The Top Easy Access Savings Discussion Area

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Reminder: the first table is simply soulsaver's top 10 at the time of writing, True EA accounts are those that require no minimum balances and allow unlimited withdrawals, and True Instant EA accounts are those True EA accounts which advertise instant deposits and withdrawals 24/7.

I've been updating this scorecard for the past 3 months (see July, August, September).

Chip, Ford Money, Hampshire Trust Bank, Tandem Bank, Cynergy Bank and Post Office Money have been on every True EA table. If you assume they will continue to care about their relative position, and you need "true easy access", these are the accounts you might want to keep a quid in.

Of these, Chip and Tandem offer instant access. Recently, Chip has been on the decline and Cahoot has been ascendant. Others on the instant access table might not offer close to top rates but offer other advantages, such as the functionality of saving in a current account (Kroo Bank), savings being linked to a current account (Chase Bank, Monzo) or the ability to open multiple accounts for the same rate (Tesco Bank, Zopa). Of course, instant access itself is an advantage.

This is probably the last time I post this. There doesn't seem to be much change on the horizon of the EA market. I hope others have found this exercise somewhat interesting, and see that there can be different definitions of what makes a "top easy access savings account".

Eirambler

I've never heard of range, but they seem to offer terrible rates, so best avoided. 

Zopa_Trooper

RG2015 said:

This is insane. It’s a prize draw that none of us are going to win. And for a moment I was drawn into the insanity. 

Somebody will win and that's the real "draw".

I've never bought a lottery ticket. I read when it started that if you buy a ticket on the Monday, you've more chance of being dead by the time of the draw Saturday than of winning the jackpot. I'm not keen on those odds.

Bazzalona13295

It would be better (imo) if they divided out the 100k.
Maybe 2 x 50k or 4 x 25k, even 10 lots of 10k.
That way more customers win.

Probably doesn't attract the attention as much.

BooJewels

That was exactly my thinking @Bazzalona13295 - 100 x £1k might feel you were in with a reasonable chance.  I haven't had the email and certainly won't be holding my breath over it.

mebu60

BooJewels said:

That was exactly my thinking @Bazzalona13295 - 100 x £1k might feel you were in with a reasonable chance.  I haven't had the email and certainly won't be holding my breath over it.

I've not had an email either but did get a pop-up about it when logging in the other week. Seemed a bit pointless. Doubt it'll change any behaviours but there'll be one very lucky individual. As others have said, would've been bit more interesting had there been multiple smaller prizes. 

simonsmithsays

Definitely a lack of top easy access accounts appearing as this thread has morphed into a Santander prize thread.

Can't see the BoE raising rates anytime soon either.

mebu60

mebu60 said:

BooJewels said:

That was exactly my thinking @Bazzalona13295 - 100 x £1k might feel you were in with a reasonable chance.  I haven't had the email and certainly won't be holding my breath over it.

I've not had an email either but did get a pop-up about it when logging in the other week. Seemed a bit pointless. Doubt it'll change any behaviours but there'll be one very lucky individual. As others have said, would've been bit more interesting had there been multiple smaller prizes. 

And right on cue have now received email! I am already entered in the draw. Daughter received one too and needs to have £100 in her account by the end of November to be entered. I'm sure Bank of Dad will provide the funds on a temporary basis. For a % of any winnings obviously :-) 

InvesterJones

Zopa_Trooper said:

I've never bought a lottery ticket. I read when it started that if you buy a ticket on the Monday, you've more chance of being dead by the time of the draw Saturday than of winning the jackpot. I'm not keen on those odds.

Sadly those odds still apply whether you buy a ticket or not - we all get entered in the lottery of life, no purchase necessary

dealyboy

@simonsmithsays said:

Definitely a lack of top easy access accounts appearing as this thread has morphed into a Santander prize thread.

Can't see the BoE raising rates anytime soon either.

... good try Simon ... now back to the real business ...

Should I phone them and ...