Best savings account?

DJMK4 · 9 Feb 2025 at 16:14

tom_e said:
The only reason they'd stay up after a rate drop is to try and hoover up as many people as possible using it as a loss leader. T212 did that last time, they may stretch it for 2 drops if they're feeling really fruity

Trading212 have dropped the rate to 5.03%

Mekrel · 10 Feb 2025 at 18:50

So Chase emailed this afternoon. Not only is the rate dropping on the 13th Feb as per the BOE base rate dropping, they're also increasing how far off the base rate they're tracking from the 19th Feb. It was 1.25%pts below, as of the 19th it'll be 1.5% below.

So the non-boosted rate will be 3% as of 19th Feb.

Raymond Lin · 10 Feb 2025 at 19:00

Mekrel said:
So Chase emailed this afternoon. Not only is the rate dropping on the 13th Feb as per the BOE base rate dropping, they're also increasing how far off the base rate they're tracking from the 19th Feb. It was 1.25%pts below, as of the 19th it'll be 1.5% below.

So the non-boosted rate will be 3% as of 19th Feb.

I think most of us have moved our money into T212 now if your Boosted has finished.

topgun06 · 10 Feb 2025 at 19:11

Yup, my remaining money in Chip has now gone to T212.

The_Arbiter · 10 Feb 2025 at 19:27

Was looking to withdraw mine soon to go towards a car, but might be swayed to do it earlier now. People seem to be content with T212, but there were a few horror stories about previously.

Maccy · 10 Feb 2025 at 19:49

Yup, totally binned off Chase now. I'll use the Starling space for immediate access and look at opening the T212 cash isa.

Zatoichi.uK · 10 Feb 2025 at 19:51

I left Chase a little while back and was informed I can never come back lol.

I did like the app though.

tom_e · 10 Feb 2025 at 19:53

I still use chase for the cash back. This popped up on my feed earlier 4.3% currently so may open an easy access savings with them https://www.marcus.co.uk/uk/en/savi...JAN1&aud=wca&dclid=CPLr8dKc44oDFdJiQQIdLzceLg

Mekrel · 10 Feb 2025 at 20:10

Raymond Lin said:
I think most of us have moved our money into T212 now if your Boosted has finished.

I've maxed out my ISA with T212, the money in my Chase saver I want/need to be as easy access as possible as I want to use the funds in June to pay off my car balloon payment.

So I'm not sure where to move it to now. MSE has Coventry BS as a good place.

Raymond Lin · 10 Feb 2025 at 20:15

Monzo Savings is giving 3.6%.

mattyfez · 10 Feb 2025 at 21:03

Mekrel said:
I've maxed out my ISA with T212, the money in my Chase saver I want/need to be as easy access as possible as I want to use the funds in June to pay off my car balloon payment.

So I'm not sure where to move it to now. MSE has Coventry BS as a good place.

Should only take a few days to take cash out of an isa in into your current account or Whatever... So you could just initiate it say ten working days before you want it for the car payment to be safe?

Mekrel · 10 Feb 2025 at 21:18

mattyfez said:
Should only take a few days to take cash out of an isa in into your current account or Whatever... So you could just initiate it say ten working days before you want it for the car payment to be safe?

Yeah that's what I'm going to do, I can't remember if it was Zopa that I was with or T212 - but one of them state three days/three working days.

I'm trying to not touch the ISA though and should be able to get the balloon payment saved between now and June when it's due.

beachBOYken · 11 Feb 2025 at 08:44

Maccy said:
Yup, totally binned off Chase now. I'll use the Starling space for immediate access and look at opening the T212 cash isa.

I need to get round to doing this. Might try Starling or Marcus for the easy access, I often base my choice on ease of use and customer service rather than the interest rate if it’s marginal.

Maccy · 11 Feb 2025 at 08:51

beachBOYken said:
I need to get round to doing this. Might try Starling or Marcus for the easy access, I often base my choice on ease of use and customer service rather than the interest rate if it’s marginal.

4% with Starling easy access seemed the best option for me, for some reason they aren't offering it to everyone though - not sure if that's changed though, I know a few on here got rejected for no reason at all!

200sols · 11 Feb 2025 at 08:54

4% is pretty low.

beachBOYken · 11 Feb 2025 at 08:58

200sols said:
4% is pretty low.

It’s not the best, where is it higher though?
Certainly better than Chase what I just closed @3.5%

Maccy · 11 Feb 2025 at 09:02

Agreed it's not the best, there's better ones available - Leeds Building Society offer 4.6%, few others around that rate. T212 ISA is worth considering if you're not near your limit too.

200sols · 11 Feb 2025 at 09:03

beachBOYken said:
It’s not the best, where is it higher though?
Certainly better than Chase what I just closed @3.5%

Top savings accounts

Find the top interest rate savings accounts & maximise your returns with Martin Lewis' guide. Includes the top easy-access and fixed-rate accounts to help you find the most profitable home for your cash – and keep it safe.

www.moneysavingexpert.com

Freakbro · 11 Feb 2025 at 09:03

Top rates on normal savings. Charter Savings Bank pays the top rate for unlimited withdrawals at 4.57%. Or, if you won't need regular access to your savings, Coventry BS pays 4.85% but limits you to just four penalty-free withdrawals a year, while Chetwood Bank pays 4.66% but limits you to one withdrawal a day.

Top rates if you prefer a well-known name. Leeds Building Society pays the top rate at 4.4% and allows unlimited withdrawals.

beachBOYken · 11 Feb 2025 at 09:04

Maccy said:
Agreed it's not the best, there's better ones available - Leeds Building Society offer 4.6%, few others around that rate. T212 ISA is worth considering if you're not near your limit too.

Hit my allowance, might just try starling and put a small lump sum in it see how it is, providing they offer me the account.