The Top Easy Access Savings Discussion Area

chris_the_bee

allegro120 said:

jak22 said:

The Zopa rate isnt disappointing - what's disappointing is the Coventry limited access which until recently had kept up fairly well with BoE changes but has only gone up 0.5% since December with the BoE going up 1.25% and now was nearly matched by Zopa EA

My issue 6 is going up by 0.1% from Tuesday next week.  And looking at their pattern of response to BoE rates we are not likely to see any further rises within next 6 weeks or so. Today's 3.25% is already uncompetitive, coming Tuesday 3.35% is ok but might not be Tuesday after. I'll wait and see what happens in the next couple of weeks, but it looks like I will be withdrawing soon (leaving the minimum operating £1 there just in case the account will become good again in future). The first on my 'tidy up' list for next week  is "welcome to Newbury", 3.30% is no longer acceptable. 

Leave the minimum £50 in Welcome to Newbury for a year as access to the Existing members account currently 3.5%.

allegro120

chris_the_bee said:

allegro120 said:

jak22 said:

The Zopa rate isnt disappointing - what's disappointing is the Coventry limited access which until recently had kept up fairly well with BoE changes but has only gone up 0.5% since December with the BoE going up 1.25% and now was nearly matched by Zopa EA

My issue 6 is going up by 0.1% from Tuesday next week.  And looking at their pattern of response to BoE rates we are not likely to see any further rises within next 6 weeks or so. Today's 3.25% is already uncompetitive, coming Tuesday 3.35% is ok but might not be Tuesday after. I'll wait and see what happens in the next couple of weeks, but it looks like I will be withdrawing soon (leaving the minimum operating £1 there just in case the account will become good again in future). The first on my 'tidy up' list for next week  is "welcome to Newbury", 3.30% is no longer acceptable. 

Leave the minimum £50 in Welcome to Newbury for a year as access to the Existing members account currently 3.5%.

Yes, this is what my plan is.  It's good to continue BS membership. I've learned this lesson with YBS few year ago when I ditched my low interest RS and because of that missed out on 5% loyalty RS they've introduced a month later.

ircE

Apologies if these have already been mentioned @soulsaver

soulsaver said:

Monmouth BS 3.00% - see trail (01/12). 

3 Al Rayan Everyday Saver Iss3: 3.30 % EPR (3.35% AER) £5k min (29/03) Al Rayan Everyday Saver (Issue 3) Note: Link says 3.30% EPR but calculates to 3.35% AER.  Thnx @chewybacca

8 Coventry BS Limited Access Iss8: 3.25% 6w/ds (21/03) Limited Access Saver (Online) (8) (coventrybuildingsociety.co.uk)

Up Coming:

YBS ISvr+ iss13 tiered: 3.15% > £50k<3.10% <£10K 3.00% wef 05/04 see trail 23/03

Chase Saver 3.10% wef 03/04 (by email).

Monmouthshire BS' Premium Instant account @ 3.00% is no longer ToTP.

Al Rayan's Everyday Saver @ 3.35% AER, if that is correct, should technically place it at the top of the table (assuming we continue to exclude Chip from the main table).

Coventry BS' Issue 8 has been listed twice, the one at #8 probably needs to be removed.

Upcoming changes to interest rates on Yorkshire BS' Internet Saver and Chase's saver account won't make ToTP rates so you need not worry about them unless they change their minds.

Kroo's current account @ 3.33% has taken effect from today.

sgog

chris_the_bee said:

allegro120 said:

jak22 said:

The Zopa rate isnt disappointing - what's disappointing is the Coventry limited access which until recently had kept up fairly well with BoE changes but has only gone up 0.5% since December with the BoE going up 1.25% and now was nearly matched by Zopa EA

My issue 6 is going up by 0.1% from Tuesday next week.  And looking at their pattern of response to BoE rates we are not likely to see any further rises within next 6 weeks or so. Today's 3.25% is already uncompetitive, coming Tuesday 3.35% is ok but might not be Tuesday after. I'll wait and see what happens in the next couple of weeks, but it looks like I will be withdrawing soon (leaving the minimum operating £1 there just in case the account will become good again in future). The first on my 'tidy up' list for next week  is "welcome to Newbury", 3.30% is no longer acceptable. 

Leave the minimum £50 in Welcome to Newbury for a year as access to the Existing members account currently 3.5%.

You can actually leave just 1£ in. You'll just get 1.2% (namely, 1p), but this will still allow you to apply for an Existing Member account after a year.

Bridlington1

sgog said:

chris_the_bee said:

allegro120 said:

jak22 said:

The Zopa rate isnt disappointing - what's disappointing is the Coventry limited access which until recently had kept up fairly well with BoE changes but has only gone up 0.5% since December with the BoE going up 1.25% and now was nearly matched by Zopa EA

My issue 6 is going up by 0.1% from Tuesday next week.  And looking at their pattern of response to BoE rates we are not likely to see any further rises within next 6 weeks or so. Today's 3.25% is already uncompetitive, coming Tuesday 3.35% is ok but might not be Tuesday after. I'll wait and see what happens in the next couple of weeks, but it looks like I will be withdrawing soon (leaving the minimum operating £1 there just in case the account will become good again in future). The first on my 'tidy up' list for next week  is "welcome to Newbury", 3.30% is no longer acceptable. 

Leave the minimum £50 in Welcome to Newbury for a year as access to the Existing members account currently 3.5%.

You can actually leave just 1£ in. You'll just get 1.2% (namely, 1p), but this will still allow you to apply for an Existing Member account after a year.

In a similar vein I logged into Monmouthshire BS for the first time in 2 months last week to change my nominated account and found the following secure message dated 1/2/23:

Dear Bridlington1

Thank you for your message and sorry about the delay with the reply. Our process has now been reviewed and we can accept a withdrawal for below the minimum balance of a Premium Instant account.

So it appears that Monmouthshire BS have updated some of their systems, which will be of use if they launch a similar sort of account in the future. Moreover I've managed to change my nominated account without sending any proof of account so it looks like they're verifying accounts electronically now.

allegro120

sgog said:

chris_the_bee said:

allegro120 said:

jak22 said:

The Zopa rate isnt disappointing - what's disappointing is the Coventry limited access which until recently had kept up fairly well with BoE changes but has only gone up 0.5% since December with the BoE going up 1.25% and now was nearly matched by Zopa EA

My issue 6 is going up by 0.1% from Tuesday next week.  And looking at their pattern of response to BoE rates we are not likely to see any further rises within next 6 weeks or so. Today's 3.25% is already uncompetitive, coming Tuesday 3.35% is ok but might not be Tuesday after. I'll wait and see what happens in the next couple of weeks, but it looks like I will be withdrawing soon (leaving the minimum operating £1 there just in case the account will become good again in future). The first on my 'tidy up' list for next week  is "welcome to Newbury", 3.30% is no longer acceptable. 

Leave the minimum £50 in Welcome to Newbury for a year as access to the Existing members account currently 3.5%.

You can actually leave just 1£ in. You'll just get 1.2% (namely, 1p), but this will still allow you to apply for an Existing Member account after a year.

It's not very clear from t&c if 1.2% will accrue just from the point of going below £50 or on the previous balance as well.

AndyW79

Sorry for the probably repeated question: does Al Rayan have a nominated account from which to receive funds?


As some others have shared before Al Rayan is not ver weekend friendly...

ircE

sgog said:

You can actually leave just 1£ in. You'll just get 1.2% (namely, 1p), but this will still allow you to apply for an Existing Member account after a year.

Thank you for pointing this out! If only the same applied to the Cambridge where I have £100 earning 1.4%.

Bridlington1

AndyW79 said:

Sorry for the probably repeated question: does Al Rayan have a nominated account from which to receive funds?


As some others have shared before Al Rayan is not ver weekend friendly...

I've been able to make deposits in from multiple accounts without issues.

You can also pay out to multiple accounts, though I've found you need to give them slightly different payee names for it to work.

Wheres_My_Cashback

AndyW79 said:

Sorry for the probably repeated question: does Al Rayan have a nominated account from which to receive funds?


As some others have shared before Al Rayan is not ver weekend friendly...

No, they work as a 'regular' bank in that respect and you can have as many payees as you like.