santander esaver 3.20%

Doctor_Who

guestman said:

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

Newcastle Base Rate Tracker (Issue 1)

Yes, but Chip has been at or around the top of the table for months, Newcastle BS hasn't! It won't always be the case, but Chip is a reasonably safe bet for those of us who don't want to chase the table-topping rates every hour/day/week!

PixelPound

Doctor_Who said:

guestman said:

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

Newcastle Base Rate Tracker (Issue 1)

Yes, but Chip has been at or around the top of the table for months, Newcastle BS hasn't! It won't always be the case, but Chip is a reasonably safe bet for those of us who don't want to chase the table-topping rates every hour/day/week!

Though the Newcastle BS is BOE-0.7% so should go up online with any future raises.

Though that's my third ESA opened since the BOE rise.

Doctor_Who

castle96 said:

"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?

I think it's a year from when you opened the account, but I might be wrong on that. Not sure what it 'becomes' on the anniversary, but you can be sure it'll pay a lot less interest. 

Doctor_Who

nic_c said:

Doctor_Who said:

guestman said:

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

Newcastle Base Rate Tracker (Issue 1)

Yes, but Chip has been at or around the top of the table for months, Newcastle BS hasn't! It won't always be the case, but Chip is a reasonably safe bet for those of us who don't want to chase the table-topping rates every hour/day/week!

Though the Newcastle BS is BOE-0.7% so should go up online with any future raises

Good point, it might be one to hold if you don't want to keep switching. Although you can be sure they'll be a raft of other providers competing with whatever rate Newcastle BS goes to at the next BOE meeting. Some people religiously chase 0.01% increases, I can't be bothered. As long as my EA account is within a few tenths of the best rate that will do me!

jak22

The Santander account converts to a low paying Everyday Saver after 12 months - so it not a bonus or anything - this is mentioned in the T&Cs doc

It was a competitive rate for only 2 months and had just one rate rise - if this is mentioned some will mention convenience but there's been no reason to keep significant savings in for months now. 

guestman

just opened a chip account, the santander is a 12 month thing i just checked, and currently if you apply for one now its only 2%

not sent anything to chip yet but it ook 60 seconds to open so why not.

i have been doing the monthly savers aswell, switched to natwest and got the free £200, but decided to stay for abit to take advantage of the 6% saver, plus the halifax and lloyds ones which have gone up abit but i think myn are around 4.5 and 5.2% ish i think

PixelPound

Doctor_Who said:

nic_c said:

Doctor_Who said:

guestman said:

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

Newcastle Base Rate Tracker (Issue 1)

Yes, but Chip has been at or around the top of the table for months, Newcastle BS hasn't! It won't always be the case, but Chip is a reasonably safe bet for those of us who don't want to chase the table-topping rates every hour/day/week!

Though the Newcastle BS is BOE-0.7% so should go up online with any future raises

Good point, it might be one to hold if you don't want to keep switching. Although you can be sure they'll be a raft of other providers competing with whatever rate Newcastle BS goes to at the next BOE meeting. Some people religiously chase 0.01% increases, I can't be bothered. As long as my EA account is within a few tenths of the best rate that will do me!

My rainy day fund has been in Santander 3.2% and on my to do list to find better. Lots of it gone across to Chip, but will be putting some in Newcastle BS.

Two accounts one app based, the other online. Should do me. 

wiseonesomeofthetime

My Rainy Day left Santander 3.25% to Barclays Rainy Day at 5.12% in just a matter of weeks IIRC.

london21

The rates constantly changing opened 2 accounts yesterday Chip and tandem paying 4.21% and 4.1%. can’t be bothered to open another account with Newcastle BS to get 4.3%. just sent back the source of wealth requirements for Chip today. How do people keep up wih the constant change. Was previously using Santander esaver offering 3.2%

Nebulous2

I logged into the app today and had a message to say that the rate will be increasing to 3.75% on the esaver within the next 5 working days.