Savings interest rate thread

[Dav72D]

Just signed up too... Thanks!

[a311]

p_k_n said:

Got this account set up and went to transfer my savings from Chase - the withdrawal was blocked and I received a text message asking me to call them urgently due to suspicious activity. Been on hold for over 1.5 hours so far

That's an arse. I also transferred in from Chase, they have a 35k limit but no issue. Not a high roller but will take a few days to empty Chase, savings are mostly for a house extension. Santander did it to me the other way, don't know of its random or some sort of algorithm that picks up a transaction that sticks out compared to the usual account activity.

[22]

Business accounts with Santander but all set-up and opened in a few minutes. Good shout OP.

[V1nce Fox]

Signed up here too, many thanks.

Had been getting 31 quid a month interest at Chase, this should take it up to 57 pcm.

That interest rate is significantly higher than my mortgage with no exposure to risk. I’ve never been in this situation before.

[757]

Same, thanks for heads-up, Chase user here also, so will move some over when it's all been finalised.

[Evolved]

Signed up. Will be transferring the max into it next month. Cheers for the heads up.

[jules_s]

Evolved said:

Signed up. Will be transferring the max into it next month. Cheers for the heads up.

Same here - Chase are missing the boat here.

Amazing how easy it is to move funds these days

[Mikebentley]

I took a £10k Santander car loan out for numerous reasons a few months ago fixed at 2.7%. I figured that I would also keep my own cash at hand maybe £120 k in case everything imploded financially. I’m going to open one up as if I move £20k. across I’ve effectively borrowed their money for free.

[V1nce Fox]

Mikebentley said:

I took a £10k Santander car loan out for numerous reasons a few months ago fixed at 2.7%. I figured that I would also keep my own cash at hand maybe £120 k in case everything imploded financially. I’m going to open one up as if I move £20k. across I’ve effectively borrowed their money for free.

Strange times.

[anonymous-user]

I’ve just opened one too, thanks for the tip. Also I’ve just noticed my Barclays banking are offering 5.12% on balances up to 5k on their rainy day saver. So I’ve just maxed that out. Big improvement on the 0.15% I was getting.

[Evolved]

wormus said:

I’ve just opened one too, thanks for the tip. Also I’ve just noticed my Barclays banking are offering 5.12% on balances up to 5k on their rainy day saver. So I’ve just maxed that out. Big improvement on the 0.15% I was getting.

Ohh. Business account is with Barclays. What’s the deal on their offering?

Edit: had a look: £5k limit on interest payment and only available to Barclays blue account holders, which I’m not. I’ll make do with the Santander offering.

Edited by Evolved on Tuesday 11th October 22:30

[darreni]

Me too. Thanks for posting. Another that will transfer from chase.

[Terzo123]

a311 said:

fat80b said:

opened a similar product with first direct the other day - 3.5% and £300 pm max

They are offering a regular e-saver with the same 2.75% too (not to be confused with this one) which is 2.75% from £1 to 250k.

First direct?

Do you have a link?

[vulture1]

p_k_n said:

Got this account set up and went to transfer my savings from Chase - the withdrawal was blocked and I received a text message asking me to call them urgently due to suspicious activity. Been on hold for over 1.5 hours so far

likely because the money is going to a new account and maybe they can't verify or find the account.

[journeymanpro]

p_k_n said:

Got this account set up and went to transfer my savings from Chase - the withdrawal was blocked and I received a text message asking me to call them urgently due to suspicious activity. Been on hold for over 1.5 hours so far

Same, waited over 2 hrs for the call back.

[FriedMarsBar]

a311 said:

Santander have launched an instant access E-Saver with 2.75% interest, paid monthly or annually if anyone is interested.

I had some savings in Chase and was going to move to Charter bank who were offering 2.38% but ID had to be copied and counter signed and sent in the mail which is too much like hard work these days.

Already a customer so took <1 min to apply and have the account ready to pay in.

Thanks a311, that's a really good find. I was looking yesterday for somewhere to put some money and I didn't spot this. My wife and I have accounts at Santander so was really painless to apply/setup for us.

Thx

[GT4P]

Just saw this this morning so opened up straight away before it runs out with too many subscribers! Have a Santander ac so took 2 minutes.
Thank you for the heads up

[hyperblue]

Thanks for heads up, PH delivering info quicker than Santander to their own customers

[MrsMiggins]

GT4P said:

Just saw this this morning so opened up straight away before it runs out with too many subscribers! Have a Santander ac so took 2 minutes.
Thank you for the heads up

Ditto. Thanks OP!

[PositronicRay]

Is the FSCS still £85k?