Tandem and Zopa withdrawal times are very similar they’re using the same clearing bank’s services I think.
Ford Money have raised their Easy Access rates today, but still behind the crowd, at just 2.86% AER
Monzo has launched their own in-house instant access savings pot at 3%.
Yeah, on a very slow rollout
You can enable it in Labs and get it immediately.
Ooh, so you can.
Opened and funded
Rather feeble effort from Marcus: Now 2.55% + 0.25% 12m ‘bonus’.
Shame.
I no longer seem to have the option to renew my bonus.
My renewal vanished for a couple of weeks but was then reinstated after a mail to that effect…
Likewise
Except I’m not anymore - I’ve moved it to Chip at 3.05%.
I’ve done a lot of business with Cynergy - so frequently a rate leader, particularly in ISA country.
A pity their onboarding processes can be turgid, their personal CS approach though is excellent - really nice people. The tech currently lets them down.
Chip are now paying 3.15% on their Instant Access account.
I moved my savings from Zopa to Chip last week and can confirm that withdrawals do arrive in a few seconds.
Still getting 3.26% on my Zopa funds, but then the money in there is not required instantly. That’s what my credit card is for. Zopa funds are to pay off credit card if required
ZOPA Smart Saver rates have increased
EA: 3.07%
7 day: 3.12%
31 day: 3.27%
95 day: 3.47%
Showing in app from today
Latest Zopa update now prevents adding money to a notice pot where notice served.
RIP the ladder.
Yes, that’s an annoying development.
And a tad illogical?
Assuming you had 35 days remaining of 95 days on a pot and you added £XX to it at that point, you’d be earning 3.47%pa on that £XX for locking it away for only 35, rather than 95, days.
That could be why - but my eyebrows are both furrowed at this point, as I squint into the abyss of simple maths.