsaver

k_man said:

jak22 said:

There will be surely be many announcements soon  - so it really helps this thread to avoid chat posts about what people think might happen, what people are thinking of doing, etc. On the fixed thread then it does matter what might happen in the future but for easy access what to do is much simpler as rates change.

If only there was a no chat thread that could be used instead.....

Y. Keeping it that way is getting to be trying.

AndyTh_2

SJMALBA said:

alternate said:

Announcing straight away that you will increase rates ... but not for almost a month is more than a little bit blatant.

Please don't bother moving your money as we are matching rates - but we want a month to profit off you first,  Thanks.

Agreed, but at least they have told people, very quickly, what they are going to do...

Yes, it's much better than other providers instead raising the rate 1st December with no prior announcement

Speculator

Ecology Easy Access going up by 0.75% to 2.25% from 7/11

phillw

Swipe said:

How do the sharia accounts make money? Is it just disguised interest?

I believe if you want to borrow money to buy stock and sell it, instead of just borrowing the money then you enter a contract with them to provide the goods and they add a handling fee.

Mortgages can be the same, or it can be like shared ownership.

https://www.unbiased.co.uk/discover/mortgages-property/buying-a-home/what-is-an-islamic-mortgage-and-how-do-they-work

liamcov

gt94sss2 said:

andyhicks88 said:

Chip have sent me an email saying they have lunched a new 2.55% Instant Access Saver 

I haven't been impressed by their professionalism. I would just wait a few days as others will increase their rates within days

Completely agree. I once had to explain to them how to calculate my interest. Aim to avoid unless they bring out something chart topping. 

SJMALBA

Charter Savings Bank EA Issue 29 - 2.0%

Perhaps it's a typo, and they meant 3%? 🙄

I-LOV-MONEY

It suddenly occured to me that I hadn't seen Santender mentioned recently.   So, I checked the TotP page and it wasn't listed there.   I went to Santender's website and I could see why.   Glad I invested my millions ( ) when it was 2.75%