Interest Rate Rises

[planteria]

7% is handy Sarah. i'll be interested to see whether the Premier rate gets lifted to match, which it has in the past.

[Sarah]

Chase UK catching up again, now 2.7%.

Good news – we're increasing the Chase saver account interest rate from 2.1% AER (2.08% gross) variable to 2.7% AER (2.67% gross) variable, effective from 4 January 2023.

[Sarah]

MSE Martin included this account with easy access in his e-mail today (increased rate applies from 01/02/23):

Kroo is an award-winning digital bank that has your back. Earn 3.03% AER* interest on your current account balance up to £85,000. The account is free to open, with zero fees when spending abroad and UK-based customer support.

https://www.kroo.com/

[Sarah]

Shawbrook

Easy Access Account Issue 32
2.92% AER Variable

https://www.shawbrook.co.uk/direct/savi ... sy-access/

[Sarah]

Shawbrook

Easy Access Account Issue 32
2.92% AER Variable

https://www.shawbrook.co.uk/direct/savi ... sy-access/

Shawbrook only allow members to have one easy access account. However, if you hold an earlier issue easy access account, it can be switched to 'Issue 32' simply by sending a message within their online banking. There's a subject selection "Change my Easy Access Issue" specifically for this purpose.

[Sarah]

Ford Money

In line with Our Best Rate Guarantee we’re increasing the interest rate on our Flexible Saver effective 27th January 2023 as follows:

Current rate New higher rate
2.62% Gross 2.76% Gross

https://www.fordmoney.co.uk/savings-pro ... ible-saver

[Sarah]

Club Lloyds and BoS Vantage updated tier rates from today:

below £4000 - 1.5%
£4000 to £5000 - 3.0%
above £5000 - nada

They're also increasing the amount that needs to paid into Club Lloyds accounts to waive the monthly fee. The new minimum will be £2000/month from April 2023.

[Sarah]

The Bank of England has raised interest rates for the 10th time in a row, but analysts predict it is nearing the peak.

The benchmark rate has gone up from 3.5% to 4% following the latest Monetary Policy Committee meeting.

The rate is at its highest level for 14 years.

https://www.bbc.co.uk/news/business-57764601

[Sarah]

Chase UK

Good news – we're increasing the Chase saver account interest rate from 2.7% AER (2.67% gross) variable to 3% AER (2.96% gross) variable, effective from 13 February 2023.

[Sarah]

Tandem

Our Instant Access Saver account allows you to add and dip into your savings as often as you like with no fees or charges.

3.05% AER (with Top Up rate)

https://www.tandem.co.uk/products/savings/iasa