The New Top Easy Access Savings Discussion Area

Sherbertfizz

Sherbertfizz said:

Anyone had issues with Oaknorth Bank?  I have tried several times today to close my 95 day notice account following a rate cut from 4.62 to 4.37.  Each time, I receive a message saying that my withdrawal didn't go through, without any explanation.  Have tried calling but can't get through. 

Update:  Finally got through to Oaknorth - there is a glitch in their system but they have agreed to raise the withdrawal manually. 

MichaelAP

Sherbertfizz said:

Anyone had issues with Oaknorth Bank?  I have tried several times today to close my 95 day notice account following a rate cut from 4.62 to 4.37.  Each time, I receive a message saying that my withdrawal didn't go through, without any explanation.  Have tried calling but can't get through. 

Not seeing a rate cut on my 95 day notice account. It’s still at 4.64% at the moment. This one’s on Issue 4.

ToastLady

Chase, quick off the mark as suspected.

https://www.chase.co.uk/gb/en/
Our saver interest rate is changing

Because the Bank of England has recently reduced its base rate, the standard Chase saver variable rate will change from 3.00% AER (2.96% gross) to 2.75% AER (2.72% gross), effective from 15 May 2025. 

So for those of us who got recent boost to 4.8% will be 4.55% from 15th May.

nottsphil

MichaelAP said:

Sherbertfizz said:

Anyone had issues with Oaknorth Bank?  I have tried several times today to close my 95 day notice account following a rate cut from 4.62 to 4.37.  Each time, I receive a message saying that my withdrawal didn't go through, without any explanation.  Have tried calling but can't get through. 

Not seeing a rate cut on my 95 day notice account. It’s still at 4.64% at the moment. This one’s on Issue 4.

This thread's not for notice accounts.

slinger2

MichaelAP said:

Sherbertfizz said:

Anyone had issues with Oaknorth Bank?  I have tried several times today to close my 95 day notice account following a rate cut from 4.62 to 4.37.  Each time, I receive a message saying that my withdrawal didn't go through, without any explanation.  Have tried calling but can't get through. 

Not seeing a rate cut on my 95 day notice account. It’s still at 4.64% at the moment. This one’s on Issue 4.

I assume that these are "95 day notice base rate tracker" accounts. The clue's in the name. Shouldn't come as any surprise that the saving rates are down 0.25%.

allegro120

ToastLady said:

Chase, quick off the mark as suspected.

https://www.chase.co.uk/gb/en/
Our saver interest rate is changing

Because the Bank of England has recently reduced its base rate, the standard Chase saver variable rate will change from 3.00% AER (2.96% gross) to 2.75% AER (2.72% gross), effective from 15 May 2025. 

So for those of us who got recent boost to 4.8% will be 4.55% from 15th May.

I've put 15th May in my diary a couple of days ago Now just need to watch the shaw, most of EAs will be dropping rates very soon (GB has already announced it on 29 April).  I hope Cahoot will stick to their 60-days notice - I've got a space for £12k in Sunny Days @4.75%... I won't be surprised if in a couple of weeks time Chase's 4.55% will become the best home for EA cash again.  

mebu60

allegro120 said:

ToastLady said:

Chase, quick off the mark as suspected.

https://www.chase.co.uk/gb/en/
Our saver interest rate is changing

Because the Bank of England has recently reduced its base rate, the standard Chase saver variable rate will change from 3.00% AER (2.96% gross) to 2.75% AER (2.72% gross), effective from 15 May 2025. 

So for those of us who got recent boost to 4.8% will be 4.55% from 15th May.

I've put 15th May in my diary a couple of days ago Now just need to watch the shaw, most of EAs will be dropping rates very soon (GB has already announced it on 29 April).  I hope Cahoot will stick to their 60-days notice - I've got a space for £12k in Sunny Days @4.75%... I won't be surprised if in a couple of weeks time Chase's 4.55% will become the best home for EA cash again.  

The GB Bank cut already announced is 4.7% down to 4.35% effective 13:05:25. 

Sherbertfizz

MichaelAP said:

Sherbertfizz said:

Anyone had issues with Oaknorth Bank?  I have tried several times today to close my 95 day notice account following a rate cut from 4.62 to 4.37.  Each time, I receive a message saying that my withdrawal didn't go through, without any explanation.  Have tried calling but can't get through. 

Not seeing a rate cut on my 95 day notice account. It’s still at 4.64% at the moment. This one’s on Issue 4.

Mine is Issue 2.  Had notification today, rate drops tomorrow (9/5)

MichaelAP

Sherbertfizz said:

MichaelAP said:

Sherbertfizz said:

Anyone had issues with Oaknorth Bank?  I have tried several times today to close my 95 day notice account following a rate cut from 4.62 to 4.37.  Each time, I receive a message saying that my withdrawal didn't go through, without any explanation.  Have tried calling but can't get through. 

Not seeing a rate cut on my 95 day notice account. It’s still at 4.64% at the moment. This one’s on Issue 4.

Mine is Issue 2.  Had notification today, rate drops tomorrow (9/5)

Yes…. Update from OakNorth has just come through now. Issue 4 drops from 4.64% to 4.39% as of May 09 2025.

ToastLady

And now Tandem 

From 22 May 2025, the underlying rate on your Instant Access Saver will move from 3.90% to 3.65% AER¹ (variable). If you already have the Top Up rate of 0.25% AER¹ (variable), your total interest rate will be 3.90% AER¹ (variable).  Here’s the lowdown…

Old Rate New Rate as of 22 May 2025 Underlying Rate 3.90% 3.65% Top Up 0.25% 0.25% Total 4.15% 3.90%