The New Top Easy Access Savings Discussion Area

Cobbler_tone

I'll have my eyes peeled here in early Jan but I think most people chasing half decent easy access saving products are going to be disappointed. I would personally only 'Chase' something beating my rate by 0.5% or more. Maybe they will introduce a new boosted rate if they start dropping customers.

jak22

When the Chase bonus on older accounts ends in a month's time the rate drops to 3.5% AER, then if the next BoE on Feb 6th decides on a 0.25% fall the rate would drop to 3.25% and then to 3% on Feb 19th. Although it's logical to keep some funds available with Instant Access, many may be inspired to move when the bonus ends - for example there's Gatehouse at 4.75% AER for Easy Access, Tandem at 4.4% AER for Instant Access, or Atom at 4.85% if no withdrawals, to mention just a few above a 0.5% margin.

Cobbler_tone

jak22 said:

When the Chase bonus on older accounts ends in a month's time the rate drops to 3.5% AER, then if the next BoE on Feb 6th decides on a 0.25% fall the rate would drop to 3.25% and then to 3% on Feb 19th. Although it's logical to keep some funds available with Instant Access, many may be inspired to move when the bonus ends - for example there's Gatehouse at 4.75% AER for Easy Access, Tandem at 4.4% AER for Instant Access, or Atom at 4.85% if no withdrawals, to mention just a few above a 0.5% margin.

Thank you. Most of my savings are now going to 4 x regular savers and my pension. Probably not worth me opening another to chase pennies, plus I do really like Chase. Hopefully they open a new boost or regular saver at some point. 7 accounts is enough for me!

dgpur

Just a reminder that Ford Money’s rate went from 4.75% to 4.5% yesterday.

dadacool1

Is it possible for an existing chase current account holder with the bonus interest curretly at 4.5% able to create a new account to get the 5% ?

flaneurs_lobster

dadacool1 said:

Is it possible for an existing chase current account holder with the bonus interest curretly at 4.5% able to create a new account to get the 5% ?

Tried that. No.

Middle_of_the_Road

dadacool1 said:

Is it possible for an existing chase current account holder with the bonus interest curretly at 4.5% able to create a new account to get the 5% ?

No, they've now prevented closing and opening at the higher rate.

soulsaver

Close Bros 4.70% £10k minFR (13/11) ***NLA 26/12***

Vanquis Easy Access Account Issue 4 4.65% £1k min (15/11) ***NLA 26/12*** new 4.50%

schiff

Not sure where to post this!
I've had notice that the interest rate on my Skipton MBS reduces on 17/1 to 3.30%. I'll be emptying it down to a £1 as it will be useful to debit card £500 monthly in and out to my Halifax Reward account. 

janusdesign

schiff said:

Not sure where to post this!
I've had notice that the interest rate on my Skipton MBS reduces on 17/1 to 3.30%. I'll be emptying it down to a £1 as it will be useful to debit card £500 monthly in and out to my Halifax Reward account. 

I had similar but for me on the 13th - it's just the end of the initial 12-month 1.7% bonus interest.