The Top Easy Access Savings Discussion Area

2010

Rate increase highly unlikely this Thursday.
Maybe EA savings rates have also reached their peak.

https://www.thisismoney.co.uk/money/markets/article-12686029/Interest-rates-stay-high-amid-recession-fears.html?ico=mol_desktop_money-newtab&molReferrerUrl=https://www.dailymail.co.uk/money/index.html

BooJewels

Steve_xx said:

It's a pity that this thread has lapsed into nonsensical banter, causing an ever longer thread, making it very difficult to glean anything useful that's posted.

That's why there is the *No Chat* version of the top EA accounts thread.  Salient non-chat posts are added to the thread, but the important bit is post no.2 on the first page which is a summary of all the current best rates - updated a few days ago - maybe just stick to reading that post if you want to avoid 'nonsensical banter':

https://forums.moneysavingexpert.com/discussion/6392978/top-easy-access-acs-ranked-top-of-the-pots-no-chat/p1

Eirambler

ranciduk said:

Who cares??!

if you had told me about 18 months ago I would be getting over 5% on my EA accounts I would never have believed it

its fantastic 

Worth noting also though, that we remain in a period of historically low interest rates. As per the page below from the BoE website, rates did not fall below 5% at any time for over a quarter of a century between 1975 and 2001. In that context rates remain low in historical terms, despite what the wider media would have us believe.

https://www.bankofengland.co.uk/boeapps/database/Bank-Rate.asp

mebu60

VXman said:

Steve_xx said:

It's a pity that this thread has lapsed into nonsensical banter, causing an ever longer thread, making it very difficult to glean anything useful that's posted.

Good point. Just to bring it back on topic. What is the best easy access savings account at the moment?

If only someone was prepared to spend their own time compiling and maintaining a top EA rates table in a 'no chat' thread free of nonsensical banter.

Top Easy Access acs Ranked: Top of The Pots - **No Chat** — MoneySavingExpert Forum

ircE

For those who keep a quid in Newbury BS' Welcome to Newbury account, note that interest has been paid on that account today.

happybagger

Officially the minimum operating balance on the account is £50 so that runs the risk of closure

allegro120

ircE said:

For those who keep a quid in Newbury BS' Welcome to Newbury account, note that interest has been paid on that account today.

Yeah, it was in my diary. Logged in this morning to find out that the issue with online "take money out" option is still not resolved.  I've sent secure message asking to withdraw the interest, we'll see what happens.  Thinking again, instead I should've opened another £1 account to keep the membership and close the "welcome" because it is useless.  But it doesn't matter, I may as well keep my £50 there for now and make a move later.

allegro120

happybagger said:

Officially the minimum operating balance on the account is £50 so that runs the risk of closure

Not really. "If the balance falls below the minimum operating balance, a variable rate of 1.50% will be paid." https://product.newbury.co.uk/1WELNBY.pdf

happybagger

You pays your money and takes your choice. It's a breach of the account terms

• The minimum opening and operating balance is £50.

 by being a "minimum operating balance" would imply there is no right to "operate" it below that, ie they can close it. The line you quote means that in the intervening time they would pay 1.5%.

Saver makes the choice, I was merely pointing out the t&c's.

CheekyMikey

mebu60 said:

VXman said:

Steve_xx said:

It's a pity that this thread has lapsed into nonsensical banter, causing an ever longer thread, making it very difficult to glean anything useful that's posted.

Good point. Just to bring it back on topic. What is the best easy access savings account at the moment?

If only someone was prepared to spend their own time compiling and maintaining a top EA rates table in a 'no chat' thread free of nonsensical banter.

Top Easy Access acs Ranked: Top of The Pots - **No Chat** — MoneySavingExpert Forum

If only someone started a ‘nonsensical banter’ thread and kept this one purely for pertinent discussion of ea savings accounts