santander esaver 3.20%

guestman

is it worth waiting till next month to see if they up the rates on the e saver from 3.2 at all? with the amount i have in there putting it some were at 4% would be a decent amount extra over a  year. not looking for a fixed deal as  i already have cash tied up in a halifax 4%. maybe the sainsburys 4% with upto 3 withdraws a year could be an option

thanks

wiseonesomeofthetime

Not really. For many of us the 12 months anniversary is fast approaching so account has been emptied already, I guess.

Doctor_Who

guestman said:

is it worth waiting till next month to see if they up the rates on the e saver from 3.2 at all? with the amount i have in there putting it some were at 4% would be a decent amount extra over a  year. not looking for a fixed deal as  i already have cash tied up in a halifax 4%. maybe the sainsburys 4% with upto 3 withdraws a year could be an option

thanks

I keep a small amount in the esaver just in case my phone dies/gets lost etc, that way I can use online banking to transfer money to my Santander current account. Otherwise it's all gone to Chip.

guestman

the interst rates and amount of new banks popping up ive never heard of every day now is insane. i only really know of the mainstream banks

Doctor_Who

Have a look here:

https://moneyfactscompare.co.uk/savings-accounts/

As long as the bank is FSCS registered (most on Moneyfacts are) you are protected upto £85K per banking licence (some banks share licences, so check). The mainstream banks are typically the worst for savings rates.

guestman

ill have a look thanks, just had a small look into chip, is says there are fees involved, not got as far as seeing how much yet

ColdIron

I doubt it, it's been poor for quite a while now and they haven't thought to improve it. Even if they increased it by 0.50% it would be trailing Chase (on Monday 3rd) which is a pretty low bar in itself

Doctor_Who

guestman said:

ill have a look thanks, just had a small look into chip, is says there are fees involved, not got as far as seeing how much yet

No fees if you just open the easy access account with Chip.

georged123

guestman said:

the interst rates and amount of new banks popping up ive never heard of every day now is insane. i only really know of the mainstream banks

I was similar to you a few months.

Was quite wary of using app only accounts and banks that didn't have branches and had most of my money in the Santander e-saver but having read this forum daily it's really opened my eyes and now i'm fairly confident and switched on with getting better rates wherever.

guestman

and like that, within 10 minutes chip has been topped by newcastle BS

Newcastle Base Rate Tracker (Issue 1)

castle96

"Not really. For many of us the 12 months anniversary is fast approaching so account has been emptied already, I guess."

there is an end date to ther 3.2% current rate then?? Didn't realise this. When? IWas a basic % + a 12 mth bonus then?