The New Top Easy Access Savings Discussion Area

Bridlington1

mebu60 said:

Bridlington1 said:

@soulsaver

Easy Access Savings Account | Charter Savings Bank slips from 4.36% to 4.31%

4.31% is new issue 63. (Issue 62 is still 4.36% (currently)).

Monthly 4.23% (AER 4.31%).  

Apologies, I appreciate I should've been clearer. My post has now been amended.

EDIT: I appear to've missed a full stop whilst I was at it.

SnowMan

The no longer available West Brom 4 access saver (issue 1) and no longer available West Brom 4 access saver (issue 2) are reducing from 4.65% AER to 4.4% AER on 15th September 

https://www.westbrom.co.uk/savings/savings-interest-rates-at-a-glance

(click on 'Variable interest rates for accounts not available to open')

This aligns them from 15th September with the currently available West Brom 4 access saver (issue 3) which reduces to 4.4% AER from 4.55% AER also on 15th September. 

BACKTOBACK

So i just opened a west brom account and sent £50k from Chase. Transaction shows as completed on Chase. But Zero on West Brom.
Do West Brom not credit the money instantly?

flaneurs_lobster

BACKTOBACK said:

So i just opened a west brom account and sent £50k from Chase. Transaction shows as completed on Chase. But Zero on West Brom.
Do West Brom not credit the money instantly?

From memory, later the same day.

Ballsy move, £50k as a first transaction - not consider a cheeky quid first?

BACKTOBACK

flaneurs_lobster said:

BACKTOBACK said:

So i just opened a west brom account and sent £50k from Chase. Transaction shows as completed on Chase. But Zero on West Brom.
Do West Brom not credit the money instantly?

From memory, later the same day.

Ballsy move, £50k as a first transaction - not consider a cheeky quid first?

should of done really. But its already been 3 days of messing with emails, pins etc trying to get an account fully open

x44

Noticed on the Moneyfactscompare website the Spring Savings App: current 4.3% but that may change with the BofE rate drop.

Further checking shows that is owned by Paragon Bank who are going down the same path as others have gone by setting up an App only differently named savings portal quite seperate from their main online presence under their own name.

In this case offering better terms than their main site which only has a 1.5% easy access account and some limited access instant accounts also of lower rates than the Spring app.

janusd

Principality BS have announced a 0.20% reduction on their existing variable rate accounts from 18th September...

Our variable rate savings accounts will be decreasing by 0.20% on 18 September 2025. To view our new interest rates, visit the savings products pages.

for me, the only EA account I have with them is dropping from 2.65% to 2.45%.

for withdrawn products, they haven't updated their rates pdf yet, so you might have to wait for their emails to find out what's happening to those NLA accounts.

refluxer

x44 said:

Noticed on the Moneyfactscompare website the Spring Savings App: current 4.3% but that may change with the BofE rate drop.

Further checking shows that is owned by Paragon Bank who are going down the same path as others have gone by setting up an App only differently named savings portal quite seperate from their main online presence under their own name.

In this case offering better terms than their main site which only has a 1.5% easy access account and some limited access instant accounts also of lower rates than the Spring app.

That's a curious branding/business decision. A decent easy access account has been a major omission in their line-up of savings accounts for a long time so why not launch it under the Paragon name (which is fairly well-established and fairly well-respected) and release a Paragon banking app, instead of coming up with a brand new name and a logo/identity that looks better suited to toilet rolls rather than financial products ?!

Ch1ll1Phlakes

refluxer said:

x44 said:

Noticed on the Moneyfactscompare website the Spring Savings App: current 4.3% but that may change with the BofE rate drop.

Further checking shows that is owned by Paragon Bank who are going down the same path as others have gone by setting up an App only differently named savings portal quite seperate from their main online presence under their own name.

In this case offering better terms than their main site which only has a 1.5% easy access account and some limited access instant accounts also of lower rates than the Spring app.

That's a curious branding/business decision. A decent easy access account has been a major omission in their line-up of savings accounts for a long time so why not launch it under the Paragon name (which is fairly well-established and fairly well-respected) and release a Paragon banking app, instead of coming up with a brand new name and a logo/identity that looks better suited to toilet rolls rather than financial products ?!

I'm under the assumption they wanted to run the app through a separate team who understood how it worked so that any customer service enquiries would go to those knowledgeable about the system rather than have to retrain their current support staff on a new system. Also it may allow them to assess the app and it's performance gradually without loads of current customers wanting to use it and crashing the system or overwhelming their staff (think Monmouthshire Building Society's new app, their recent regular saver and the length of time people have waited to open an account).

EthicsGradient

Maybe the deal with Moneyhub was that it's a brand-new name, so that Moneyhub can more clearly get credit for it if it succeeds.
Paragon Bank Launches Spring: A Pioneering Savings App Powered by Moneyhub — Moneyhub