The Top Easy Access Savings Discussion Area

alternate

because a lot of people never check if they are getting the best rate and move to the new issue - so they have a lot of money deposited where they have less interest to pay out.  High street banks are awful for this, mutuals and challenger banks are usually better.

happybagger

Inertia.

They launch new products that the savvy will move to

The less savvy (sometimes referred to as "Loyal Mugs") will not realise that their rates have fallen behind.

happybagger

Santander: I'll put this here as it's instant access. The 123 current account seems to have risen to 1.75% (up from 1.50%) very recently. Noticed when I logged on. Not seen it posted in here yet

Nick_C

happybagger said:

Santander: I'll put this here as it's instant access. The 123 current account seems to have risen to  1.75% (up from 1.50%) very recently. Noticed when I logged on. Not seen it posted in here yet

But it's not a top paying account. 

No one benefits from it.

After paying the £4 monthly fee, the maximum return is 1.51%

By all means use the 123 Lite account for cashback on your Direct Debits but the account paying interest is poor value. 

StayinAlive

Anyone brave enough to try the new Chip Instant Access yet? Bizarrely offering 0% but with a 2.55% bonus so it's up there.

Looks like app only but they do say "deposit and withdraw almost instantly.

cricidmuslibale

StayinAlive said:

Anyone brave enough to try the new Chip Instant Access yet? Bizarrely offering 0% but with a 2.55% bonus so it's up there.

Looks like app only but they do say "deposit and withdraw almost instantly.

Frankly, I don’t know about anybody else but I’d much rather have Fish and Chips every single day for my tea than the Chip Instant Access for my savings!

oz0707

Bobblehat said:

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

Doesn't say which issue in the email. Effective from 18.11

oz0707

Coventry limited access going upto 2.85 on 1.12

soulsaver

oz0707 said:

Coventry limited access going upto 2.85 on 1.12

Made No Longer Available in the morning 03/11 and announced the rate increase in the afternoon. Posted upthread and in the 'No Chat'. 

[Deleted User]

happybagger said:

Inertia.

They launch new products that the savvy will move to

The less savvy (sometimes referred to as "Loyal Mugs") will not realise that their rates have fallen behind.

Long live the loyal mugs. It's why we can get a bit more. Same when you buy insurance products. Always amazes me to hear somebody "brag" I've been with so and so all my life. Like declaring yourself stupid.