simple best savings account

ValiantSon

mollycat wrote: »

If english is not your 1st language you are excused; but otherwise please, its would have, not would of!!

Who is teaching people this stuff?

ps. Nothing to add re the OP

Nobody is teaching people to write, "of " when they mean "have". It is due to people never actually learning the language properly in the first place. You see it amongst a lot of children who definitely have been taught the difference (repeatedly), but they don't make the effort to learn it. You can teach something, but if the person being taught doesn't choose to learn then they won't.

YorkshireBoy

mollycat wrote: »

If english is not your 1st language you are excused; but otherwise please, its would have, not would of!!

Who is teaching people this stuff?

ps. Nothing to add re the OP

Is it "its" or is it "it's"?

RG2015

mollycat wrote: »

If english is not your 1st language you are excused; but otherwise please, its would have, not would of!!

Who is teaching people this stuff?

ps. Nothing to add re the OP

Therefore your contribution is a gratuitous digression about the poor use of English on an internet forum.

ValiantSon

RG2015 wrote: »

I assumed that the OP wanted regular instant access so I excluded the Virgin double. I also dismissed the ICICI owing to the negative comments on the recent thread where this was discussed.

I also believe that neither satisfies the OP's criterion of being simple.

Opinion on whether there are difficulties with ICICI are divided and remain anecdotal. I have never used them so I cannot speak from experience, but the number of responses in that thread are so few that drawing conclusions is highly dubious. I'm not convinced it is complex either.

Why is the Virgin Money Double-Take account complex? It all looks pretty straightforward to me. I did point out that it did only allow two withdrawals a year, and the OP didn't specify that there could be no withdrawal limits, only that they didn't want the money locked away. There is a big distinction between limited withdrawals and no access for a given period.

RG2015

mollycat wrote: »

If english is not your 1st language you are excused; but otherwise please, its would have, not would of!!

Who is teaching people this stuff?

ps. Nothing to add re the OP

YorkshireBoy wrote: »

Is it "its" or is it "it's"?

Brilliant!

Dreadful omission of an apostrophe in a post complaining about the bad use of the English language.

Oh the irony! :rotfl:

ValiantSon

RG2015 wrote: »

Brilliant!

Dreadful omission of an apostrophe in a post complaining about the bad use of the English language.

Oh the irony! :rotfl:

English should have had a capital letter too.

RG2015

ValiantSon wrote: »

Opinion on whether there are difficulties with ICICI are divided and remain anecdotal. I have never used them so I cannot speak from experience, but the number of responses in that thread are so few that drawing conclusions is highly dubious. I'm not convinced it is complex either.

Why is the Virgin Money Double-Take account complex? It all looks pretty straightforward to me. I did point out that it did only allow two withdrawals a year, and the OP didn't specify that there could be no withdrawal limits, only that they didn't want the money locked away. There is a big distinction between limited withdrawals and no access for a given period.

It is a matter of opinion. Thanks to all of our varied contributions here the OP should have enough information to make an informed decision.

AirlieBird

ValiantSon wrote: »

Not the only account with out of date rates. ICICI Bank's rate is showing incorrectly too. I didn't bother checking any more.

I don't know why you think ICICI's rate is out of date. The rate is 1.34% gross/1.35%AER, which is what the table shows.

ValiantSon

AirlieBird wrote: »

I don't know why you think ICICI's rate is out of date. The rate is 1.34% gross/1.35%AER, which is what the table shows.

Because the rate includes a bonus of 0.7% until 31st January 2019. With less than 12 months until that date the effective rate is now 1.28%.

RG2015

AirlieBird wrote: »

I don't know why you think ICICI's rate is out of date. The rate is 1.34% gross/1.35%AER, which is what the table shows.

ValiantSon wrote: »

Because the rate includes a bonus of 0.7% until 31st January 2019. With less than 12 months until that date the effective rate is now 1.28%.

Good spot! And each month the rate falls by just under 6 basis points.

By May it will be equivalent to 1.18% for 12 months. However as it is easy access, savers can move their cash away before 31st January 2019 and still get the full 1.35% AER. That is assuming that ICICI don't change their standard variable rate before then.