The Top Easy Access Savings Discussion Area

Bridlington1

aaj123 said:

flaneurs_lobster said:

BarGin said:

What's the advantage of allowing debit card deposits please?

Some current account reward schemes require a number of debit card transactions to be made each month. Funding a savings account with (say) several £1 deposits is one way to satisfy these requirements.

Or topping up your Amazon gift card account with a bunch of £1 deposits.

You can also buy 10p amazon gift cards and manually add them to your amazon balance.

aaj123

Are there any easy access accounts out there any longer that allow easy set up of direct debits for funding them? Not bothered about interest rates in this case but more as a solution for easy direct debit setup for current account switch offers. Tesco accounts don't do direct debits any longer I think.

Frequentlyhere

Band7 said:

george4064 said:

HSBC Online Bonus Saver now paying 3.25%

Dropping to 1.2% for the month as soon as you withdraw a penny

I have to say I really don't like this model at all. Easy access is not easy access if you're penalised for using the account the moment you withdraw, and when you can get 3.4% genuinely easy access there's no benefit to doing so.

PloughmansLunch

aaj123 said:

Are there any easy access accounts out there any longer that allow easy set up of direct debits for funding them? Not bothered about interest rates in this case but more as a solution for easy direct debit setup for current account switch offers. Tesco accounts don't do direct debits any longer I think.

Not proper banks, but I find the MSE classic Plum £1 & Moneybox £2 direct debit combo works well for me

Bridlington1

aaj123 said:

Are there any easy access accounts out there any longer that allow easy set up of direct debits for funding them? Not bothered about interest rates in this case but more as a solution for easy direct debit setup for current account switch offers. Tesco accounts don't do direct debits any longer I think.

Ecology (regular saver, easy access and notice accounts), Scottish Widdows, Charity Bank and many credit unions do DDs.

There's also some invesment sites which do £1 DDs such as Wealthify and Evestor.

kaMelo

2010 said:

Yorkshire B/S loyalty 4% and six withdrawals allowed per year.

Ignore me, others have already mentioned it's an ISA.

where_are_we

Winchmore_Hill_Shot said:

I'm showing my ignorance here, but does anyone know whather the Family Account will accept debit card transactions from someone other than the account holder.  So would my wife be able to open an account and fund it using one of my Halifax debit cards.

My OH has a Skipton account which we both deposit funds into using our debit cards. OH is a non tax payer and can utilise the 0% £5000 starter savings allowance so funds are mostly in OH`s accounts to avoid paying tax on the interest. Skipton allow you to submit another`s card, but ask for address details. Therefore it is possible Family Building Society will allow similar.

ranciduk

It’s rubbish - but Halifax have a new Bonus Saver account paying 2.2% interest 

you are allowed 3 withdrawals a year - any more and the rate is greatly reduced 

phillw

Frequentlyhere said:
I have to say I really don't like this model at all. Easy access is not easy access if you're penalised for using the account the moment you withdraw, and when you can get 3.4% genuinely easy access there's no benefit to doing so.

Last week 3.25% was actually good. It is easy access, it's no different to the 2 or 6 access accounts. You just have to ignore them when you're looking for something for storing a float in.

mebu60

ForumUser7 said:

Sainsbury's Bank Defined Access Saver - Issue 40 @3.07% between 1k and 500k showing on Moneyfacts

A whole 0.02% above Issue 39!