The Top Easy Access Savings Discussion Area

[Deleted User]

Am I missing something here? Look, I know it's an ISA and I know you have to have a bank account with them (I have, no money it it) but at 3% (3.75% if you pay tax) surely the VIRGIN easy access ISA is the best place for your accessible money at the moment?

Band7

Deleted_User said:

Am I missing something here? Look, I know it's an ISA and I know you have to have a bank account with them (I have, no money it it) but at 3% (3.75% if you pay tax) surely the VIRGIN easy access ISA is the best place for your accessible money at the moment?

It‘s a good place if you haven‘t already used your ISA allowance for the year, have up to £20k, have already maxed or don‘t want to use Barclay‘s Rainy Day, all the Lloyds Group Regular Savers, or the HSBC OBS account. Great to have so much choice now

StevenGude

Deleted_User said:

Am I missing something here? Look, I know it's an ISA and I know you have to have a bank account with them (I have, no money it it) but at 3% (3.75% if you pay tax) surely the VIRGIN easy access ISA is the best place for your accessible money at the moment?

If they'd hurry up and bring back their current account switch offer then it'd be lovely

dali21

metrobus said:

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 .

Charter is notorious for not normally increasing rates on past issues.  However, you can open a new issue and once it is visible in the account, you can transfer internally.

SJMALBA

flobbalobbalob said:

Charter issue 28 was increased to 2.25% for existing customers only a while back.

Issue 28 wasn't increased, it launched at 2.25%, and was withdrawn quite quickly: last week, they launched issue 29 at the lower rate of 2%.

SJMALBA

Deleted_User said:

Am I missing something here? Look, I know it's an ISA and I know you have to have a bank account with them (I have, no money it it) but at 3% (3.75% if you pay tax) surely the VIRGIN easy access ISA is the best place for your accessible money at the moment?

Some people prefer/require monthly interest, which this account does not offer.

Band7

dali21 said:

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

Same here. No email from Charter for issue 28. I have opened issue 29 but not funded yet as it still sits at 2.0% for now.

Nick_C

The email from Kent Reliance about the interest rate increase prompted me to try to close my dormant account with them.

So long since I used it, the linked back account for withdrawals was closed long ago.  I tried to change the linked bank account by secure message 18 months ago, and they said I had to call.  So I finally called today.  Took 25 minutes to talk to someone, get my new current account verified, and request the closure.  The new linked account has now been verified.  The details have been passed to a team who will action the change in 5 to 7 working days!!  (The balance on the account is £1.51)

Is the worst customer service of any UK bank?

soulsaver

Band7 said:

dali21 said:

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

Same here. No email from Charter for issue 28. I have opened issue 29 but not funded yet as it still sits at 2.0% for now.

I haven't seen it mentioned but isn't Charter £5k min for the rate? 

Bobblehat

oz0707 said:

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

Which EA Issue did Charter say the increase was for? And do they specifically say that Issue XX is increasing to 2.75%, if so, when? TIA