The Top Easy Access Savings Discussion Area

allegro120

jaypers said:

allegro120 said:

jaypers said:

I currently have a number of EA accounts paying 5% plus such as Santander, Charter and Tandem. Would it be worth also opening a CAHOOT account in light of a number of institutions starting to reduce rates, just to keep a few options open? Also see I can put £3k in their Sunny Day Saver, paying 5.2%. Just interested in peoples views on this. Thanks. 

That's exactly what I've done last week for the same reason.

Just opened one but need to wait for details via Snail Mail before I can login. Not funding until I can see the account. Is this what you did? 

Yes, the same.  Waiting for letters, I also prefer to view the accounts before funding them.

soulsaver

dgpur said:

soulsaver said:

ToTP: Top (of The Pots)  ranked-by-rate Easy(ish) Access accounts Top 10(ish).

Links & availability checked as at c.12.00 22/01/24

Note: This is a snapshot and isn't maintained: For latest data (and morel info.) see the original doc. linked at the very bottom of this post, in the signature box.

IIRC only alteration from last week start is Metro Bank 5.22% went NLA & Ulster Bank now requires a Current Account 

1  Ulster Bank Loyalty Svr  5.20% £5k+ (29/09) new & existing c/a holders (19/01)

2 Charter EA Issue 48 5.13% (£5k min) (12/01)

3 Cahoot Simple Saver 5.12% (09/10)

4 Kent Reliance Easy Access Account Issue 67 5.11% (£1k min) (10/01).

5  Cynergy Online EA iss 69  5.10 % (24/11)

6 Leeds BS Limited Issue Online Access Account (Issue 54) 5.10% £1k min (11/01)

7 Virgin Money Defined Access E-Saver Iss 20  'Tri' 5.07% (08/12) 

8 Paragon Dble Access Iss5 5.05% £1k min (22/12) 

9 Close Brothers EA Issue 2 5.05% £10k min (03/01)

10 Family BS OL svr (6)  5.04% £100 min (27/09)*

Ulster is now only for existing members.

What it says: 

'Please be aware that this account is now only available to existing Ulster Bank current account holders.'

You open a current account = you become an existing current ac holder. You can then open the Loyalty Saver...

It's not a loophole or a hack, it's what they intended. 

dgpur

I see! My bad.

Bridlington1

@soulsaver
Close Brothers EA Issue 2 now 5.1% (£10k min)

dosh37

I have an easy access account with Ford Money.

It was paying 4.9% but that dropped to 4.85%.

A recent email says the rate will reduce to 4.6% in Feb 2024.

Hence I am looking to move to a better rate elsewhere.

I have several other savings accounts and the £85K FSCS limit means my choices are limited.

I am thinking of a Kent Reliance easy access account (5.11%).

Does anyone have any experience with Kent Reliance?

Is opening and managing the account straightforward?

chris_the_bee

dosh37 said:

I have an easy access account with Ford Money.

It was paying 4.9% but that dropped to 4.85%.

A recent email says the rate will reduce to 4.6% in Feb 2024.

Hence I am looking to move to a better rate elsewhere.

I have several other savings accounts and the £85K FSCS limit means my choices are limited.

I am thinking of a Kent Reliance easy access account (5.11%).

Does anyone have any experience with Kent Reliance?

Is opening and managing the account straightforward?

No problems at all over last 2 years. Only pain is not being able to upgrade when a new rate is released. Must open new account, then transfer old funds to new account. 

Malchester

Have just opened this KR account. Very impressed. Only problem is the slowish deposits and withdrawals

youngretired

I'm in the same situation where I have maxed out Santander/Cahoot and Kent Reliance and I am trying to find a place to put Ford's. I have a Virgin account and so I am thinking of the Defined Access E-saver. Can anyone tell me if you can close this at anytime and if the closure would count as a withdrawal? I have tried live chat as the summary doesn't state anything about closing the account and unfortunately they couldn't answer the question either.

savethepandas

dosh37 said:

I have an easy access account with Ford Money.

It was paying 4.9% but that dropped to 4.85%.

A recent email says the rate will reduce to 4.6% in Feb 2024.

Hence I am looking to move to a better rate elsewhere.

I have several other savings accounts and the £85K FSCS limit means my choices are limited.

I am thinking of a Kent Reliance easy access account (5.11%).

Does anyone have any experience with Kent Reliance?

Is opening and managing the account straightforward?

Personally have fallen out of love with them, in tax year 2020/21 had real difficulty getting tax certificate out of them. Only seem to call you on a Saturday morning, have difficulty getting what I want over to them. (Not so bad if you contact them on a Friday, but annoying if you contact them on a Monday, although not necessarily the same week). Do pay out compensation when things go wrong. Both my partner and I have not being renewing investments there.

premierfella

youngretired said:

I'm in the same situation where I have maxed out Santander/Cahoot and Kent Reliance and I am trying to find a place to put Ford's. I have a Virgin account and so I am thinking of the Defined Access E-saver. Can anyone tell me if you can close this at anytime and if the closure would count as a withdrawal? I have tried live chat as the summary doesn't state anything about closing the account and unfortunately they couldn't answer the question either.

Whilst it may not explicitly say it, the line that says "Minimum withdrawal amount is £1 (or less if closing)" implies it's a withdrawal.

But, unless I'm missing something, surely it has no impact either way - even if the closure is a fourth withdrawal, isn't the interest rate up to the day before closure still the higher rate? (their summary box really should be more explicit about both these things, but that's how similar accounts elsewhere usually work - e.g. choosing one at random Nationwide Triple Access Online Saver, which has a much better KPI description!)