The Top Easy Access Savings Discussion Area

Steve_xx

Amy77 wrote: »

Guys can you please advise me...

I currently have £2k in my ING savings account...and well i've seen that their current rates...from next month its only 3.72 NET PA.

So basically im lookin for the best place...where i can keep £2k-£3k just gettin as much interest as possible, and be able to access it quickly (transfer to current account) if needed.

I dont have an ISA or anything like that.

Thanks

You should always make full use of your ISA allowance first.

Northern Rock Fixed Rate e-ISA Issue 16 - a fixed rate for 1 year at 3.20%.

Lloyds TSB 2 Year Fixed Rate Cash ISA - a fixed rate for 2 years at 3.60%

Halifax ISA Direct Reward - An easy access ISA paying 3.00%

Note that for the first two above that you have to leave your money deposited for either one or two years.

If your ING account is earning you 3.72% nett, then that's pretty good for ING. I think you ought to check that figure as I reckon it looks rather high for an ING account.

[Deleted User]

Amy77 wrote: »

Guys can you please advise me...

I currently have £2k in my ING savings account...and well i've seen that their current rates...from next month its only 3.72 NET PA.

So basically im lookin for the best place...where i can keep £2k-£3k just gettin as much interest as possible, and be able to access it quickly (transfer to current account) if needed.

I dont have an ISA or anything like that.

Thanks

ING do not give 3.72% NET on any instant access account they disclose on the Web.

Martin indicates 3.1% GROSS as 'best savings account'

If you know how we can get 3.72% NET then please tell all of us.

[Deleted User]

Steve_xx wrote: »

You should always make full use of your ISA allowance first.

Northern Rock Fixed Rate e-ISA Issue 16 - a fixed rate for 1 year at 3.20%.

Lloyds TSB 2 Year Fixed Rate Cash ISA - a fixed rate for 2 years at 3.60%

Halifax ISA Direct Reward - An easy access ISA paying 3.00%

Note that for the first two above that you have to leave your money deposited for either one or two years.

If your ING account is earning you 3.72% nett, then that's pretty good for ING. I think you ought to check that figure as I reckon it looks rather high for an ING account.

"This thread is specifically to discuss the Instant Access Savings articleWhich includes the new free Savings Calculator tool."
When somebody asks for advice on Instant Access please keep to the topic. 2 out of 3 of your suggestions are off-topic.

Steve_xx

Deleted_User wrote: »

"This thread is specifically to discuss the Instant Access Savings articleWhich includes the new free Savings Calculator tool."
When somebody asks for advice on Instant Access please keep to the topic. 2 out of 3 of your suggestions are off-topic.

If you can't handle a bit of diversity, then I suggest you go elsewhere.

How odd that you chose to have a whinge at my post, yet have chosen to make no reference to post number 1707 for its topic related credentials.

Mr._H_2

Steve_xx wrote: »

If you can't handle a bit of diversity, then I suggest you go elsewhere.

How odd that you chose to have a whinge at my post, yet have chosen to make no reference to post number 1707 for its topic related credentials.

One would hope that people are pressing the "Spam" button for what is currently post number 1707, posted by "fastdeeds".

I think Silver Wanderer framed his request to you poorly. Amy77 came asking about instant-access savings accounts but since she mentioned not having an ISA it seems reasonable to suggest she get one. A link to the ISAs sub forum would also help:

ISA sub-forum.

However, she did specifically say she wanted instant access yet you recommended a pair of fixed-term accounts. How does that help?

I hope Amy77 comes back as I'm intrigued by this alleged 3.72% ING account.

Steve_xx

Mr._H wrote: »

However, she did specifically say she wanted instant access yet you recommended a pair of fixed-term accounts. How does that help.

Yes, you're right. I missed the fact that she required only instant access accounts. Therefore you are correct, in part at least, and I made an error, in part. I'll go and hang myself now, such is the gravity of the offence of error!

rob_2512

rob_2512 wrote: »

It's not easy to compare the best savings accounts against the list in the Faster Payments thread. Looking at the bank websites, it would appear that neither the Post Office nor Santander do (the two top accounts with unrestricted withdrawals).

Perhaps the site could include whether accounts use Faster Payments and/or include the best Faster Payments account as a separate category?

Can anyone advise the best rate for an account that does pay and accept Faster Payments?

I currently get 2.6% on Ulsterbank Pathway, which does Faster Payments very nicely, but this requires a minimum of £10k and I would like more flexibility.

(I am also getting 2.8% on an ING deal, that receives Faster Payments but does not send them.)

Is there anything better than these?

Steve_xx

rob_2512 wrote: »

Can anyone advise the best rate for an account that does pay and accept Faster Payments?

I currently get 2.6% on Ulsterbank Pathway, which does Faster Payments very nicely, but this requires a minimum of £10k and I would like more flexibility.

(I am also getting 2.8% on an ING deal, that receives Faster Payments but does not send them.)

Is there anything better than these?

Faster payments seem to be a little restricted to the current account domain. Even then there is a vast variance of daily limits of transactions outbound.

You may be interested in the latest instant access 3.11% account,
Derbyshire NetSaver (Issue 1)

by Derbyshire Building Soc. See here:

http://www.thederbyshire.co.uk/Savings_Portfolio.aspx?id=3491

G_M

Steve_xx wrote: »

Faster payments seem to be a little restricted to the current account domain. Even then there is a vast variance of daily limits of transactions outbound.

You may be interested in the latest instant access 3.11% account,
Derbyshire NetSaver (Issue 1)

Though this does not support Faster Payments.

Tesco savings have FP both in and out. Used to be very reliable though the recent switch to in-house management of the account by the new 'Tesco Bank' was a fiasco with many accounts frozen for several weeks. Hopefully they'll eventually iron out the problems.....

NatWest e-savings also FP in/out - rates vary but they have periodic special deals (though read the small print carefully!)

sean_keates

I am a UK Taxpayer, but live in Belgium working for NATO.

I have monies that I would like to Invest or put into Savings Accounts in the UK but continue to be told that I am unable to open accounts because I do not have a UK address.

Can anyone help me or advise me on a Savings Co that will allow me to open an online account.

Sean Keates