understanding saving accounts interest rates

cisko65

I still cannot understand what are the different criteria used when listing fix termed saving accounts. For ex. for Tandem 1 year fix 

- MSE gives rate (AER) 0.85% - open online (This matches what's on Tandem website).

- Moneysavingexpert gives rate (AER) 1.05% , and says it cannot be opened online.

Are they referring to the same account? Thanks. 

eskbanker

When you state that 'MSE' says one thing and 'Moneysavingexpert' says something different, are you referring to different pages on this site and if so, which ones?

Zanderman

cisko65 said:

I still cannot understand what are the different criteria used when listing fix termed saving accounts. For ex. for Tandem 1 year fix 

- MSE gives rate (AER) 0.85% - open online (This matches what's on Tandem website).

- Moneysavingexpert gives rate (AER) 1.05% , and says it cannot be opened online.

Are they referring to the same account? Thanks. 

You need to say where you have seen this info.  The MSE website IS Moneysavingexpert.

On the MSE aka Moneysavingexpert website a Tandem 1 year account is listed at 0.85%
(here, at the time of writing: https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/#fixedsavings )

Whatever you're looking at suggesting 1.05%  but not online is either out of date or is just wrong/misleading.  Wrong/misleading seems most likely as Tandem are online only - so they cannot possibly have offered an account that cannot be opened online.

But what site are you looking at?

Edited to add:  I see from old discussions on this forum that Tandem did have a 1.05% 1 year account 3 weeks ago. But that was three weeks ago. Not now. You certainly won't be able to open that account online ( and certainly not offline) - not unless you have a time machine.

cisko65

Thanks.
Sorry maybe I was not clear, I quoted what I saw in MSE and Moneysupermarket. You are right it's no more in Moneysupermarket (saw it this afternoon, maybe an old page). They are edited separately, I thought that's why they often have packages, accounts etc shown differently. 

cisko65

eskbanker said:

When you state that 'MSE' says one thing and 'Moneysavingexpert' says something different, are you referring to different pages on this site and if so, which ones?

Sorry, I meant MSE and MoneySuperMarket!! Still, as a general question: does it make sense to check on both website? 
thanks

Alter_ego

MSE  is ............  Money Saving Expert  !!

cisko65

I know, said sorry already, I meant MSE and MoneySuperMarket!! 

eskbanker

cisko65 said:

eskbanker said:

When you state that 'MSE' says one thing and 'Moneysavingexpert' says something different, are you referring to different pages on this site and if so, which ones?

Sorry, I meant MSE and MoneySuperMarket!! Still, as a general question: does it make sense to check on both website? 
thanks

In volatile times for interest rates, it makes sense to do the rounds of numerous comparison sites if you want to be reasonably confident of not missing anything, as none of them can guarantee to keep pace with every change, but checking with the actual provider's site is always recommended before making any final decision.  Naturally, forums such as this tend to spread news of significant new or withdrawn products and rate changes before editorial articles can be updated, so you're in the right place here for all the latest!

cisko65

Still, one of my query is still unsolved
Tandem 1 year fixed rate:

- MSE says open online (This matches what's on Tandem website).

- MoneySuperMarket says manage by post/telephone

Thanks and sorry for my mistake.

eskbanker

cisko65 said:

Still, one of my query is still unsolved
Tandem 1 year fixed rate:

- MSE says open online (This matches what's on Tandem website).

- MoneySuperMarket says manage by post/telephone

Thanks and sorry for my mistake.

MoneySuperMarket will be wrong then....

Zanderman

cisko65 said:

Still, one of my query is still unsolved
Tandem 1 year fixed rate:

- MSE says open online (This matches what's on Tandem website).

- MoneySuperMarket says manage by post/telephone

Thanks and sorry for my mistake.

 MoneySuperMarket now lists the 1 year Tandem account correctly as 0.85% but still says "manage by post/telephone" - which is clearly incorrect for an entirely online bank like Tandem.

The lesson here is to realise that aggregator sites like MSE or Moneysupermarket are not infallible.  They may be out of date.  They can make errors.  Only the actual bank's website will tell you what is currently available and how to apply. (though for outfits like Raisin or HL Active Savings you might, sometimes but not often, find a better deal than the ban's advertised rate).

Your opening post acknowledged what was on Tandem's website - which was the genuine actual current offering.

In this case MSE win the prize for accurate reporting.  Moneysupermarket do not.