The Top Easy Access Savings Discussion Area

snappyfish

Chip recommended @ 3.82%?

 I'm currently with Zopa smart saver 3.46% (83k) and Santander E-saver 3.20% (52k)

Any suggestions for easy access? Thanks

Gollygumdrops

flobbalobbalob said:

Gollygumdrops said:

JGal said:

Gollygumdrops said:

For all the Cynergy easy access account holders out there, their rate has now increased to 3.71%, so don’t forget to do the closing and opening accounts act, to get the new increase!

This is getting such a chore changing the cynergy account issue all the time. I think I'm on the 6th account now.

I know but don’t forget each time you do open and transfer to a new account you get your interest, to that date, included in the new account.  I must be on my 8th or 9th such account now but the process gets easier each time you do it!

It is useful for getting your interest paid. On the negative side, when interest rates stop rising and you stick with the account for longer, it may all be paid in a single tax year that is inconvenient for some people.

..and that will be the same for every account that you have?  The only way to avoid the single tax year interest lump sum is to go for a very low interest rate account (seems pointless to me) or have it in an account where you can transfer the interest out every month.  Other than that look at transferring your saving funds to a non-tax paying partner or one that pays tax at the lower rate.

wiseonesomeofthetime

Email from Saffron BS

Great news! On 24 May 2023 we increased the rate on your E-Saver to 3.45% Gross p.a / AER



My £10 (minimum balance allowed to keep account open) will rise dramatically now then. Not! 🤦‍♂️😂

pearl123

snappyfish said:

Chip recommended @ 3.82%?

 I'm currently with Zopa smart saver 3.46% (83k) and Santander E-saver 3.20% (52k)

Any suggestions for easy access? Thanks

Cynergy Bank NOW 3.71%. They're a good bank. 
Shawbrook also has decent rates. 

Bigwheels1111

snappyfish said:

Chip recommended @ 3.82%?

 I'm currently with Zopa smart saver 3.46% (83k) and Santander E-saver 3.20% (52k)

Any suggestions for easy access? Thanks

I've split mine between Chip and Tandem as both are near instand deposits and withdrawals.

cheesemason

Ford Money increasing to 3.75% on 1st June

S_uk

I wonder when we'll breach the 4.00% barrier for EA (bar Hanley BS, reg savers etc).

FindingBBob

S_uk said:

I wonder when we'll breach the 4.00% barrier for EA (bar Hanley BS, reg savers etc).

I think we could see it close to the next BoE MPC meeting on 22nd June. 

ForumUser7

S_uk said:

I wonder when we'll breach the 4.00% barrier for EA (bar Hanley BS, reg savers etc).

I already have a 4% easy access account - KR Demelza Issue 7. It’s one I can keep for the rest of my life as I opened it before I turned 18 - was a very good decision. Those who held Issue 6 and below currently get 4.25%!

SJMALBA

cheesemason said:

Ford Money increasing to 3.75% on 1st June

The vast sum of money I withdrew from mine this morning has clearly had an impact!