The Top Easy Access Savings Discussion Area

soulsaver

ToTP

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

Links & availability checked as at c.14.00 04/02/24

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.

1  Ulster Bank Loyalty Svr  5.20% £5k+ (29/09) new & existing c/a holders - see trail19/01

2 Coventry BS Triple Access iss2 5.15% (26/01)

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

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

5 Close Bros EA Iss2 5.10% £10k min (23/01) 

6 Charter EA Issue 49  5.08% £5k min (26/01)

7 Monument EA 5.08% £25k min (across all accounts) (01/02)

8 Kent Reliance EA Issue 68 5.07% £1k min (26/01)

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

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

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

pecunianonolet

AmityNeon said:

AmityNeon said:

Cold_comfort said:

AmityNeon said:

Secondary Reference Data for CoP has been implemented for at least a few months now. I think I first encountered it personally when setting up YBS's Loyalty Regular Saver as a payee last October.

friolento said:

I made a Faster Payment to my new Skipton Bonus Saver yesterday around 11 am, and expected it to show on Monday. Much to my surprise, though, the money got credited yesterday.

It doesn't start earning interest until the next working day though, even if it's shown as credited.

Skipton is part of the Faster Payments network which means payments from most UK banks will be applied to your account within 2 hours of the payment being sent, regardless of the day or time they have arrived.

For Faster Payments sent on a weekend, bank holiday or after the evening cut-off (typically 6:00 pm) we won’t receive the funds until the next working day. This means that, even though the money might show in your Skipton account, it will not start to earn interest until the next working day.

https://www.skipton.co.uk/savings/savings-hub/paying-in-and-withdrawing/paying-in

Hmm. The website page you linked to contradicts Skipton's savings account terms and conditions 2023 (https://www.skipton.co.uk/-/media/skipton-co-uk/pdf/savings/Savings-Terms-and-Conditions.ashx). Page 9 states that electronic payments will start earning interest 'immediately' which is identical to the time the money is paid into the savings account. This is distinct from, for example, debit card payments for which the money is paid into the savings account and which will receive interest 'by the end of the 2nd business day after we receive it).

Unless someone else can confirm, I'll have an answer to this within a week when interest is credited to one of my Skipton accounts. It seems rather odd that Skipton would contradict their own T&Cs so explicitly.

Skipton's T&Cs are incorrect. Faster payments shown as credited on non-working days do not earn interest immediately. Working days before 6 PM for same-day interest, otherwise it won't earn interest until the next working day.

Does that also count for internal transfers, I think external pay in deadline is 6pm on working days. I think 8pm for internal transfers. Anyone in the know?

CuparLad

Seems Tandem are reducing the value of the Top up by 0.1% to 0.25% from 6th March 2024. Means my account will stay unused...

Pompeydave1967

CuparLad said:

Seems Tandem are reducing the value of the Top up by 0.1% to 0.25% from 6th March 2024. Means my account will stay unused...

No surprises there after receiving the email last week.Not a big deal but annoying it’s in the wrong direction .

S_uk

I'm glad I opened that Skipton EA base rate tracker now.. 5.06% until base rate is reduced, hopefully not until the summer at the earliest.

ToastLady

CuparLad said:

Seems Tandem are reducing the value of the Top up by 0.1% to 0.25% from 6th March 2024. Means my account will stay unused...

Just received same email and came on to check if it had been reported on here. My £1 in there will have to stay all alone for the foreseeable future.

janusdesign

CuparLad said:

Seems Tandem are reducing the value of the Top up by 0.1% to 0.25% from 6th March 2024. Means my account will stay unused...

final kick up the proverbial to empty the account with Tandem and move the balance to DF Capital (NLA but still paying 5.20% and will for at least another 30 days).

Coventry BS have finally launched their own app (mentioned in their members blog) - installed the android version, registered and it seems to work fine.

Hi, I’m Phil Boon, I head up our Digital teams here at CBS. I wanted to do two things in this blog. Firstly, thank you to some of you for your valuable input over the past few months in helping us shape the app. And secondly, I’m thrilled to announce the successful launch of our new app into the app store late last week. We wanted to run a few quick tests over the weekend before letting you know this morning – but I see from some of the forum posts you’ve already found it!

For those involved in the testing process to get us to this point – we couldn’t have done it without your valuable contributions and were delighted and humbled by the passion and dedication our members have shown throughout. Your insights, feedback, and commitment have been the driving force behind creating an app that we believe will enhance yours and other members digital experience with CBS.

But this is just the beginning. We have many exciting plans in store for the future, and we can’t wait to share them with you. Your continued feedback and enthusiasm will be crucial as we evolve and expand our digital offerings. We hope that the app will start or continue to be a key way you interact with us, and will provide the service you’d want to see.

Once again, thank you for being an integral part of this incredible journey. We look forward to hearing your thoughts on the app and embarking on the next chapter of innovation together.

patpalloon

Tandem dropping the bonus rate from 0.35 to 0.25 pc from March. So the overall rate will drop from 5 to 4.9

Wheres_My_Cashback

janusdesign said:

Coventry BS have finally launched their own app (mentioned in their members blog) - installed the android version, registered and it seems to work fine.

Very quick to install and set up on Android, one device only permitted.

jaceyboy

patpalloon said:

Tandem dropping the bonus rate from 0.35 to 0.25 pc from March. So the overall rate will drop from 5 to 4.9

Not March they have done it now for me