The New Top Easy Access Savings Discussion Area

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.

hoppy2

my two sunny day savers ended mid Febuary 25 and one ended in May 25, another one was to end in September this year, all are down now as being opened 2nd April 25

tg99

Hi, I probably missed this amongst previous posts but can anyone clarify when the 5% 12 month term runs from re the upgraded cahoot sunny day accounts. I upgraded mine yesterday, they are all showing the correct sunny day rate and the account opening date shown is the original date the account was opened eg I upgraded the first cahoot savings account I opened in 2023 and it still shows this date as the opening date. I can’t see anywhere a reference to a 2 April opening date. Thanks.

Kim_13

Skipton Bonus Saver Iss 12 and Member Bonus Saver Iss 2 NLA

friolento

tg99 said:

Hi, I probably missed this amongst previous posts but can anyone clarify when the 5% 12 month term runs from re the upgraded cahoot sunny day accounts. I upgraded mine yesterday, they are all showing the correct sunny day rate and the account opening date shown is the original date the account was opened eg I upgraded the first cahoot savings account I opened in 2023 and it still shows this date as the opening date. I can’t see anywhere a reference to a 2 April opening date. Thanks.

Same for all of mine.

I also have one Sunny Day account showing with an interest rate of 0%. It was upgraded from a Simple Saver. All those which were previously Sunny Day savers show 5%.

tg99

friolento said:

tg99 said:

Hi, I probably missed this amongst previous posts but can anyone clarify when the 5% 12 month term runs from re the upgraded cahoot sunny day accounts. I upgraded mine yesterday, they are all showing the correct sunny day rate and the account opening date shown is the original date the account was opened eg I upgraded the first cahoot savings account I opened in 2023 and it still shows this date as the opening date. I can’t see anywhere a reference to a 2 April opening date. Thanks.

Same for all of mine.

I also have one Sunny Day account showing with an interest rate of 0%. It was upgraded from a Simple Saver. All those which were previously Sunny Day savers show 5%.

Of my four I think one or two used to be a sunny day and the others used to be simple savers - they all show the same rate correctly at 5.00% or 4.89% for one that is set for monthly interest.