The New Top Easy Access Savings Discussion Area

Bridlington1

@soulsaver

Chip Easy Access Saver nudges up from 4.72% to 4.85%

Chetwood Bank Easy Access Account  slips from 4.71% to 4.66%

simonsmithsays

soulsaver said:

Dear Furness BS Member

Interest rate decrease to Double Access Saver (NLA 11/11/24)

We regularly review our savings interest rates to take into account what’s happening in the wider financial marketplace and we’re writing to let you know the interest rate on your savings is going to change. 

As you may be aware, the Bank of England decreased the Base Rate on 7th November 2024 and it is now at 4.75%.  As a result of this, we’re changing the interest rate on your savings with effect from 20th January 2025. 

Below is a summary of the changes:

Current Rate	New Rate	Effective Date
4.90% Gross/AER*	4.65% Gross/AER*	20th January 2024

At least that puts a halt to my plan of moving a wedge from Gatehouse to here in the next few weeks!

mebu60

Bridlington1 said:

@soulsaver

Chip Easy Access Saver nudges up from 4.72% to 4.85%

Chetwood Bank Easy Access Account  slips from 4.71% to 4.66%

@Bridlington1
Is that only for new applications for Chetwood? Only reduced to 4.71% on 16:12:24. I haven't (yet) received any notification of further reduction on existing. 

Bridlington1

mebu60 said:

Bridlington1 said:

@soulsaver

Chip Easy Access Saver nudges up from 4.72% to 4.85%

Chetwood Bank Easy Access Account  slips from 4.71% to 4.66%

@Bridlington1
Is that only for new applications for Chetwood? Only reduced to 4.71% on 16:12:24. I haven't (yet) received any notification of further reduction on existing. 

From what I can gather it appears to be a new issue. The summary box is labelled as EA_4 dated today, there exists a previous EA_3 dated 22/11/24 showing the 4.71% rate.

Whether they'll reduce the rates on previous rates remains to be seen though.

SeriousHoax

Bridlington1 said:

@soulsaver

Chip Easy Access Saver nudges up from 4.72% to 4.85%

Chetwood Bank Easy Access Account  slips from 4.71% to 4.66%

I've got chip easy access from a few weeks ago and it's still showing 4.75% when will it show the new4.85%

simonsmithsays

soulsaver said:

Dear Furness BS Member

Interest rate decrease to Double Access Saver (NLA 11/11/24)

We regularly review our savings interest rates to take into account what’s happening in the wider financial marketplace and we’re writing to let you know the interest rate on your savings is going to change. 

As you may be aware, the Bank of England decreased the Base Rate on 7th November 2024 and it is now at 4.75%.  As a result of this, we’re changing the interest rate on your savings with effect from 20th January 2025. 

Below is a summary of the changes:

Current Rate	New Rate	Effective Date
4.90% Gross/AER*	4.65% Gross/AER*	20th January 2024

Can anyone recall or point me to, if there was, a minimum that had to be held in this account please?

I've not recorded (any minimum) on my spreadsheet.

TIA

moi

SeriousHoax said:

Bridlington1 said:

@soulsaver

Chip Easy Access Saver nudges up from 4.72% to 4.85%

Chetwood Bank Easy Access Account  slips from 4.71% to 4.66%

I've got chip easy access from a few weeks ago and it's still showing 4.75% When will it show the new 4.85% [?]

 It's the bonus they've increased, from 0.93% to 1.03% not the underlying variable tracker rate of 3.82% AER/3.75% Gross. I guess that means it's only for new customers/accounts. Not those of us who opened with 1 year 0.93% bonuses. 

soulsaver

simonsmithsays said:

soulsaver said:

Dear Furness BS Member

Interest rate decrease to Double Access Saver (NLA 11/11/24)

We regularly review our savings interest rates to take into account what’s happening in the wider financial marketplace and we’re writing to let you know the interest rate on your savings is going to change. 

As you may be aware, the Bank of England decreased the Base Rate on 7th November 2024 and it is now at 4.75%.  As a result of this, we’re changing the interest rate on your savings with effect from 20th January 2025. 

Below is a summary of the changes:

Current Rate	New Rate	Effective Date
4.90% Gross/AER*	4.65% Gross/AER*	20th January 2024

Can anyone recall or point me to, if there was, a minimum that had to be held in this account please?

I've not recorded (any minimum) on my spreadsheet.

TIA

I didn't report any, but I generally don't if it's as low as £1 - so 'Nil' or £1.

ForumUser7

simonsmithsays said:

soulsaver said:

Dear Furness BS Member

Interest rate decrease to Double Access Saver (NLA 11/11/24)

We regularly review our savings interest rates to take into account what’s happening in the wider financial marketplace and we’re writing to let you know the interest rate on your savings is going to change. 

As you may be aware, the Bank of England decreased the Base Rate on 7th November 2024 and it is now at 4.75%.  As a result of this, we’re changing the interest rate on your savings with effect from 20th January 2025. 

Below is a summary of the changes:

Current Rate	New Rate	Effective Date
4.90% Gross/AER*	4.65% Gross/AER*	20th January 2024

Can anyone recall or point me to, if there was, a minimum that had to be held in this account please?

I've not recorded (any minimum) on my spreadsheet.

TIA

soulsaver said:

simonsmithsays said:

soulsaver said:

Dear Furness BS Member

Interest rate decrease to Double Access Saver (NLA 11/11/24)

We regularly review our savings interest rates to take into account what’s happening in the wider financial marketplace and we’re writing to let you know the interest rate on your savings is going to change. 

As you may be aware, the Bank of England decreased the Base Rate on 7th November 2024 and it is now at 4.75%.  As a result of this, we’re changing the interest rate on your savings with effect from 20th January 2025. 

Below is a summary of the changes:

Current Rate	New Rate	Effective Date
4.90% Gross/AER*	4.65% Gross/AER*	20th January 2024

Can anyone recall or point me to, if there was, a minimum that had to be held in this account please?

I've not recorded (any minimum) on my spreadsheet.

TIA

I didn't report any, but I generally don't if it's as low as £1 - so 'Nil' or £1.

Yes, £1 - https://www.furnessbs.co.uk/media/s4xprge3/double-access-saver-01-11-24-v2.pdf https://www.furnessbs.co.uk/media/t5hb14zo/fbs-anla-25nov.pdf

vernon

Apologies if stating the obvious. Received an email from Chase stating that my boosted savings account ends on January 16 2025, and the interest rate goes down to 3.5% AER. If no further advantageous communication from Chase I shall move my savings elsewhere.