The New Top Easy Access Savings Discussion Area

Hammer_Time

auser99 said:

auser99 said:

SnowMan said:

Vanquis Bank easy access account (issue 3) is paying 4.85% AER

https://www.vanquissavings.co.uk/Easy-Access-Account/

Minimum balance £1,000

Hadn't seen this, looks decent.
Can't see any reason why it's not in the MSE top rates section (e.g. Not "true" easy access etc) as they always seem to have Vanquis in their tables. Just not this one oddly.

Was surprised, but shouldn't have been, that just hours later that 4.85% had become 4.75%!

I just looked and it’s showing 4.85% and 4.75% monthly interest. However my problem is that it states you have to wait till the next business day to get your money out, eg not instant access 1 business day notice. That may be the reason it’s not on Martins list.

auser99

Hammer_Time said:

auser99 said:

auser99 said:

SnowMan said:

Vanquis Bank easy access account (issue 3) is paying 4.85% AER

https://www.vanquissavings.co.uk/Easy-Access-Account/

Minimum balance £1,000

Hadn't seen this, looks decent.
Can't see any reason why it's not in the MSE top rates section (e.g. Not "true" easy access etc) as they always seem to have Vanquis in their tables. Just not this one oddly.

Was surprised, but shouldn't have been, that just hours later that 4.85% had become 4.75%!

I just looked and it’s showing 4.85% and 4.75% monthly interest. However my problem is that it states you have to wait till the next business day to get your money out, eg not instant access 1 business day notice. That may be the reason it’s not on Martins list.

Ah that's odd, I must be losing the plot as you're right!
I wonder If I dopily looked at the 1 year fixed instead, which would be 4.75% and 4.65%!

Bridlington1

@soulsaver
Moneybox Simple Saver 3.75% (£1 min), but you can get a 1% boost on top to bring the rate to 4.75%.

What’s the eligibility criteria for the Simple Saver reward rate?

You can earn a 4.75% AER (variable) reward rate on your Simple Saver if you have either:

• a balance above £0 in a qualifying Moneybox account (ISA, Lifetime ISA, Junior ISA, or Pension)
• a Reward Savings Account.

If your balance in your Lifetime ISA drops to £0 then you are eligible to keep the reward rate for 12 months or until 13/02/2025, whichever date is later.

You’ll need to make sure you’re on the latest app version to see your reward rate reflected in the app.

Patr100

wiseonesomeofthetime said:

This bodes well for savers......not!

https://www.bbc.co.uk/news/articles/cx2lp5l9dpro

And then the very next day elsewhere:

Bank of England chief economist urges caution over interest rate cuts
The Bank of England’s chief economist has warned against cutting interest rates “too far or too fast”, a day after the governor, Andrew Bailey, said the central bank could move “more aggressively” to lower borrowing costs.

https://www.theguardian.com/business/2024/oct/04/bank-of-england-chief-economist-urges-caution-over-interest-rate-cuts

Bailey especially should just stop giving quote fodder to the media, he just says nothing of any real  substance  which is
then contradicted by him or  someone else soon after. 

GalacticaActual

I've managed to locate the Nationwide Building Society PDF (4 pages), detailing changes to some of their savings rates from 1st November 2024. This expands on the newsroom/media centre link provided earlier in the week.

https://www.nationwide.co.uk/-/assets/nationwidecouk/documents/savings/smd1157-important-changes-to-some-of-our-savings-account-rates.pdf

subjecttocontract

GalacticaActual said:

I've managed to locate the Nationwide Building Society PDF (4 pages), detailing changes to some of their savings rates from 1st November 2024. This expands on the newsroom/media centre link provided earlier in the week.

https://www.nationwide.co.uk/-/assets/nationwidecouk/documents/savings/smd1157-important-changes-to-some-of-our-savings-account-rates.pdf

Thanks but I find that is far to complicated and time consuming to check. Presumably they'll contact me about rate changes to my actual account(s).

dcs34

Bridlington1 said:

@soulsaver
Moneybox Simple Saver 3.75% (£1 min), but you can get a 1% boost on top to bring the rate to 4.75%.

What’s the eligibility criteria for the Simple Saver reward rate?

You can earn a 4.75% AER (variable) reward rate on your Simple Saver if you have either:

• a balance above £0 in a qualifying Moneybox account (ISA, Lifetime ISA, Junior ISA, or Pension)
• a Reward Savings Account.

If your balance in your Lifetime ISA drops to £0 then you are eligible to keep the reward rate for 12 months or until 13/02/2025, whichever date is later.

You’ll need to make sure you’re on the latest app version to see your reward rate reflected in the app.

This account has been around a while, any reason its suddenly getting a posting? Made it nearer the top of the rate tables due to other accounts having their rates cut?

Catplan

subjecttocontract said:

GalacticaActual said:

I've managed to locate the Nationwide Building Society PDF (4 pages), detailing changes to some of their savings rates from 1st November 2024. This expands on the newsroom/media centre link provided earlier in the week.

https://www.nationwide.co.uk/-/assets/nationwidecouk/documents/savings/smd1157-important-changes-to-some-of-our-savings-account-rates.pdf

Thanks but I find that is far too complicated and time consuming to check. Presumably they'll contact me about rate changes to my actual account(s).

Email was sent on 2nd advising of rate reduction, would check spam folders etc.

slinger2

Catplan said:

subjecttocontract said:

GalacticaActual said:

I've managed to locate the Nationwide Building Society PDF (4 pages), detailing changes to some of their savings rates from 1st November 2024. This expands on the newsroom/media centre link provided earlier in the week.

https://www.nationwide.co.uk/-/assets/nationwidecouk/documents/savings/smd1157-important-changes-to-some-of-our-savings-account-rates.pdf

Thanks but I find that is far too complicated and time consuming to check. Presumably they'll contact me about rate changes to my actual account(s).

Email was sent on 2nd advising of rate reduction, would check spam folders etc.

or maybe none of their accounts had a rate reduction, in which case no email was sent.

sheslookinhot

dcs34 said:

Bridlington1 said:

@soulsaver
Moneybox Simple Saver 3.75% (£1 min), but you can get a 1% boost on top to bring the rate to 4.75%.

What’s the eligibility criteria for the Simple Saver reward rate?

You can earn a 4.75% AER (variable) reward rate on your Simple Saver if you have either:

• a balance above £0 in a qualifying Moneybox account (ISA, Lifetime ISA, Junior ISA, or Pension)
• a Reward Savings Account.

If your balance in your Lifetime ISA drops to £0 then you are eligible to keep the reward rate for 12 months or until 13/02/2025, whichever date is later.

You’ll need to make sure you’re on the latest app version to see your reward rate reflected in the app.

This account has been around a while, any reason it’s suddenly getting a posting? Made it nearer the top of the rate tables due to other accounts having their rates cut?

Letters received this morning with new interest rates.