The New Top Easy Access Savings Discussion Area

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%

allegro120

mebu60 said:

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. 

Yes, that's what I said, but for me it is from 4.6% (I have issue 2).

10_66

West Brom, Online Four Access Saver Issue 1.  When I logged on this afternoon, this account was showing a rate of 4.65% (which is the current rate for issue 2), which was a surprise to me as my spreadsheet and the West Brom's leaflet for rates no longer available is showing it at 4.40% from March 2025.  Is this showing for anyone else who may have one of these?

dpg100

10_66 said:

West Brom, Online Four Access Saver Issue 1.  When I logged on this afternoon, this account was showing a rate of 4.65% (which is the current rate for issue 2), which was a surprise to me as my spreadsheet and the West Brom's leaflet for rates no longer available is showing it at 4.40% from March 2025.  Is this showing for anyone else who may have one of these?

Yes, just checked and also showing 4.65%. I'd moved most of the funds out mid March and not looked since.
Wonder if they're actually paying it ?

BreakingGlass

10_66 said:

West Brom, Online Four Access Saver Issue 1.  When I logged on this afternoon, this account was showing a rate of 4.65% (which is the current rate for issue 2), which was a surprise to me as my spreadsheet and the West Brom's leaflet for rates no longer available is showing it at 4.40% from March 2025.  Is this showing for anyone else who may have one of these?

Issue 2 was suppose to drop to 4.4% on 14 Mar (I have the  email), but I just checked the £1 that I still have in there, and it too shows 4.65%.

EDIT:  Actually I still have about £800 in there. I forgot about the interest paid on 30th April - nice surprise!  Hope it is actually getting 4.65%.

SnowMan

slinger2 said:

Haven't seen it mentioned but Cahoot Simple Saver (issue 9) is available currently paying 4.41%AER (variable) for 12 months. 60 days (or so) notice of a rate reduction.

I've opened a Cahoot issue 9 simple saver. This account might look quite reasonable for the next few months once the interest rate cuts elsewhere kick in. They actually gave about 3 months notice on the last cut rather than the contractual 60 days. Has anyone managed to close a Cahoot issue 4 simple saver (4.35% AER) and transfer the closing balance to the issue 9 (4.41% AER)? The terms and conditions say you can close the account by phoning in or writing. But was wondering if secure message might work also? Got a decent amount of accrued but unpaid interest in the issue 4 which is why I don't want to leave just a £1 in there and wait for the 12 month point.