The New Top Easy Access Savings Discussion Area

dc_scotland

jaypers said:

Atom’s Instant Saver Reward still says 4.85% on the main webpage but if you drill into the product it is says 4.6% so looks like it’s dropping down. 

Dropping to 4.60% for existing accounts on 21 Feb.

ranciduk

Shawbrook down to 3.85%

MichaelAP

pecunianonolet said:

explorerm said:

looks like CHIP have reduced the rate already on my Chip Easy Access Account from 4.75% to 4.49%! They seem to respond very fast to interest rate cuts, the same day ! Also happened with a ISA I had with Chip too! Will be emptying my account today !

It's a tracker account so they just do what they told you in the T&C you agreed to when you opened the account(s). Note, when you transfer out the ISA, should you wish to do so, you won't be able to open another ISA with them. 

Yes, a tracker. However, they reduced both accounts by 0.26%

janusd

dc_scotland said:

jaypers said:

Atom’s Instant Saver Reward still says 4.85% on the main webpage but if you drill into the product it is says 4.6% so looks like it’s dropping down. 

Dropping to 4.60% for existing accounts on 21 Feb.

their Instant Saver is dropping from 3.55% to 3.25% AER on the same date.

Pompeydave1967

Havnt had anything from trading 212 yet , still sitting at 5.12% on cash isa but I’m waiting !

janusd

OakNorth Easy Access Limited Edition dropping from 4.57% to 4.32% on 20th February for existing customers.

slinger2

MichaelAP said:

pecunianonolet said:

explorerm said:

looks like CHIP have reduced the rate already on my Chip Easy Access Account from 4.75% to 4.49%! They seem to respond very fast to interest rate cuts, the same day ! Also happened with a ISA I had with Chip too! Will be emptying my account today !

It's a tracker account so they just do what they told you in the T&C you agreed to when you opened the account(s). Note, when you transfer out the ISA, should you wish to do so, you won't be able to open another ISA with them. 

Yes, a tracker. However, they reduced both accounts by 0.26%

It's the "gross" rate that tracks the BOE rate. When the gross rates are converted to "AER" the difference can be slightly different. In this case 0.26% instead of 0.25%.

GalacticaActual

Those with the Chase Saver account (myself included) will know that their rates are now tied to the Bank of England base rate.

It was tied at 1.25% below base rate but changing to 1.50% below base rate on the 19th February 2025.

Consequently, the following interest rates will apply to the ordinary Chase Saver account (non-boosted rates):

From 14th November 2024: AER 3.50%
From 13th February 2025: AER 3.25%
From 19th February 2025: AER 3.00%

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

Dizzycap

Pompeydave1967 said:

Havnt had anything from trading 212 yet , still sitting at 5.12% on cash isa but I’m waiting !

They are usually last and at a later date.

GetRichOrDieSaving

Pompeydave1967 said:

Havnt had anything from trading 212 yet , still sitting at 5.12% on cash isa but I’m waiting !

5.12%, I’ve been on 4.9% for about a month now…..