The New Top Easy Access Savings Discussion Area

SickGroove

Email just received from Coventry Building Society...

The variable interest rate on your 4 Access Saver - Statement is reducing

From 2 June 2025, the rate on your 4 Access Saver - Statement will reduce by up to 0.35% gross p.a.

dosh37

refluxer said:

dosh37 said:

SnowMan said:

West Brom 4 access saver (issue 2): The interest rate where 5 or more withdrawals are made is reducing from 2.15% AER to 1.9% AER from 16th June 2025. That suggests to me that the rate where less than 5 withdrawals have been made will remain at 4.65% AER after 16th June 2025 as no mention is made of that. Given that the rate went up to 4.65% AER after the interest rate cut it seemed likely in any case that the rate wouldn't immediately decrease.

https://www.westbrom.co.uk/savings/easy-access/four-access-saver-issue-2

Any idea why it doesn't appear in the MSE Top Picks list?

MSE's top tables don't update as regularly as some of the other comparison sites. Personally, I use Moneyfactscompare as it's usually more up-to-date and (once you've re-ordered the results in terms of 'Rate'), it gives a simple list in rate order. That West Brom account is currently 5th on their list.

Hmmm - So Family BS recently appeared in the Top Picks list offering 4.55%, yet West Brom offering 4.65% is still not mentioned? Seems very fishy to me. Wouldn't surprise me if there were some backhanders going on. Shawshank Redemption and The Post Office spring to mind.

EthicsGradient

dosh37 said:

refluxer said:

dosh37 said:

SnowMan said:

West Brom 4 access saver (issue 2): The interest rate where 5 or more withdrawals are made is reducing from 2.15% AER to 1.9% AER from 16th June 2025. That suggests to me that the rate where less than 5 withdrawals have been made will remain at 4.65% AER after 16th June 2025 as no mention is made of that. Given that the rate went up to 4.65% AER after the interest rate cut it seemed likely in any case that the rate wouldn't immediately decrease.

https://www.westbrom.co.uk/savings/easy-access/four-access-saver-issue-2

Any idea why it doesn't appear in the MSE Top Picks list?

MSE's top tables don't update as regularly as some of the other comparison sites. Personally, I use Moneyfactscompare as it's usually more up-to-date and (once you've re-ordered the results in terms of 'Rate'), it gives a simple list in rate order. That West Brom account is currently 5th on their list.

Hmmm - So Family BS recently appeared in the Top Picks list offering 4.55%, yet West Brom offering 4.65% is still not mentioned? Seems very fishy to me. Wouldn't surprise me if there were some backhanders going on. Shawshank Redemption and The Post Office spring to mind.

That's a very silly remark. The West Brom account is limited to 4 withdrawals per year, and thus competing with the Chip (4.77%) and Atom (4.75%) accounts that are mentioned. The Family BS account is in between another Chip (4.6%) and Kent Reliance (4.46%).

dosh37

EthicsGradient said:

dosh37 said:

refluxer said:

dosh37 said:

SnowMan said:

West Brom 4 access saver (issue 2): The interest rate where 5 or more withdrawals are made is reducing from 2.15% AER to 1.9% AER from 16th June 2025. That suggests to me that the rate where less than 5 withdrawals have been made will remain at 4.65% AER after 16th June 2025 as no mention is made of that. Given that the rate went up to 4.65% AER after the interest rate cut it seemed likely in any case that the rate wouldn't immediately decrease.

https://www.westbrom.co.uk/savings/easy-access/four-access-saver-issue-2

Any idea why it doesn't appear in the MSE Top Picks list?

MSE's top tables don't update as regularly as some of the other comparison sites. Personally, I use Moneyfactscompare as it's usually more up-to-date and (once you've re-ordered the results in terms of 'Rate'), it gives a simple list in rate order. That West Brom account is currently 5th on their list.

Hmmm - So Family BS recently appeared in the Top Picks list offering 4.55%, yet West Brom offering 4.65% is still not mentioned? Seems very fishy to me. Wouldn't surprise me if there were some backhanders going on. Shawshank Redemption and The Post Office spring to mind.

That's a very silly remark. The West Brom account is limited to 4 withdrawals per year, and thus competing with the Chip (4.77%) and Atom (4.75%) accounts that are mentioned. The Family BS account is in between another Chip (4.6%) and Kent Reliance (4.46%).

Is there a published set of rules or is that just your opinion?

masonic

dosh37 said:

EthicsGradient said:

dosh37 said:

refluxer said:

dosh37 said:

SnowMan said:

West Brom 4 access saver (issue 2): The interest rate where 5 or more withdrawals are made is reducing from 2.15% AER to 1.9% AER from 16th June 2025. That suggests to me that the rate where less than 5 withdrawals have been made will remain at 4.65% AER after 16th June 2025 as no mention is made of that. Given that the rate went up to 4.65% AER after the interest rate cut it seemed likely in any case that the rate wouldn't immediately decrease.

https://www.westbrom.co.uk/savings/easy-access/four-access-saver-issue-2

Any idea why it doesn't appear in the MSE Top Picks list?

MSE's top tables don't update as regularly as some of the other comparison sites. Personally, I use Moneyfactscompare as it's usually more up-to-date and (once you've re-ordered the results in terms of 'Rate'), it gives a simple list in rate order. That West Brom account is currently 5th on their list.

Hmmm - So Family BS recently appeared in the Top Picks list offering 4.55%, yet West Brom offering 4.65% is still not mentioned? Seems very fishy to me. Wouldn't surprise me if there were some backhanders going on. Shawshank Redemption and The Post Office spring to mind.

That's a very silly remark. The West Brom account is limited to 4 withdrawals per year, and thus competing with the Chip (4.77%) and Atom (4.75%) accounts that are mentioned. The Family BS account is in between another Chip (4.6%) and Kent Reliance (4.46%).

Is there a published set of rules or is that just your opinion?

There doesn't need to be a published set of rules because it is blindingly obvious the account is limited access. The clue is in the name.

There ought to be a published set of rules about making malicious allegations though.

flaneurs_lobster

masonic said:

There ought to be a published set of rules about making malicious allegations though.

There is, it's called the Defamation Act 2013.

pecunianonolet

JamesRobinson48 said:

Family BS launched today Online Saver issue (10) paying 4.55% p.a. variable.

https://www.familybuildingsociety.co.uk/savings/easy-access-savings/product-detail/online-saver-(10)

Do we know if previous issues reduce in rate? E.g. issue 9 was 4.6% when launched and not been able to find any announcements yet. 

dlevene

dosh37 said:

refluxer said:

dosh37 said:

SnowMan said:

West Brom 4 access saver (issue 2): The interest rate where 5 or more withdrawals are made is reducing from 2.15% AER to 1.9% AER from 16th June 2025. That suggests to me that the rate where less than 5 withdrawals have been made will remain at 4.65% AER after 16th June 2025 as no mention is made of that. Given that the rate went up to 4.65% AER after the interest rate cut it seemed likely in any case that the rate wouldn't immediately decrease.

https://www.westbrom.co.uk/savings/easy-access/four-access-saver-issue-2

Any idea why it doesn't appear in the MSE Top Picks list?

MSE's top tables don't update as regularly as some of the other comparison sites. Personally, I use Moneyfactscompare as it's usually more up-to-date and (once you've re-ordered the results in terms of 'Rate'), it gives a simple list in rate order. That West Brom account is currently 5th on their list.

Hmmm - So Family BS recently appeared in the Top Picks list offering 4.55%, yet West Brom offering 4.65% is still not mentioned? Seems very fishy to me. Wouldn't surprise me if there were some backhanders going on. Shawshank Redemption and The Post Office spring to mind.

West Brom 4.65% appearing with that link for me.

Maybe the lizard people saw that you were on to them and backed off?

intalex

JamesRobinson48 said:

Family BS - that issue 10 might not be on offer for very long.

Are they known for pulling products within a day of release?

Alicon88

are we expecting atom or chip to decrease the rate soon?
I want to move something from Monument (where I had a 60 days notice account) to perhaps one of the 2 mentions above, but don't want to go through all the hassle if we are expecting reductions in the next couple of weeks?