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The Top Easy Access Savings Discussion Area
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fwdrew said:If everyone withdrawals a large chunk this weekend maybe they willIf you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.1 -
Bridlington1 said:May I take the liberty of taking us back to easy access accounts.
The moneybox simple saver is now at 3% (up from 2.32%). It's not got a market leading rate by any stretch of the imagination but it does let you deposit by DD so it's nice to know my £2 weekly DD is earning an extra 0.68% whilst sat in an EA account. By my calculations that leaves me around 3p better off each year.
Although, if I may take the privilege to add that it makes sense to move the money accumulated in the moneybox simplesaver account ever so often to a higher interest paying account (and not leave it there for an extended period). My moneybox simplesaver allows one withdrawal per calendar month.
I did the last withdrawal in March (about £44 had accumulated before I realized). Today, I did another withdrawal to nominated account. Today's withdrawal amounted to around £12. i.e. money accumulated through DD's from March until now.
After money arrives in nominated account, moving it even somewhere like Zopa (paying 3.29% Gross, 3.34% AER) would yield higher returns than 3.00% AER at moneybox.1 -
fwdrew said:If everyone withdrawals a large chunk this weekend maybe they will0
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Ford Money just tweeted that their flexible saver and ISA rates are going up tomorrow. No details of how much yet tho10
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snowqueen555 said:Still on 3.2% and 3.1%, really wondering if I should wait around or move to Shawbrook, is it user friendly? I am sorta tired of moving around but I don't know if I'm being lazy, it is my FTB deposit money, hoping to buy in the next year.0
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Al Rayan 3.56% EPR. 3.62% AER if my maths is correct.
@soulsaver4 -
mebu60 said:snowqueen555 said:Still on 3.2% and 3.1%, really wondering if I should wait around or move to Shawbrook, is it user friendly? I am sorta tired of moving around but I don't know if I'm being lazy, it is my FTB deposit money, hoping to buy in the next year.0
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Millyonare said:mebu60 said:snowqueen555 said:Still on 3.2% and 3.1%, really wondering if I should wait around or move to Shawbrook, is it user friendly? I am sorta tired of moving around but I don't know if I'm being lazy, it is my FTB deposit money, hoping to buy in the next year.4
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Millyonare said:mebu60 said:snowqueen555 said:Still on 3.2% and 3.1%, really wondering if I should wait around or move to Shawbrook, is it user friendly? I am sorta tired of moving around but I don't know if I'm being lazy, it is my FTB deposit money, hoping to buy in the next year.
If I pay in a deposit first thing AM it always shows by lunchtime (and you get a text)
Withdrawals - next day. You'll need to request a withdrawal by 9.30pm on a working day in order for your funds to reach you the next working day.2 -
easysaver said:Al Rayan 3.56% EPR. 3.62% AER if my maths is correct.
The estimated balance of £5,179.90 is only possible with an EPR of 3.54%. The estimated balance figure is likely erroneous, though even if it wasn't, I doubt they would dare reduce the EPR from the boldly published rate of 3.56%. They don't usually make mistakes like this.
3.54% gross per annum compounded monthly hits £5,179.90 so precisely (down to 1/40 of a penny) I'm sure someone mistyped something somewhere.
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