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pecunianonolet said:Bridlington1 said:
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%.no @Bridlington1 is correct that it's acceptable to have both issues 6 & 7 - I have them both (we seem to have all the same accounts lol) and like him, i'm only using issue 6 (which moved to 3.25% first) with just £1 in issue 7... haven't had to withdraw from them yet, but the trick with this scenario will be to use the final withdrawal of one issue to fund the other issue and effectively get an additional six withdrawals per year.as someone said earlier, it often pays to open accounts when they become available, just in case a scenario like this occurs and they suddenly become high paying withdrawn accounts... if I hadn't been an idiot and closed my Charter account when it was paying 2.25%, it would now be another one paying 3.25%... c'est la via! lesson learned and I only tend to close accounts now when the service has been terrible and/or not worth the hassle - easier to just leave a nominal amount in.4 -
Coventry usually let you open 2 of every issue (not sure why you would want two) as they count annual interest and monthly interest options as two separate accounts.4
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janusdesign said:pecunianonolet said:Bridlington1 said:
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%.no @Bridlington1 is correct that it's acceptable to have both issues 6 & 7 - I have them both (we seem to have all the same accounts lol) and like him, i'm only using issue 6 (which moved to 3.25% first) with just £1 in issue 7... haven't had to withdraw from them yet, but the trick with this scenario will be to use the final withdrawal of one issue to fund the other issue and effectively get an additional six withdrawals per year.as someone said earlier, it often pays to open accounts when they become available, just in case a scenario like this occurs and they suddenly become high paying withdrawn accounts... if I hadn't been an idiot and closed my Charter account when it was paying 2.25%, it would now be another one paying 3.25%... c'est la via! lesson learned and I only tend to close accounts now when the service has been terrible and/or not worth the hassle - easier to just leave a nominal amount in.
I never even bothered with Charter at 2.25% in the end as one of the other accounts emerged at a higher rate (YBS family saver rings a bell), so I put my money in that one instead. Oh well, if I'm not mistaken it only pays 3.25% if the balance is £5k or more so it would be at a minimal balance now if it was still open anyway. I paid money into 27 of my regular savers this morning and as I have £5k in the YBS rainy day account at 3.35% already and put some money into the Mansfield tracker 90 account at 4% not so long back I wouldn't have £5k left to go in it.
In my case I open pretty much any EA savings account with a £1 minimum deposit that takes my fancy. It's rare I close accounts as I see no harm in keeping them open unless they have high minimum operating balances, such as Monmouthshire's premium instant account which I closed in January or if I'm near certain they won't raise their interest rate for new issues and have interest I wish to unlock, such as Tesco bank and Sainsbury's bank among others.2 -
alternate said:Coventry usually let you open 2 of every issue (not sure why you would want two) as they count annual interest and monthly interest options as two separate accounts.1
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Investec Easy Access just increased from 2.7 to 2.9% AER as of today0
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patpalloon said:Investec Easy Access just increased from 2.7 to 2.9% AER as of today
https://forums.moneysavingexpert.com/discussion/comment/79886639#Comment_79886639
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Bridlington1 said:pecunianonolet said:Bridlington1 said:
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%.alternate said:Coventry usually let you open 2 of every issue (not sure why you would want two) as they count annual interest and monthly interest options as two separate accounts.
HMRC is going to hate me when they get many reports next year of only pennies of interest with many accounts. Going to lead me to a couple of questions in that regard but I better open yet another PSA/Tax thread....0 -
pecunianonolet said:Bridlington1 said:pecunianonolet said:Bridlington1 said:
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%.alternate said:Coventry usually let you open 2 of every issue (not sure why you would want two) as they count annual interest and monthly interest options as two separate accounts.
HMRC is going to hate me when they get many reports next year of only pennies of interest with many accounts. Going to lead me to a couple of questions in that regard but I better open yet another PSA/Tax thread....7 -
Bridlington1 said:
If it's any consolation they already hate me.
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Bridlington1 said:
How do you claim, self assessment? Usually try to stay away from them flying under the radar is always better than being on theirs.
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