The Top Easy Access Savings Discussion Area

wiseonesomeofthetime

Bigwheels1111 said:

MichaelAP said:

With Chip; what happens when your linked bank is approaching the end of its connection. In other words, to maintain connection what must be done?

I will let you know in a few days when mine ends.

Did not make any difference with Tandem.

Mine expires soon too.

As I fund using Faster Payment bank transfer (not Open Banking) and as I withdraw to debit card number, I do not see the necessity to renew the OB connection, although Chip intimate that I will not be able to conduct transactions if I do not.

Let me know how your's goes please. Mine expires in 8 days

Futuristic

You don't need to renew open banking with Chip unless you try to depoisit/withdraw. I certainly have left it expired for months without any issues. 

wiseonesomeofthetime

13zero8 said:

It's a slow afternoon so I decided to count how many easy access savings accounts I have......

26 at the moment. 

Out of interest, how many do you lot have?

I try to close ones that I obviously won't use anymore as the rates are stupidly low. But even doing that I'm still left with loads, most with about in a quid in them, with rates around the low 4s.

33

Bridlington1

25_Years_On said:

Bridlington1 said:

@soulsaver
Secure Trust Bank Access Account now pays 4.45%.

I see this a new issue - version 8 so all the version 7 holders need to open a new account I guess.

According to their website issue 7 went up to 4.45% as of today so those who hold Issue 7 shouldn't have to do anything. 

Bridlington1

13zero8 said:

It's a slow afternoon so I decided to count how many easy access savings accounts I have......

26 at the moment. 

Out of interest, how many do you lot have?

I try to close ones that I obviously won't use anymore as the rates are stupidly low. But even doing that I'm still left with loads, most with about in a quid in them, with rates around the low 4s.

At last count I had 95, though I've opened some more since then. This does however include accounts that are open solely for DD purposes along with several others that are only open to become eligible for loyalty products later down the line to be fair.

EDIT: Misread the post, I'd somehow missed out the easy access part. The above total is the total number of savings accounts I have of any kind. I only had 64 EA accounts at the last count so apologies for that.

25_Years_On

Bridlington1 said:

According to their website issue 7 went up to 4.45% as of today so those who hold Issue 7 shouldn't have to do anything.

Thanks for pointing this out. When I looked at my account it still had the old rate showing but now it has changed.

chris_the_bee

Kent Reliance:-
"The rate on your Easy Access Account will increase to 4.25% AER* on 21 July 2023."
From email.

Hattie627

I know we are not allowed chat on the easy access "no chat" thread, so posting question here. 

I have just noticed that Chip is now appearing in the chart list, at the top at the moment. I'm not sure when this changed, but for a good while Chip wasn't included in the list but referred to separately.

I was wondering if something has changed with the Chip t and c's, or maybe something else, to make Chip less risky and now acceptable to be included in the mainstream?

Hattie627

The shine is slowly coming off the Barclays Rainy Day Saver. It has remained at 5.12% AER (paid monthly) on up to £5000 since October 2022. Other instant/easy access accounts are now quickly approaching this rate.

I'm wondering if Barclays are going to let its RDS wither on the vine. It's long overdue an interest rate uplift to keep the shine on it.

It's a palaver keeping the Blue Rewards thing going (2 monthly direct debits from Barclays current account just to earn the £5 reward to offset the monthly account fee of £5) to earn the privilege of having the RDS. Fine when the RDS offered a well-above-average rate, not so fine now.

Nick_C

@Hattie627
Chip increased from 4.26% to 4.51% yesterday.