The New Top Easy Access Savings Discussion Area

dosh37

About time!

masonic

dosh37 said:

masonic said:

dosh37 said:

I recall reading that the FSCS limit of £85K was introduced in 2017 and the threshold was related to the UK being part of Europe.

Taking into account Brexit, savings tax and inflation, why is the limit still £85K in 2025?

Because the previous limit was much lower and going back to the early days, it is still lower than £85k in today's money.

Ok - so it's still a con?

The FSCS is not a con. I've personally benefited from it. Or did you mean Brexit?

mebu60

dosh37 said:

I recall reading that the FSCS limit of £85K was introduced in 2017 and the threshold was related to the UK being part of Europe.

Taking into account Brexit, savings tax and inflation, why is the limit still £85K in 2025?

Was set to £85k to match €100k in EU. Was £50k before that.  

masonic

mebu60 said:

dosh37 said:

I recall reading that the FSCS limit of £85K was introduced in 2017 and the threshold was related to the UK being part of Europe.

Taking into account Brexit, savings tax and inflation, why is the limit still £85K in 2025?

Was set to £85k to match €100k in EU. Was £50k before that.  

And £35k in 2008.

chris_the_bee

Kent Reliance

Your account name: D79 EASY ACCESS ACCOUNT  Important: we're reducing the interest rate on your account from 24/07/2025 as shown in the table below.

Previous Rate:

New Rate:

GROSS* 4.64% / AER** 4.64%

GROSS* 4.30% / AER** 4.30%

StayinAlive

chris_the_bee said:

Kent Reliance

Your account name: D79 EASY ACCESS ACCOUNT  Important: we're reducing the interest rate on your account from 24/07/2025 as shown in the table below.

Previous Rate:

New Rate:

GROSS* 4.64% / AER** 4.64%

GROSS* 4.30% / AER** 4.30%

Thier current D83 Easy Access A/c is 4.41% AER/4.32% Gross.

Does anyone know if it's relatively easy to swap or do you have to open a new D83 getting another account number and then transfer?

mon3ysav3r

I have several Kent Reliance issues D76 to D79 and they all had different rates, but they will all have 4.30% from the 24th. The D68 is going to 3.30%. I have now opened a new D83 to get a slightly better rate!

Edit - 2 things that might be of interest:

- The apply online button on the KR website doesn't actually log you in and you have to type all your details, instead login to your account and then top right click apply and it fills everything in for you.

- You need 1000 minimum deposit to open, but can take all put 1 pound out as can operate account with 1 pound, although your rate will only be 0.10% until it increases back to 1000 pounds.

Stargunner

mon3ysav3r said:

I have several Kent Reliance issues D76 to D79 and they all had different rates, but they will all have 4.30% from the 24th. The D68 is going to 3.30%. I have now opened a new D83 to get a slightly better rate!

Edit - 2 things that might be of interest:

- The apply online button on the KR website doesn't actually log you in and you have to type all your details, instead login to your account and then top right click apply and it fills everything in for you.

- You need 1000 minimum deposit to open, but can take all put 1 pound out as can operate account with 1 pound, although your rate will only be 0.10% until it increases back to 1000 pounds.

The rate is too low, to be of any interest to me.

mon3ysav3r

Stargunner said:

The rate is too low, to be of any interest to me.

Yes at the moment it is, I will keep a pound in for now.

StayinAlive

Skipton Bonus Saver.

I note T&C's say that withdrawal requests up to 8 pm on business days should arrive within 2 hours (assuming you can accept Faster Payments), but has anyone had practical experience of this i.e. asking for an early evening withdrawal and arriving same evening?