The New Top Easy Access Savings Discussion Area

SnowMan

It has just been announced that Bank Base Rate has reduced from 4.25% to 4%
https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2025/august-2025

At its meeting ending on 6 August 2025, the MPC voted by a majority of 5–4 to reduce Bank Rate by 0.25 percentage points, to 4%, rather than maintaining it at 4.25% ...... Four of these five members preferred a 0.25 percentage point reduction in Bank Rate at this meeting ..... One of these five members preferred a 0.5 percentage point reduction in Bank Rate at this meeting ..... Four members preferred to hold Bank Rate at 4.25% at this meeting

Next decision Thursday 18th September 2025

Bridlington1

SnowMan said:

It has just been announced that Bank Base Rate has reduced from 4.25% to 4%
https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2025/august-2025
At its meeting ending on 6 August 2025, the MPC voted by a majority of 5–4 to reduce Bank Rate by 0.25 percentage points, to 4%, rather than maintaining it at 4.25%

Next decision Thursday 18th September 2025

@soulsaver

Due to the above:

Chip Instant Access Account to fall from 5.1% to 4.85%

Chase Boosted Rate Svr to fall from 5.00% to 4.75%

Oxbury EA Bonus Base Rate Trckr 1 to fall from 4.61% to 4.36%

exel1966

Bridlington1 said:

SnowMan said:

It has just been announced that Bank Base Rate has reduced from 4.25% to 4%
https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2025/august-2025
At its meeting ending on 6 August 2025, the MPC voted by a majority of 5–4 to reduce Bank Rate by 0.25 percentage points, to 4%, rather than maintaining it at 4.25%

Next decision Thursday 18th September 2025

@soulsaver

Due to the above:

Chase Boosted Rate Svr to fall from 5.00% to 4.75%

Or 4.30% depending which one you have. Both will reduce on 14/08.

chris_the_bee

Malchester said:

tg99 said:

I have various Kent savings accounts on the ‘old’ platform where I believe the cut off for withdrawals was 330pm and they generally took a few hours to arrive. Have just opened the 4.41% account on the ‘new’ platform - am I right in thinking on the new platform payments in and out are truly instant 24/7? And has the old platform changed to be the same or still operates with the cut off times and non instant arrival into destination account? Thks 

Yes, on the new platform deposits and withdrawals are truly instant. I am very impressed compared with the old platform.

Kent Reliance
The old platform has not changed. The new is excellent.

Bridlington1

Bridlington1 said:

SnowMan said:

It has just been announced that Bank Base Rate has reduced from 4.25% to 4%
https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2025/august-2025
At its meeting ending on 6 August 2025, the MPC voted by a majority of 5–4 to reduce Bank Rate by 0.25 percentage points, to 4%, rather than maintaining it at 4.25%

Next decision Thursday 18th September 2025

@soulsaver

Oxbury EA Bonus Base Rate Trckr 1 to fall from 4.61% to 4.36%

@soulsaver

The above account has now had a change of link to:
https://www.oxbury.com/savings-accounts/personal-savings/easy-access-bonus-base-rate-tracker-1-436-aer/

Still seems to be the same account though, new listing below (don't know if you wish to include it in case other rates fall):
Oxbury EA Bonus Base Rate Trckr 1 4.36%

wiseonesomeofthetime

exel1966 said:

Bridlington1 said:

SnowMan said:

It has just been announced that Bank Base Rate has reduced from 4.25% to 4%
https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2025/august-2025
At its meeting ending on 6 August 2025, the MPC voted by a majority of 5–4 to reduce Bank Rate by 0.25 percentage points, to 4%, rather than maintaining it at 4.25%

Next decision Thursday 18th September 2025

@soulsaver

Due to the above:

Chase Boosted Rate Svr to fall from 5.00% to 4.75%

Or 4.30% depending which one you have. Both will reduce on 12/08.

14th August, surely 🤔

janusd

OakNorth are dropping the rate on their Easy Access Limited Edition Account from 4.05% to 3.80% AER (£20k min) and Easy Access account from 2.00% to 1.75% AER (£1 min) on 21st August for existing accounts... looks like the rate has already changed for new accounts.

exel1966

wiseonesomeofthetime said:

exel1966 said:

Bridlington1 said:

SnowMan said:

It has just been announced that Bank Base Rate has reduced from 4.25% to 4%
https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2025/august-2025
At its meeting ending on 6 August 2025, the MPC voted by a majority of 5–4 to reduce Bank Rate by 0.25 percentage points, to 4%, rather than maintaining it at 4.25%

Next decision Thursday 18th September 2025

@soulsaver

Due to the above:

Chase Boosted Rate Svr to fall from 5.00% to 4.75%

Or 4.30% depending which one you have. Both will reduce on 12/08.

14th August, surely 🤔

Correct forgot the weekend.

flobbalobbalob

chris_the_bee said:

Malchester said:

tg99 said:

I have various Kent savings accounts on the ‘old’ platform where I believe the cut off for withdrawals was 330pm and they generally took a few hours to arrive. Have just opened the 4.41% account on the ‘new’ platform - am I right in thinking on the new platform payments in and out are truly instant 24/7? And has the old platform changed to be the same or still operates with the cut off times and non instant arrival into destination account? Thks 

Yes, on the new platform deposits and withdrawals are truly instant. I am very impressed compared with the old platform.

Kent Reliance
The old platform has not changed. The new is excellent.

Do new customers get the new platform please?

janusd

flobbalobbalob said:

chris_the_bee said:

Malchester said:

tg99 said:

I have various Kent savings accounts on the ‘old’ platform where I believe the cut off for withdrawals was 330pm and they generally took a few hours to arrive. Have just opened the 4.41% account on the ‘new’ platform - am I right in thinking on the new platform payments in and out are truly instant 24/7? And has the old platform changed to be the same or still operates with the cut off times and non instant arrival into destination account? Thks 

Yes, on the new platform deposits and withdrawals are truly instant. I am very impressed compared with the old platform.

Kent Reliance
The old platform has not changed. The new is excellent.

Do new customers get the new platform please?

if you open an Easy Access Issue 1, then that will be on the new system... it was based on account type rather than whether you are a new customer or not.