The Top Easy Access Savings Discussion Area

mebu60

BreakingGlass said:

poppystar said:

subjecttocontract said:

refluxer said:

housebuyer143 said:

If that's the case I want to open it 👍 I'm not really a fan of these easy access with all these annoying caveats. As long as it's not stuck in there for a year though I'll take it

I really wouldn't bother with the Sainsburys account - if Chip are going to 4%, then other similar accounts without withdrawal restrictions will almost certainly follow soon.

The Sainsbury's withdrawal restrictions havnt been a problem for me because each account only last a couple of weeks before they release another uprated issue which starts the 3 withdrawal restriction again. Since March I think I'm on the 7th issue (iss44).

How easy is it to switch issues? I’m a bit fed up of constantly having to close and open so am looking for somewhere that changing issue if new one released is easy. Especially as it’s now almost every few weeks as you say.

It's a bit clunky.  Opening the new account is relatively straightforward with auto-population of most form entries except NI number and Nectar Card number (not sure what the latter achieves!).  However, when you close the old account it opens a closing/transfer form where you have to cut and paste old/new account numbers and sort-codes - the user interface could be much improved.  Once closure request is submitted, it took a couple of hours to show that the old balance plus interest has moved to the newly opened 'issue'.  I am getting quite used to carrying out the process for both my account and my wife's.   

And for those of us who don't have the close option it's a secure message to close and transfer. Copy and paste the previous message and tweak the issue and account nos. It can take a few days to be actioned. 
You also have to create a new payee from your nominated account if you are filling up the Sainsburys again. 

fotow

Tandem seem to have been updated but not in the app yet.

allegro120

Sea_Shell said:

Hmmm might have to dip a toe in Chip.

Not used them before.

Easy to set up and use in the app?
Electronic ID verification?


ETA - reviews seem a bit ... marmite 😲

I opened mine in December last year so don't remember the details, but remember it was very quick and easy. 

VNX

fotow said:

Tandem seem to have been updated by not in the app yet.

4.1pc 

lovely

fotow

Can't see the update in the app though. Guess that will change. Pleased with the update

ForumUser7

Tandem 4.10%

GB Bank Raisin 4.00%

Wonder if we could see another rise shortly from Chip to beat Tandem

fletcher1985

ForumUser7 said:

Tandem 4.10%

GB Bank Raisin 4.00%

Wonder if we could see another rise shortly from Chip to beat Tandem

but isnt tandem always with a bonus after 1 year?

10_66

fletcher1985 said:

ForumUser7 said:

Tandem 4.10%

GB Bank Raisin 4.00%

Wonder if we could see another rise shortly from Chip to beat Tandem

but isnt tandem always with a bonus after 1 year?

It does have a 12 month bonus, they say that (like Marcus) they allow you to renew the bonus if available at the time.

throughtheblue

Malchester said:

JimLad said:

I dont understand why you guys bother moving away from chip for such small bumps. We know they are always going to be there or thereabouts

I agree. I have been known in the past to chase rates and open new accounts, or re-fund old ones still open when there is an increase in rates. But have now got fed up with it. Did use chip but don't really like them. To be honest too many problems transferring money. Tried YBS and Coventry BS but their systems are archaic. Have settled with Investec Online Easy Access. Not the top payer but usually not far off, speedy (almost instant) transfers, excellent online platform and good customer service. Now intend to stick with Investec, the interest rate is important but it is not the be all and end all of depositing funds.

I waited 2-3 weeks when Chip dropped from the top of table, but when CovBs came in with 4% I moved as I had accounts with them, so the only admin was moving money about. 
For 0.2%, the admin is now not worth the headache when applying for new accounts, but hopefully between Cov and Chip, I can get the most competitive rates. 

TiVo_Lad

ForumUser7 said:

Tandem 4.10%

GB Bank Raisin 4.00%

Wonder if we could see another rise shortly from Chip to beat Tandem

I get the feeling there's going to be a lot of movement over the next few days, so unlike usual I'm going to let the dust settle a bit before shuffling the accounts once more.