The New Top Easy Access Savings Discussion Area

SnowMan

'Cahoot dropping their rates' was perhaps referring to the Cahoot Simple Saver (issue 4) which is dropping from 4.85% to 4.35% AER tomorrow (11th February)

Cobbler_tone

As suspected Chase dropping to 3.25%

LZC

SnowMan said:

'Cahoot dropping their rates' was perhaps referring to the Cahoot Simple Saver (issue 4) which is dropping from 4.85% to 4.35% AER tomorrow (11th February)

Thanks, yes it was the Simple Saver that drops to 4.35% tomorrow that I was referring to. 

allegro120

Cobbler_tone said:

As suspected Chase dropping to 3.25%

E-mail received today.

"As the Chase saver rate is tied to the Bank of England base rate, we'll be updating it. The standard saver rate will change from 3.5% AER (3.45% gross) variable to 3.25% AER (3.2% gross) variable on 13 February 2025.

In case you missed it

From 19 February 2025, the AER on our Chase saver account will change from 1.25% to 1.5% below the Bank of England base rate. This means the standard Chase saver variable rate will be 3% from that day."

winkowinko

YBS easy access dropping from 4.35% to 4.10% on 11th March.

Bobblehat

Skipton .....

Not sure how significant this is, but Skipton have changed one of the messages on the web page about the recent BOE changes. They've removed the reference to 10th March etc. My red box added for clarity.

There is still that mysterious BRT increase though!

DaveyCee

allegro120 said:

Cobbler_tone said:

As suspected Chase dropping to 3.25%

E-mail received today.

"As the Chase saver rate is tied to the Bank of England base rate, we'll be updating it. The standard saver rate will change from 3.5% AER (3.45% gross) variable to 3.25% AER (3.2% gross) variable on 13 February 2025.

In case you missed it

From 19 February 2025, the AER on our Chase saver account will change from 1.25% to 1.5% below the Bank of England base rate. This means the standard Chase saver variable rate will be 3% from that day."

Are my maths correct? 

If you have the bonus 6 month 1.5% boost on top of the saver rate (5% inclusive) it has now dropped to 4.5% after all the recent deductions?

0.25
0.25

Thanks
D

ColdIron

DaveyCee said:

allegro120 said:

Cobbler_tone said:

As suspected Chase dropping to 3.25%

E-mail received today.

"As the Chase saver rate is tied to the Bank of England base rate, we'll be updating it. The standard saver rate will change from 3.5% AER (3.45% gross) variable to 3.25% AER (3.2% gross) variable on 13 February 2025.

In case you missed it

From 19 February 2025, the AER on our Chase saver account will change from 1.25% to 1.5% below the Bank of England base rate. This means the standard Chase saver variable rate will be 3% from that day."

Are my maths correct? 

If you have the bonus 6 month 1.5% boost on top of the saver rate (5% inclusive) it has now dropped to 4.25% after all the recent deductions?

0.25
0.5

Thanks
D

Your rate is 3.50% the same as everyone with a 1.50% boost so an overall rate of 5.00%

The rate will drop on the 13th by 0.25% to 3.25% for most to match the BoE rate reduction but as you have the bonus yours will be 4.75%

On the 19th the rate will drop another 0.25%, as they are reducing their tracking rate, to 3.00% for most but 4.50% for you

refluxer

For those holding a Barclays Rainy Day Saver, they've scheduled a further decrease in May in addition to the change in two day's time (source).

For balances up to £5,000...
Currently - 5.12%
13th Feb - 4.87%
6th May - 4.61%

allegro120

refluxer said:

For those holding a Barclays Rainy Day Saver, they've scheduled a further decrease in May in addition to the change in two day's time (source).

For balances up to £5,000...
Currently - 5.12%
13th Feb - 4.87%
6th May - 4.61%

And if you factor the fee it turns into 3.41% on 6th May.