The Top Easy Access Savings Discussion Area

Band7

Stargunner said:

If you are a rate tart, surely you have the bulk of your easy access money in Zopa

I do consider myself a rate tart and I have held the sum total of £0 in Zopa for several weeks now. There are several dimensions to this, not merely immediate access (or access in xx days), and everyone has different requirements, and/or is prepared to go to whatever lengths. It's pretty pointless to prescribe a 'best' solution without knowing a lot more than is commonly shared on a public internet forum.

jimexbox

Unfortunately banks rely on apathy. From what I've read there are billions earning next to nothing in interest.

There are usually enough disruptor banks and enough rate chasers to make a difference overall. With past disruptors eventually upping their rate's. Usually the historical banks lagging way behind as usual. 

pecunianonolet

Every 0.1% more, regardless of the sum is 

a) a statement you make towards one bank where you take it from and another bank where you deposit it to
b) every 0.1% is exactly 0.1% less real loss against inflation and for me nothing else than damage control
c) most of the EA movements from one account to another (assuming you hold them already even if they are at zero or £1) are so easy to be done that wiping your bottom probably is more time wasted in your life compared to a few seconds operating an app
d) the evil capitalist in me wants to make sure every £ works the hardest it can
e) Pecunia non olet. Google is your friend if you don't know ;-)

2010

Hope all the rate tarts are keeping an eye on tax.
Can see a few P800 on there way in October.   :'(

Sg28

2010 said:

Hope all the rate tarts are keeping an eye on tax.
Can see a few P800 on there way in October.   :'(

With every savings rate rise my wife receives another chunk of my savings!

Stargunner

Sg28 said:

2010 said:

Hope all the rate tarts are keeping an eye on tax.
Can see a few P800 on there way in October.   :'(

With every savings rate rise my wife receives another chunk of my savings!

Tell me about it. I gave my wife 20k to put in an Isa this tax year to shelter it from the bloody taxman 

CYPER

Which easy access accounts have standing order payments so I can do drip feeding?

I opened the 7% First Direct Regular Saver and want to put money into an Easy Access account and automatically move £300 from it to the Regular Saver.

SJMALBA

Kazza242 said:

The Coventry Building Society new savings rates have been added to their website:

https://www.coventrybuildingsociety.co.uk/member/help/member-support/bank-of-england-base-rate.html

https://www.coventrybuildingsociety.co.uk/content/dam/cbs/member/pdfs/savings/rate-change-notice-savings.pdf

There are not many changes this time, but their Limited Access Saver Online (7) rate will be increased from 2.85% to 3.25% (w.e.f. 1st March 2023) to bring it inline with their other Limited Access Saver Online issues.  

Hopefully, YBS will increase their rates.    

Disappointing response from CBS, IMO,  though perhaps not surprising, given the 'modest' response from the market as whole to recent base rate rises. 

Also, it seems that Limited Access Saver (Online) (7) went NLA on 9.2.23.

https://www.coventrybuildingsociety.co.uk/member/savings/closed-accounts.html

BooJewels

Can I ask something that troubles me - I'm very new to moving money around (on account of never having any before) and only recently opened multiple accounts and some of my money has already done at least a full circle of some accounts.  Do you not worry about something tripping up and getting accounts frozen?  Every transaction I hold my breath worrying it will send up some red flag somewhere.

gt94sss2

CYPER said:

Which easy access accounts have standing order payments so I can do drip feeding?

I opened the 7% First Direct Regular Saver and want to put money into an Easy Access account and automatically move £300 from it to the Regular Saver.

Chase.

Though remember, the £300 has to go to your FD current account not directly to the Regular Saver