The Top Easy Access Savings Discussion Area

Band7

SanguineOnSaturn said:

 Kroo............. also it would be nice to see the current interest rate displayed somewhere.

I agree, they should display the current interest rate in the app. They say in their T&Cs that they are doing so........obvs not true.

There's a bit of a longwinded way of seeing your interest rate, on your statement. Looks like you can generate a statement for the current month anytime you like.

flobbalobbalob

Band7 said:

All banks also have limits for individual and/or daily Faster Payment transaction limits. Natwest/RBS are now defaulting it to £5k, though you can up it to £10k (?). Others have limits between £10k and £100k.

Natwest daily limit is £20k and for week days only. £50k for premier customers

SanguineOnSaturn

It's also in the faqs

Profile > read our faqs > Personal Current Account > What interest is paid on current account balances.

I think the important thing is not wanting to miss a reduction if they are doing a quick customer grab with short term headline rate.

Band7

SanguineOnSaturn said:

It's also in the faqs

Profile > read our faqs > Personal Current Account > What interest is paid on current account balances.

I think the important thing is not wanting to miss a reduction if they are doing a quick customer grab with short term headline rate.

According to their T&Cs, they will give at least 2 months notice of reductions.

SanguineOnSaturn

That's decent enough. Just a colour scheme change, a name change and I'm all in then 😁

AmityNeon

Bridlington1 said:

Al Rayan's looking as though they're in danger now. If Skipton's tracker account is still available a fortnight after the next BOE base rate they will jump to at least 2.85% if not 3.1%, thus ending Al Rayan's stint of many months of being in the top 10 EA accounts.

It's already gone from this board's TotP. Sainsbury's latest Defined Access ousted it from the top 10.

cloud_dog

RG2015 said:

Am I correct in saying that the Zopa easy access account has the highest unrestricted interest rate at 2.86% AER / 2.82% gross?

I am excluding Aldermore, Shawbrook, Monmouth, Sainsbury's, Cynergy, Yorkshire BS and Chip as each has some sort of restriction along with the Virgin Money 3.00% ISA.

What is the restriction with Shawbrook? 

I'm not aware of any (2.92%).

Richard1212

cloud_dog said:

RG2015 said:

Am I correct in saying that the Zopa easy access account has the highest unrestricted interest rate at 2.86% AER / 2.82% gross?

I am excluding Aldermore, Shawbrook, Monmouth, Sainsbury's, Cynergy, Yorkshire BS and Chip as each has some sort of restriction along with the Virgin Money 3.00% ISA.

What is the restriction with Shawbrook? 

I'm not aware of any (2.92%).

If the interest goes below £1000 then the interest becomes 0.05%.

RG2015

cloud_dog said:

RG2015 said:

Am I correct in saying that the Zopa easy access account has the highest unrestricted interest rate at 2.86% AER / 2.82% gross?

I am excluding Aldermore, Shawbrook, Monmouth, Sainsbury's, Cynergy, Yorkshire BS and Chip as each has some sort of restriction along with the Virgin Money 3.00% ISA.

What is the restriction with Shawbrook? 

I'm not aware of any (2.92%).

The minimum balance of £1,000 and transaction of £500, but like the others I excluded will be absolutely fine for some.

Bridlington1

AmityNeon said:

Bridlington1 said:

Al Rayan's looking as though they're in danger now. If Skipton's tracker account is still available a fortnight after the next BOE base rate they will jump to at least 2.85% if not 3.1%, thus ending Al Rayan's stint of many months of being in the top 10 EA accounts.

It's already gone from this board's TotP. Sainsbury's latest Defined Access ousted it from the top 10.

So it has. Apologies, I must have somehow missed that update.