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The Top Easy Access Savings Discussion Area
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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 1.30 up to £10K? Can I find out when the interest rate was dropped from 3%?
https://forums.moneysavingexpert.com/discussion/6404444/hsbc-obs-welcome-pack-error#latest
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SamGFields said: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.2 -
This feels like a never ending cycle. BOE hikes rate. Banks don't match it until a week before next rate hike and then cycle repeats4
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Thank you very much for letting me know HSBC have made a mistake - and for the link. I had used search, but put HSBC on line bonus saving in full.£216 saved 24 October 20140
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youth_leader said:Thank you very much for letting me know HSBC have made a mistake - and for the link. I had used search, but put HSBC on line bonus saving in full.0
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mlc2009 said:This feels like a never ending cycle. BOE hikes rate. Banks don't match it until a week before next rate hike and then cycle repeats
Also more often than not, the banks don't even match the increase, e.g. this month hardly any of them passed on the full 0.75%. Of course they have no such problems immediately raising mortgage rates.
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mlc2009 said:This feels like a never ending cycle. BOE hikes rate. Banks don't match it until a week before next rate hike and then cycle repeats
I suspect the timing is because just the closer we get to BOE annoncements, the more confident the banks are of what is coming. So they are factoring this in and their rate changes, which are based more on the rates they expect after annoncment than the actual rates at the time.
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mlc2009 said:This feels like a never ending cycle. BOE hikes rate. Banks don't match it until a week before next rate hike and then cycle repeats
Eco Miser
Saving money for well over half a century1 -
It would appear Skipton Building Society have just pulled their 2.65% easy access saver account. Snooze you loose these days!
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n3ophyte said:It would appear Skipton Building Society have just pulled their 2.65% easy access saver account. Snooze you loose these days!2
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