The Top Easy Access Savings Discussion Area

BooJewels

aaj123 said:

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. 

By buying expensive luxury goods, like jewellery and watches.  I don't know how they'd get around the PIN etc. but I'm not a thief.

Doctor_Who

aaj123 said:

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. 

I use my debit card to transfer large sums to my stock broker. Admittedly, I am then sent to my online banking app to authorise the transaction. I don't know what the limit is for the extra authorisation step, but small debit card payments don't trigger it. You might get away with £100 to £1000 before the authorisation step is triggered.

frosch411

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. 

my first transfer in was received the next working day @Eirambler 😊

can't comment on the balance query but have seen someone else has picked this up.

aaj123

allegro120 said:

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%.

Is there any con of Kroo at all? Seems like the best of all in terms of having a current account and getting a rate at the higher end.

wmb194

aaj123 said:

allegro120 said:

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%.

Is there any con of Kroo at all? Seems like the best of all in terms of having a current account and getting a rate at the higher end.

In my experience, no. However some people have complained about having incoming deposits and outgoing payments blocked for security checks that take a while to get sorted. There's a separate Kroo thread covering it.

aaj123

wmb194 said:

aaj123 said:

allegro120 said:

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%.

Is there any con of Kroo at all? Seems like the best of all in terms of having a current account and getting a rate at the higher end.

In my experience, no. However some people have complained about having incoming deposits and outgoing payments blocked for security checks that take a while to get sorted. There's a separate Kroo thread covering it.

Another bummer I just realised is that they have no switch service so cannot easily start using the same as my regular current account. There is a massive bunch of standing orders / direct debits etc and no way I can be arsed to transfer those manually.

Ifts

charlie12525 said:

ForumUser7 said:

Nath4n said:

Shawbrook Easy Access now showing as 4.35% on their website. Logging in my Easy Access still shows 3.84% (monthly). Not sure if this is a new access, or if existing accounts will also be uplifted? Apologies if already flagged.

Shawbrook does not always upgrade existing issues - you will need to contact them - unless you just want to move funds and arrange the new issue yourself.

I sent them a secure message and they changed my easy access account to the new issue.
The advantage of doing it this way rather than opening the new account yourself is that the account number remains the same.

Same here, sent them a secure message and it was changed within the hour - and yes it's definitively easier keeping the same account number.

When secure messaging them, they already have the 'Change My Easy Access Issue' in the subject drop down list. 

S_uk

Was hoping Tandem might have increased today.

2010

With all the changes to rates going on all the time now, this chat thread is needed more than ever for the info from everyone.

allegro120

aaj123 said:

allegro120 said:

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%.

Is there any con of Kroo at all? Seems like the best of all in terms of having a current account and getting a rate at the higher end.

No, it is a straight forward app based current account (you get debit card) that pays interest on your balance. I don't use it anymore because the rate is too low for EA, but still keep it opened in case they will become competitive again.