Hey, look at that. I stand corrected.
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Well not for Paragon savings pots it doesnât- the rates get adjusted down automatically but not up!
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Not for my Charter Easy Access pot either.
Isnât this all a bit meaningless when inflation is at 10%?
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Rates for new easy access savings pots has updated again today: a new option of 0.74% with Shawbrook, available in an easy access ISA too, and also new Charter pots are now 0.85%.
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Another update - the Shawbrook offering which was new just a few days ago has now been upped from 0.74% to 0.90% for new pots.
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Also applies to existing Shawbrook pots
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Thatâs cool that they did it immediately for existing pots too then.
I think thatâs how it should be for easy access. For this account type, having different rates/terms depending on when someone created their account just creates unnecessary confusion.
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Just a great pity Paragon wonât do likewise, leaving the hassle of having to manually withdraw and move. But itâs their lossâŚ.
just closed the paragon one and moved to that , thats where my round up and 1p challenege goes now
Charter has gone, and Paragon and Shawbrook have upped the interest again.
Iâve been closing and reopening most of my pots now to get better rates, but I kept 1 paragon pot open to see how it changes. When new Paragon pots went from 0.31% to 0.70%, my existing pot moved from 0.15% to 0.31%.
Since then however, new Paragon pots increased to 0.90%, and now 0.95%, but my existing pot is still at 0.31%. Iâd thought it would maybe just stay 1 step behind but that appears not to be the case. I kept it open just out of interest to see how much it may/may not lag behind the latest rates.
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My original Paragon pot still at 0.15% - they managed to automatically reduce its rate some time ago so now rates are increasing they should have been able to increase it. Most of its contents have already gone elsewhere, the rest will follow. It seems Paragon just want to punish customer inertia / loyalty which is irritatingâŚ.
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Paragon has no pots left at 0.15% they are all 0.31% (or more with the new rate being 0.95%) you might need to refresh your app (hard close and re-open it) if your app isnât keeping up to date with the latest changes on your account 
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Itâd be cool if there were notifications in the home feed when new rates/options become available, is this something Monzo might introduce in the future?
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Sorry my mistake, itâs an old Investec one that is still a measly 0.15% so I shall be moving it asap! Still a pain thoughâŚâŚ
And still a pity Paragon wonât update to the new rate or at least inform when better rates available as others have suggestedâŚ.
I have lost track of how many pots I have archived as the rates are changing so often. Itâs becoming a real hassle and you have to manually check for new rates. Yes, I know I can get higher rates elsewhere but I like these ones all in one place because they are savings for bills that occur during the year that arenât monthly.
The plus side is I donât need to fill in anthing to obtain a higher savings rate.
Donât all the transactions we are doing withdrawing and redepositing have a cost for the bank?
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Paragon and Shawbrook still competing with each other and Shawbrook is up to 1.02% now
Also, I had an existing Shawbrook pot at 0.97% and they upped that to 1.02% on the same day they did for new pots 
.
They seem better than Paragon in that respect as I still have a paragon pot at 0.31% whilst new pots are 1%.
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