The Top Easy Access Savings Discussion Area

10_66

ForumUser7 said:

cwep2 said:

Kent reliance and Charter Savings bank (both part of same group) raised rates 0.75% for easy access.
They will both move from 2.00% to 2.75% on 18th November for latest accounts.

Both of these take 1 day for withdrawals.

@cwep2 where have you found this info for Kent reliance please? Thanks

Kent sent out an email today relating to an increase;

"We’re pleased to confirm we’re increasing the interest rate on your easy access account by 0.75% AER*, to match the Bank of England Base Rate increase announced on
3 November 2022. 

Your rate will increase automatically on 18 November – you don’t need to do anything. All other terms and conditions of your account remain the same.

If your account offers tiered interest rates and doesn’t currently hold the minimum balance required to qualify for the higher rate, your rate won’t increase unless you deposit additional savings. Please see your specific account conditions for further details.

There’s no need to call us; your interest rate will change automatically.

Kind regards
Kent Reliance Customer Services Team"

cwep2

ForumUser7 said:

@cwep2 where have you found this info for Kent reliance please? Thanks

I have accounts with both and got an email this afternoon. 
Same as @10_66 copied above.

oz0707

I got the charter email also. Nice to see the rate rise being passed on in full albeit they weren't market leaders

jaypers

Interesting…..I have a Charter account and not received an email. 

dali21

Ditto.  I have issue 28 so I wonder if the emails have been sent for the current issue 29…

jaypers

dali21 said:

Ditto.  I have issue 28 so I wonder if the emails have been sent for the current issue 29…

So I wonder whether they are increasing it, in which case will it be available to open at 2.75%? Like you I have issue 28, and I can’t see that being increased. Makes you wonder if it’s worth opening an issue 29 now to get the increase? 

Shedman

dali21 said:

Ditto.  I have issue 28 so I wonder if the emails have been sent for the current issue 29…

MiL has issue 21 and has received an email and its increasing by 0.75% so not just the current issue that has received the notification and is getting the increase

soulsaver

Emails received by KRBS EA customers/holders saying Kent Reliance BS will raise their EA rates by 0.75% on accounts wef 18/11/22.

This would bring those Kent EA accounts which are currently at 2.00% up to 2.75% Note: £1k min for the rate.

It'll get added to the ToTP when eligibility becomes clear, and rate appears on their site. Thanks @cwep2

Note: If you don't hold a KRBS EA it may be worth applying now for the latest EA iss 51 currently at 2.00% for £1k min. KRBS do apply rates to existing accounts.
https://www.kentreliance.co.uk/savings-accounts

soulsaver

jaypers said:

dali21 said:

Ditto.  I have issue 28 so I wonder if the emails have been sent for the current issue 29…

So I wonder whether they are increasing it, in which case will it be available to open at 2.75%? Like you I have issue 28, and I can’t see that being increased. Makes you wonder if it’s worth opening an issue 29 now to get the increase? 

KRBS EA current is iss 51... see link above.

metrobus

So if the Charter easy access goes up to 2.75% and I presume is called issue 30 would previous issue accounts be automatically raised or would we need to open a new account.If the latter was the case would an internal transfer be available, I have issue 28 but have not received an email informing me of the new rate .