Best savings account?

I've just recently put a chunk in Investec 90 day notice saver for 5.2% - it is a variable rate but the t&c's state they gave you 104 days notice or something like that before they reduce the rate.
 
Yeah email came through

"Nicole here, VP of Product at Chip. My team and I look after the products we offer to Chip members, as well as shaping the direction and design of Chip.

We’ve lined up two product changes to help Chip members navigate rate reductions in the wider savings market.

We’re giving you 14 days’ notice about a change to the tracking rate on the Chip Instant Access Account. This will lower the underlying basic interest rate to 4.01% AER (variable tracker) and will come into effect on 12 September 2024.

To give you an alternative savings account, we are also raising the interest rate on the new Chip Easy Access Saver account to 4.84% AER (variable tracker) from 6 September.

We are not making any changes to the Chip Cash ISA underlying rate, which remains at 4.84% AER."

The easy access has a 3 withdrawal limit before reducing.
 
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Rolling on in to 3-6 month forward thinking . Are we going to see ISA savings interest rates dip to 3.0-3.5%? If things go that way? If so I need some time to see what I can lock in

Is there any more drops coming ?
 
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Bloody hate the gov and boe..

I'd still be paying extra on my mortgage anyway since they locked people in on higher rates and force them to do so for 5 years on a fix.

Why not keep the savings rates at a decent rate.

I would like to explore locking in to an ISA fix and locking away but I can't do it yet.

I am now maxed out for this year ( well I have about £400 left of the allowance and I have already started saving In to a normal savings account with zopa. At the 4.30 %rate (my zopa ISA being 4.80%.

However the normal savings account I don't want to go over £500 interest allowance. And the funds will have to come out of their when I find a car.

I don't think I'd want to lock my ISA in to a fix and lock away for a few months yet ..

Id hate to see another rate drop
 
DJMK4 said:
Bloody hate the gov and boe..

I'd still be paying extra on my mortgage anyway since they locked people in on higher rates and force them to do so for 5 years on a fix.

Why not keep the savings rates at a decent rate.

I would like to explore locking in to an ISA fix and locking away but I can't do it yet.

I am now maxed out for this year ( well I have about £400 left of the allowance and I have already started saving In to a normal savings account with zopa. At the 4.30 %rate (my zopa ISA being 4.80%.

However the normal savings account I don't want to go over £500 interest allowance. And the funds will have to come out of their when I find a car.

I don't think I'd want to lock my ISA in to a fix and lock away for a few months yet ..

Id hate to see another rate drop
Click to expand...

You are doing fine, MORE than fine. The fact that you are maxed out your ISA allowance in August....means you are doing better than 99.9% of people.

Relax, go have a glass of champagne.
 
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Goksly said:
So you mean you gambled on a fix and now cheesed it's not paid off? I'm sure a tracker was available for you...
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What's the mortgage rate at the moment ? I'm fixed at 3.95% and about 1.1 years in to a 5 year fix ( I think ? I can't remember when it star). So it's not at 5 or 6% mortgage.

I doubt the mortgage rates will go down to 2 or 2.5 % or even below 3.3- 3.5% will they ?

And yep I guess @ Raymond lin
 
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