The New Top Easy Access Savings Discussion Area

CuparLad

DF Capital Easy Access Issue 2 account (NLA) reducing from 5.1% to 4.85% from 1st Oct 2024 

(reduced 5.2% -> 5.1% on 1st Aug 2024).

Source: eMail

Bridlington1

@soulsaver
Oxbury Bank Easy Access Account Special Edition 1 4.79% £25k min

Bridlington1

Monmouthshire BS are reducing the rate on their NLA Limited Access Saver from 4.8% to 4.45% from 30/9/24.

pokemaster

MonBS..... 

Strange how its 0.35% reduction which is more than the 0.25% reduction that happened to the base rate?

Also they have a change to the T&Cs from 1st Oct: "We will be changing the notice period from 30 days to 14 days" 

(Notice period they will give for reduction in interest rate)

snowqueen555

allegro120 said:

wiseonesomeofthetime said:

snowqueen555 said:

fletcher1985 said:

chip lowering rate on easy access to 4.01 on 12th september and new easy access account with 3 withdrawls at 4.84%

Pain in the !!!!!! all this, I wil have to move my money into that one I think.

Chip

Mine has been empty for months, as better rates held elsewhere.

Debating whether to still keep it or ditch it. It is serving no purpose for me atm, but then I have double figure of accounts elsewhere in same position, for ease of opening any new favourable accounts, so  🤔

Mine has been empty for a year for the same reason.  Also have a double figure of dormant accounts in same position.  I don't see any point in closing them, they don't ask for anything and cause no harm.

I was the same, but something else reduced and chip wasn't the highest, by was up there. I think I'll keep the majority in the new one and keep a little bit in the side so I can withdraw it when I want. It's an absolute faff changing every couple of months.

Aidanmc

fletcher1985 said:

i have a trading 212 isa and withdrawls take up to 3 days so im after something like chip that i can get the money straight away if needed for the rest of my money.

I have made 3 withdrawals since i opened 212 account, all arrived in my bank account next working day,but yes they do say can take 3 days.

poppystar

Family Building Society online saver 7 NLA

@soulsaver

Bridlington1

pokemaster said:

MonBS..... 

Strange how its 0.35% reduction which is more than the 0.25% reduction that happened to the base rate?

Not necessarily strange. Issue 2 currently pays 4.45%, a 0.35% reduction will bring the rates of issues 1 and 2 both at the same rate of 4.45%, I'd imagine that's possibly one of the reasons why they've chosen to go with a 0.35% rather than a 0.25% reduction.

allegro120

pokemaster said:

MonBS..... 

Strange how its 0.35% reduction which is more than the 0.25% reduction that happened to the base rate?

Also they have a change to the T&Cs from 1st Oct: "We will be changing the notice period from 30 days to 14 days" 

(Notice period they will give for reduction in interest rate)

MonBS
I received letters about 0.25% reductions, not 0.35%.  Am I missing something?

Bridlington1

allegro120 said:

pokemaster said:

MonBS..... 

Strange how its 0.35% reduction which is more than the 0.25% reduction that happened to the base rate?

Also they have a change to the T&Cs from 1st Oct: "We will be changing the notice period from 30 days to 14 days" 

(Notice period they will give for reduction in interest rate)

MonBS
I received letters about 0.25% reductions, not 0.35%.  Am I missing something?

I received letters telling me their NLA regular savers (at least the versions I hold) will be reducing by 0.25%, alongside another letter saying the NLA Limited Access Saver will be reducing by 0.35%.