The Top Easy Access Savings Discussion Area

where_are_we

From the Hanley BS website "All of the Society’s variable rate savings accounts will see their interest rate increase by 0.25% from 1st July 2023"

TiVo_Lad

Steve_xx said:

Bridlington1 said:

ForumUser7 said:

Bridlington1 said:

Hanley Economic BS Branch Saver now pays 4.25%. Minimum balance £1k. See:
https://thehanley.co.uk/savings-accounts/

Goodness me - surprising candidate to be topping the tables!

I have now printed off the application form. It shall reach my nearest postbox along with a cheque within the next 15 minutes.

Not before you've visited a branch.

That was how I read it too. Postal application wasn't an option. You had to physically show up. Factoring the cost of travel it didn't seem worth it.

ForumUser7

where_are_we said:

From the Hanley BS website "All of the Society’s variable rate savings accounts will see their interest rate increase by 0.25% from 1st July 2023"

It appears this one is a BOE base rate tracker, and states in the can they change the rate box it is increasing effective 1st June. Better terms than the Mansfield notice tracker (NLA), IMO

Bridlington1

TiVo_Lad said:

Steve_xx said:

Bridlington1 said:

ForumUser7 said:

Bridlington1 said:

Hanley Economic BS Branch Saver now pays 4.25%. Minimum balance £1k. See:
https://thehanley.co.uk/savings-accounts/

Goodness me - surprising candidate to be topping the tables!

I have now printed off the application form. It shall reach my nearest postbox along with a cheque within the next 15 minutes.

Not before you've visited a branch.

That was how I read it too. Postal application wasn't an option. You had to physically show up. Factoring the cost of travel it didn't seem worth it.

As it has a freepost address I've sent the application form off anyway. At worst they'll ask me to go into branch, which I shalln't do since my nearest is 125 miles away, so therefore the account won't be opened, at best they'll do a Monmouthshire on me and open the account regardless. 

sibby_cash

Bridlington1 said:

TiVo_Lad said:

Steve_xx said:

Bridlington1 said:

ForumUser7 said:

Bridlington1 said:

Hanley Economic BS Branch Saver now pays 4.25%. Minimum balance £1k. See:
https://thehanley.co.uk/savings-accounts/

Goodness me - surprising candidate to be topping the tables!

I have now printed off the application form. It shall reach my nearest postbox along with a cheque within the next 15 minutes.

Not before you've visited a branch.

That was how I read it too. Postal application wasn't an option. You had to physically show up. Factoring the cost of travel it didn't seem worth it.

As it has a freepost address I've sent the application form off anyway. At worst they'll ask me to go into branch, which I shalln't do since my nearest is 125 miles away, so therefore the account won't be opened, at best they'll do a Monmouthshire on me and open the account regardless. 

You can definitely apply by post but the ongoing management is also by post and cheque so not for me. Access rules apply too. 

“You can withdraw once per calendar month without penalty up to £500 in cash and £70,000 by cheque on demand from our branches or by sending us your written instructions. Larger cash sums up to £5,000 are available by giving at least 24 hours notice. Cheque withdrawals over £70,000 can be obtained from our Registered Office. All other withdrawals are subject to 30 days loss of interest on the amount withdrawn. Following any withdrawals £1,000 should remain in the account.”

Sg28

sibby_cash said:

Bridlington1 said:

TiVo_Lad said:

Steve_xx said:

Bridlington1 said:

ForumUser7 said:

Bridlington1 said:

Hanley Economic BS Branch Saver now pays 4.25%. Minimum balance £1k. See:
https://thehanley.co.uk/savings-accounts/

Goodness me - surprising candidate to be topping the tables!

I have now printed off the application form. It shall reach my nearest postbox along with a cheque within the next 15 minutes.

Not before you've visited a branch.

That was how I read it too. Postal application wasn't an option. You had to physically show up. Factoring the cost of travel it didn't seem worth it.

As it has a freepost address I've sent the application form off anyway. At worst they'll ask me to go into branch, which I shalln't do since my nearest is 125 miles away, so therefore the account won't be opened, at best they'll do a Monmouthshire on me and open the account regardless. 

You can definitely apply by post but the ongoing management is also by post and cheque so not for me. Access rules apply too. 

“You can withdraw once per calendar month without penalty up to £500 in cash and £70,000 by cheque on demand from our branches or by sending us your written instructions. Larger cash sums up to £5,000 are available by giving at least 24 hours notice. Cheque withdrawals over £70,000 can be obtained from our Registered Office. All other withdrawals are subject to 30 days loss of interest on the amount withdrawn. Following any withdrawals £1,000 should remain in the account.”

Do you also get a little savings book where the cashier writes down your deposits and withdraws and tallys up the balance?

Great rate, but im not going all the way back to 1996 to get it. 

allegro120

Band7 said:

Bridlington1 said:

Hanley Economic BS Branch Saver now pays 4.25%. Minimum balance £1k. See:
https://thehanley.co.uk/savings-accounts/

I'll pass on this one as there are way too many withdrawal restrictions for my taste, and I cba with cheques and letters

Same here. Too many complications and if I have to visit the branch it's a non starter. Mansfield pays me 4.50% and 90 days notice is not a problem for me, so far I have been cancelling all my notices because the rate stays leading. 

From the Hanley's website: "Based on the current interest rate, if you deposited £1,000.00 in this account, after 12 months you would have £1,004.25." - oops, that's not very much these days They should probably correct this error, it's a bit misleading.

alternate

Steve_xx said:

GB bank via Raisin are offering 3.65% easy access, with a minimum deposit of £1000.

The problem with raisin is that you have to request a withdrawal from the offering bank to your raisin account and then to your bank.  IME can take a week.  Not so easy access.

BigBlueSky

alternate said:

Steve_xx said:

GB bank via Raisin are offering 3.65% easy access, with a minimum deposit of £1000.

The problem with raisin is that you have to request a withdrawal from the offering bank to your raisin account and then to your bank.  IME can take a week.  Not so easy access.

and also results in loss of interest while you wait for the funds to be withdrawn and sent to your bank.

Dietofsoup

Is withdrawal by post and by cheque really 'easy access'?

I don't see as such.