The Top Easy Access Savings Discussion Area

allegro120

Rollinghome said:

pecunianonolet said:

cloud_dog said:

Bridlington1 said:

@soulsaver
Shawbrook EA Issue 36 now 5.02% (£1k min).

I really like Shawbrook, but sometimes I wish they'd stop feking about with piddle rises!

Same here but more annoyed that you always miss out on one day of interest when you withdraw with this account, hence why I never opened one and only have an ISA with them.

Does Shawbrook do neither, and is it made clear in their terms?  If so, how can they give a correct AER projection if paying a day short?

Can't do this for accounts that have no end dates - if you don't withdraw in 12 months the AER projection won't be affected.

2010

BoE 50/50% tomorrow.

Depending on what happens, we might start to see some savings rate reductions.

gwapenut

soulsaver said:

gwapenut said:

How soon after funding Kent Reliance with the minimum opening balance of £1000 can the amount in the account dropped to the minimum operating balance of £1 ?

As soon as you're happy with 0.1%...

I'm pretty sure I can cope with earning no interest on £1. I'm just keen not to break the terms of the account. I was thinking of leaving it in until the 7 day funding deadline has ended to be safe

soulsaver

gwapenut said:

soulsaver said:

gwapenut said:

How soon after funding Kent Reliance with the minimum opening balance of £1000 can the amount in the account dropped to the minimum operating balance of £1 ?

As soon as you're happy with 0.1%...

I'm pretty sure I can cope with earning no interest on £1. I'm just keen not to break the terms of the account. I was thinking of leaving it in until the 7 day funding deadline has ended to be safe

Well if that helps you to sleep easy, do that... but the terms are quiet on the subject other than the £1k min opening.

pokemaster

Leeds BS Limited Issue Online Access Account (Issue 50) -

£1k minimum

 5.10% - interest paid on 1.12.24 (when account will be changed) 

@soulsaver

masonic

StayinAlive said:

Re Tandem Instant Access, I just tried to send them 8k through Open Banking from Lloyds and it failed due to above the daily limit. I then tried 5K was went through OK.

According to True Layer's web site, the limit through Lloyds is £99,999 and Lloyds own limit is £25,000.

Any ideas why there was a problem?

TIA

As others have suggested, it's Lloyds' open banking transfer limit. With Tandem you can just send via Faster Payment and can use the payee previously set up via Open Banking.

Chadsman

soulsaver said:

gwapenut said:

How soon after funding Kent Reliance with the minimum opening balance of £1000 can the amount in the account dropped to the minimum operating balance of £1 ?

As soon as you're happy with 0.1%...

Why open a savings account paying 0.1% interest? What am I missing here?

Bridlington1

Chadsman said:

soulsaver said:

gwapenut said:

How soon after funding Kent Reliance with the minimum opening balance of £1000 can the amount in the account dropped to the minimum operating balance of £1 ?

As soon as you're happy with 0.1%...

Why open a savings account paying 0.1% interest? What am I missing here?

Kent Reliance have a habit of sometimes paying more on NLA EA accounts than their currently available versions. The account only pays 0.1% if the balance is below £1k, if it is £1k+ it pays 5.01% interest. If Kent Reliance increase the rate of the EA account once it is NLA to being higher than is available elsewhere you can top the balance up to £1k and benefit from it.

Bridlington1

@soulsaver
Secure Trust Access Account Issue 9 now 5.03% (£1k min).

SaveTheEuro

pokemaster said:

Leeds BS Limited Issue Online Access Account (Issue 50) -

£1k minimum

 5.10% - interest paid on 1.12.24 (when account will be changed) 

@soulsaver

Who else is waiting until noon before deciding on whether or not to open this account? It may not be worth it if the Bank of England decides on a rate rise, leading other institutions to leapfrog Leeds.