The Top Easy Access Savings Discussion Area

southone

One pound should give you about 3P interest a year LOL

fourmarks

BestSeagull said:

fourmarks said:

If you're talking about Marcus, no, you'll still get your interest the month after you withdraw the bulk of your funds although there won't be any to speak of from the first full month of only having a balance of £1.

No, not specifically Marcus, any savings account where the interest is due at the end of the year.

Richard1212

I have used Marcus as one of my savings accounts since it started----it has, most of the time, remained one of the main players in the top 10 savings accounts and I have maintained the 2.5% rate over the past year. I have a substantial savings with Marcus. But I have a short list of similarly usual top 10s, such as Shawbrook, RCI, etc etc where I also keep substantial savings.

chris_the_bee

The beauty of Marcus is the true instant access 24/7 including weekends & bank holidays.

Richard1212

chris_the_bee said:

The beauty of Marcus is the true instant access 24/7 including weekends & bank holidays.

Yes, chris, it's very noticeable---and consistent---isn't it ?

jak22

With EA it doesnt matter that account was great a year ago, or fingers crossed might increase soon, this one hasnt been competitive for 6 months, has only been 2.5% for 3 months, and that might be 1.5% below BoE tomorrow. An account that lags by 0.5% misses out on £25 over 6 months for every £10000 deposited. 

chris_the_bee

jak22 said:

With EA it doesnt matter that account was great a year ago, or fingers crossed might increase soon, this one hasnt been competitive for 6 months, has only been 2.5% for 3 months, and that might be 1.5% below BoE tomorrow. An account that lags by 0.5% misses out on £25 over 6 months for every £10000 deposited. 

I just keep £1000 in there to use when quick or weekend payment is needed.

RG2015

jak22 said:

With EA it doesnt matter that account was great a year ago, or fingers crossed might increase soon, this one hasnt been competitive for 6 months, has only been 2.5% for 3 months, and that might be 1.5% below BoE tomorrow. An account that lags by 0.5% misses out on £25 over 6 months for every £10000 deposited. 

I agree, EAs constantly swapping round. Marcus, Chase, Virgin Money, Santander, Skipton, Coventry, Atom, Ford Money and even NS&I have topped the tables in the last year or so. (And loads more of course, before anyone tells me what I’ve missed off)

They come and they go. Yes, I have my favourites, but my immediate stash just follows the rate. If one of my favourites returns that’s a bonus.

I can see why the no chatter thread was started.

Oh hang on, that’s just what I’m doing  .

happybagger

southone said:

One pound should give you about 3P interest a year LOL

I think the poster who commented about closing to get the interest was more making the point, if you'd had a large balance then withdrew all bar £1 then the interest would accrue with the £1 until interest payment date, whereas if the account was closed interest to date would be paid, available for reinvestment

fourmarks

I think the poster who commented about closing to get the interest was more making the point, if you'd had a large balance then withdrew all bar £1 then the interest would accrue with the £1 until interest payment date, whereas if the account was closed interest to date would be paid, available for reinvestment

Thank you happybagger, that is exactly what I was saying. It makes no sense leaving hundreds of pounds of interest in a substandard account instead of closing the account and re-investing it all at a higher rate. I thought I was going mad. :-)