The New Top Easy Access Savings Discussion Area

SAC2334

KevinG said:

Middle_of_the_Road said:

KevinG said:

SAC2334 said:

Way it's going it's remaining empty and I will find somewhere else for my Chase money which dropped to 3.75 % on 4 th Nov 

I got the email telling me it would but it didn't. If you follow the link from the account it says the bonus is staying until 16 Jan 2025.

November was for the first issue. If you have the second issue it's January.

I opened the first issue, and when the later version was released I closed mine and opened the second issue to extend the bonus.

That's what I thought but my rate is still 4.75% and the link makes no mention of an earlier date. 

Mine is now empty because I ve moved it or am moving it to Chetwood Bank at 4.75%.The now empty Chase Boost account is  still showing 4.75% .It was emailed on 22 Oct that it would automatically drop to 3.75%.. 
If I can get 4.75 % till January it's going straight back again .The Chase Boost account has just updated now to 3.75% when I opened it to see the details 

KevinG

SAC2334 said:

KevinG said:

Middle_of_the_Road said:

KevinG said:

SAC2334 said:

Way it's going it's remaining empty and I will find somewhere else for my Chase money which dropped to 3.75 % on 4 th Nov 

I got the email telling me it would but it didn't. If you follow the link from the account it says the bonus is staying until 16 Jan 2025.

November was for the first issue. If you have the second issue it's January.

I opened the first issue, and when the later version was released I closed mine and opened the second issue to extend the bonus.

That's what I thought but my rate is still 4.75% and the link makes no mention of an earlier date. 

Mine is now empty because I ve moved it or am moving it to Chetwood Bank at 4.75%.The now empty Chase Boost account is  still showing 4.75% .It was emailed on 22 Oct that it would automatically drop to 3.75%.. 
If I can get 4.75 % till January it's going straight back again .The Chase Boost account has just updated now to 3.75% when I opened it to see the details 

It doesn't matter what I do to the account, it still shows as 4.75.

Wheres_My_Cashback

friolento said:

In contrast, TRading 212 adds the interest to your balance on a daily basis. Mind you, they have other issues, so it's from the devil into the deep blue sea.

Curious too as to what these issues are, my experience so far has been positive apart from the 1 day delay on fund distribution, however that is soon recouped through the higher interest rate and currently enjoying the price war with Moneybox who I also have funds with.

But this really isn't the thread to be discussing ISAs.

t1redmonkey

Wheres_My_Cashback said:

friolento said:

In contrast, TRading 212 adds the interest to your balance on a daily basis. Mind you, they have other issues, so it's from the devil into the deep blue sea.

Curious too as to what these issues are, my experience so far has been positive apart from the 1 day delay on fund distribution, however that is soon recouped through the higher interest rate and currently enjoying the price war with Moneybox who I also have funds with.

But this really isn't the thread to be discussing ISAs.

Trading 212 offer the same rate of 5.17% on non ISA money too (it’s what I’m using currently for small amounts of easy access cash).  The issue is that it’s not fully FSCS protected based on my understanding, since they split your money across a combination of banks but also place some of it in QMMFs.  The portion held in the QMMFs isn’t FSCS protected, but the money held in the banks is (that’s my understanding anyway, someone feel free to correct me if I’m wrong!).

Dizzycap

Middle_of_the_Road said:

t1redmonkey said:

Just seen from the MSE weekly email that the T212 rate is up to 5.17% now (I know T212 is not everyone's cup of tea though!).

Also moneybox, not sure who moved first.

T212 followed closely by Moneybox 2 days later.

gesdt50

t1redmonkey said:

Wheres_My_Cashback said:

friolento said:

In contrast, TRading 212 adds the interest to your balance on a daily basis. Mind you, they have other issues, so it's from the devil into the deep blue sea.

Curious too as to what these issues are, my experience so far has been positive apart from the 1 day delay on fund distribution, however that is soon recouped through the higher interest rate and currently enjoying the price war with Moneybox who I also have funds with.

But this really isn't the thread to be discussing ISAs.

Trading 212 offer the same rate of 5.17% on non ISA money too (it’s what I’m using currently for small amounts of easy access cash).  The issue is that it’s not fully FSCS protected based on my understanding, since they split your money across a combination of banks but also place some of it in QMMFs.  The portion held in the QMMFs isn’t FSCS protected, but the money held in the banks is (that’s my understanding anyway, someone feel free to correct me if I’m wrong!).

That sounds interesting, do Trading 212 offer that account as a separate account, a current account or stocks and shares?
Thanks for any help

SeriousHoax

Can someone tell me how long it takes for a withdrawal from Trading 212 to reach my account?

pecunianonolet

SeriousHoax said:

Can someone tell me how long it takes for a withdrawal from Trading 212 to reach my account?

Next working day usually.

SnowMan

Bank base rate reduced by 0.25% to 4.75%

https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2024/november-2024

'Eight members (Andrew Bailey, Sarah Breeden, Swati Dhingra, Megan Greene, Clare Lombardelli, Huw Pill, Dave Ramsden and Alan Taylor) voted in favour of the proposition. Catherine L Mann voted against the proposition, preferring to maintain Bank Rate at 5%'

t1redmonkey

SeriousHoax said:

Can someone tell me how long it takes for a withdrawal from Trading 212 to reach my account?

It's pretty much instant if doing it via open banking.