The Top Easy Access Savings Discussion Area

Bridlington1

I believe this one only just scrapes into the top EA list but Principality online double access issue 2 now pays 3.45%. I appreciate it's not that competitive these days but I thought it worth a mention nonetheless.

Section62

Emails starting to arrive from Ford Money confirming the Flexible Saver (annual) rate is now 3.6% gross, effective today.

https://www.fordmoney.co.uk/savings-products/flexible-saver

Bridlington1

Gatehouse EA account now pays 3.49%. Source: email.

wiseonesomeofthetime

Gatehouse EA 3.55% Annual epr 

Freebird53

This may have been asked before, but what is the formula to covert AER to EPR, and also AER to Monthly Interest Rate.

I ask this as I seem to be given the monthly rate, and wonder how it compares to the AER.

Thanks.

flobbalobbalob

I use this online tool. 
https://www.lemonfool.co.uk/financecalculators/apr-rate-converter.php

intalex

AER = (1+Gross/12)^12-1
assuming the Gross rate pays interest monthly

allegro120

Freebird53 said:

This may have been asked before, but what is the formula to covert AER to EPR, and also AER to Monthly Interest Rate.

I ask this as I seem to be given the monthly rate, and wonder how it compares to the AER.

Thanks.

I looks like you want to convert EPR, which is the same as Monthly Interest Rate, to AER. I use this tool https://www.candidmoney.com/calculators/annual-equivalent-interest-aer-calculator

MichaelAP

dgpur said:

I know your pain. I have neither driving licence (due to my disability I’m not allowed to drive - so can’t get one) nor passport (again - too disabled to go abroad). So many times good options have come along requiring one of them. So those that don’t (and there’s really no need for it in our banking system) get my business. Stuff Kroo, Chase, Investec etc.!

Snap….. Exact same position, so fully understand where you are coming from. 
On the plus side it forced me to look at ZOPA and I have never thought anything but 👍. 

jaypers

Not sure ‘annoyance’ is justified but I’m starting to feel quite annoyed with Atom. As an organisation they should be better with their rates. Taking the **** IMHO.