Starling 1 Year fix at 3.25%

penners324

Starling have launched a 1 Year fixed account at 3.25%

jaypers

That’s pants…..sorry!

Band7

jaypers said:

That’s pants…..sorry!

Sorry, not sorry for considering it exactly the same!

razord

Disappointing.

Should be instant access on a normal space for that rate imo. I was really hopeful for this one.

AmityNeon

Hilarious. The irony of today, BoE's base rate is higher than Starling's fresh fix.
Monzo's equivalent fix is 3.9%.

ForumUser7

I can only assume this was a rate planned long long ago for release in December. As a challenger bank, surely Starling can do better.

wiseonesomeofthetime

Pointless imo. 

GenieBoy

I was looking forward to Starling launching a savings account as I use Starling as my main current account but disappointed it's only a fixed offering. I thought they might have at least offered an instant access account too.

Band7

GenieBoy said:

I was looking forward to Starling launching a savings account as I use Starling as my main current account but disappointed it's only a fixed offering. I thought they might have at least offered an instant access account too.

It's not a particularly good idea to have all your eggs in the same basket, anyway. What if there is a problem with your access to your Starling bank? There are tons of reasons for things going wrong, with any bank. Spread your risk by spreading your money across multiple banks.

GenieBoy

Band7 said:

GenieBoy said:

I was looking forward to Starling launching a savings account as I use Starling as my main current account but disappointed it's only a fixed offering. I thought they might have at least offered an instant access account too.

It's not a particularly good idea to have all your eggs in the same basket, anyway. What if there is a problem with your access to your Starling bank? There are tons of reasons for things going wrong, with any bank. Spread your risk by spreading your money across multiple banks.

I have other savings accounts too (Marcus, Tandem, Atom and local building society, as well as premium bonds. Having a small savings account attached to my current account can come in handy for quick emergency access etc without dipping into main savings.

Band7

GenieBoy said:

Band7 said:

GenieBoy said:

I was looking forward to Starling launching a savings account as I use Starling as my main current account but disappointed it's only a fixed offering. I thought they might have at least offered an instant access account too.

It's not a particularly good idea to have all your eggs in the same basket, anyway. What if there is a problem with your access to your Starling bank? There are tons of reasons for things going wrong, with any bank. Spread your risk by spreading your money across multiple banks.

I have other savings accounts too (Marcus, Tandem, Atom and local building society, as well as premium bonds. Having a small savings account attached to my current account can come in handy for quick emergency access etc without dipping into main savings.

Appreciate the convenience of having an instant access account at your fingertips. With Faster Payments and/or Open Banking, though, it barely matters where accounts are held now.