The Top Easy Access Savings Discussion Area

35har1old

Bridlington1 said:

flobbalobbalob said:

Do premium bonds count as easy access? They are looking more attactive at 3.15% and tax free.

Hardly easy access it takes ages to redeem. Plus the 3.15% is not guaranteed. PBs are more like a lottery than an easy access savings account.

Not quite a lottery you don't say goodbye to you stake.

Bridlington1

35har1old said:

Bridlington1 said:

flobbalobbalob said:

Do premium bonds count as easy access? They are looking more attactive at 3.15% and tax free.

Hardly easy access it takes ages to redeem. Plus the 3.15% is not guaranteed. PBs are more like a lottery than an easy access savings account.

Not quite a lottery you don't say goodbye to you stake.

I never said they were a lottery but that they are similar to a lottery and more lottery-like than an easy access savings account. They are like a lottery in which you can cash in your stake then.

SickGroove

Still waiting for Zopa to increase their rates...

From Monday I've 20K I need to put into an easy access account until I can put it into a new 1 year fixed Cash ISA on April 6th 2023 (already maxed out this year's allowance)

I've got Chase, Kroo & Tandem easy access accounts but after trying both Kroo & Tandem I think I'm gonna stick it all in Chase initially as they seem more fluid & any transfers to and from are pretty much instant.

Sg28

Bridlington1 said:

35har1old said:

Bridlington1 said:

flobbalobbalob said:

Do premium bonds count as easy access? They are looking more attactive at 3.15% and tax free.

Hardly easy access it takes ages to redeem. Plus the 3.15% is not guaranteed. PBs are more like a lottery than an easy access savings account.

Not quite a lottery you don't say goodbye to you stake.

I never said they were a lottery but that they are similar to a lottery and more lottery-like than an easy access savings account. They are like a lottery in which you can cash in your stake then.

Its like a lottery where you are betting the interest. But where the full amount "bet" is returned to the investors. With lotteries only around 50% is returned. 

patpalloon

I called Marcus to ask if they were going to increase their rates any time so - no was the answer.
I like PBs - they are tax free and don't affect your personal savings allowance - but your chances of getting a decent return are poor unless you have a decent amount in. The maths is complicated but iirc if you have less than about 4k you are unlikely to win much.

jimexbox

SickGroove said:

Still waiting for Zopa to increase their rates...

From Monday I've 20K I need to put into an easy access account until I can put it into a new 1 year fixed Cash ISA on April 6th 2023 (already maxed out this year's allowance)

I've got Chase, Kroo & Tandem easy access accounts but after trying both Kroo & Tandem I think I'm gonna stick it all in Chase initially as they seem more fluid & any transfers to and from are pretty much instant.

I'd be surprised if zopa didn't bump their rate's up this week, as Chase will be 3% AER next week.

TiVo_Lad

SickGroove said:

Still waiting for Zopa to increase their rates...

From Monday I've 20K I need to put into an easy access account until I can put it into a new 1 year fixed Cash ISA on April 6th 2023 (already maxed out this year's allowance)

I've got Chase, Kroo & Tandem easy access accounts but after trying both Kroo & Tandem I think I'm gonna stick it all in Chase initially as they seem more fluid & any transfers to and from are pretty much instant.

There always the 3.05% from Oak North

https://oaknorth.co.uk/personal-savings/easy-access-limited-edition/

SeriousHoax

patpalloon said:

I called Marcus to ask if they were going to increase their rates any time so - no was the answer.
I like PBs - they are tax free and don't affect your personal savings allowance - but your chances of getting a decent return are poor unless you have a decent amount in. The maths is complicated but iirc if you have less than about 4k you are unlikely to win much.

I've had 1p In Marcus for week's now Just to keep It open they were good while it lasted.

ranciduk

Shawbrook easy access account rises again

 now 3.01% on the website

Get them secure messages sent again !

I-LOV-MONEY

It is my fault, I know.  However, I just don't have the time to check the latest rates (knowing they will be changed in a relatively short time).  I have the majority of money in Santander EA 2.75%  and a smaller amount in Marcus 2.5%    I know I should be getting 3%+ and I will get round to moving it soon.