The Top Easy Access Savings Discussion Area

patpalloon

I know it's not instant access but the Atom 6 months fix is brilliant at 3.55% and you can get monthly interest which for me more than makes up for the 6 months fix. Instant access rate is good too. Plus transfers in and out of your linked account happen instantaneously - unlike some other institutions.

flaneurs_lobster

patpalloon said:

I know it's not instant access but the Atom 6 months fix is brilliant at 3.55% and you can get monthly interest which for me more than makes up for the 6 months fix. Instant access rate is good too. Plus transfers in and out of your linked account happen instantaneously - unlike some other institutions.

Tempting fate I know, but another thumbs-up for Atom. Easy to use and fast transfers in and out. 

soulsaver

NLA to new applicants before it came into effect! (Believe will be applied to existing EA accounts from tomorrow, 18th)

Kent Reliance EA 2.75% >£1k (wef 18/11) Interest rates | Savings | ISAs | Bonds | Kent Reliance 
Thanks @ForumUser7

soulsaver

@ForumUser7 Have you got a link to the page you posted re Principality. Those rates are incorrect, unless they are planning reductions. I suspect you've found your way to a work-in-progress. 

Bridlington1

soulsaver said:

@ForumUser7 Have you got a link to the page you posted re Principality. Those rates are incorrect, unless they are planning reductions. I suspect you've found your way to a work-in-progress. 

Click on the link on this website:
https://www.principality.co.uk/

Interest Rate Change

On the 3 November 2022, the Bank of England increased the bank rate from 2.25% to 3.00%.

We’ve now worked through what this means for our savings Members.

We’ve reviewed our variable rate savings and taken the decision to increase the rates on the majority of our savings accounts, by 0.50%, from 17 November 2022.

Details of these savings accounts, including the rates, can be found here.

phillw

alternate said:

I wonder how many times the banks have actually activated the terminate early clause on the fixed rates.  Not sure the PR hit would be worth the savings to them.

I was under the impression that no uk sharia account has ever not paid the expected profit on a fixed term account. It's my understanding that it would only be used to prevent the collapse of the institution, which would also terminate the fixed rate in any case.

A financial event, that would trigger a collapse in interest rates now so much that sharia lenders would even consider not paying the agreed rate, would be so catastrophically destructive that the couple of years of lost interest would be the least of your worries.

refluxer

soulsaver said:

@ForumUser7 Have you got a link to the page you posted re Principality. Those rates are incorrect, unless they are planning reductions. I suspect you've found your way to a work-in-progress. 

not sure if it's exactly the same one, but there's a link to the latest rate increase document on the Principality's homepage.

ForumUser7

soulsaver said:

@ForumUser7 Have you got a link to the page you posted re Principality. Those rates are incorrect, unless they are planning reductions. I suspect you've found your way to a work-in-progress. 

@soulsaver It's on their homepage - so I think it is just literally a series of mistakes as opposed to a work in progress... The same thing actually happened with their Learner Earner last time, and CS were unsure so it was escalated into a complaint after which it was also corrected on the website. Hoping they can rectify it without a complaint this time.

On the 3 November 2022, the Bank of England increased the bank rate from 2.25% to 3.00%.

We’ve now worked through what this means for our savings Members.

We’ve reviewed our variable rate savings and taken the decision to increase the rates on the majority of our savings accounts, by 0.50%, from 17 November 2022.

Details of these savings accounts, including the rates, can be found here.

https://www.principality.co.uk/-/media/PBS/Savings/PDFs/Savings-Rate-Change-Branch-Notice-September.pdf?la=en&hash=FF1880F9839E9C2DCF3163ED1B3715DD

For anyone that looks at that link, I know the url says September but the document is headed November. I think it is like for their Christmas Regular Saver when they misnamed that document compared to the header.

*EDIT* @bridlington1 and @refluxer - yes, those are the documents I'm on about. It does seem to be their official notification of rate rises. Disappointing that it wasn't sufficiently proof read before hand - hopefully they rectify it soon rather than making us wait a while to find out the correct new rates.

Bridlington1

ForumUser7 said:

soulsaver said:

@ForumUser7 Have you got a link to the page you posted re Principality. Those rates are incorrect, unless they are planning reductions. I suspect you've found your way to a work-in-progress. 

@soulsaver It's on their homepage - so I think it is just literally a series of mistakes as opposed to a work in progress... The same thing actually happened with their Learner Earner last time, and CS were unsure so it was escalated into a complaint after which it was also corrected on the website. Hoping they can rectify it without a complaint this time.

On the 3 November 2022, the Bank of England increased the bank rate from 2.25% to 3.00%.

We’ve now worked through what this means for our savings Members.

We’ve reviewed our variable rate savings and taken the decision to increase the rates on the majority of our savings accounts, by 0.50%, from 17 November 2022.

Details of these savings accounts, including the rates, can be found here.

https://www.principality.co.uk/-/media/PBS/Savings/PDFs/Savings-Rate-Change-Branch-Notice-September.pdf?la=en&hash=FF1880F9839E9C2DCF3163ED1B3715DD

For anyone that looks at that link, I know the url says September but the document is headed November. I think it is like for their Christmas Regular Saver when they misnamed that document compared to the header.

What they appear to have done is put the document for the interest rate rises before the last rise on the website, with the date changed. I recognise the interest rate on their first home steps issue 2 and the document in general looks very familiar to me.

Band7

The Principality list is distinctly underwhelming. Leaving aside that it seems to be just their variable, not their fixed, rates, none of the instant access rates are exciting, unless I am missing anything