The New Top Easy Access Savings Discussion Area

soulsaver

Aldermore Double Access Issue 2 4.75% £1k min (21/8) ***NLA 11/11*** iss3 4.55%

t1redmonkey earlier post advised that iss2 will also go to 4.55% at 06/12.

GalacticaActual

Email from Chase this afternoon about the Chase Saver account interest rate, which is tied to the Bank of England base rate.

The standard saver rate will change from 3.75% AER (3.69% gross) variable to 3.50% AER (3.45% gross) variable on 14 November 2024 (this coming Thursday).

https://www.chase.co.uk/gb/en/support/interest-rates-explained/

It didn’t mention my Boosted Saver Account in the email but their website/T&Cs state that any other offers will be subject to changes to the Bank of England base rate.

I would imagine the rate for the Boosted Saver account will drop accordingly to 4.50% AER (4.45% gross) on 14 November 2024 also.

pecunianonolet

Secure Trust rate reduction

Bridlington1

wiseonesomeofthetime said:

Luckily, I am gripping on to Cahoot Simple Saver Issue 4 at 4.85% (NLA obv)

I've just noticed this on Cahoot's website though:

BACKTOBACK

Will be moving around £50k out of Chase saver and am undecided on either Monument or Vanquis?
The difference in interest is around £2 a month so i am more interested in customer service, easier use of app or website etc. I am also thinking that the Monument rate of 4.81aer is the new reduced rate but the 4.85 at vanquis could be reduced anytime? I will need instant access and around 5 withdrawals a year as the money is mostly stoozing from zero percent credit cards. Any advice?

SnowMan

Interesting that the no longer available Cahoot Simple Saver (issue 4) is dropping to 4.35% AER from 4.85% AER from 11th February 2025 (as per above). They only had to give 2 months notice but they've given 3 months instead. A lot of people endured the often difficult opening process in anticipation that this account would become temporarily really good after a base rate reduction.

The Cahoot Sunny Day saver (issue 2) is still showing as available at 5% AER for balances up to £3,000, and as already stated above the Cahoot Sunny Day saver (issue 1) joins it at 5% AER for balances up to £3,000 from 18th November after its rate reduces from 5.2% AER (for those whose year isn't coming to an end soon).

t1redmonkey

Barclays Rainy Day Saver reducing to 4.87% from 13th Feb 2025: https://www.barclays.co.uk/savings/instant-access/rainy-day-saver/

SaveTheEuro

IanManc said:

soulsaver said:

Furness Double Access - It was still available this morning when I checked links... and that my initial deposit had arrived....finally.

Furness have previous for withdrawing accounts halfway through working days. 

And... it's gone. No longer showing on the Furness website.

BestSeagull

BACKTOBACK said:

Will be moving around £50k out of Chase saver and am undecided on either Monument or Vanquis?
The difference in interest is around £2 a month so i am more interested in customer service, easier use of app or website etc. I am also thinking that the Monument rate of 4.81aer is the new reduced rate but the 4.85 at vanquis could be reduced anytime? I will need instant access and around 5 withdrawals a year as the money is mostly stoozing from zero percent credit cards. Any advice?

I am a fan of Monument. It's instant access any time, in and out. Really quick too.  It does have a 25k minimum balance but I keep that much in their 60 day notice account so I don't need to worry about going under. (They did say they would close the account if the balance went below the minimum) It's app only which I was hesitant about initially but it's been really reliable. 

Vanquis, money out is not with you until the end of the next day. Altogether slower so I just planted the minimum of £1k there to keep options open.

refluxer

BACKTOBACK said:

Will be moving around £50k out of Chase saver and am undecided on either Monument or Vanquis?
The difference in interest is around £2 a month so i am more interested in customer service, easier use of app or website etc. I am also thinking that the Monument rate of 4.81aer is the new reduced rate but the 4.85 at vanquis could be reduced anytime? 

Monument's easy access account has been at 4.81% for at least a couple of months now so it hasn't been reduced since last week's BoE reduction.

With the competition falling, I would imagine a rate reduction will occur on both of those accounts soon.