The New Top Easy Access Savings Discussion Area

cloud_dog

Hoping people on this thread might be able to offer their thoughts / inputs regarding Family BS.

We have Issue 11 and Issue 9 accounts still paying 4.6% and 4.5% respectively, and they have implemented the rate reduction on their other EA accounts (possibly trackers) as of 1 September, but I was wondering what might be the timeline for them to apply to NLA accounts? 

janusd

cloud_dog said:

Hoping people on this thread might be able to offer their thoughts / inputs regarding Family BS.

We have Issue 11 and Issue 9 accounts still paying 4.6% and 4.5% respectively, and they have implemented the rate reduction on their other EA accounts (possibly trackers) as of 1 September, but I was wondering what might be the timeline for them to apply to NLA accounts? 

I had a similar thought (have Issues 10 & 9) and sent them a secure message towards the end of August about this, prior to making some large deposits...

Thank you for your secure message.

The Online Saver rates are not linked directly to the Bank of England base rate; the rates on these accounts are reviewed by our Board regularly, we have not been advised of any changes but you would be notified prior to any rate change.

as they have to give 14 days notice, there won't be a rate change now before the next BoE meeting on the 18th September (unless one comes in the next few hours lol). I would suspect there might be a reduction after that regardless of whether the base rate drops again, but who knows.

to be fair, they are good at sending email notifications on future rate changes.

cloud_dog

janusd said:

cloud_dog said:

Hoping people on this thread might be able to offer their thoughts / inputs regarding Family BS.

We have Issue 11 and Issue 9 accounts still paying 4.6% and 4.5% respectively, and they have implemented the rate reduction on their other EA accounts (possibly trackers) as of 1 September, but I was wondering what might be the timeline for them to apply to NLA accounts? 

I had a similar thought (have Issues 10 & 9) and sent them a secure message towards the end of August about this, prior to making some large deposits...

Thank you for your secure message.

The Online Saver rates are not linked directly to the Bank of England base rate; the rates on these accounts are reviewed by our Board regularly, we have not been advised of any changes but you would be notified prior to any rate change.

as they have to give 14 days notice, there won't be a rate change now before the next BoE meeting on the 18th September (unless one comes in the next few hours lol). I would suspect there might be a reduction after that regardless of whether the base rate drops again, but who knows.

to be fair, they are good at sending email notifications on future rate changes.

Thanks.  I'll wait with baited breath then 

soulsaver

Secure Trust Bank Access Account Iss 22 went NLA at 28/07 when at 4.45%. There is a rate reduction to 4.20% wef 18/09.

Iss 23 is available (04/09) at 4.20% - doesn't quite qualify for ToTP listing....... yet  

janusd

Cahoot Simple Saver (Issue 10) @ 4.55% (NLA) dropping to 4.40% on 2nd December.

Speculator

Interest rate on my Cahoot is going down apparently. Just received email to check my e documents. 

happybagger

Fair play for giving 3 months notice, well in excess of their stated terms of 60 days.

Hattie627

Speculator said:

Interest rate on my Cahoot is going down apparently. Just received email to check my e documents. 

Going down to 4.40% (from 4.55%) but not until 2 December. Cahoot Simple Saver Issue 10

mon3ysav3r

janusd said:

Cahoot Simple Saver (Issue 10) @ 4.55% (NLA) dropping to 4.40% on 2nd December.

Yes just had the same message, real shame but suppose it is could be worse (and probably will be in months to come). This makes the Issue 10 AER the same as the Issue 11.

The Issue 9 is dropping from 4.41% to 4.26% on the same day.

Bridlington1

@soulsaver

Charter Savings Bank Iss 63 4.31% NLA, replaced by Issue 64 at 4.26%

United Trust Bank UTB Easy Access Account 4.3% (£5k min)