Savings interest rate thread
Discussion
Stig said:
I have a Santander account at 2.72%. Whilst interest on the balance has been increasing month on month (as I would expect it to as it's cumulative), for some reason it dropped back (by some margin) for March?
Is the interest rate therefore variable? Still shows as 2.72% in the app?
Cynergy paying 3.25% wouldn't that be better?Is the interest rate therefore variable? Still shows as 2.72% in the app?
Or 3.00% odd at Shawbrook/Chase if you want monthly interest.
MajorMantra said:
SmoothCriminal said:
Is chip legit?
Seems a bit too easy to set up
I asked this a few posts back. Set mine up two weeks ago but have somehow hesitated about chucking all my savings in. Probably just being paranoid...Seems a bit too easy to set up
SmoothCriminal said:
MajorMantra said:
SmoothCriminal said:
Is chip legit?
Seems a bit too easy to set up
I asked this a few posts back. Set mine up two weeks ago but have somehow hesitated about chucking all my savings in. Probably just being paranoid...Seems a bit too easy to set up
SmoothCriminal said:
Don't know why but I'm the same seems a bit too good to be true although is promoted on money-saving expert so must be some substance to it.
As you say promoted on MSE and also FSCS scheme protected. I've put some short term money in that will be used for a car purchase and some home improvements, so no point locking it away. Moved it from a Coventry savings account (3.2% but limited number of withdrawals per year), so I hope I'm not being a mug. V1nce Fox said:
SmoothCriminal said:
MajorMantra said:
SmoothCriminal said:
Is chip legit?
Seems a bit too easy to set up
I asked this a few posts back. Set mine up two weeks ago but have somehow hesitated about chucking all my savings in. Probably just being paranoid...Seems a bit too easy to set up
People see an FSCS logo next to something and assume there is no way they can come unstuck, I suspect there are ways they still can.
As an ex Icesave saver I am probably more cautious/paranoid than some.
OldSkoolRS said:
As you say promoted on MSE and also FSCS scheme protected. I've put some short term money in that will be used for a car purchase and some home improvements, so no point locking it away. Moved it from a Coventry savings account (3.2% but limited number of withdrawals per year), so I hope I'm not being a mug.
Pretty sure Martin Lewis would say MSE doesn't "promote" things as such, merely draw attention to the options. The account on Chip is actually with Clearbank btw. The reviews online make for interesting reading although it's always hard to know what to make of these things (particularly as the vast majority are not from actual customers of the bank).
Yes I’m aware that it’s actually Clearbank where the money is held and FSCS license is with. Quite a few threads in MSE about whether it is legit or not, most seem to think not. We’ll see if I am a mug I guess, so I’ll practice my compo face for the DM blaming Martin Lewis.
I’m sure he would distance himself from it should any thing bad happen. Can’t say I’m that keen on the guy to be honest, I tend to use other sites for rates info and such.
I’m sure he would distance himself from it should any thing bad happen. Can’t say I’m that keen on the guy to be honest, I tend to use other sites for rates info and such.
dont be too trusting of martin lewis
years back he recommended some scam money exchange where your ordered currency through the post , id used it before all good , ordered a grands worth for a holiday and it went bad , lost it all as did many others
edit crown currency went pop 2010, endorsed by him and the website
years back he recommended some scam money exchange where your ordered currency through the post , id used it before all good , ordered a grands worth for a holiday and it went bad , lost it all as did many others
edit crown currency went pop 2010, endorsed by him and the website
Edited by steveo3002 on Friday 24th March 13:17
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