The Top Easy Access Savings Discussion Area

Mr._H_2

janusdesign said:

pecunianonolet said:

SeriousHoax said:

Hi I've got the full 85k In zopa.

I'm also thinking about putting some money in a booster pot I'm wondering if I've already got 85k in zopa can I still open a booster pot.

You should be able to open as many as you want...

isn't there a 20 pot limit (primary + 19 others) with Zopa?

Yes      

Mr._H_2

SeriousHoax said:

pecunianonolet said:

SeriousHoax said:

Hi I've got the full 85k In zopa.

I'm also thinking about putting some money in a booster pot I'm wondering if I've already got 85k in zopa can I still open a booster pot.

You should be able to open as many as you want as you already have the funds in your account so you essentially just spread them across different accounts with Zopa and limit the accessibility. 

I would be more worried, why you have 85k there as there are better ways to make that cash work a little harder for you.

I like the sound of making my money work harder for me what are your suggestions thnx.

Various reg savers and limited balance accounts paying 5+%
Cash ISA
Fixed rate accounts
S&S ISA
Pension

savethepandas

flobbalobbalob said:

savethepandas said:

Charter Savings Bank Issue 28

If you look at the interest summary on their website:
 https://www.chartersavingsbank.co.uk/Help/InterestRateSummary 

Shows issue 28 (any 30 and below) going up to 2.9% today.

The email from them stated 3%.

Only have a pound in there currently, so can someone with 5K+ in it confirm what the rate change actually is.

Thanks

2.96% monthly interest which is equivalent to 3.00% annual. 

Showing 2.90% annual and 2.86% monthly with a AER of 2.90%

pecunianonolet

SeriousHoax said:

I like the sound of making my money work harder for me what are your suggestions thnx.

Depends, what accounts you already have or how much "work" you're willing to put in and what your short, mid and long term goals are etc.

1. I would put 20k in an ISA (unless you have maxed out allowance already). Virgin 1y fix at 4.25% or Barclays 4% 1y fix come to mind with both having different features.
2. RBS/Natwest 5.12% AER Reg Savers. I have both and pay in the 150/month but I heavily (ab) use their double round up feature. Making 99 x £0.01 Paypal Friends & Family transactions per day on each. So should by end of Jan I have them both more or less full at their 5k limit (% drops sharply after). That would be another 10k at 5% Gross and you can withdraw at any time if you really need to. Monthly interest payment too. A bit of work, or you just drip feed once a month to have some in higher paying accounts as their is always the risk of Paypal blocks, etc. Not had any problems so far.
3. Yorkshire Building Society Rainy Day Account 2 at 3.35% for the first 5k is another option
4. Looking into fixes, e.g. Atom Bank and you can use their 6,9,12 months fixes if you don't want to lock too much away for too long. Tendency is fixes will reduce over time, we're over the peak
5. Have a look at other regular savers and drip feed them from your Zopa account
6. Various boost pots with Zopa

Your tax & income situation also is important to consider. You could also look into pensions, etc.

Just a selection of possibilities and options. As always, that's not financial advice and you have to do your own research and find what suits you and your circumstances best. 

happybagger

savethepandas said:

flobbalobbalob said:

savethepandas said:

Charter Savings Bank Issue 28

If you look at the interest summary on their website:
 https://www.chartersavingsbank.co.uk/Help/InterestRateSummary 

Shows issue 28 (any 30 and below) going up to 2.9% today.

The email from them stated 3%.

Only have a pound in there currently, so can someone with 5K+ in it confirm what the rate change actually is.

Thanks

2.96% monthly interest which is equivalent to 3.00% annual. 

Showing 2.90% annual and 2.86% monthly with a AER of 2.90%

Those rates are for the Easy Access Cash ISA.

The Easy Access (non-ISA) account is listed a bit lower. All issues 29 and lower are 3.00% (AER)

grumbler

Sncjw said:

Can someone tell me more about the 5 percent start to save issue 2 with nationwide. It says it's variable. I do have savings account with nation wide but it's only 1.25 percent at the moment..

Start to Save is a regular savings account. And their instant access saver is 2.25%.
So, why 1.25%?

esksbanker

RG2015 said:

eskbanker said:

RG2015 said:

esksbanker said:

BestSeagull said:

2010 said:

Thought I saw somewhere about Charter changing rates on Monday.
Anyone know?

I have Charter easy access issue 28 and got the email saying 3% on the 23rd.

I've just checked my Charter account for the first time in months, I also have easy access issue 28 my balance is £4.37. Never received any email notification about rates changing and I can't see anything about rate increases on my account?
I've reached the max for £85000 protection in my Coventry account and now looking for a home for my surplus savings.

Heinous identity theft on the Esk. 

Not sure whether to be flattered or offended by the appearance of a tribute act!  Time will tell....

Many years ago I was in Dublin and was at a large dinner dance where the music was from Rattle and Hum.

Fuelled by much Guinness and red wine, I would have sworn that I was witnessing Bono, the Edge et al.

Point being that the proof of the pudding is in the eating. When the alternative esk delivers at the level of the original then the tribute will be complete.

RG2015 said:

eskbanker said:

RG2015 said:

esksbanker said:

BestSeagull said:

2010 said:

Thought I saw somewhere about Charter changing rates on Monday.
Anyone know?

I have Charter easy access issue 28 and got the email saying 3% on the 23rd.

I've just checked my Charter account for the first time in months, I also have easy access issue 28 my balance is £4.37. Never received any email notification about rates changing and I can't see anything about rate increases on my account?
I've reached the max for £85000 protection in my Coventry account and now looking for a home for my surplus savings.

Heinous identity theft on the Esk. 

Not sure whether to be flattered or offended by the appearance of a tribute act!  Time will tell....

Many years ago I was in Dublin and was at a large dinner dance where the music was from Rattle and Hum.

Fuelled by much Guinness and red wine, I would have sworn that I was witnessing Bono, the Edge et al.

Point being that the proof of the pudding is in the eating. When the alternative esk delivers at the level of the original then the tribute will be complete.

What tribute?

RG2015

esksbanker said:

RG2015 said:

eskbanker said:

RG2015 said:

esksbanker said:

BestSeagull said:

2010 said:

Thought I saw somewhere about Charter changing rates on Monday.
Anyone know?

I have Charter easy access issue 28 and got the email saying 3% on the 23rd.

I've just checked my Charter account for the first time in months, I also have easy access issue 28 my balance is £4.37. Never received any email notification about rates changing and I can't see anything about rate increases on my account?
I've reached the max for £85000 protection in my Coventry account and now looking for a home for my surplus savings.

Heinous identity theft on the Esk. 

Not sure whether to be flattered or offended by the appearance of a tribute act!  Time will tell....

Many years ago I was in Dublin and was at a large dinner dance where the music was from Rattle and Hum.

Fuelled by much Guinness and red wine, I would have sworn that I was witnessing Bono, the Edge et al.

Point being that the proof of the pudding is in the eating. When the alternative esk delivers at the level of the original then the tribute will be complete.

RG2015 said:

eskbanker said:

RG2015 said:

esksbanker said:

BestSeagull said:

2010 said:

Thought I saw somewhere about Charter changing rates on Monday.
Anyone know?

I have Charter easy access issue 28 and got the email saying 3% on the 23rd.

I've just checked my Charter account for the first time in months, I also have easy access issue 28 my balance is £4.37. Never received any email notification about rates changing and I can't see anything about rate increases on my account?
I've reached the max for £85000 protection in my Coventry account and now looking for a home for my surplus savings.

Heinous identity theft on the Esk. 

Not sure whether to be flattered or offended by the appearance of a tribute act!  Time will tell....

Many years ago I was in Dublin and was at a large dinner dance where the music was from Rattle and Hum.

Fuelled by much Guinness and red wine, I would have sworn that I was witnessing Bono, the Edge et al.

Point being that the proof of the pudding is in the eating. When the alternative esk delivers at the level of the original then the tribute will be complete.

What tribute?

Apologies. Sometimes my attempts at humour are abject failures.

andyhicks88

Not strictly an actual Easy Access Savings Account but it might be worth noting that Kroo Bank are increasing the interest rate on their current account to 3.03% for balances up to 85k, so it could be treated as a savings account really and has the bonus of Current Account functionality. I believe you can get £20 cashback via TCB for joining too.
https://www.kroo.com/

It looks like this is a total game changer really to have a current account that also has the highest easy access rate on the full balance.

AmityNeon

That came out of nowhere. Go Kroo. Even better than the original Santander 123.

2.99% Gross / 3.03% AER from 1st February 2023.