The Top Easy Access Savings Discussion Area

10_66

Thumbs_Up said:

pokemaster said:

Thumbs_Up said:

friolento said:

Is there an advantage having £500 in the direct saver? I only have £1 in mine

I had to log in and check, it’s actually a Income bond @ 3.65%  and a minimum £500 to keep open which I will now close thanks to your prompt.  

Quick thing, I've never had £500 in mine, just wondering where it told you you had to keep that amount in, don't want mine being closed down.

I must be suffering from heatstroke because I need the account open to get my whoopee-doo Halifax fiver.

 If you mean what I think you mean, then you can do the same with the Direct Saver.  I too had kept my Income Bond going, with the required minimum of £500, but closed this yesterday and replaced it with the Direct Saver, min £1.  Unless, I'm also suffering from heatstroke and have done the wrong thing.

Thumbs_Up

10_66 said:

Thumbs_Up said:

pokemaster said:

Thumbs_Up said:

friolento said:

Is there an advantage having £500 in the direct saver? I only have £1 in mine

I had to log in and check, it’s actually a Income bond @ 3.65%  and a minimum £500 to keep open which I will now close thanks to your prompt.  

Quick thing, I've never had £500 in mine, just wondering where it told you you had to keep that amount in, don't want mine being closed down.

I must be suffering from heatstroke because I need the account open to get my whoopee-doo Halifax fiver.

 If you mean what I think you mean, then you can do the same with the Direct Saver.  I too had kept my Income Bond going, with the required minimum of £500, but closed this yesterday and replaced it with the Direct Saver, min £1.  Unless, I'm also suffering from heatstroke and have done the wrong thing.

Fair play to this forum and the hive of collected minds. Sometimes I just can’t see the wood for the trees, maybe is it lack of critical thinking or apathy on my part.

Anyway thanks for that, it is now on my to do list for Monday morning.

pokemaster

Thumbs_Up said:

10_66 said:

Thumbs_Up said:

pokemaster said:

Thumbs_Up said:

friolento said:

Is there an advantage having £500 in the direct saver? I only have £1 in mine

I had to log in and check, it’s actually a Income bond @ 3.65%  and a minimum £500 to keep open which I will now close thanks to your prompt.  

Quick thing, I've never had £500 in mine, just wondering where it told you you had to keep that amount in, don't want mine being closed down.

I must be suffering from heatstroke because I need the account open to get my whoopee-doo Halifax fiver.

 If you mean what I think you mean, then you can do the same with the Direct Saver.  I too had kept my Income Bond going, with the required minimum of £500, but closed this yesterday and replaced it with the Direct Saver, min £1.  Unless, I'm also suffering from heatstroke and have done the wrong thing.

Fair play to this forum and the hive of collected minds. Sometimes I just can’t see the wood for the trees, maybe is it lack of critical thinking or apathy on my part.

Anyway thanks for that, it is now on my to do list for Monday morning.

I didn't see that you have said it was an "income bond" and was looking all through the "direct saver" information for the £500 minimum lol.... Yeah direct saver is great you can even put in £1.01 for the Natwest/RBS round ups, if you have those accounts too

Zerforax

Those using easy access accounts. Do you also use monthly saving account (or even several accounts)?

KevinG

Zerforax said:

Those using easy access accounts. Do you also use monthly saving account (or even several accounts)?

I've got First Direct's 7% account at £300 per month which matures in 2 months, that's the only one.

allegro120

Zerforax said:

Those using easy access accounts. Do you also use monthly saving account (or even several accounts)?

Yes, I use monthly saving accounts that pay better interest rates than easy access. I feed monthly savers from easy access.

Bazzalona13295

KevinG said:

Zerforax said:

Those using easy access accounts. Do you also use monthly saving account (or even several accounts)?

I've got First Direct's 7% account at £300 per month which matures in 2 months, that's the only one.

Yes, I have a few higher rated monthly savers and try to keep as much as possible in the easy access accounts before feeding the savers.

Malchester

Zerforax said:

Those using easy access accounts. Do you also use monthly saving account (or even several accounts)?

No. For the difference in interest gained, it is not worth it, in my view, in comparison to the effort required to keep on top of them. £300 a month into a 7% regular saver gives approx £219 interest (av £1800 at 7% plus £1800 at 5.2% - in Santander easy access) whereas the whole amount (£3600) in Santander 5.2% gives approx £187. Most RS are less that 7% making the difference in interest less.

cheesemason

Ford Money rising to 4.95% from Friday as per their Twitter

ColdIron

Zerforax said:

Those using easy access accounts. Do you also use monthly saving account (or even several accounts)?

Of course, God gave you two good hands to take as much interest as you can

It's surprising how much they all add up, several hundred pounds for me