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The New Top Easy Access Savings Discussion Area
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I couldn't see a way to transfer internally. Had to withdraw to nominated account and then fund new account. This time I had the sense to just change the reference number in my nominated account, rather than adding new Charter account. Just did a clear out in the new tax year and trying to keep things tidy.
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When I was with Charter 5 years ago there definitely was a transfer option when I opened a new issue. It was essential due to the sheer number of issues. It would have been an obvious option so maybe they have removed it.
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It's still there in Charter, under make a transaction. Plus making full transfer from an old issue (£1.05 for me), closes that older issue.
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It can just take some minutes for the new account with zero balance to appear on the online account for it to appear as a transfer option. It's also worth remembering that withdrawals are next working day but transfers are same day if done on a working day. The closed account is still shown for downloading statements and interest statements.
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Anybody have a view on/experience with the LemFi instant access tracker savings account, paying 5% (incl bonus) for 6 months? I know that there are issues with FSCS compensation limits as the money is held across different financial institutions, but other than that, any thoughts?
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I haven't investigated them further after reading they are a money transfer company, and I wouldn't touch them for savings, especially as we have other 5% and higher paying alternatives. How much money do you have to save?
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It has been announced at midday that Bank Base Rate will be maintained at 3.75%
At its meeting ending on 29 April 2026, the Monetary Policy Committee (MPC) voted by a majority of 8–1 to maintain Bank Rate at 3.75%. One member voted to increase Bank Rate by 0.25 percentage points, to 4%
Next decision: Thursday 18th June 2026
I came, I saw, I melted4 -
This morning when I tried to close, only option I had was to linked account. Very strange.0 -
Savings appear to be held with Clear bank like a number of other electronic money institutions.
https://lemfi.com/en-gb/savings
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@soulsaver - Lemfi Instant Access 5.00% boosted rate for 6 months (£1 min) now top of Moneyfacts table - as with Chip previosly, might be worth mentioning a DYOR.
"You can move money between a wallet and savings account - funds must be transferred through your wallet (not directly to or from an external bank account)".
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