The Top Easy Access Savings Discussion Area

MoneySaver16

Thanks everyone.

Will keep looking - I prefer instant transfers. 

If a mainstream bank would up the rates that would be ideal for me (and as a bonus do away with the single nominated account)

I’ve got an Atom instant access account but was looking to diversify away from there as I’ve got a few fixed products also. Might just have to bite the bullet and use them 

cwep2

patpalloon said:

Question for all - 

Would you leave more than 85k in any one institution?

Yes if it’s a GSIB - e.g. Chase, HSBC, Santander, Citibank. 

Probably if I can pull it within 24hrs for pretty big/clearing banks - e.g. NatWest, Barclays, Goldman (Marcus), Nationwide, VirginMoney. I would keep an eye on the share prices in that case, any drops of 25% in less than a month I pull it. 

Never - pretty much anyone else e.g. Chip, Tandem, Zopa

When I bought a house I had >85k deposit and was very aware that I wanted my current account to be with a GSIB in this case. This wasn’t a house sale so no extra protection. 

I work in banking so feel I have a good sense of what’s going down, more so than average person anyway. I probably also have a different risk tolerance to many. 

But I’d also say regardless of the 85k limit it’s worth having your money in a few places, I have a couple of current accounts and a few different instant access accounts, some have different payment speeds, if one website or card network is down I don’t want to get caught. There would need to be a good reason to keep more than 85k anywhere, but e.g. when Santander had best rate by over 0.25% when they launched their esaver, and when Chase launched a market leading product I wasn’t worried about the 85k in those two specific cases. 

BreakingGlass

Shawbrook rates up:

Easy Access Account Issue 36

AER

4.35%Variable

Gross

4.35% Annually

4.27% Monthly

Pompeydave1967

BreakingGlass said:

Shawbrook rates up:

Easy Access Account Issue 36

AER

4.35%Variable

Gross

4.35% Annually

4.27% Monthly

At last ! Nice jump as well.

BreakingGlass

Pompeydave1967 said:

BreakingGlass said:

Shawbrook rates up:

Easy Access Account Issue 36

AER

4.35%Variable

Gross

4.35% Annually

4.27% Monthly

At last ! Nice jump as well.

Indeed - I only looked because I was about to move money from Shawbrook to Ford!

Easy to change to the new issue also - you just send them a secure message within the website.

Pompeydave1967

I shifted my ££ out from Shawbrook a while back , think it’s worth putting back at this rate.

TiVo_Lad

BreakingGlass said:

Shawbrook rates up:

Easy Access Account Issue 36

AER

4.35%Variable

Gross

4.35% Annually

4.27% Monthly

Closing my issue 35 yesterday was clearly the shove they needed, so.....you're welcome!

wiseonesomeofthetime

Yorkshire Building Society rate increases take effect from today.

Means my leading Easy Access (albeit restricted to 6pa) account is now at 4.50%

NLA - Loyalty 6 Access eSaver

Ooh, and my ISA is now at 5.00% 

BreakingGlass

BreakingGlass said:

Pompeydave1967 said:

BreakingGlass said:

Shawbrook rates up:

Easy Access Account Issue 36

AER

4.35%Variable

Gross

4.35% Annually

4.27% Monthly

At last ! Nice jump as well.

Indeed - I only looked because I was about to move money from Shawbrook to Ford!

Easy to change to the new issue also - you just send them a secure message within the website.

Just for info: It has only taken about 20mins for Shawbrook to respond to my message and change my account from Issue 33 to Issue 36, now showing 4.27% (monthly).  So much easier than the Sainsburys faff!

Pompeydave1967

Just a bit slow with deposits and withdrawals unfortunately but at least a decent rate now.