The Top Easy Access Savings Discussion Area

ColdIron

oz0707 said:

Yes I tried the existing payee option but it only showed my external account.

So does mine, but when I scroll down all my other accounts in the list become visible

Janie2008

ColdIron said:

oz0707 said:

Yes I tried the existing payee option but it only showed my external account.

So does mine, but when I scroll down all my other accounts in the list become visible

Thanks never saw that. Have been going through the new payee option.

oz0707

Thanks for the help it was there below! I didn't realise I could scroll further. I have closed the account and transferred to triple access

PloughmansLunch

Crikey that was quick and easy - 2 x Cov accounts killed off (Limited 6 Access & Four Access) and funding moved into the new Triple access, all super quick to do.

r6mile

Very impressed with Coventry lately. Even when they fall behind a bit, it doesn't take them too long to come back to the top of the leader board - and now topping both the savings account and ISA easy access charts. Of course none of these are unlimited access - but if you are happy with a limited access account, they seem to be reliably very competitive.

jpsman

I'm still keeping my Coventry Four Access accounts (2x issues) open with 1p. 🤷‍♂️

Might be worthwhile at some point in the future (not just in terms of interest, but for the amount of permitted withdrawals), and for 1 pence why not?

soulsaver

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)

gussie5555

All the concern that Tandem moved too aggressively to 5% was clearly misplaced!

Time to move my Tandem funds!

oz0707

r6mile said:

Very impressed with Coventry lately. Even when they fall behind a bit, it doesn't take them too long to come back to the top of the leader board - and now topping both the savings account and ISA easy access charts. Of course none of these are unlimited access - but if you are happy with a limited access account, they seem to be reliably very competitive.

This is why I don't go too mad rushing my money around. Prior to today I only had 1 EA acc at over 5% but even if you do the calc on the full 85k FSCS limit with each institution it was less than a pound a day your losing on something like .4% Don't get me wrong a pound a day is a lot over a year but invariably within a couple or few weeks existing providers up their rates and everything settles down again. I just keep a spreadsheet and average all the interest rates of accounts. Generally there are a few names which seem to stay near the top although I did ditch Santander in the meantime as they didn't keep up pace

oz0707

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?