Emma Pockets/Pots 🇬🇧 - 4.97% AER

Love to hear it :raised_hands:t3::crossed_fingers:t3:

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Thank you ahah

Breakin news: the rate is going up to 3%. :slight_smile:

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.

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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? :joy::sweat_smile:

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.

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There is some progress made by Open Banking - it will allow us to make variable recurring payments, but it’s still early days.

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exciting news!! :tada:

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.

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Sounds great…the more % the better :grin:
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 :sunglasses:

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Love to hear that! :purple_heart:

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

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Great news, thanks @edoardomoreni :ok_hand:t3:

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 :+1:t2:

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.

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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 :+1:t2:

Yes, this makes sense.

It makes me think we could have some nice call to actions to create category like Pots in Analytics. :stuck_out_tongue:

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