The New Top Easy Access Savings Discussion Area

pecunianonolet

Plum rate changes

Mrs_Trellis_of_North_Wales

Snoop Easy Access Savings Account (Issue 1) 

Current rate: 4.25% AER / 4.16% gross (variable)
New rate: 4.00% AER / 3.92% gross (variable)

New rate will apply from 3 February 2026.

MichaelAP

Mrs_Trellis_of_North_Wales said:

Snoop Easy Access Savings Account (Issue 1) 

Current rate: 4.25% AER / 4.16% gross (variable)
New rate: 4.00% AER / 3.92% gross (variable)

New rate will apply from 3 February 2026.

What gets me is they say “We’re making this change following the Bank of England’s 0.25% base rate cut in December”.
That change happened on the 18 Dec 2025 and the following day the 19 Dec 2025 Snoop cut the rate from 4.35% AER / 4.26% Gross to 4.25% AER / 4.16% Gross.
With this new rate cute that means since 18 Dec 2025 it has fallen 0.35% AER / 0.34% Gross.

friolento

If you are willing to do online ISAs, there are some good rates about for new savers. 

https://moneyfactscompare.co.uk/isa/

MichaelAP

Anyone having issues with OakNorth App?
The App refuses to connect this morning.

Edited: Ignore, it’s now operating, two hours after I first noticed it early this morning.

Bridlington1

Just a reminder the Manchester BS Rainy Day Saver interest rate reduces from 4.25% to 4.15% today

SnowMan

Even less likely we will see a base rate decrease on 5th February after December's inflation figures out this morning!

wiseonesomeofthetime

SnowMan said:

Even less likely we will see a base rate decrease on 5th February after December's inflation figures out this morning!

Speculation on BBC News this morning by an "expert" was that he predicts three rate reductions in 2026, to 3%, with the first likely to be in March.

janusd

Bridlington1 said:

Just a reminder the Manchester BS Rainy Day Saver interest rate reduces from 4.25% to 4.15% today

Chetwood drops today too from 4.04% to 3.78%.

CuparLad

SnowMan said:

Even less likely we will see a base rate decrease on 5th February after December's inflation figures out this morning!

There are a lot of one-off factors and timing differences in the inflation data for Dec 2025 compared to Dec 2024, so there's not much to see in one month's figures. Rising pay is one of the factors that will influence the next few rate decisions. Reductions will happen, but slowly and only when the picture is a lot clearer.

What social media posts the US President puts out are more likely to affect decision making in this chaotic and unpredictable world that we now find ourselves in.