Best savings account?

[Freakbro]

Chip just raised the rate to 4% from yesterday and that's not the only savings account increase notification I've had this week.

And that's before the BoE meeting tomorrow!

 

[LeeUK]

Chip just raised the rate to 4% from yesterday and that's not the only savings account increase notification I've had this week.

And that's before the BoE meeting tomorrow!

Tandem upped to 4.10% too.

 

[Dirk Diggler]

Shawbrook, too. Unfortunately, HSBC will be raising the mortgage rate as well.

 

[Disco_P]

Chip just raised the rate to 4% from yesterday and that's not the only savings account increase notification I've had this week.

And that's before the BoE meeting tomorrow!

Yeah I saw the email claiming it was the "market leading rate" according to MoneySavingExpert, but it was wrong within a couple hours.

 

[Zatoichi.uK]

Chase slacking as usual...

May have to move to something with 4%+.

 

[ci_newman]

Chase slacking as usual...

May have to move to something with 4%+.

Likewise, I'll jump after the next interest pay out on 1st July

 

[NotAGolf]

Premium bonds prize fund rate up to 3.7% in July.

 

[Mercenary Keyboard Warrior]

Premium bonds prize fund rate up to 3.7% in July.

Hopefully more winners in the PB thread then!

 

[Zatoichi.uK]

Sainsburys @ 4.01% with a 3 per year withdrawal limit.

 

[Eddie99]

1 year fixed is up to 5.7% now (Ahli United Bank via Raisin), I wonder if the interest rate rise tomorrow is already priced in or if it's likely to go up even more in the next couple of weeks.

 

[LeeUK]

Marcus only raised to 3.75% - way behind.

 

[ShivP]

Chase slacking as usual...

May have to move to something with 4%+.

Same, only thing stopping me is most of te 4%+ers I haven't heard of.. I am quite risk averse

 

[Freakbro]

Same, only thing stopping me is most of te 4%+ers I haven't heard of.. I am quite risk averse

As long as they are FSCS protected it doesn't bother me

 

[Zatoichi.uK]

Same, only thing stopping me is most of te 4%+ers I haven't heard of.. I am quite risk averse

Sainsbury could be good. Will look again early July.

 

[Dirk Diggler]

As long as they are FSCS protected it doesn't bother me

It sounds comforting initially, but I'd imagine the act of a bank going breasts up that you have significant money in would be quite stressful, and I can't see the incompetent & corrupt UK government sending cheques out the very next day by Royal Mail Special Delivery.

 

[ShivP]

It sounds comforting initially, but I'd imagine the act of a bank going breasts up that you have significant money in would be quite stressful, and I can't see the incompetent & corrupt UK government sending cheques out the very next day by Royal Mail Special Delivery.

Agreed

 

[200sols]

It sounds comforting initially, but I'd imagine the act of a bank going breasts up that you have significant money in would be quite stressful, and I can't see the incompetent & corrupt UK government sending cheques out the very next day by Royal Mail Special Delivery.

It is comforting, you don't even need to do anything it will be automatic within the stated timeframe. About 20 working days iirc. But if people are happy to be shafted by mainstream banks if it makes them feel better I guess they'll continue to lowball on rates. That said I reckon the government would step in before any bank failed anyway, but still it isn't something to worry about.

 

[LeeUK]

It sounds comforting initially, but I'd imagine the act of a bank going breasts up that you have significant money in would be quite stressful, and I can't see the incompetent & corrupt UK government sending cheques out the very next day by Royal Mail Special Delivery.

When Icesave went bust I got the money directly into my current account within a week if I remember correctly.

But then we did have a Labour Government back in 2008. Tories don't care about us plebs.

 

[200sols]

When Icesave went bust I got the money directly into my current account within a week if I remember correctly.

But then we did have a Labour Government back in 2008. Tories don't care about us plebs.

No worries because the FSCS is an independent body. Rishi isn't doing the bank transfers personally.

 

[Dirk Diggler]

When Icesave went bust I got the money directly into my current account within a week if I remember correctly.

But then we did have a Labour Government back in 2008. Tories don't care about us plebs.

This is the main point, IMO. The current parcel of rogues won't be falling over themselves to authorise a cheque when there's nothing in it for them.