The New Top Easy Access Savings Discussion Area

SnowMan

westv said:

SnowMan said:

westv said:

When did the Virgin Defined Access savings rate drop to 4.06%? The last email I had from them in Nov last year said 4.51% but nothing since.

Which version are you referring to?

The Virgin defined access e saver (issue 30) which has been available to open since 13th February pays 4.06% AER.

The Virgin defined access e saver (issue 27) which is the account I have and was available to open between 2/10/2024 and 19/12/2024 is still paying 4.51% AER as far as I can see.

Rates for old versions are here (choose 'previously offered', 'online' then 'E-saver')

I have £35k in mine with monthly interest.
Up until Feb I was receiving £131 in interest. However, this month that has reduced to £119 with no withdrawals.

Because February has 28 days and January has 31 days (131 x 28/31 = 118)

westv

SnowMan said:

westv said:

SnowMan said:

westv said:

When did the Virgin Defined Access savings rate drop to 4.06%? The last email I had from them in Nov last year said 4.51% but nothing since.

Which version are you referring to?

The Virgin defined access e saver (issue 30) which has been available to open since 13th February pays 4.06% AER.

The Virgin defined access e saver (issue 27) which is the account I have and was available to open between 2/10/2024 and 19/12/2024 is still paying 4.51% AER as far as I can see.

Rates for old versions are here (choose 'previously offered', 'online' then 'E-saver')

I have £35k in mine with monthly interest.
Up until Feb I was receiving £131 in interest. However, this month that has reduced to £119 with no withdrawals.

Because February has 28 days and January has 31 days (131 x 28/31 = 118)

Ah. 

......

mon3ysav3r

westv said:

I have £35k in mine with monthly interest.
Up until Feb I was receiving £131 in interest. However, this month that has reduced to £119 with no withdrawals.
I have issue 19

Feb has 10% fewer days in it than other months, so you got 10% less interest than in Jan?

Bobblehat

westv said:

SnowMan said:

westv said:

SnowMan said:

westv said:

When did the Virgin Defined Access savings rate drop to 4.06%? The last email I had from them in Nov last year said 4.51% but nothing since.

Which version are you referring to?

The Virgin defined access e saver (issue 30) which has been available to open since 13th February pays 4.06% AER.

The Virgin defined access e saver (issue 27) which is the account I have and was available to open between 2/10/2024 and 19/12/2024 is still paying 4.51% AER as far as I can see.

Rates for old versions are here (choose 'previously offered', 'online' then 'E-saver')

I have £35k in mine with monthly interest.
Up until Feb I was receiving £131 in interest. However, this month that has reduced to £119 with no withdrawals.

Because February has 28 days and January has 31 days (131 x 28/31 = 118)

Ah. 

......

Something to look forward to in April 

DaveyCee

Chase booster (6 month) just increased their rate by 0.25% back up to 4.75% after an initial 0.50% cut.

I'll take that : )

flaneurs_lobster

DaveyCee said:

Chase booster (6 month) just increased their rate by 0.25% back up to 4.75% after an initial 0.50% cut.

Strange decision?

No-one in receipt of the 6 month boost was going to leave before the end of the introductory rate anyway, and all the rest are busy withdrawing funds because of the low 3% standard rate and the new restrictions to the cashback proffer.

I can only assume that the World's fifth largest bank knows what it's doing.

sammy_zammy

flaneurs_lobster said:

DaveyCee said:

Chase booster (6 month) just increased their rate by 0.25% back up to 4.75% after an initial 0.50% cut.

Strange decision?

No-one in receipt of the 6 month boost was going to leave before the end of the introductory rate anyway, and all the rest are busy withdrawing funds because of the low 3% standard rate and the new restrictions to the cashback proffer.

I can only assume that the World's fifth largest bank knows what it's doing.

Encouraging people to stay with them, rather than ditching for a cash ISA with a better rate to use up their ISA allowance before April?

alfred64

Hinckley and Rugby

We will be undergoing essential maintenance on Saturday, 15 March 2025 from 12:30 pm to 3:30 pm. During this time, H&R Online users will be unable to access services or complete transactions online or via our mobile app until the process is complete. We apologise for any inconvenience this may cause.

winkowinko

flaneurs_lobster said:

DaveyCee said:

Chase booster (6 month) just increased their rate by 0.25% back up to 4.75% after an initial 0.50% cut.

Strange decision?

No-one in receipt of the 6 month boost was going to leave before the end of the introductory rate anyway, and all the rest are busy withdrawing funds because of the low 3% standard rate and the new restrictions to the cashback proffer.

I can only assume that the World's fifth largest bank knows what it's doing.

I dunno, I still have a few months left of the Chase boost, but was planning to open a 5% Chip ISA in 2 and a bit weeks.

I guess I am slightly less likely to now Chase have upped it to 4.75%. I probably still will, though,

shirley999

Is anyone else experiencing problems logging into Tesco bank app?  Since being forced to reset my password for allegedly getting my login details wrong, that I use regularly, I now have to use a passcode and nothing more to log into the app.  After a day, it didn’t recognise that passcode so after waiting a couple more days I’ve reset it to the same passcode.