The Top Easy Access Savings Discussion Area

KevinG

oz0707 said:

Savings rates seem to be getting close to the inflation rate now do we think it will flip in the medium term if rates stay high will savings account actually generate a positive return?

Given that interest rates are very unlikely to fall until inflation is approaching the BoE target, then yes, they will.

oz0707

KevinG said:

oz0707 said:

Savings rates seem to be getting close to the inflation rate now do we think it will flip in the medium term if rates stay high will savings account actually generate a positive return?

Given that interest rates are very unlikely to fall until inflation is approaching the BoE target, then yes, they will.

Hopefully claw back some of the losses of the previous few years

SeriousHoax

Thinking of opening ulster Bank loyalty saver 5.20% 

Single account.

I noticed it's got an app which I like nowadays when available.

Has anyone else got this account, and how do you find the app?

Bazzalona13295

soulsaver said:

Planned relegation from the ToTP top Easy Access rankings, see link below post.

First time 5.00% doesn't make the cut.

11 Tandem 5.00% (if 0.35% Top Up is included) App only (14/09) Instant Access Saving Account | Tandem

12 Gatehouse 5.0% epr (18/09) Easy access account | Gatehouse Bank | Gatehouse Bank plc

13 Scottish BS (4 w/ds) 5.00% £100min (18/09) .Scottish BS E-Saver plus .

14 Charter EA Iss46 - 5.00% £5k min (28/09)  Easy Access (chartersavingsbank.co.uk)

Down to a fiver left now in Tandem a/c.
Slid down from 1 to 11 pretty swiftly didn't it.

SaveTheEuro

Bazzalona13295 said:

soulsaver said:

Planned relegation from the ToTP top Easy Access rankings, see link below post.

First time 5.00% doesn't make the cut.

11 Tandem 5.00% (if 0.35% Top Up is included) App only (14/09) Instant Access Saving Account | Tandem

12 Gatehouse 5.0% epr (18/09) Easy access account | Gatehouse Bank | Gatehouse Bank plc

13 Scottish BS (4 w/ds) 5.00% £100min (18/09) .Scottish BS E-Saver plus .

14 Charter EA Iss46 - 5.00% £5k min (28/09)  Easy Access (chartersavingsbank.co.uk)

Down to a fiver left now in Tandem a/c.
Slid down from 1 to 11 pretty swiftly didn't it.

It sure did.  When Tandem hit 5% others, such as Chip, threw in the towel and decided they couldn’t compete. Now Santander, Ulster, Coventry and others are easily beating 5%. Funny old world isn’t it?

SaveTheEuro

SeriousHoax said:

Thinking of opening ulster Bank loyalty saver 5.20% 

Single account.

I noticed it's got an app which I like nowadays when available.

Has anyone else got this account, and how do you find the app?

It’s an odd easy access account this one since you need to maintain a balance of £5,000 at all times to secure 5.2% interest. 

Futuristic

SeriousHoax said:

Thinking of opening ulster Bank loyalty saver 5.20% 

Single account.

I noticed it's got an app which I like nowadays when available.

Has anyone else got this account, and how do you find the app?

It looks like the NatWest app 1:1 so going off that, it's pretty good. 

janusd

SeriousHoax said:

Thinking of opening ulster Bank loyalty saver 5.20% 

Single account.

I noticed it's got an app which I like nowadays when available.

Has anyone else got this account, and how do you find the app?

I applied for it this morning from their site - the account is provisionally opened (it said on the screen), but they will send me an email... they are also sending application forms (for ID I assume) through the post... I would hope as a NatWest customer it would be a formality, but have not received any emails yet.

no point installing the app until I get login details.

SaveTheEuro said:

It’s an odd easy access account this one since you need to maintain a balance of £5,000 at all times to secure 5.2% interest. 

though you can have a zero balance if it becomes uncompetitive.

Bridlington1

I've found Ulster to be the slower relation of Natwest/RBS when it comes to account opening. I opened their current account earlier this year and it took weeks to get fully set up, which included having to sign and send off a paper copy of the online application form I'd already filled in. I was able to verify my ID online though.

Once the account was set up it has run identically to Natwest/RBS.

I opened the Loyalty Saver speculatively with 1p back in July/August and that was opened with the same timescale as opening other Natwest group savings accounts (appeared in the app the next day), as it stands I sent half the contents of my Santander eSaver over to it earlier today.

BlackthornU

SeriousHoax said:

Thinking of opening ulster Bank loyalty saver 5.20% 

Single account.

I noticed it's got an app which I like nowadays when available.

Has anyone else got this account, and how do you find the app?

I opened the account when it was paying 4.9% (at the time, good). Prepare to go back to a slower time of letters taking a week to be sent to you. I also had problems with payment limits. The default is something like £5K but you can increase this by registering for biometrics on the app (selfie photo needed each time to approve, not just fingerprint). 
https://www.ulsterbank.co.uk/banking-with-ulster-bank/how-to/make-payments.html
But when I tried the 'one-off higher value payment' via mobile the payment was blocked - although their fraud team didn't get in touch for 15 hours after they blocked the payment (to another account in my name). Contacting them was difficult - 30 minute wait by phone to talk to customer service then another 30 minutes to talk to the fraud team - but not the fraud team that had blocked the payment and only this other fraud team could deal with it (long story).......(complaint filed and they sent an acknowledgement of the complaint a week ago, but no other response since).
I got the feeling they were understaffed and am surprised they try to attract new customers when they don't seem to cope with those they have.
But YMMV.
Good Luck if you sign up to them.