The Top Easy Access Savings Discussion Area

cragside

FYI even though the Tandem website says 'We've paused Instant Saver applications this weekend. Back again Monday!' it still let me create an account. However it's 4.65% and I can't see a button to add the Top Up rate, so maybe that's the part that's paused til Monday.

tg99

Anyone familiar with how Cynergy interest rate cut off times work in practice? Noticed on product sheet for latest easy access issue it says interest calculated based on cleared balance at 7pm. Not sure if that is a recent change as not looked at one of the product sheets for ages. However, looking at my recent account I can see that the accrued interest so far exactly matches what I calculate it to be if deposits received well after 7pm still qualify for interest that day (eg a deposit sent around 11pm has received one more day of interest than a second deposit the following morning). And this tallies with the ‘value date’ on the transaction list which I’ve been told is the date for interest calculation (as opposed to the ‘posting date’).

martinm1

@nic_c
That's the whole point of aer no need to try and work it out, as allows comparisons of different interest payments options.

TisMeBill

caeler said:

georged123 said:

caeler said:

scottishstu said:

KevinG said:

I don't know what's happened with Atom, used to be a really high payer but stuck on 3.95%.

Yes, was hoping to get an interest rate increase notification from them as I really like the app and the speed of transfer to/from my linked account is instant. But so far... Nothing.

I don't really want to leave them, but hard to stay when even the Post Office is offering 0.75% more on Easy Access.

I was keeping my fingers crossed for Atom too but I moved all my money out yesterday to Tandem easy access at 5%. I’ve kept a few quid with Atom and won’t hesitate to move it back if rate improves. 

I have an easy access saver with Atom and a fix that matures in December.

I cleared out my easy access a few weeks ago, I can't justify leaving funds in an account paying under 4% however much I like the platform.

I'd probably fix with them again as long as they are there or there about with the top rates but seems like they've given up on easy access customers.

I’ve got a fix maturing with atom in September, I’ll happily re fix if their 6.05% is still available. 

Unfortunately it's already gone, their 1 and 2 year fixes are now 5.9%

PixelPound

TisMeBill said:

caeler said:

georged123 said:

caeler said:

scottishstu said:

KevinG said:

I don't know what's happened with Atom, used to be a really high payer but stuck on 3.95%.

Yes, was hoping to get an interest rate increase notification from them as I really like the app and the speed of transfer to/from my linked account is instant. But so far... Nothing.

I don't really want to leave them, but hard to stay when even the Post Office is offering 0.75% more on Easy Access.

I was keeping my fingers crossed for Atom too but I moved all my money out yesterday to Tandem easy access at 5%. I’ve kept a few quid with Atom and won’t hesitate to move it back if rate improves. 

I have an easy access saver with Atom and a fix that matures in December.

I cleared out my easy access a few weeks ago, I can't justify leaving funds in an account paying under 4% however much I like the platform.

I'd probably fix with them again as long as they are there or there about with the top rates but seems like they've given up on easy access customers.

I’ve got a fix maturing with atom in September, I’ll happily re fix if their 6.05% is still available. 

Unfortunately it's already gone, their 1 and 2 year fixes are now 5.9%

Beehive's 6.10% 1 year has also gone

Bridlington1

Just a reminder the new Skipton rates come into effect today. Among them Skipton Bonus Saver Issue 8 now pays 4.6%.

EDIT:
Also the new Coventry rates have come into effect today. Notably the Four Access Savers (NLA) now pay 4.8%.

Burcot

Waiting to see what happens at Tandem.  If they will hold or reduce their rate? 

jaypers

Burcot said:

Waiting to see what happens at Tandem.  If they will hold or reduce their rate? 

Can’t see anything changing. They are still advertising 5% and I suspect the weekend was for some sort of maintenance following what I am sure were a lot of new accounts. 

BestSeagull

Having survived my first app only experience with Tandem, I'm considering opening a Monument account. 
I've been reading the t&c and they reserve the right to close the account if the balance falls below £25k.

I've not been following them at all.  Are they generally towards the top of the tables so that you'd want to keep at least that amount in? If not, does a lot of account closing and re-opening happen in practice? Anything else to be aware of?

 I'm waiting to get through on the phone but it's taking an age...

martinm1

jaypers said:

Burcot said:

Waiting to see what happens at Tandem.  If they will hold or reduce their rate? 

Can’t see anything changing. They are still advertising 5% and I suspect the weekend was for some sort of maintenance following what I am sure were a lot of new accounts. 

Tandem have to give 30 days notice to reduce the rate.  The're still not open though!  I wonder if they are unable to cope with all the funds they now have!