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Savings accounts where interest does not remain stuck at start rate?
Comments
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They don't claim they are available the same day, only next working day, which is how it's always worked for me.Malchester said:
RCI are not 'instant' access but 'easy' access. Funds withdrawn not always available in linked account same day, more often next working day - Friday afternoon withdrawals notavailableuntilMonday. Investec, Marcus, Zopa and Chip are more instant.LHW99 said:RCI Freedom Savings updates rates for everyone. Currently 4.2% and instant access - allowing for transfer to the "nominated account", so usually a couple of working days.2kWp Solar PV - 10*200W Kioto, SMA Sunny Boy 2000HF, SSE facing, some shading in winter, 37° pitch, installed Jun-2011, inverter replaced Sep-2017 AND Feb-2022.0 -
I agree. I was responding to the post that said RCI were instant access, which they most definitely aren'tKevinG said:
They don't claim they are available the same day, only next working day, which is how it's always worked for me.Malchester said:
RCI are not 'instant' access but 'easy' access. Funds withdrawn not always available in linked account same day, more often next working day - Friday afternoon withdrawals notavailableuntilMonday. Investec, Marcus, Zopa and Chip are more instant.LHW99 said:RCI Freedom Savings updates rates for everyone. Currently 4.2% and instant access - allowing for transfer to the "nominated account", so usually a couple of working days.0 -
Malchester said:
RCI are not 'instant' access but 'easy' access. Funds withdrawn not always available in linked account same day, more often next working day - Friday afternoon withdrawals notavailableuntilMonday. Investec, Marcus, Zopa and Chip are more instant.LHW99 said:RCI Freedom Savings updates rates for everyone. Currently 4.2% and instant access - allowing for transfer to the "nominated account", so usually a couple of working days.Agreed, hence the qualification of my post shown in bold.The OP was enquiring about accounts that automatically increased rates when / soon after the BoE without needing to move money. RCI generally does that, and is fine IMO as long as you can allow for the slightly less than immediate access.0
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