Savings interest rate thread

[DT1975]

Yep same here..good news, although I've just lobbed a chunk in Vanguard before the tax year end.

[peter tdci]

johnnyBv8 said:

hyperblue said:

Yep thanks, wouldn’t have noticed this as don’t get the message on the app, only when logging in to the website which I never use.

I’ve just had an email confirming the same

Me too, though I'd spotted it when I logged into my account through the website in the afternoon.

[Locoduck]

Had an email this morning that the Coventry limited access saver is bumping up to 3.30% from 3.20%. Small increase but keeps up with others by the looks.

[GT4P]

Locoduck said:

Had an email this morning that the Coventry limited access saver is bumping up to 3.30% from 3.20%. Small increase but keeps up with others by the looks.

Same, previously mentioned that the Coventry is one of the best instant access accounts

[OldSkoolRS]

GT4P said:

Same, previously mentioned that the Coventry is one of the best instant access accounts

I just took the bulk of my Coventry savings out into Chip, partly due to the unlimited withdrawals compared to Coventry's 6 a year limit (at the risk of upsetting 981boxes again) which I treat as needing to plan my withdrawals once every two months. [Yes I know I could withdraw 6 times in one week if I really wanted to].

I have the Santander account from the OP of this thread too, though to be fair most of the money I'm talking about is for planned spending in the next month or two anyway, so I guess the fractions of a difference in rates is pretty insignificant.

I'm more interested in some of the longer term savings as I wonder if they have peaked and getting 4.5% on a 3-5 year bond is as good as it gets now? I don't want to risk S&S as I need to draw the interest on this capital to boost my monthly income. I know it's not keeping up with inflation, though perhaps it might during the 3-5 years once locked in. Of course no one knows, but I'm big and ugly enough to accept my own decisions based on what's in front of me now (like going over to Chip).

Interested on what others might think regarding the longer term savings though.

[981Boxess]

OldSkoolRS said:

I'm more interested in some of the longer term savings as I wonder if they have peaked and getting 4.5% on a 3-5 year bond is as good as it gets now? I don't want to risk S&S as I need to draw the interest on this capital to boost my monthly income. I know it's not keeping up with inflation, though perhaps it might during the 3-5 years once locked in. Of course no one knows, but I'm big and ugly enough to accept my own decisions based on what's in front of me now (like going over to Chip).

Interested on what others might think regarding the longer term savings though.

I could have written your exact post myself, in a similar position - probably worth a thread of its own (?).

Based only on the story so far I suspect the rates for both 3/4/5 year bonds and accounts like this Santander one must be very close to peaking. I didn’t even think they would have reached where they are, so have been pleasantly surprised.

I am also surprised the BOE rate has not levelled off yet and there might even be one more increase next time. After that I think they will be keen to drop a notch just to try and fool the public into thinking this is all over.

I think anything much over 4.5% on 5 year FRB would be a result and we will hopefully in time stop going backwards, which with inflation as it is today is all we are really doing. Especially when you consider that real world inflation is much higher than the figures they quote from la la land.

[pb3000]

981Boxess said:

"We're increasing the interest rate on your eSaver Limited Edition (Issue 1) to 3.25% AER / 3.20% gross (variable)."

Does this good news only apply to the eSaver Limited Edition? I have a "standard" eSaver account and the interest rate is still 1.5%

Edited by pb3000 on Sunday 26th March 13:35

[200Plus Club]

4.2% on a yr fix on Atom, 3.75% on 6 months

[darreni]

I’d double check, the ltd esaver was previously paying 2.72%

[Mroad]

It only applies to the Esaver Limited Edition 1 (there is a Limited Edition 2 as well as standard Esaver).
The Limited Edition 1 was paying 2.75% AER (2.72% monthly). That is now 3.25% AER (3.20% monthly).

It's now compariable with a lot of easy access savings accounts, however if you don't mind app only accounts Chip is currently paying 3.4%.

https://www.moneysavingexpert.com/savings/savings-...

[981Boxess]

pb3000 said:

981Boxess said:

"We're increasing the interest rate on your eSaver Limited Edition (Issue 1) to 3.25% AER / 3.20% gross (variable)."

Does this good news only apply to the eSaver Limited Edition? I have a "standard" eSaver account and the interest rate is still 1.5%

It does, but Shawbrook currently offering virtually the same product at a marginally better rate.

[Lagom]

Tandem Instant Saver increased to 3.50% AER (with top-up bonus).

[brickwall]

Chase up to 3.1%

[Fonzey]

Chip up to 3.55

[Fusion777]

Fonzey said:

Chip up to 3.55

Still says 3.4% on their site.

[OldSkoolRS]

Fusion777 said:

Fonzey said:

Chip up to 3.55

Still says 3.4% on their site.

Tomorrow according to their email.

[Acorn1]

pb3000 said:

981Boxess said:

"We're increasing the interest rate on your eSaver Limited Edition (Issue 1) to 3.25% AER / 3.20% gross (variable)."

Does this good news only apply to the eSaver Limited Edition? I have a "standard" eSaver account and the interest rate is still 1.5%

Edited by pb3000 on Sunday 26th March 13:35

Is there a limited edition?

I signed up as per OP recommendation @2.72% and have since been informed its increasing to 3.2%

[7 5 7]

Moved from Santander to ZOPA for time being, 3.35% plus boost pots if you fancy a notice account.

[Lagom]

7 5 7 said:

Moved from Santander to ZOPA for time being, 3.35% plus boost pots if you fancy a notice account.

Zopa is one of my favourites. 3.45% on a rolling 31 days notice account, put money in and instantly give 31 days notice, you also get rate rises during the notice period.

[mark seeker]

200Plus Club said:

4.2% on a yr fix on Atom, 3.75% on 6 months

1 year fix now at 4.5% and 6 months now upto 3.85%