The Top Easy Access Savings Discussion Area

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! 

  

janusdesign

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 just emptied my E-saver (though it had less than £70 in) and will move it into one of my other higher paying accounts - you need to remember that it's only a 12-month account before it gets converted to an Everyday Saver at 0.7% in a few months time.

It's too much hassle for me to use Chip (as my two main current account aren't options in the app), but there are easier alternatives for me that I use via FP, e.g Tandem & Shawbrook (3.75%), and Cynergy @ 3.71% - even if I had £85k in any of these accounts, it's less than £50 difference over a year than Chip - and I can live with that.

in your circumstances, there are better options than Zopa and Santander - if you need quickish access to the money, then Tandem & Cynergy would be good options... if you can wait til potentially next working day, Shawbrook.

ranciduk

Anyone know if HSBC’s online saver rate is going up anytime soon?