The Top Easy Access Savings Discussion Area

Cosmic_Life

Freebird53 said:

If I opened a Leeds BS savings account at 5.1% now, would the interest accrued by taxable this financial year...or next?

Interest is taxable for the year its credited to the account AND accessible by you

janusd

flaneurs_lobster said:

Freebird53 said:

If I opened a Leeds BS savings account at 5.1% now, would the interest accrued by taxable this financial year...or next?

Depends on which tax year the interest is paid.

I would say next year because the interest isn't paid until maturity in December 2024.

Freebird53

Thankyou for the replies.

I assume I could also close the account on the 7th April 2024, collect the interest, and put it in an ISA?

ircE

A case of some things change and others stay the same since last month's state of play.

Reminder: True EA accounts are those that fulfil soulsaver's criteria, have no minimum deposits/balances and allow unlimited withdrawals. True Instant EA accounts are those True EA accounts that also advertise immediate deposits and withdrawals 24/7.

Observations: not as many this month as the churn in the first table wasn't reflected in the other tables, I suspect reflecting the non-movement in BR this month. Still, Tandem has once again risen to the top, as some forumites suspected they haemorrhaged funds to Santander Group - although cahoot remains in contention, as does Chip to a lesser extent. Besides Atom's and Gatehouse's return to the scorecard the only other interesting development seems to be the Goldman Sachs-Zopa rivalry taking them both up the ranks, perhaps something to watch.

SaveTheEuro

Leeds BS 5.10% £1k min Limited Issue Online Access Account (Issue 50) is no longer available. 

TiVo_Lad

Phew. Just managed to grab that yesterday afternoon!

SeriousHoax

Chip has updated its app, and you can now create a six digit login pin instead of the four.

Freebird53

If Coventry don't respond soon, I may open a Leeds account.

poppystar

SaveTheEuro said:

Leeds BS 5.10% £1k min Limited Issue Online Access Account (Issue 50) is no longer available. 

It’s still there when I just went in to see if they’d actioned my secure message to upgrade from issue49. Is this advance warning of something later today? If so I hope they process the upgrade before any deadline 🤞

janusd

poppystar said:

SaveTheEuro said:

Leeds BS 5.10% £1k min Limited Issue Online Access Account (Issue 50) is no longer available. 

It’s still there when I just went in to see if they’d actioned my secure message to upgrade from issue49. Is this advance warning of something later today? If so I hope they process the upgrade before any deadline 🤞

it was showing as pulled when the above was posted by @SaveTheEuro because I checked the link from Moneyfacts to Leeds BS and it said that it was no longer available - and it wasn't showing in their list of accounts... but checking just now, it's back and available again.