The New Top Easy Access Savings Discussion Area

flobbalobbalob

Oxbury

Personal Easy Access Account (Issue 1):
We are writing to let you know that from 20/02/2025, your account's interest rate on balances above £1,000 will change from 4.09% Monthly Gross / 4.17% AER to 3.97% Monthly Gross / 4.04% AER.

Easy Access Account Special Edition 1:
We are writing to let you know that from 20/02/2025, your account's interest rate on balances above £25,000 will change from 4.27% Monthly Gross / 4.35% AER to 4.14% Monthly Gross / 4.22% AER.

wiseonesomeofthetime

Kroo has emailed, but given that the rate is a tracker, based on the BoE minus 1.10%, it is no surprise.

Now 3.40% AER/3.35% gross

SnowMan

Tesco are reducing their standard rate on their internet saver. This message appears on their website

Their 12 month introductory bonus applies on top. So if you opened an account during the following dates then that 12 month bonus should be

On or after 16/1/2025: 3.05%

26/11/2024 - 15/01/2025: 2.85%

22/10/2024 - 25/11/2024: 3.05%

09/10/2024 - 21/10/2024: 3.15%

27/08/2024 - 08/10/2024: 3.31%

08/08/2024 - 26/08/2024: 3.36%

07/06/2024 - 07/08/2024: 3.41%

03/04/2024 - 13/05/2024: 3.56%

03/10/2023 - 02/04/2024: 3.50%

So for example if you opened an internet saver between 3/4/2024 and 13/5/2024 then your rate is going down from 4.81% AER (3.56% + 1.25%) to 4.71% AER (3.56% + 1.15%) on 19th March. And the bonus itself will end some time between 3rd April and 13th May.

If you open an internet saver now then your rate is going down from 4.3% AER (3.05% + 1.25%) to 4.2% AER (3.05% + 1.15%) on 19th March.

So not a great account now but could be a good genuine same day transfer account for those who previously opened accounts at higher past bonus rates.

jaypers

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. 

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%

janusdesign

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 !

janusdesign

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