The Top Easy Access Savings Discussion Area

cadguy77

Eirambler said:

What are Secure Trust like in terms of speed of deposits/withdrawals? Also what happens if you take your balance below £1,000 - is it just that no interest is paid or do they close the account completely?

It seems like pretty much all the other easy access accounts paying over 4.2% seem to have catches at the moment - either slow deposits/withdrawals, limited access or no monthly interest option. 

Ref balance below £1000, I tried and it wasn't possible without closing the account

ForumUser7

ircE said:

The forum will go down temporarily, we are told, at 2pm next Tuesday ahead of an upgrade. I'll be on holiday at the time (and hopefully not thinking about interest rates...) but do we have a contingency in case something goes wrong?

Where have you seen that?

EDIT: Nevermind, it is literally a banner at the top of the screen - perhaps I should spend the time chasing rates at the opticians instead!

Bridlington1

ForumUser7 said:

ircE said:

The forum will go down temporarily, we are told, at 2pm next Tuesday ahead of an upgrade. I'll be on holiday at the time (and hopefully not thinking about interest rates...) but do we have a contingency in case something goes wrong?

Where have you seen that?

https://forums.moneysavingexpert.com/discussion/6458292/the-forum-is-getting-a-new-look/p1

2010

aaj123 said:

Any decent tracker out there at the moment? I missed the recent BR-0.7% and only have the Skipton BR-1.1%.

Also, does Chase at 3.8% remain the highest paying 'proper account' that is truly instant access?

No Marcus is instant and increased rates today to 4%.

SonOfPearl

aaj123 said:

Any decent tracker out there at the moment? I missed the recent BR-0.7% and only have the Skipton BR-1.1%.

Also, does Chase at 3.8% remain the highest paying 'proper account' that is truly instant access?

Tesco Internet Saver is 4% and transfers out to my current account arrive instantly (within seconds).

Nick_C

aaj123 said:

...

Also, does Chase at 3.8% remain the highest paying 'proper account' that is truly instant access?

Kroo is 4.1%

If you haven't already opened a Kroo account, go via Top Cashback and get a free £15

allegro120

aaj123 said:

Any decent tracker out there at the moment? I missed the recent BR-0.7% and only have the Skipton BR-1.1%.

Also, does Chase at 3.8% remain the highest paying 'proper account' that is truly instant access?

Kroo pays 4.1%.

housebuyer143

Eirambler said:

Absolutely, it will only be a relatively small number of people that shift their savings around like this, most people will just have their few thousand of savings in the Nationwide or Nat West at 1% (if even that) and will have never heard or Shawbrook or Tandem etc.

I have a friend with £200k in the bank from a house sale. It's in her current account earning no interest and she also hasn't split it between banks for the protection...

Her response being it's too hard to move it. 

BooJewels

@housebuyer143  A few years ago when we came into some funds and went into the bank to make some changes and pay off the mortgage, the lady we saw advised to put everything except what you immediately needed into a savings account, just so that if your debit card was stolen or skimmed, the thief would be limited in how much they could steal from you.  So I've done it that way ever since - treat my bank savings account as the supply tank to my current account.  With the phone apps these days you can move it in seconds.  A thief wouldn't do very well from me.  So regardless of the interest lost, it's a major security risk for her.

aaj123

BooJewels said:

@housebuyer143  A few years ago when we came into some funds and went into the bank to make some changes and pay off the mortgage, the lady we saw advised to put everything except what you immediately needed into a savings account, just so that if your debit card was stolen or skimmed, the thief would be limited in how much they could steal from you.  So I've done it that way ever since - treat my bank savings account as the supply tank to my current account.  With the phone apps these days you can move it in seconds.  A thief wouldn't do very well from me.  So regardless of the interest lost, it's a major security risk for her.

How does a debit card allow large amounts to be stolen? They have fairly small cash withdrawal limits.