The Top Easy Access Savings Discussion Area

ranciduk

HSBC OBS will be 3.25% tomorrow I believe 

Band7

ranciduk said:

HSBC OBS will be 3.25% tomorrow I believe 

This account should always come with a huge health warning as the rate plummets for the month as soon as you make one withdrawal.

devansuk

ranciduk said:

HSBC OBS will be 3.25% tomorrow I believe 

Thanks Rancid

whatleytom87

ranciduk said:

HSBC OBS will be 3.25% tomorrow I believe 

Is that for new or existing customers? Or both? 

Bridlington1

whatleytom87 said:

ranciduk said:

HSBC OBS will be 3.25% tomorrow I believe 

Is that for new or existing customers? Or both? 

It's for both.

phillw

Band7 said
This account should always come with a huge health warning as the rate plummets for the month as soon as you make one withdrawal.

Always withdraw on the first of the month, treat it like a notice account.

Bridlington1

phillw said:

Band7 said
This account should always come with a huge health warning as the rate plummets for the month as soon as you make one withdrawal.

Always withdraw on the first of the month, treat it like a notice account.

Also if you do withdraw on 1st of the month, then notice the interest rate has risen later in the month there's nothing in the Ts&Cs stopping you from closing the account then opening a new one to get the bonus rate again.

pecunianonolet

whatleytom87 said:

ranciduk said:

HSBC OBS will be 3.25% tomorrow I believe 

Is that for new or existing customers? Or both? 

Both but you need a HSBC current account to operate it. If you use it and you have to withdraw, always on the 1st of a month and for that month in question the rate plummets. Basically a 30 day notice account.

pecunianonolet

Bridlington1 said:

I usually have money in a few EA accounts at any one time. I currently have a welcome to Newbury account at 3.15%. In a fortnight that account will rise to 3.3%. I have 2 Coventry 6 access savers at 3.25% (both NLA) plus the YBS rainy day account at 3.35%. 

Thus I have all of my EA savings (excluding a load of accounts with minimum balances) at 3.15% or above. When Newbury's rate increases my lowest paying EA savings will be in Coventry at 3.25%. 

How did you manage to open 2 Coventry 6 access savers? Thought it was limited to 1 per person?

Bridlington1

pecunianonolet said:

Bridlington1 said:

I usually have money in a few EA accounts at any one time. I currently have a welcome to Newbury account at 3.15%. In a fortnight that account will rise to 3.3%. I have 2 Coventry 6 access savers at 3.25% (both NLA) plus the YBS rainy day account at 3.35%. 

Thus I have all of my EA savings (excluding a load of accounts with minimum balances) at 3.15% or above. When Newbury's rate increases my lowest paying EA savings will be in Coventry at 3.25%. 

How did you manage to open 2 Coventry 6 access savers? Thought it was limited to 1 per person?

If my memory serves me well I opened issue 6 in December. When that became NLA they launched issue 7 at the lower interest rate of 2.85%, which I opened with £1. They have since raised the rate on issue 7 to match issue 6 so that I have both issues paying 3.25% (though I'm only using issue 6 at the moment).