The Top Easy Access Savings Discussion Area

Band7

fwdrew said:

Wonder if Zopa will update its rates now its dropped off a lot of lists.

Like other providers, they   are unlikely to set their interest rates according to a market ranking. If they need more money and can’t attract sufficient amounts with their existing rates, they are likely to raise rates. If they have sufficient funds, they have no incentive to offer higher interest payments.

patpalloon

TiVo_Lad said:

Aldermore have launched Issue 1 of their Double Access Account at 3.55%

A maximum of two easy access withdrawals are allowed per year, additional withdrawals will result in the rate dropping to 0.10% for the remainder of that year. Interest is paid annually or monthly.

https://www.aldermore.co.uk/personal/personal-savings-accounts/double-access-account/

@soulsaver

It's not great though is it. If I'm only allowed 2 withdrawals per year then personally I would rather go for a notice account like Investec 90 day 3.71% or even a 6 month fix like Atom 4.15%.

akh43

wiseonesomeofthetime said:

Gatehouse Easy Access expected profit rate now 3.35%

Notified by email 

Is there more than one version of the Gatehouse Easy Access account as my email only says 3.30%, as does my account when I log in, not the first time my rate has been lower? I opened my account in August 22.

gt94sss2

akh43 said:

wiseonesomeofthetime said:

Gatehouse Easy Access expected profit rate now 3.35%

Notified by email 

Is there more than one version of the Gatehouse Easy Access account as my email only says 3.30%, as does my account when I log in, not the first time my rate has been lower? I opened my account in August 22.

No.

Its

Expected Profit Rate (EPR)

3.35% AER/Gross p.a. - Annual Profit

3.35% AER / 3.30% Gross p.a. - Monthly Profit

wiseonesomeofthetime

akh43 said:

wiseonesomeofthetime said:

Gatehouse Easy Access expected profit rate now 3.35%

Notified by email 

Is there more than one version of the Gatehouse Easy Access account as my email only says 3.30%, as does my account when I log in, not the first time my rate has been lower? I opened my account in August 22.

As described in the post from gt94sss2, I can confirm that my account is annual profit. I assume you receive your profit monthly.

hoc

mebu60 said:

» show previous quotes

Existing Issue 1 showing at 3.55% online.

This is a time when I would have preferred it being a new issue as I have no withdrawals remaining until 31 August! Currently only a modest balance left in there.

Yes they haven't launched anything, this issue has been going since 2020, they have simply raised the rate.

https://www.aldermore.co.uk/personal/personal-savings-accounts/personal-savings-accounts-historic-interest-rates/

Are people getting alerts of rate rises from Aldermore? Do they send emails or texts? Do I need to allow this to be informed rate rises and put up with marketing?

Keeping you informed

We'll keep you informed about Aldermore products and services similar to those you already have. You can opt out of receiving these updates at any time.

I do not wish to be kept informed about Aldermore products and services.

ForumUser7

Harpenden BS Online Instant Access Issue 1 to 3.35% according to Moneyfacts (currently paying 3.10%) ~ https://www.harpendenbs.co.uk/savings/personal-savings-accounts/onlineinstantaccess/

@soulsaver - seems like it should be the new number 10 on the top ten

Kazza242

Chorley BS have launched Easy Access Saver 3.45%.

The minimum opening deposit is £500.

2 penalty-free withdrawals permitted per account year.

Open online, via branch or post.

https://www.chorleybs.co.uk/saving/88ac/

allegro120

Kazza242 said:

Chorley BS have launched Easy Access Saver 3.45%.

The minimum opening deposit is £500.

2 penalty-free withdrawals permitted per account year.

Open online, via branch or post.

https://www.chorleybs.co.uk/saving/88ac/

Hardly competitive, but shows that the race for cash is not over yet.

Kazza242

allegro120 said:

Kazza242 said:

Chorley BS have launched Easy Access Saver 3.45%.

The minimum opening deposit is £500.

2 penalty-free withdrawals permitted per account year.

Open online, via branch or post.

https://www.chorleybs.co.uk/saving/88ac/

Hardly competitive, but shows that the race for cash is not over yet.

It highlights the upward trend of savings rates for easy access and limited access accounts, which I think is a good thing for competition.  

At 3.45%, it is the second highest paying limited access savings account available on Moneyfacts' list, just behind Aldermore's Double Access Account (3.55%), and so I wouldn't call it uncompetitive at that rate.  

Hopefully, it will drive competition amongst the other savings providers.