The New Top Easy Access Savings Discussion Area

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

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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.  

flaneurs_lobster

shirley999 said:

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.  

No problems here, have shifted a few £k in/out yesterday/today, usual biometric login.

Beeblebr0x

No problems using bio

Blackbriar_040

Used Tesco app early, no issues, check their is no app update?

ircE

True EA accounts are easy access savings accounts which can be opened, and the headline rate earned, from a balance of £1, and allow unlimited deposits and withdrawals. This table excludes accounts limited to smaller balances, paid-for/premium accounts, and accounts from savings marketplaces. Instant Trut EA accounts are True EA accounts which advertise immediate deposit and withdrawals 24/7. Highlighted entries show changes since last time: green for rate rises, red for rate drops, and blue for new entries to the respective table.

Chase and Chip engage in a cha-cha at the top of both tables seeking new customers. Tesco Bank cheekily offering 4.41% only for a few days before it relaxes back down to 4.31%. Perhaps a nervous look over the shoulder in the instant access market as Hodge Bank makes its debut not too far off the top spot (thanks again Malchester for beating moneyfacts to the scoop). Everyone's favourite not-quite-a-bank bank Revolut has joined its rivals in offering savings accounts in Monzo-style tiers. The 4.00% account that makes it to the scorecard is open to everyone on the Standard tier of Revolut. Note that funds in savings accounts are held by Clearbank and so protected up to £85k across all your Clearbank-held funds.

* Marcus/SAGA also offer 4.30%, but Cynergy comes first alphabetically!

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)

And today I received an email from Virgin to tell me the interest is reducing to 4.06% from 31/3.

allegro120

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)

And today I received an email from Virgin to tell me the interest is reducing to 4.06% from 31/3.

I opened this Virgin Defined account (issue 21) in February 2024 with £1 in case it might become competitive in future. That was the only transaction I've ever made.  I haven't loged in since, looking at it now and there is no interest earned on that £1.  Should have earned at least 4p by now???  I didn't download t&c, so don't know when the interest is supposed to be paid.  Does anyone know?