The Top Easy Access Savings Discussion Area

Zaul22

I expected a bit better than that from Oxbury. Maybe they will go up again in a week or 2.

allegro120

SeriousHoax said:

When it comes to monthly or annual interest, do most people go for monthly.

I always go for monthly. 

subjecttocontract

.....and i never go for monthly.

BooJewels

I'm monthly too - and for fixes and ISAs, I prefer to have it paid away, so I can choose what to do with it. EA I tend to keep in the same account.  Some I further pay into a regular saver.

I prefer this as it gives me control over it, choice and suits my personal circumstances. 

PixelPound

With all this switching - are you ever going to leave your money in an easy access for anywhere near a year?

chris_the_bee

Bridlington1 said:

@soulsaver
Kent Reliance EA Issue 62 now pays 4.53% (£1k min).

Annoyingly, previous issues are not having their interest rates automatically upgraded. You need to open a new issue 62, then transfer funds from your old issue to the new one.

pecunianonolet

Wheres_My_Cashback said:

SeriousHoax said:

Wheres_My_Cashback said:

Cynergy 4.55% (Issue 64)

https://www.cynergybank.co.uk/personal/online-easy-access-account/online-easy-access-account/

I've just this minute got the new rate with the fast track.

I timed mine from logging in, using Fast track to apply and then transferring/closing from old to new.

Total of 156 seconds.....and people here moan that it's a faff/difficult !

Opened a few hours ago. Received an email, account still not opened online when I just checked. Same with OH, will probably stop bothering and close the account as this practise is getting annoying. Got 7 closed accounts by now and they change the account no every time too.

AndyTh_2

Zaul22 said:

I expected a bit better than that from Oxbury. Maybe they will go up again in a week or 2.

what do you mean? They did increase their saving account rate yesterday to 4.55% https://www.oxbury.com/personal-easy-access-account-eap001

2010

The providers should be reacting to BoE increases within hours/days not up to five weeks later.

If it was decreases it would be a different matter, I`m sure.

jaypers

So at present I’ve focussed my Easy Access holding in Charter and Investec, the latter as I like to have funds that can be accessed immediately into my current account if needed. Really can’t be fussed opening any more accounts, already having Atom, Marcus and Chase emptied out. Had a bit of a laddering system going with fixed rate accounts that I’ve put on ice for a couple of months. Envisage the easy access rates nudging up towards 5% now, with fixed rate accounts not doing very much now, and maybe even easing off a bit towards the end of the year. As inflation starts to fall, suspect much of the conversation across this forum will start to focus on best methodology for hanging onto the best rates for as long as possible, although can’t ever see the interest rate getting anywhere as near to the lows of the last 10 years or so.