The Top Easy Access Savings Discussion Area

PosterBoy77

Martico said:

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

A good spot. Almost the same account as what Chip offer, but without any deposit limits or published fair usage policy. I have just opened one. Deposits are almost instant. Withdrawals are a bit slower and seem to work during the daytime in around 1 to 3 hours.

simonsmithsays

Chorley Easy Access 

Just a reminder the interest rate dropped to 5.1% today for those with better product options.

infoadict

Also FYI the maximum you can withdraw per day, via online banking is £50,000. Despite it not being mentioned anywhere in their T&C's. They say you get notified when you sign up for online banking. Which can only be done after you've opened the account.

allegro120

simonsmithsays said:

Chorley Easy Access 

Just a reminder the interest rate dropped to 5.1% today for those with better product options.

Also "***Please note that withdrawal requests received before 3.30pm will be processed the same day and credited to your nominated bank account the next working day. Requests made after 3.30pm, on a Saturday or on a non-working day will be deemed to have been received on the following working day. This transaction will show as a cheque withdrawal***"

Bridlington1

@soulsaver
Monument EA now 5.11% (£25k min)

Kim_13

Martico said:

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

I've just opened this, as my other tracker products are either closed to new deposits or for a defined term. I can't see anything to suggest that this would cease to be a tracker product at any time in the future, but the terms do allow them to vary the margin they track to. I figured it was worth a £1 in case it was useful in the future, though unlike their investment products I couldn't see a Direct Debit option (though admittedly I haven't opted for a regular deposit, and now cannot see an option for one were I to want to do so in the future.)

Bridlington1

@soulsaver
Coventry BS Triple Access iss2 5.15% to go NLA. Replaced by issue 3 at 5.08%

RichTips

allegro120 said:

simonsmithsays said:

Chorley Easy Access 

Just a reminder the interest rate dropped to 5.1% today for those with better product options.

Also "***Please note that withdrawal requests received before 3.30pm will be processed the same day and credited to your nominated bank account the next working day. Requests made after 3.30pm, on a Saturday or on a non-working day will be deemed to have been received on the following working day. This transaction will show as a cheque withdrawal***"

Has anyone had experience with requesting a cheque from Chorley and can advise how long it took or conducted internal transfers of greater than £50,000?

The issue I have is that I have around the FSCS limit of £85,000 in the 1 Withdrawal Easy Access Saver account so, given the online transfer limit of £50,000, if I were to withdraw down to the £500 threshold required to keep the account open I'd either have to A] go the cheque route and be without interest until I received and cashed the thing, or B] exceed the account's 1 withdrawal limit, halving the interest on the account accrued since the New Year. Feels like I'm losing out either way but would appreciate learning others' experiences so I can work out the lesser of two evils.

Alternatively, I was also wondering if by opening another Chorley account without withdrawal limits I can do an internal transfer of everything but £500 and move the funds away by that method, keeping the higher interest rate while opening up the ability to get the money to another institution online over two days. If anyone has seen this work, I'd love to know of it.

pecunianonolet

RichTips said:

allegro120 said:

simonsmithsays said:

Chorley Easy Access 

Just a reminder the interest rate dropped to 5.1% today for those with better product options.

Also "***Please note that withdrawal requests received before 3.30pm will be processed the same day and credited to your nominated bank account the next working day. Requests made after 3.30pm, on a Saturday or on a non-working day will be deemed to have been received on the following working day. This transaction will show as a cheque withdrawal***"

Has anyone had experience with requesting a cheque from Chorley and can advise how long it took or conducted internal transfers of greater than £50,000?

The issue I have is that I have around the FSCS limit of £85,000 in the 1 Withdrawal Easy Access Saver account so, given the online transfer limit of £50,000, if I were to withdraw down to the £500 threshold required to keep the account open I'd either have to A] go the cheque route and be without interest until I received and cashed the thing, or B] exceed the account's 1 withdrawal limit, halving the interest on the account accrued since the New Year. Feels like I'm losing out either way but would appreciate learning others' experiences so I can work out the lesser of two evils.

Alternatively, I was also wondering if by opening another Chorley account without withdrawal limits I can do an internal transfer of everything but £500 and move the funds away by that method, keeping the higher interest rate while opening up the ability to get the money to another institution online over two days. If anyone has seen this work, I'd love to know of it.

What about enquiring with Chorley about a CHAPS payment and if that would allow a higher transfer above the 50k counting as just one withdrawal?

Bridlington1

@soulsaver
Close Bros EA Iss2  nudges up to 5.12% (up from 5.1%) £10k min