The Top Easy Access Savings Discussion Area

Sg28

Babystep7 said:

Thanks everyone for the replies. The zopa account looks good, based on the fact its app only, so focusing on that platform solely for the functionality. Also the fact it has pots you can separate into, I know my wife will like that feature. 

So just to confirm, the zopa easy access pays and compounds interest monthly? I couldn't see that it stated monthly interest on their website.

Thanks again.

Rich

Yes zopa is monthly. Im a big fan of Zopa and would happily go back to them if they upped their rates a bit.

ColdIron

Hard to miss

https://www.zopa.com/smart-saver

TwiceNightly

Hi all, I know that direct debits have probably been discussed a thousand times already but I just have a quick question - does a National Lottery recurring game direct debit, say Euromillions at £2.50 per week, count as 4 direct debits with Barclays or still just the one?

Thanks

Bridlington1

TwiceNightly said:

Hi all, I know that direct debits have probably been discussed a thousand times already but I just have a quick question - does a National Lottery recurring game direct debit, say Euromillions at £2.50 per week, count as 4 direct debits with Barclays or still just the one?

Thanks

A lottery DD going out 4 times in a single month would count as 4 DDs as far as Barclays blue rewards is concerned. 

A list of DD ideas can be found on this thread:
https://forums.moneysavingexpert.com/discussion/6445857/savings-investment-dds-and-debit-card-deposits-an-updated-list/p1

flaneurs_lobster

TwiceNightly said:

Hi all, I know that direct debits have probably been discussed a thousand times already but I just have a quick question - does a National Lottery recurring game direct debit, say Euromillions at £2.50 per week, count as 4 direct debits with Barclays or still just the one?

Thanks

It's one monthly DD, National Lottery debit 4 or 5 weeks' worth of ticket money in advance then 'buy' a ticket weekly from the credit.

flobbalobbalob

Babystep7 said:

Hi all, I've had a look at the easy access best buys and can't see 1 that fits our requirements. Can anyone else advise? It doesn't have to be market leading interest rate, but >4% would be ideal. The criteria is, it has to managed via app, interest paid monthly and a low minimum pay in (£1000). We already have a Tandem easy access for personal savings, but ideally wanted somewhere to put money for my Wife's tax bill due every year from her self employment. We did open an account from oxbury but then it said this was unable to be managed via the app of on android device...

 Hope that makes sense.

Thanks

Rich

Don't think anyone's mentioned Skipton BS.

janusd

flobbalobbalob said:

Babystep7 said:

Hi all, I've had a look at the easy access best buys and can't see 1 that fits our requirements. Can anyone else advise? It doesn't have to be market leading interest rate, but >4% would be ideal. The criteria is, it has to managed via app, interest paid monthly and a low minimum pay in (£1000). We already have a Tandem easy access for personal savings, but ideally wanted somewhere to put money for my Wife's tax bill due every year from her self employment. We did open an account from oxbury but then it said this was unable to be managed via the app of on android device...

 Hope that makes sense.

Thanks

Rich

Don't think anyone's mentioned Skipton BS.

probably because their 4%+ accounts pay the interest annually - I think their tracker paid monthly, but that's NLA.

friolento

CAHOOT SIMPLE SAVER 4.9%, min £1, max £2m, FSCS shared with Santander. For UK residents 16 and over.

They have eventually sent me my login details, needed to chase them for it. Alas, there is no app. The online banking looks like a budget version of Santander online banking - basic but functional. Deposits from Santander are instant, as are withdrawals to Santander. I have not tried it with other banks but would guess it's pretty much instant from/to them as well, subject to any fraud checks.

You can schedule payments for a future date but there are no SOs, or DDs.

Can also be operated by phone. No Branch service. A bit slow to open if you aren't a Choot customer yet.

Nice account for those who missed the Tandem train. Not sure why it was removed from the No Chat thread?

Bridlington1

@soulsaver
Beehive Bonus Saver now 4.9%(£1k min).

janusd

lcooper said:

CAHOOT SIMPLE SAVER 4.9%, min £1, max £2m, FSCS shared with Santander. For UK residents 16 and over.

wow - I wasn't really expecting them to move from 4.6%... been happily using this since launch

lcooper said:

They have eventually sent me my login details, needed to chase them for it. Alas, there is no app.

they've been promising an app for years - literally years... they updated their login process last month and it's now very similar to Santander's... so perhaps that will make an app easier at some point.

lcooper said:

Can also be operated by phone. No Branch service. A bit slow to open if you aren't a Cahoot customer yet.

but opened instantly if you're an existing customer - though you'd probably have to ensure that you use the same details as your existing account as weirdly you cannot open the account when logged in, you need to apply from the main site.