The Top Easy Access Savings Discussion Area

SJMALBA

I opened my Nationwide FlexDirect account 28.6.22 - is today the day that the 5% drops to 0.25%, so time to empty?

wiseonesomeofthetime

SJMALBA said:

I opened my Nationwide FlexDirect account 28.6.22 - is today the day that the 5% drops to 0.25%, so time to empty?

As it's only 5% for 12 months, and 12 months has passed, the answer would be YES

london21

The rates constantly changing opened 2 accounts yesterday Chip and tandem paying 4.21% and 4.1%. can’t be bothered to open another account with Newcastle BS to get 4.3%. just sent back the source of wealth requirements for Chip today. How do people keep up wih the constant change. Was previously using Santander esaver offering 3.2%

Yellowman

london21 said:

The rates constantly changing opened 2 accounts yesterday Chip and tandem paying 4.21% and 4.1%. can’t be bothered to open another account to get 4.3%. just sent back the source of wealth requirements for Chip today. How do people keep up wih the constant change. Was previously using Santander esaver offering 3.2%

Once you have opened a range of easy-access savings accounts and kept unused ones open with a £1 holding deposit in each, hopping from one account to another becomes so much easier.

Fatherjacob

Futuristic said:

For those big savings (£85k or more) could just go with Virgin money private which has -0.25% below base rate with £25/m fee still would end up with more then NBS. https://uk.virginmoney.com/private/savings/private-savings-account/

Is this an easy access ? if so it should be the go to for most people .
Im considering the fixed term option for my savings ,but still cant bring myself to tying up large sums for 1 year. 
If this Virgin account is correct ,im all over it

Aidanmc

My first deposit to Newcastle BS  tracker acc arrived in about 15mins. I made a second deposit and still not showing 4hrs later.

Both deposits using account number as the reference

crumpet_man

Fatherjacob said:

Futuristic said:

For those big savings (£85k or more) could just go with Virgin money private which has -0.25% below base rate with £25/m fee still would end up with more then NBS. https://uk.virginmoney.com/private/savings/private-savings-account/

Is this an easy access ? if so it should be the go to for most people .
Im considering the fixed term option for my savings ,but still cant bring myself to tying up large sums for 1 year. 
If this Virgin account is correct ,im all over it

You need a virgin money private banking account which has a £25 per month fee.  Then you need more than approx £56k in the savings account to outweigh the monthly fee.

Steve_xx

Aidanmc said:

My first deposit to Newcastle BS  tracker acc arrived in about 15mins. I made a second deposit and still not showing 4hrs later.

Both deposits using account number as the reference

At what time was your first deposit sent? It may be that they'll have a cutoff time of say 2pm.

Futuristic

Fatherjacob said:

Futuristic said:

For those big savings (£85k or more) could just go with Virgin money private which has -0.25% below base rate with £25/m fee still would end up with more then NBS. https://uk.virginmoney.com/private/savings/private-savings-account/

Is this an easy access ? if so it should be the go to for most people .
Im considering the fixed term option for my savings ,but still cant bring myself to tying up large sums for 1 year. 
If this Virgin account is correct ,im all over it

Yes but you need high salary/savings/investments with VM to get the private current account first (£25/m): https://uk.virginmoney.com/private/ 

10_66

Aidanmc said:

My first deposit to Newcastle BS  tracker acc arrived in about 15mins. I made a second deposit and still not showing 4hrs later.

Both deposits using account number as the reference

This is from their terms and conditions;