The Top Easy Access Savings Discussion Area

2010

liamcov said:

2010 said:

Increase from 1st Dec. a month behind the last BoE increase.
Next BoE 15th Dec.
Pathetic.

Some decent rate increases at least.

On your side, no shareholders to pay.
It should be the market leader not trailing behind the pack.

happybagger

Could be worse. Have you seen Hanley Economic Building Society?

I finally gave up with them last year (ex-bagger)

This is what they offer. Where's the 'mutual dividend' here?

soulsaver

Bridlington1 said:

soulsaver said:

Bridlington1 said:

TSB save well limited access saver now pays 2.5% for any month you don't make a withdrawal and 0.25% in any month you do make a withdrawal. Pretty similar to HSBC bonus saver in many ways but paying 0.5% less.

I shalln't bother with this one myself but I thought it worth a mention anyway.

In ToTP (see signature) at No.10 TSB Tri Access 2.5% (18/11) Save Well Limited Access Account | Savings | TSB Bank thnx @Bridlington1

I can't remember any TSB presence in the ToTP before. Nor for a decent reg saver.
Add a switching incentive and there appears to be a change of policy?

I seem to recall that TSB's monthly saver paid 2% in January this year, which at the time was pretty good given that the top easy access rates paid less than 1%.

 Y I had the 2% RS and it was only a couple of months ago I w/d the balance.  Still, 3% RS now, the Triple access 2.5% AND an easy switching incentive..

2010

Nationwide, Britain's biggest building society reported a 13.5% rise in pre-tax profit to £969 million for the six months to the end of September.

Apart from the silly adverts, where are the profits going, can`t be shareholders, definitely not members, so that leaves director`s overblown salaries and bonuses.

https://www.thisismoney.co.uk/money/markets/article-11443101/Nationwide-BS-profits-jumps-thanks-higher-rates.html?ico=mol_desktop_money-newtab&molReferrerUrl=https://www.dailymail.co.uk/money/index.html

flaneurs_lobster

If they could just find my £200 switch bung out of that 969 million I'll be happy.

SamGFields

t1redmonkey said:

TSB had a 5% account a few years back, albeit on a limited amount of money.  I remember opening an account with them to use it

Aye, wasn't that on up to 2500 in your current account? Used to pay my monthly broadband did that.

Bobziz

2010 said:

Nationwide, Britain's biggest building society reported a 13.5% rise in pre-tax profit to £969 million for the six months to the end of September.

Apart from the silly adverts, where are the profits going, can`t be shareholders, definitely not members, so that leaves director`s overblown salaries and bonuses.

https://www.thisismoney.co.uk/money/markets/article-11443101/Nationwide-BS-profits-jumps-thanks-higher-rates.html?ico=mol_desktop_money-newtab&molReferrerUrl=https://www.dailymail.co.uk/money/index.html

Profits retained to mitigate increased risk of mortgage defaults..

youth_leader

I opened the HSBC on line bonus savings account last week, and have just received an email saying the interest rate is 1.30 up to £10K?  Can I find out when the interest rate was dropped from 3%?  

wmb194

Bobziz said:

2010 said:

Nationwide, Britain's biggest building society reported a 13.5% rise in pre-tax profit to £969 million for the six months to the end of September.

Apart from the silly adverts, where are the profits going, can`t be shareholders, definitely not members, so that leaves director`s overblown salaries and bonuses.

https://www.thisismoney.co.uk/money/markets/article-11443101/Nationwide-BS-profits-jumps-thanks-higher-rates.html?ico=mol_desktop_money-newtab&molReferrerUrl=https://www.dailymail.co.uk/money/index.html

Profits retained to mitigate increased risk of mortgage defaults..

Indeed. Its CET1 loss absorbing capital ratio is now a pretty bonkers 25.5%, or £12,957m up £487m from April 2022 so accounts for a large part of this period's profit. It really took the Co-op Bank's failure to heart and set about making itself as rock solid as it can be.

"Nationwide's capital position remains strong, with both the Common Equity Tier 1 (CET1) ratio and leverage ratio comfortably above regulatory capital requirements of 11.1% and 3.6% respectively. The CET1 ratio increased to 25.5% (4 April 2022: 24.1%)"

https://www.investegate.co.uk/nationwide-b.s.--nbs-/rns/half-year-report/202211180700048352G/

RG2015

youth_leader said:

I opened the HSBC on line bonus savings account last week, and have just received an email saying the interest rate is 1.50?  Can I find out when the interest rate was dropped from 3%?  

I got this email too but don't worry, it's a mistake. The correct rate does show on my account on the app and in online banking.

Bear in mind though, the reduced rate of 0.50% will show if you make a withdrawal during the month.