Emma Pockets/Pots 🇬🇧 - 4.97% AER

We are not changing bank, so no need to do anything. :slight_smile:

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Any chance of pushing close to Tandem’s new rate soon? (5%)

Now that would be amazing.
I think given the current rates out there (all well over 4%), Emma should up the pots game to be able to get even close.
Anything under 4% isn’t really enticing not competitive.
I know @edoardomoreni had mentioned 4% before… Maybe there’s an update on negotiations and where Emma pots are heading, especially after the recent BoE hike.

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We are waiting for GB Bank.

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Fingers all crossed for a speedy and positive conclusion :pray:t3:

Ok, I have news - give me 1 hr. :slight_smile:

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We are going up to 4.34% AER with the same account.

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Encouraging news…thanks :+1:t3::blush:

We have changed the interest this morning. :slight_smile:

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We are having some initial chats to bring a new product in next week as well as a 45-day notice account. I’ll post the rates here as soon as I have them.

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We have just released a new Easy Access Pot which pays up to 4.50% AER.

This one follows Bank of England’s rate, which means it goes up/down according to what decision they make.

Thats great, do you know if our existing easy access pots would be upgraded automatically to the new interest rate, or do we need to create a new pot and then transfer the funds to the new pot?

Unfortunately, you need to create the new pot and withdraw from the previous one.

This is normal in the savings accounts world - we can’t just shift deposits as we like since it doesn’t give the bank the “reliability” they need to lend the money. :slight_smile:

We are going to release a 45-day notice account with a rate at around 5% in the next few days too.

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We are internally testing the 45-day notice account, which will sit at 4.97% AER for premium members.

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Excellent!

This is now available in the app - if you update. :slight_smile:

Could you provide the interest % by plan…
It says up to 4.97% so will assume similar to the EA pots, different Emma plans generate different %.
Couldn’t find the different % in the help documentation, and when I tap the 45 notice pot in the app, it doesn’t immediately display my % (it does for the EA pots).
Thanks :heart_eyes:

It’s 4.97% for all the paid plans (Emma Free - 3.82% AER).

We don’t display it for the paid plans since you have the highest.

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Faster than lightning speed :crazy_face:
Was about to edit my post as I saw an email with the % had come through…
Thanks so much @edoardomoreni :blush:

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