The Top Easy Access Savings Discussion Area

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. :-)

soulsaver

So - Kroo makes top spot in the ranked EA accounts list at 3.03%

Behind some of the NLA accounts that are still quite well ahead.

ToTP top Easy Access acs ranked by rate, updated and links checked.

NameWithheld

cloud_dog said:

NameWithheld said:

I have had precisely £0 in Marcus for several months. The account is still open. No need to keep £1 there.

The reason people keep £1 in there is because some organisations will close a zero balance account after a period of time (e.g. 1 year).  

Yes, but we are talking about Marcus, which doesn't have a minimum balance. There's no need to keep any money in accounts that don't have minimum balances. Tandem is another one where I have a zero balance and they haven't closed it