The Top Easy Access Savings Discussion Area

sturgeon

Bridlington1 said:

AlwaysLearnin said:

Not sure if it's been mentioned already, but noticed that details of the latest YBS rate increases (wef 17th Jan) are now available

https://www.ybs.co.uk/boe-rate-change

Rainy day issue 2 to rise to 3.35% from 17th January, overtaking Coventry by 0.1%.

Family saver (NLA) rising to 3% also.

The Rainy day issue 2 says it’s only 3.35% for up to £5k though unless I’m wrong?

Wheres_My_Cashback

Minty33 said:

andyhicks88 said:

Think Coventry is still the best option. I wish they had an app, but I think the .25% difference between that and the closet rival with an app is too much to turn down. Any less and I might not go for it.

Do we think the Coventry BS will be busy on Friday / over the weekend? (or does the 6 access put people off)
Website potentially busy with people late to the party opening accounts, and those already in moving money and trying to check their balance?

Might move some money over tomorrow instead incase the website can't cope with heavy traffic on Friday

Choices, choices...Whether to move from YBS6 (NLA) to Coventry6 on Friday for 11 days and then back again to YBS6 when their rate increases to 3.50%....all for £6.38 extra.

dekkard

Wheres_My_Cashback said:

Minty33 said:

andyhicks88 said:

Think Coventry is still the best option. I wish they had an app, but I think the .25% difference between that and the closet rival with an app is too much to turn down. Any less and I might not go for it.

Do we think the Coventry BS will be busy on Friday / over the weekend? (or does the 6 access put people off)
Website potentially busy with people late to the party opening accounts, and those already in moving money and trying to check their balance?

Might move some money over tomorrow instead incase the website can't cope with heavy traffic on Friday

Choices, choices...Whether to move from YBS6 (NLA) to Coventry6 on Friday for 11 days and then back again to YBS6 when their rate increases to 3.50%....all for £6.38 extra.

And waste some of your limited withdrawal options? Not worth it surely.

Johnjdc

Has anyone seen any indication of whether Coventry's increase will be mirrored in the Coventry account available through Hargreaves Lansdown Active Savings (which I happen to have one of already albeit with £0 in)...

TiVo_Lad

Johnjdc said:

Has anyone seen any indication of whether Coventry's increase will be mirrored in the Coventry account available through Hargreaves Lansdown Active Savings (which I happen to have one of already albeit with £0 in)...

The HL website says:

We don’t charge you directly, instead we charge our banking partners. This means the same or similar products offered directly by the banks and building societies may have different rates to those available on Active Savings.

This would suggest maybe not.

ColdIron

Johnjdc said:

Has anyone seen any indication of whether Coventry's increase will be mirrored in the Coventry account available through Hargreaves Lansdown Active Savings (which I happen to have one of already albeit with £0 in)...

I'm curious to see myself. I have 2 of them and in the past they have gone up in concert with those available direct, though at a slightly lower rate. I live in hope

Johnjdc

TiVo_Lad said:

Johnjdc said:

Has anyone seen any indication of whether Coventry's increase will be mirrored in the Coventry account available through Hargreaves Lansdown Active Savings (which I happen to have one of already albeit with £0 in)...

The HL website says:

We don’t charge you directly, instead we charge our banking partners. This means the same or similar products offered directly by the banks and building societies may have different rates to those available on Active Savings.

This would suggest maybe not.

Oh yes I'm sure it's not a certainty. I guess we'll find out next week - question is whether it's 1%, 99%, 37% likely...

Currently paying 2.74% so maybe it will go up to 3.14%!

Bridlington1

sturgeon said:

Bridlington1 said:

AlwaysLearnin said:

Not sure if it's been mentioned already, but noticed that details of the latest YBS rate increases (wef 17th Jan) are now available

https://www.ybs.co.uk/boe-rate-change

Rainy day issue 2 to rise to 3.35% from 17th January, overtaking Coventry by 0.1%.

Family saver (NLA) rising to 3% also.

The Rainy day issue 2 says it’s only 3.35% for up to £5k though unless I’m wrong?

That is correct.

jak22

The Coventry 4 or 6 access seem to consistently keep up with BoE rises. There's up to a month before their rises come into force but they do publish the new rates very soon after the BoE announcement - it's certainly quicker than YBS. Other EA accounts seem to inconsistently increase after falling behind for a month or two but with Coventry there seems less need to shuffle between accounts.

flaneurs_lobster

Minty33 said:

andyhicks88 said:

Think Coventry is still the best option. I wish they had an app, but I think the .25% difference between that and the closet rival with an app is too much to turn down. Any less and I might not go for it.

Do we think the Coventry BS will be busy on Friday / over the weekend? (or does the 6 access put people off)
Website potentially busy with people late to the party opening accounts, and those already in moving money and trying to check their balance?

Might move some money over tomorrow instead incase the website can't cope with heavy traffic on Friday

FWIW the two deposits I made into the Coventry BS FHS account today took about 90 minutes to appear online. First time using Fast Transfer so no idea if this is the usual timescale.