The New Top Easy Access Savings Discussion Area

friolento

Malchester said:

2Sheds said:

simoncorkswill1 said:

Unfortunately Ulster are dropping their rate from October as well 4.75

Just spotted the email, Bank rate drop 0.25% saving rate down 0.45%.

But it is still towards the top of the interest list even after this reduction. The instant deposits and withdrawals count a lot for me, unlike others which are much slower, even next day. But that's my preference and my view. Others will no doubt disagree.

Don't forget it's £5k minimum for that rate. On a lower balance, it is a paltry 2.25%, dropping to 2% in October

Bridlington1

@soulsaver
Kent Reliance EA Issue 71 4.85% £1k min (03/08) NLA

Replaced by issue 72 at 4.5%.

janusdesign

GalacticaActual said:

dc_scotland said:

Apologies if already mentioned, the Santander Easy Access Saver Limited Edition (Issue 3) drops to 4% from 1 October.

Thanks for the information. Also had notification in their app this morning. They’re also extending the terms for another 10 months:

nice reminder - that extra 10 months and 4% was announced in June (posted here & Santander sent a document) and for me starts on September 3rd - so basically extends it until July 2025.

GalacticaActual

janusdesign said:

GalacticaActual said:

dc_scotland said:

Apologies if already mentioned, the Santander Easy Access Saver Limited Edition (Issue 3) drops to 4% from 1 October.

Thanks for the information. Also had notification in their app this morning. They’re also extending the terms for another 10 months:

nice reminder - that extra 10 months and 4% was announced in June (posted here & Santander sent a document) and for me starts on September 3rd - so basically extends it until July 2025.

Thanks for that. Yes, I’ve just located the document Santander sent in June. I will be moving some of my savings around and also consolidating balances, once I know all the new rates from my other savings providers.

Mr._H_2

2Sheds said:

simoncorkswill1 said:

Unfortunately Ulster are dropping their rate from October as well 4.75

Just spotted the email, Bank rate drop 0.25% saving rate down 0.45%.

Under the T&Cs, they have to give savers 60 days notice of a rate reduction. It seems that they are anticipating another base-rate cut from the Bank of England before October. I fully expect this account to still be close to/at the top of the charts when their rate cut takes effect in October.

ikr2

With Chase dropping it's rate I have a choice of moving my savings to Cahoot (my account is 5.09%). Not sure if it worth doing this now or waiting a week two to see if Cahoot cut their rate too. 

RosieRooBear

@ikr2, I’ve already moved mine to Cahoot from Chase as Cahoot have to give 60 days notice on a rate reduction.

janusdesign

ikr2 said:

With Chase dropping it's rate I have a choice of moving my savings to Cahoot (my account is 5.09%). Not sure if it worth doing this now or waiting a week two to see if Cahoot cut their rate too. 

which Cahoot account? Simple Saver (Issue 2) that pays 5.12% AER?? Cahoot tends to give 2 months notice of rate drops on their EA savings accounts, so the current rate you're getting should remain until this time in October.

I have Issue 2 and the headline rate is only for 12 months, after which it matures to a low interest savings account - I had my maturity letter yesterday telling me of it's October expiry - so any Cahoot rate changes won't affect this account for me.

Cahoot do have an Issue 4 paying 4.85% variable for a year - so it might be an idea to open that so you have another option going forward.

FIREmenow

Apologies if already mentioned, search didn't pick it up.

Aldermore double access issue 1 (recently NLA) is reducing from 4.9% to 4.75% AER from 3rd Sept, making it the same rate as issue 2.

Change showing on their pdf of all current and previous rates (link downloads a pdf file): https://www.aldermore.co.uk/media/25ahbzw5/personal-savings-accounts-rates.pdf

Pdf states lots of their other accounts are dropping too.

soulsaver

FIREmenow said:

Apologies if already mentioned, search didn't pick it up.

Aldermore double access issue 1 (recently NLA) is reducing from 4.9% to 4.75% AER from 3rd Sept, making it the same rate as issue 2.

Change showing on their pdf of all current and previous rates (link downloads a pdf file): https://www.aldermore.co.uk/media/25ahbzw5/personal-savings-accounts-rates.pdf

Pdf states lots of their other accounts are dropping too.

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