The Top Easy Access Savings Discussion Area

Angelica123

Pompeydave1967 said:

Also just received this Janus , wondering what they are offering ? Only 5% on easy access at present and their fixes have dive bombed like everyone else’s so intrigued as to what additions they have added apart from pots.

I think one of the main advantages of tandem is that it is instant access. As someone who puts salary straight into savings account and then withdraws money as the SO and DD come through, I found it useful to keep Tandem open just for when quick withdrawal is desired (my other EA accounts are slower re withdrawal). 

Pompeydave1967

Looking at the new app it looks like new pots only . Not sure what advantages these have ? Interest gets put into primary a/c so assume 5% still.

Zaul22

I guess either Tandem will destroy Zopa or they will cut their rates similar to Zopa. 
I checked my app and when the email says 'coming very soon' they mean they it's already here.

Pompeydave1967

As a present tandem customer I’m not sure what I’ve gained out of new app message. Looking again not much . No increases in rates anywhere.

happybagger

@soulsaver
HTB EA Issue 15 @ 5.15% NLA
https://www.htb.co.uk/personal-savings/variable-rate-accounts/

ToastLady

refluxer said:

ToastLady said:

Pompeydave1967 said:

Also just received this Janus , wondering what they are offering ? Only 5% on easy access at present and their fixes have dive bombed like everyone else’s so intrigued as to what additions they have added apart from pots.

You are not joking when you mention fixed savers dive bombing. I can't see why anyone would take their "top" fix of 5.05% for a year, over 5% for easy access.

Banks just set their fixed rates according to how much money they need and for how long. It presumably suits Tandem at the moment to have savers using an account that they can easily cut the rate on (such as their Instant Access Saver) rather than one they can't..

Saying that - most 1 year fixed rates are heading down towards easy access rates at the moment and even normally competitive banks like Shawbrook have got there already. This obviously gives a good indication of where they think rates will be in 12 months time, in which case opting for a 1 year fix (or longer) at around current easy access rates could end up looking like a good option in the not-too-distant future for anyone with a large easy access balance who starts to reassess whether they actually need easy access to all of it.

I think there'll be a lot of savers paying close attention to the next few BoE meetings (now that things have levelled off) and they'll need to react quickly in the even of a rate cut if they want to hold on to the current 5%+ rates (even if that means moving to a different type of account), as I can't imagine many banks will hesitate for a second to reduce their easy access rates once that base rate starts to fall !

Thanks Refluxer, yes I get all that. Was just quite surprised that Tandem's rate had fallen so low, haven't checked on their rates for a while as not needed to.

poppystar

happybagger said:

@soulsaver
HTB EA Issue 15 @ 5.15% NLA
https://www.htb.co.uk/personal-savings/variable-rate-accounts/

It’s there on the website now and appears to be accepting applications. .?? 

MichaelAP

Zaul22 said:

I guess either Tandem will destroy Zopa or they will cut their rates similar to Zopa. 
I checked my app and when the email says 'coming very soon' they mean they it's already here.

Although ZOPA Ea is only 4.54% against Tandem 5.00%, ZOPA fixed at 5.31% for 1 year is better than Tandem 5.05% for 1 year…. and this is the same for other fixed year savings. ZOPA also offer ISA’s starting at 5.08% with similar Fixed rate offers of 5.27% fixed 1 year ISA.

happybagger

poppystar said:

happybagger said:

@soulsaver
HTB EA Issue 15 @ 5.15% NLA
https://www.htb.co.uk/personal-savings/variable-rate-accounts/

It’s there on the website now and appears to be accepting applications. .?? 

Only the 95 day is showing for me, I checked on another device too in case it's a caching error

refluxer

happybagger said:

poppystar said:

happybagger said:

@soulsaver
HTB EA Issue 15 @ 5.15% NLA
https://www.htb.co.uk/personal-savings/variable-rate-accounts/

It’s there on the website now and appears to be accepting applications. .?? 

Only the 95 day is showing for me, I checked on another device too in case it's a caching error

Yes, the easy access account is definitely NLA.
@poppystar - if you refresh your browser page, it'll probably disappear.