The New Top Easy Access Savings Discussion Area

EthicsGradient

With the likelihood of a 0.25% cut put at above 100% - ie the markets think a 0.5% cut would be more likely than a 0% one - it's not that surprising. 

jimexbox

Let's hope the BoE doesn't regret cutting rates in 6 months time. Food inflation is still ridiculous, coupled with energy and NI increases, seems a little premature. 

friolento

I also opened the existing customers only DF Capital 1-day notice account, 4.6%, in the hope they won't cut their rate just as quickly as GB Bank have already advised, and as Chase might do.

barnehurst

Went with 4.52% National Bank Egypt bond on Raisin.

Not an ISA but I'm a low earner so get the £17k limit

allegro120

friolento said:

I also opened the existing customers only DF Capital 1-day notice account, 4.6%, in the hope they won't cut their rate just as quickly as GB Bank have already advised, and as Chase might do.

I opened it in July 2023, it paid 5.2% then.  This is one of my "must stay" account, it has been very useful, filled the gaps few times.  They still call it 1-day notice.  It used to be next working day delivery, but now withdrawals arrive within few hours.  £1 balance keeps it going.  Minimum withdrawal £1k is not a problem (if you need less) because you can put back the surplus.  Deposits arrive immediately. 

allegro120

nottsphil said:

allegro120 said:

exel1966 said:

RedImp_2 said:

Opening my Chase app this morning I was offered a 1.8% boosted savings account meaning 4.8% for 6 months.
Does seem a bit daft have to add a new account as now I have three savings accounts with them.

I still have a Saver a/c though it's had a zero balance for a few months now.

I have been offered the boost, there is a 'get my boost' box on the Save and Invest page.

Realistically this is likely to become 4.55% on 15th May if the BoE base rate reduces.

According to predictions it most certainly will. Still 10 days of a better rate is a plus.  I pulled all funds from my  unlimited access EAs and put it in Chase for now.  After the 8th May BoE meeting I'll put it back to where it was before (£12k in 4.75% Cahoots and the rest spread across 4.6% GB, Family and DF). I'm sure they will reduce their rates too, but probably not immediately.  I don't know about Family and GB, but DF and especially Cahoot give generous notices. 

Is it really worth it for 4p (gross) per Cahoot account?

It depends on your attitude towards saving.

guli

allegro120 said:

friolento said:

I also opened the existing customers only DF Capital 1-day notice account, 4.6%, in the hope they won't cut their rate just as quickly as GB Bank have already advised, and as Chase might do.

I opened it in July 2023, it paid 5.2% then.  This is one of my "must stay" account, it has been very useful, filled the gaps few times.  They still call it 1-day notice.  It used to be next working day delivery, but now withdrawals arrive within few hours.  £1 balance keeps it going.  Minimum withdrawal £1k is not a problem (if you need less) because you can put back the surplus.  Deposits arrive immediately. 

T&C says min balance is £1000, is it not?

allegro120

guli said:

allegro120 said:

friolento said:

I also opened the existing customers only DF Capital 1-day notice account, 4.6%, in the hope they won't cut their rate just as quickly as GB Bank have already advised, and as Chase might do.

I opened it in July 2023, it paid 5.2% then.  This is one of my "must stay" account, it has been very useful, filled the gaps few times.  They still call it 1-day notice.  It used to be next working day delivery, but now withdrawals arrive within few hours.  £1 balance keeps it going.  Minimum withdrawal £1k is not a problem (if you need less) because you can put back the surplus.  Deposits arrive immediately. 

T&C says min balance is £1000, is it not?

No, it is not Since opening most of the times my balance was below £1000, £1 at the moment.  DF EA account wouldn't have been on my "must keep" list if the min was £1k - I closed all my Oxbury accounts because of £1k min balance condition when they became uncompetitive.  More than £100 at lower rate for securing EA account doesn't fit my strategy.

flobbalobbalob

allegro120 said:

guli said:

allegro120 said:

friolento said:

I also opened the existing customers only DF Capital 1-day notice account, 4.6%, in the hope they won't cut their rate just as quickly as GB Bank have already advised, and as Chase might do.

I opened it in July 2023, it paid 5.2% then.  This is one of my "must stay" account, it has been very useful, filled the gaps few times.  They still call it 1-day notice.  It used to be next working day delivery, but now withdrawals arrive within few hours.  £1 balance keeps it going.  Minimum withdrawal £1k is not a problem (if you need less) because you can put back the surplus.  Deposits arrive immediately. 

T&C says min balance is £1000, is it not?

No, it is not Since opening most of the times my balance was below £1000, £1 at the moment.  DF EA account wouldn't have been on my "must keep" list if the min was £1k - I closed all my Oxbury accounts because of £1k min balance condition when they became uncompetitive.  More than £100 at lower rate for securing EA account doesn't fit my strategy.

I've only had £1 in Oxbury for months. They just don't pay pay any interest under £1k

exel1966

guli said:

allegro120 said:

friolento said:

I also opened the existing customers only DF Capital 1-day notice account, 4.6%, in the hope they won't cut their rate just as quickly as GB Bank have already advised, and as Chase might do.

I opened it in July 2023, it paid 5.2% then.  This is one of my "must stay" account, it has been very useful, filled the gaps few times.  They still call it 1-day notice.  It used to be next working day delivery, but now withdrawals arrive within few hours.  £1 balance keeps it going.  Minimum withdrawal £1k is not a problem (if you need less) because you can put back the surplus.  Deposits arrive immediately. 

T&C says min balance is £1000, is it not?

Min opening deposit is £1K and Min balance is £1K, however they don't seem to enforce the min balance.

What is my minimum and maximum balance?

The minimum balance is £1,000 and the maximum is £250,000. The maximum deposit balance that you can hold with us across all savings accounts is £250,000. The minimum deposit amount is £1,000 which must be paid within 14 calendar days of account opening.