Love to hear it
Thank you ahah
Breakin news: the rate is going up to 3%.
We just need to send a communication out.
We have just introduced a new Santander product that is able to offer up to 3.04% AER.
Existing customers will need to withdraw and deposit in the new product.
Anyone else can just open a new Easy Access Pot.
Would there be a way to produce a bills pot which takes recurring card payments? Even with the functionality to round up and move to the savings product?
Yes, this is not difficult to build.
We have put it on pause cause at the moment the “best” way to build this is by setting up a direct debit on your current account and take the money from there every week or so.
There is some progress made by Open Banking - it will allow us to make variable recurring payments, but it’s still early days.
exciting news!!
These are all our new rates:
Free - 1.51%
Plus - 1.91%
Pro - 2.78%
Ultimate - 3.04%
These are AER values.
On Tuesday, we should be announcing the interest going up to 3.15% AER.
We are working on a 4% account, but nothing is confirmed yet.
Sounds great…the more % the better
I’d love to have everything in Emma for convenience, even at the expense of a few 0.x% so am looking forward to hearing more about the 4% option
Love to hear that!
These are now in the app, official interest rates:
Emma Free - 1.66% AER
Emma Plus - 2.07% AER
Emma Pro - 2.94% AER
Emma Ultimate - 3.20% AER
Great news, thanks @edoardomoreni
You had mentioned the team is also working on another option, a 4% account. (no doubt the 4% being for Ultimate users, with lower % for the other subscriber options).
How is this coming along, got a rough time line yet?
And if one opens a pot with today’s annount %, would it be an automatic change to the higher % once you’ve opened the new account, or would one have to withdraw from the EA pot and then open a new one again to get the higher %? (the latter assuming it would be from a different financial institution).
Thanks
Would it be possible to have monthly goals as well as goals by date ie at the moment you can only have a goal of X amount by X date, it would good to be able to have X amount monthly (weekly/annually?).
This is with a new bank, but I don’t have any ETA to share today - I hope end of the month.
Do you mean like a budget?
As an example if I want to have a savings pot for “gifts” I’d be dipping into it throughout the year, so an overall goal doesn’t really work. But if I know I want to set aside X amount per month, I could see how on track I was with that.
It would be really neat though if you could directly link budget to savings goals / pots so elements of the budget that are I guess spent / saved over a longer period could be directly linked to savings pots. So I guess budgets that roll-over could be directly linked to savings pots.
Sorry, just thinking aloud. I’ve come from YNAB and really like their style of envelope budgeting.
Thanks @edoardomoreni
Yes, this makes sense.
It makes me think we could have some nice call to actions to create category like Pots in Analytics.