Notice Accounts

NameWithheld

StayinAlive said:

NameWithheld said:

Oak North have moved at last. Existing 90 day accounts going to 3.65% from May 1st

I got the email as well but no mention of the other accounts. So, in theory my 90 day will be higher than my 120 day!

120 will be 3.7%

Burcot

BLME and OakN both now 3.65% for 90 day acc. Have the OakN 90d which expires tomorrow. Have opened the BLME acc ready to use. Is there a preference for one or other on this BB - anything useful to know?? Any info appreciated. 

refluxer

Burcot said:

BLME and OakN both now 3.65% for 90 day acc. Have the OakN 90d which expires tomorrow. Have opened the BLME acc ready to use. Is there a preference for one or other on this BB - anything useful to know?? Any info appreciated. 

I've not held a Notice account with OakNorth but I have had a number of fixed rate accounts with them in recent years and never had an issue so they would be the one I'd choose, personally. I guess the only issue with choosing OakNorth is that you'll have to wait 3 weeks for their rate rise to kick in.

I notice that the BLME notice account has no online access - does that mean you can't even check the balance via online banking ?  

Burcot

refluxer. That is a good point regarding online access to balance info.  Will try and check.  Thank you. 

SuzzleBumpkin

refluxer said:

Burcot said:

BLME and OakN both now 3.65% for 90 day acc. Have the OakN 90d which expires tomorrow. Have opened the BLME acc ready to use. Is there a preference for one or other on this BB - anything useful to know?? Any info appreciated. 

I've not held a Notice account with OakNorth but I have had a number of fixed rate accounts with them in recent years and never had an issue so they would be the one I'd choose, personally. I guess the only issue with choosing OakNorth is that you'll have to wait 3 weeks for their rate rise to kick in.

I notice that the BLME notice account has no online access - does that mean you can't even check the balance via online banking ?  

I have the BLME notice account. No you can’t check your balance online. Though you can request a statement via email and they usually respond without any problems. I also have oak north which I do like. Their app is very simple to use. Oak North were slow to raise rates recently which is my only concern with them, whereas BLME have raised their rates many times.. BLME only pay interest quarterly instead of monthly. But on the whole, I’ve been very happy with both of them. 

Burcot

and Cynergy 95d is 3.6% now.  Not waiting until 1/5/23 like OakN. Thanks guys. 

CHIPS seems the best interest rate for easy access - 3.5% I have the safe max in that.  Are there other easy access accounts that people have spotted with similar rates?

Minty33

Investec 90 days now 3.71% min £5000

SuzzleBumpkin

Burcot said:

and Cynergy 95d is 3.6% now.  Not waiting until 1/5/23 like OakN. Thanks guys. 

CHIPS seems the best interest rate for easy access - 3.5% I have the safe max in that.  Are there other easy access accounts that people have spotted with similar rates?

Moneyfacts is usually up to date on the best easy access rates. https://moneyfactscompare.co.uk/savings-accounts/easy-access-savings-accounts/?quick-links-first=false

SuzzleBumpkin

Minty33 said:

Investec 90 days now 3.71% min £5000

Thanks for the heads up. I just checked my Investec 90/day ac and it’s gone up from 3.55 to 3.65, so I assume the 3,71 is for new accounts. I’ve not had an email yet though. 

EthicsGradient

SuzzleBumpkin said:

Minty33 said:

Investec 90 days now 3.71% min £5000

Thanks for the heads up. I just checked my Investec 90/day ac and it’s gone up from 3.55 to 3.65, so I assume the 3,71 is for new accounts. I’ve not had an email yet though. 

3.65% is the 'gross' rate - since it pays monthly, it compounds up to 3.71% AER (I believe they used to show the old rate, when you're logged into the account, as "3.49%" - I can remember thinking "hey, have they cut the rate?".