Savings interest rate thread

[smiles1]

981Boxess said:

Sainsburys Defined Access Saver - Issue 39 is 3.05%, if anyone has money sitting in an older issue.

Thanks, I've only recently opened an account with them (Issue 37) at a 2.92% rate, do you have to contact them to change it?

[Bowser87]

Desperation on funding hitting Sainsbury’s pretty hard. 4 new issues since 18th January..

[981Boxess]

smiles1 said:

981Boxess said:

Sainsburys Defined Access Saver - Issue 39 is 3.05%, if anyone has money sitting in an older issue.

Thanks, I've only recently opened an account with them (Issue 37) at a 2.92% rate, do you have to contact them to change it?

No, it can all be done online.

Login
Apply for issue 39 (instant)
Slide money across from 37 > 39 (instant) - if you want to end up with a round figure in 39 move a round figure across
Close 37, interest to nominated account.

10 minutes tops

[981Boxess]

Bowser87 said:

Desperation on funding hitting Sainsbury’s pretty hard. 4 new issues since 18th January..

Easily resolved, pay more interest than the rest, not match them.

[steveo3002]

981Boxess said:

o, it can all be done online.

Login
Apply for issue 39 (instant)
Slide money across from 37 > 39 (instant) - if you want to end up with a round figure in 39 move a round figure across
Close 37, interest to nominated account.

10 minutes tops

dunno why it cant have a "details same as before?" button rather than trudging through every last question , yes its the same as 5 days ago when i changed accounts last time

[981Boxess]

steveo3002 said:

dunno why it cant have a "details same as before?" button rather than trudging through every last question , yes its the same as 5 days ago when i changed accounts last time

Agreed - other banks do, but for the sake of 10 minutes work why not, let them generate a new account, post out letters etc, that is price you pay to try and catch out your loyal customers.

[Bowser87]

981Boxess said:

asily resolved, pay more interest than the rest, not match them.

Not sure at the moment, quite a few back book issues paying more; so quite possibly less new money available for the given market position compared to previous months

[981Boxess]

Bowser87 said:

981Boxess said:

Easily resolved, pay more interest than the rest, not match them.

Not sure at the moment, quite a few back book issues paying more; so quite possibly less new money available for the given market position compared to previous months

If they can pay a higher rate now, when they have to, they could have before - it is all about what you can get away with and making more profit - fair enough.

[steveo3002]

981Boxess said:

greed - other banks do, but for the sake of 10 minutes work why not, let them generate a new account, post out letters etc, that is price you pay to try and catch out your loyal customers.

notice the dirty dogs dont tell you theres a new /better account , if it wasnt for here i woudlnt know

[smiles1]

981Boxess said:

smiles1 said:

981Boxess said:

Sainsburys Defined Access Saver - Issue 39 is 3.05%, if anyone has money sitting in an older issue.

Thanks, I've only recently opened an account with them (Issue 37) at a 2.92% rate, do you have to contact them to change it?

No, it can all be done online.

Login
Apply for issue 39 (instant)
Slide money across from 37 > 39 (instant) - if you want to end up with a round figure in 39 move a round figure across
Close 37, interest to nominated account.

10 minutes tops

Brilliant, thanks

[bmwmike]

I've a partial house sale proceeds just "resting in my account" and it's the Santander 2.72%. Is it worth pushing it over to Sainsbury for the 3.05? Seems a hassle but then... 0.3% is better than I'm getting on my current account.

[skilly1]

bmwmike said:

I've a partial house sale proceeds just "resting in my account" and it's the Santander 2.72%. Is it worth pushing it over to Sainsbury for the 3.05? Seems a hassle but then... 0.3% is better than I'm getting on my current account.

Chase is paying 3%, you can sign up online using your phone and use the app. All very easy.

[981Boxess]

bmwmike said:

I've a partial house sale proceeds just "resting in my account" and it's the Santander 2.72%. Is it worth pushing it over to Sainsbury for the 3.05? Seems a hassle but then... 0.3% is better than I'm getting on my current account.

£300pa for each £100k, something for nothing if you ask me.

[Black AMG45s]

I was pleased that Chase went to 3% so fast because they were very slow to react to the Bank of England interest rate change last time

[skilly1]

981Boxess said:

bmwmike said:

I've a partial house sale proceeds just "resting in my account" and it's the Santander 2.72%. Is it worth pushing it over to Sainsbury for the 3.05? Seems a hassle but then... 0.3% is better than I'm getting on my current account.

£300pa for each £100k, something for nothing if you ask me.

More like £3000

[OldSkoolRS]

skilly1 said:

981Boxess said:

bmwmike said:

I've a partial house sale proceeds just "resting in my account" and it's the Santander 2.72%. Is it worth pushing it over to Sainsbury for the 3.05? Seems a hassle but then... 0.3% is better than I'm getting on my current account.

£300pa for each £100k, something for nothing if you ask me.

More like £3000

I'd imagine that 981 meant the difference between leaving the notitional £100k with Santander at 2.72% verses Sainsburys 3.05% being near enough 0.3% equals £300 more a year with Sainsburys.

A useful webpage to calculate interest monthly/annually and with/without tax:

https://www.landc.co.uk/calculators/interest-calcu...

0.3% on £100k works out at £300 PA before tax.

[skilly1]

Good point !

[981Boxess]

OldSkoolRS said:

I'd imagine that 981 meant the difference between leaving the notitional £100k with Santander at 2.72% verses Sainsburys 3.05% being near enough 0.3% equals £300 more a year with Sainsburys.

[the tribester]

skilly1 said:

Chase is paying 3%, you can sign up online using your phone and use the app. All very easy.

Will be paying 3% from the 13th. Currently paying 2.7%AER.

[981Boxess]

Paragon TRIPLE ACCESS ISSUE 11 - 3.10%