The Top Easy Access Savings Discussion Area

Bobblehat

MikeJXE said:

I don't have ISAs My pension and savings don't put me in that category. YET

I'm a widower, retired to at 82 years old and like an easy life, no stress no hassle, I drive and go where and when I want do what I want 

I could save £2 a week or maybe more by shopping at different supermarkets, I use Tesco only,  I know exactly where everything I want is, Aldi, M&S, B and M are across the road but I stick to Tesco it's easier 

I Know at 82 there can't be that many years left to run although I'm quite fit, I know if things progress roughly as they are now my funds will get me through and if they don't they don't,  I won't worry about it 

So your main point is that you could gain more than £104 a year by shopping around at different supermarkets, but the effort doesn't seem worth it to you for an easy life? Yet you are happy to make £200 on a CA switch?

If the only gain I made in a year was £104, I might be persuaded to think like you and not bother. Fortunately it isn't the only gain I make during the year ... far from it ... so obviously I do think it's worth my time and effort. In fact if I took your way of thinking, I probably wouldn't bother to read the material on this forum!!

I'm happy that you think differently to me, I hope that you might consider that it's OK for me to be happy with the way I think too! 

S_uk

The two ISA switches I did over the last fortnight were firstly from 4.35% to 4.70%, then switching back to Coventry when they launched their 4.90% ISA the other day. The annual gain in interest isn't insignificant, and it's better in my back pocket than the banks'. And given it's so easy these days to fill in the form online and literally took me a minute each time to type in the account number and sort code, yes it was worth my time, especially as both transfers completed the next day. If it was still like the old days involving cheques and snail mail and a much longer process, it would feel more of a chore. But it's not so it doesn't.

wiseonesomeofthetime

Wheres_My_Cashback said:

wiseonesomeofthetime said:

Cosmic_Life said:

liam_978 said:

I opened the 4.3% Coventry ISA last month and deposited 20,000. Is it possible to transfer it to the new 4.9%?

Just did this takes 5mins, to open and transfer.  Now off to transfer my ISA from YBS who seem to be lagging way behind.  Seems to take a lot longer with external transfers

My YBS ISA is at 5.20% 🤷‍♂️

But only good at that rate up to £20K, then it's 4.70% so anything else and you could transfer it to Coventry at 4.90%.

Only £20k in there 😁

soulsaver

chris_the_bee said:

soulsaver said:

Moves to No.3 in the ranked-by-rate easy access saver list (ToTP) linked in my signature... 

Family BS 5.04% £100min (27/09) Online Saver | Online Savings Account |Family Building Society

This is for Online Saver (6) @ 5.04%.
Online Saver (5) NLA is 5.10% 

As reported 3 weeks ago in the ToTP thread...  https://forums.moneysavingexpert.com/discussion/comment/80277822/#Comment_80277822

The links only bring you to accounts that are available.

pokemaster

Beehive Money Limited Issue Easy Access 5.10%

Min. £1k - Interest Yearly

Source: Money Facts

martinm1

MikeJXE said:

Bobblehat said:

MikeJXE said:

KevinG said:

S_uk said:

Further to my earlier message about logging into Coventry, the issue seems to have been resolved.

Incidentally, I've now transferred my ISA twice in the last two weeks (the most recent one to Coventry) and in both cases the transfer completed the next day, so I'm pleased how quick the process now is. One reason why I'd only pick providers that use the electronic BACS service.

Blimey, one of mine took a month! All that lost interest.

I rarely switch unless it's a big difference in % interest so I would be interested to know how much difference financially all this switching makes ? 

An extra £104 approx for me over the next year, that's the difference between not switching and switching. Assuming I don't switch again, don't withdraw any money and that the old and new ISA's stay at the same rates they are at present. For me it was just worth it!

LOL £2 a week and only if you don't switch again, wouldn't be worth the effort as far as I'm concerned 

I don't switch my savings unless it's a good jump but I do switch current accounts for incentives 

£1,700 soon to be £1,900 in less than a year 

I think an EA switch for £104 is less than half the effort and less impact to your credit score.  So for me EA switching is much better value for money.

t33

It appears the Leeds BS Issue 50 5.10%AER is NLA.  Replaced by Issue 51 at 4.85%AER.

@soulsaver

TiVo_Lad

Also courtesy of MoneyFacts

Hargreaves Lansdown Ratesetter Active Savings - Easy Access @ 5.06% AER

https://www.hl.co.uk/investment-services/active-savings/easy-access-savings

Min £1 and Interest paid Monthly. Note this isn't a straightforward savings account and may not be suitable for all. DYOR.

FYI @soulsaver but this may not qualify for your TOTP List

friolento

pokemaster said:

Beehive Money Limited Issue Easy Access 5.10%

Min. £1k - Interest Yearly

Source: Money Facts

Still waiting to see this one in the app

Update 09:25: It has arrived now.

BlackthornU

friolento said:

pokemaster said:

Beehive Money Limited Issue Easy Access 5.10%

Min. £1k - Interest Yearly

Source: Money Facts

Still waiting to see this one in the app

If you log in as an existing customer, you can open the 5.1% account there (on the website version at least).