The Top Fixed Interest Savings Discussion Area

Devonjem

Yes - I did earlier today.

TomDolan

Devonjem said:

Yes - I did earlier today.

did the transfer reach the same day or was it next day ?

I have monies in the easy access and have opened the fixed yesterday, so looking to put some into fixed

janusd

Devonjem said:

Yes - I did earlier today.

doh - it never occurred to me to check and withdraw £5k from the Charter 2.25% to my nominated account and funded the fix from there... though the £5k hasn't even hit the nominated account yet.

the weird thing is the charter fix is showing a rate of 3.49% - no idea why as I think it should show 4.23%, but have sent them a secure message.

TomDolan

mine wasn't showing on the day I opened the account, but today its showing 4.23% along with the balance

bristolleedsfan

TomDolan said:

Devonjem said:

Yes - I did earlier today.

did the transfer reach the same day or was it next day ?

Funds that I sent from nominated account was credited the following day, applied from date that funds were sent.

bristolleedsfan

janusdesign said:

Devonjem said:

Yes - I did earlier today.

doh - it never occurred to me to check and withdraw £5k from the Charter 2.25% to my nominated account and funded the fix from there... though the £5k hasn't even hit the nominated account yet.

the weird thing is the charter fix is showing a rate of 3.49% - no idea why as I think it should show 4.23%, but have sent them a secure message.

Good spot, funded mine Thursday, was showing correct rate yesterday, now showing 3.49% 

dali21

bristolleedsfan said:

janusdesign said:

Devonjem said:

Yes - I did earlier today.

doh - it never occurred to me to check and withdraw £5k from the Charter 2.25% to my nominated account and funded the fix from there... though the £5k hasn't even hit the nominated account yet.

the weird thing is the charter fix is showing a rate of 3.49% - no idea why as I think it should show 4.23%, but have sent them a secure message.

Good spot, funded mine Thursday, was showing correct rate yesterday, now showing 3.49% 

I have the same issue.  Opened 6 October and funded 7 October.  My annual gross rate should be 4.31% but it's showing 3.55% which was the previous 1 year fixed rate.  Have sent a secure message but also on hold on the phone to them now.  Will update when I have a response.

Eirambler

What would be the best instant access savings account at the moment that pays interest monthly (or at worst quarterly) that we could put £20-30k into. We are looking at potentially doing an extension to the house next year, so anything that only pays interest annually like the Nationwide 2.1% offer won't be any use to us.

I know Marcus at 1.8% pays out monthly, just wondering if there is anything else with similar ease of use but a higher rate that we would actually gain the interest from over the next few months. Or are we better off just topping up our Premium Bond pot?

Thanks.

jimexbox

Eirambler said:

What would be the best instant access savings account at the moment that pays interest monthly (or at worst quarterly) that we could put £20-30k into. We are looking at potentially doing an extension to the house next year, so anything that only pays interest annually like the Nationwide 2.1% offer won't be any use to us.

I know Marcus at 1.8% pays out monthly, just wondering if there is anything else with similar ease of use but a higher rate that we would actually gain the interest from over the next few months. Or are we better off just topping up our Premium Bond pot?

Thanks.

Al Rayan @ 2.35% is instant access. Or you could use a 90 day notice account. Northoak @ 2.71%. Then give notice immediately. 

refluxer

Eirambler said:

I know Marcus at 1.8% pays out monthly, just wondering if there is anything else with similar ease of use but a higher rate that we would actually gain the interest from over the next few months. Or are we better off just topping up our Premium Bond pot?

If you want guaranteed interest and don't need Premium Bonds for tax reasons, I would stick it in the highest-paying easy access account you're comfortable using because, with PB, you're not guaranteed a return and will lose out on at least a month's worth of interest during the month they need to be held to qualify. This could easily spread to 2 months of lost interest if the bonds end up being both bought and cashed-in midway through the month(s).