Notice Accounts

RG2015

jimexbox said:

soulsaver said:

Just for debate: 0.2% premium atm for no access in 90 days doesn't seem a great offer, when supposedly
it's the best notice rate available & the potential for base rates to increase in the period?

I'm not eligible for the 12 month loyalty account and the rainy day is limited to 5k. You can move to another 90 day Northwood issue if they bring a better rate out. You don't need to wait 90 days. 

OakNorth?

jimexbox

RG2015 said:

jimexbox said:

soulsaver said:

Just for debate: 0.2% premium atm for no access in 90 days doesn't seem a great offer, when supposedly
it's the best notice rate available & the potential for base rates to increase in the period?

I'm not eligible for the 12 month loyalty account and the rainy day is limited to 5k. You can move to another 90 day Northwood issue if they bring a better rate out. You don't need to wait 90 days. 

OakNorth?

Oops, phone sausage finger...

soulsaver

jimexbox said:

soulsaver said:

Just for debate: 0.2% premium atm for no access in 90 days doesn't seem a great offer, when supposedly
it's the best notice rate available & the potential for base rates to increase in the period?

I'm not eligible for the 12 month loyalty account and the rainy day is limited to 5k. You can move to another 90 day Northwood issue if they bring a better rate out. You don't need to wait 90 days. 

Discussing my observation: 2.7% = 0.2% premium at the moment, from the top rate provider, for no access to your cash for min 90 days, doesn't seem a great offer.

The YBS Rainy Day isn't limited to £5k, it pays 2% on the balance above - but add to that the 5% from Barclays on £5k & your blended easy access rate could be above the Oaknorth 90 day offer! Depending how much you've got to deposit.

And whilst Oaknorth may or may not increase its rate (no undertaking AFAIK), by the same token the top easy access could increase by as much if not more.

And if you choose to go for the later higher rate the notice resets to 90 days?

And you need to give seperate notice on the interest earned in the notice period unless you close the account?

jimexbox

soulsaver said:

jimexbox said:

soulsaver said:

Just for debate: 0.2% premium atm for no access in 90 days doesn't seem a great offer, when supposedly
it's the best notice rate available & the potential for base rates to increase in the period?

I'm not eligible for the 12 month loyalty account and the rainy day is limited to 5k. You can move to another 90 day Northwood issue if they bring a better rate out. You don't need to wait 90 days. 

The YBS Rainy Day isn't limited to £5k, it pays 2% on the balance above - but add to that the 5% from Barclays on £5k & your blended rate could be above the Oaknorth 90 day offer, depending how much you've got to deposit.

And whilst Oak north may or may not increase its rate (no undertaking AFAIK), by the same token the top easy access could increase by as much if not more.

I've given notice on a large portion of my savings in oaknorth already. As I intend to fix, hopefully at 5% for a year in January.

So I'll have emergency fund, possibly a rainy day account (I'm waiting on a zopa pot to mature). A 90 day notice and a 1 year fix. 

SuzzleBumpkin

Charter is now offering 2.7% x 95 days.

SuzzleBumpkin

Really impressed with my DF Capital 90 day account. They’ve just increased the rate from 2.31% to 2.8%  which is a very nice surprise. (Starting Nov) They aren’t offering a notice account to new clients at the moment so this rate rise is just about looking after the clients they have. My guess is they’ll do a new issue soon though. Would recommend them, if they do. 

soulsaver

Santander is offering 2.75% Easy Access... that's blown most c90 day notice out of the water!

https://www.santander.co.uk/personal/savings-and-investments/savings/esaver

SuzzleBumpkin

soulsaver said:

Santander is offering 2.75% Easy Access... that's blown most c90 day notice out of the water!

https://www.santander.co.uk/personal/savings-and-investments/savings/esaver

Wow!!!! That’s fantastic. Just applied for one. Thank you for the heads up. 😁

SuzzleBumpkin

I think this new Santander account might be the catalyst to push up rates across the board. It’s going to be interesting. 😁 It’s a fun time for savers, though I do wish it didn’t have to be at expense of people with mortgages.

jimexbox

soulsaver said:

Santander is offering 2.75% Easy Access... that's blown most c90 day notice out of the water!

https://www.santander.co.uk/personal/savings-and-investments/savings/esaver

2.75% annual or 2.72% monthly. Definitely thrown down the gauntlet to any notice account or one with restrictions.