The Top Easy Access Savings Discussion Area

friolento

Pompeydave1967 said:

Interesting discussion on radio 4 so I’ve just gambled on a 5 yr 4.5% fixed with Atom. Can’t see many more 5 years deals coming up .

That’s not very easy access, a 5 year fix?

Pompeydave1967

I know but with rates dwindling I think fixed is the way to go now for a guaranteed rate.
Still have plenty in easy access for daily use etc .

mrbuster

But is this not the easy access thread?

Pompeydave1967

This is easy access related , just saying I’ve taken loads out of easy access and fixed up for 5 years as I see that’s the way to go.
If what they say is true 4.5 down to 2.5 end of next year EA then prob a good idea to fix now.

Bigwheels1111

I have 5 and 7 yar fixed rates, quite a few easy access and 9 regular savers.10 by the end of the week.

Isbank via Raisin 4.5% for 5 or 7 years.

jimexbox

Telegraph have reported wage growth end of 2023 was higher than expected, at 6.2%. Economists were forecasting 6%. Which will reduce the expectations of an early rate cut. 

Martico

I've got an ISA with Wealthify, and they've just introduced an EA savings account (via ClearBank) that's currently at 4.91% AER (4.8% gross). Says it's tracked at 0.45% gross below the BoE base rate. Not the best, but not too shabby

Zopa_Trooper

Just had a message from MONEYBOX, they are introducing a easy access saver at 5% AER. I believe it's just for customers that already have a maxed-out ISA with them. Not a bad fall back to have in case others drop their rates.

HHUK

Zopa_Trooper said:

Just had a message from MONEYBOX, they are introducing a easy access saver at 5% AER. I believe it's just for customers that already have a maxed-out ISA with them. Not a bad fall back to have in case others drop their rates.

I received that too. I already have a Moneybox instant access account with just £1 in it, opened purely to get a £10 eGift Voucher via Giftcloud under the terms of last month's offer. Today's message confirmed that account will automatically qualify for the enhanced 5% interest rate.

I recently transferred a Cash ISA with a £500 balance to Moneybox, partly because their interest rate is among if not the best currently available, but also to receive £25 cashback as per an invitation received in an email from Moneybox. I have added no further funds to the Cash ISA, which remains very far from maxed out.

Middle_of_the_Road

Zopa_Trooper said:

Just had a message from MONEYBOX, they are introducing a easy access saver at 5% AER. I believe it's just for customers that already have a maxed-out ISA with them. Not a bad fall back to have in case others drop their rates.

It's a bonus of 1% on their simple saver if you open one of their qualifying accounts.

*You will earn this reward rate if you either: have a balance above £0 in a qualifying account, which includes: Cash ISA, Stocks & Shares ISA, Lifetime ISA**, Junior ISA, Personal Pension, or; have a Reward Savings Account that hasn’t been cancelled.