The Top Easy Access Savings Discussion Area

gesdt50

Nick_C said:

kaMelo said:

Virgin's Easy Access Cash ISA Exclusive Issue 2 is now offering 3%. I realise this isn't a simple easy access account as it has ISA status and all the restrictions that come with it but it's significant in that an easy access ISA is offering better rates than any pure easy access savings account currently available.  When was the last time that happened.

Earlier this year.  Skipton offered a flexible tracker ISA (no longer available) that pays BOEBR + 0.35%, so 2.6% currently and 3.35% from 14 November.  Sadly, the tracker only lasts a year, but it is the best easy access account I have currently.

Wondering how much more are the BOE going to put up interest rates as the media is saying theres more rises to come; other banks will probably follow Virgin with offerings, so if one goes for this now and as people are only allowed 1 ISA a tax year; there may be a better rates in the near futurre as other banks come up with product offerings

clowning

I thought I read yesterday that the BoE thought rates would peak at 4.5% next year. I'm not certain though.
I have just opened the VM easy access ISA and just put a bit of available cash in to see what happens in the next week or so. 

soulsaver

scottishstu said:

soulsaver said:

ToTP updated with Tandem, Atom, RCI. Thanks to informers...

For convenience/reference I've introduced a new practice: Drop Offs will appear with links and rates in the trail.
Note these 'Drop Off' posts won't be maintained, which shouldn't cause a problem?   

I don't post much - but just wanted to say many thanks for maintaining the Top of The Pots thread (and the informers!), I'm finding it really useful at the moment as I ponder my next savings move!

Thanks, very kind, much appreciated  

eta typo..

gesdt50

Does anyone know when Saga and Marcus allowed the 2.5% ISA?

southone

the rate changed to 2.5% on 1st nov i seem to remember

badger09

gesdt50 said:

Nick_C said:

kaMelo said:

Virgin's Easy Access Cash ISA Exclusive Issue 2 is now offering 3%. I realise this isn't a simple easy access account as it has ISA status and all the restrictions that come with it but it's significant in that an easy access ISA is offering better rates than any pure easy access savings account currently available.  When was the last time that happened.

Earlier this year.  Skipton offered a flexible tracker ISA (no longer available) that pays BOEBR + 0.35%, so 2.6% currently and 3.35% from 14 November.  Sadly, the tracker only lasts a year, but it is the best easy access account I have currently.

Wondering how much more are the BOE going to put up interest rates as the media is saying theres more rises to come; other banks will probably follow Virgin with offerings, so if one goes for this now and as people are only allowed 1 ISA a tax year; there may be a better rates in the near futurre as other banks come up with product offerings

The Virgin Money Easy Access Cash ISA which was being discussed is just that - easy access, and flexible to boot. So if a better rate comes along, people are free to transfer to that better rate, provided they keep all current year subscriptions together of course.  

soulsaver

badger09 said:

gesdt50 said:

Nick_C said:

kaMelo said:

Virgin's Easy Access Cash ISA Exclusive Issue 2 is now offering 3%. I realise this isn't a simple easy access account as it has ISA status and all the restrictions that come with it but it's significant in that an easy access ISA is offering better rates than any pure easy access savings account currently available.  When was the last time that happened.

Earlier this year.  Skipton offered a flexible tracker ISA (no longer available) that pays BOEBR + 0.35%, so 2.6% currently and 3.35% from 14 November.  Sadly, the tracker only lasts a year, but it is the best easy access account I have currently.

Wondering how much more are the BOE going to put up interest rates as the media is saying theres more rises to come; other banks will probably follow Virgin with offerings, so if one goes for this now and as people are only allowed 1 ISA a tax year; there may be a better rates in the near futurre as other banks come up with product offerings

The Virgin Money Easy Access Cash ISA which was being discussed is just that - easy access, and flexible to boot. So if a better rate comes along, people are free to transfer to that better rate, provided they keep all current year subscriptions together of course.  

Check your KPI document after your account has opened: I can't see anywhere in the app that confirms the rate on the  account?

But the email welcoming you (me), says there are 7 attachments... I only got 2; and more importantly, one, the Key Product Info document, says 2.25%..not 3%. And to confuse things more, calls it 'Exclusive Flexi ISA2' in the app. and 'Easy Cash Isa2' in the KPI.

Have I got a different product than I applied for?

Shambolic. I've messaged them.

RG2015

soulsaver said:

badger09 said:

gesdt50 said:

Nick_C said:

kaMelo said:

Virgin's Easy Access Cash ISA Exclusive Issue 2 is now offering 3%. I realise this isn't a simple easy access account as it has ISA status and all the restrictions that come with it but it's significant in that an easy access ISA is offering better rates than any pure easy access savings account currently available.  When was the last time that happened.

Earlier this year.  Skipton offered a flexible tracker ISA (no longer available) that pays BOEBR + 0.35%, so 2.6% currently and 3.35% from 14 November.  Sadly, the tracker only lasts a year, but it is the best easy access account I have currently.

Wondering how much more are the BOE going to put up interest rates as the media is saying theres more rises to come; other banks will probably follow Virgin with offerings, so if one goes for this now and as people are only allowed 1 ISA a tax year; there may be a better rates in the near futurre as other banks come up with product offerings

The Virgin Money Easy Access Cash ISA which was being discussed is just that - easy access, and flexible to boot. So if a better rate comes along, people are free to transfer to that better rate, provided they keep all current year subscriptions together of course.  

Check your KPI document after your account has opened: I can't see anywhere in the app that confirms the rate on the  account?

But the email welcoming you (me), says there are 7 attachments... I only got 2; and more importantly, one, the Key Product Info document, says 2.25%..not 3%. And to confuse things more, calls it 'Exclusive Flexi ISA2' in the app. and 'Easy Cash Isa2' in the KPI.

Have I got a different product than I applied for?

Shambolic. I've messaged them.

Mine is called issue 1 online but issue 2 in the app. But I have a recent email from a couple of weeks back that refers to it as issue 2.

By the way, it was originally opened in 2020 and fortunately I kept it alive with £1.

Shambolic, yes, but great rate. 

kaMelo

soulsaver said:

badger09 said:

gesdt50 said:

Nick_C said:

kaMelo said:

Virgin's Easy Access Cash ISA Exclusive Issue 2 is now offering 3%. I realise this isn't a simple easy access account as it has ISA status and all the restrictions that come with it but it's significant in that an easy access ISA is offering better rates than any pure easy access savings account currently available.  When was the last time that happened.

Earlier this year.  Skipton offered a flexible tracker ISA (no longer available) that pays BOEBR + 0.35%, so 2.6% currently and 3.35% from 14 November.  Sadly, the tracker only lasts a year, but it is the best easy access account I have currently.

Wondering how much more are the BOE going to put up interest rates as the media is saying theres more rises to come; other banks will probably follow Virgin with offerings, so if one goes for this now and as people are only allowed 1 ISA a tax year; there may be a better rates in the near futurre as other banks come up with product offerings

The Virgin Money Easy Access Cash ISA which was being discussed is just that - easy access, and flexible to boot. So if a better rate comes along, people are free to transfer to that better rate, provided they keep all current year subscriptions together of course.  

Check your KPI document after your account has opened: I can't see anywhere in the app that confirms the rate on the  account?

But the email welcoming you (me), says there are 7 attachments... I only got 2; and more importantly, one, the Key Product Info document, says 2.25%..not 3%. And to confuse things more, calls it 'Exclusive Flexi ISA2' in the app. and 'Easy Cash Isa2' in the KPI.

Have I got a different product than I applied for?

Shambolic. I've messaged them.

The rate is not shown in the app, no virgin account shows the interest rate in the app, it's only shown in online banking.
Choose the account you want and then click the arrow next to "more" .
Right at the bottom It is showing at 3% in online banking. 




And for good measure, despite it being described as Issue 2 in the KPI, 



it shows as Exclusive Flexi Isa1 in online banking.
 



Confusing?  Of course, its Virgin Money

Grouchy

Apologies if this is in the wrong section, but didn't want to start a new thread needlessly.

Yorkshire BS states on its Internet Saver Plus account:

'For security reasons, online withdrawals are not available for the first 14 days after your account has been opened. After 14 days withdrawals can be made from your account at any time on condition that there are sufficient cleared funds in your account and that you maintain the minimum balance of £1.'

Does this mean every account you open with them (even if you already have an account operating normally) is subject to this condition?  I'm thinking the answer is yes, but wanted to check as I've not come across this before.

Thank you.