The New Top Easy Access Savings Discussion Area

SnowMan

Good Morningstar article on the likelihood of a base rate cut on 20th March or later in the year

https://www.morningstar.co.uk/uk/news/261975/will-the-bank-of-england-cut-interest-rates-on-march-20.aspx

'There is a 95.0% chance of a rate hold this month, according to interest rate swaps data, with a 77.0% chance of a cut at the MPC’s meeting in May and a 55.6% chance of a cut in August. This is a marked contrast from January, when traders anticipated only one cut this year, in February'

westv

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.
I have issue 19

SnowMan

A reminder that the West Brom four access (issue 1) drops from 4.65% AER to 4.4% AER today (14th March).

intalex

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 3 less interest earning days compared to January perhaps?

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.