The Top Easy Access Savings Discussion Area

lr1277

InvesterJones said:

lr1277 said:

crumpet_man said:

I'm looking for some help to find the best/highest interest paying easy access savings account which pays monthly interest and does not require internet or app to manage the account as the user of said account prefers branch and telephone access.  It would also be a bonus if the monthly interest is automatically paid to an external account.  Failing that, I need to be able to setup a standing order from the savings account to an external account.

Any suggestions?  Possibly some of you are using a savings account in this way.

TIA.

It might be antithetical to say this on this particular thread, but here goes.....
There are Income bonds from National Savings. Not the best interest rate but can be opened and operated online, by phone or by post.

Income bonds can't be accessed though until they mature, they're not easy access accounts.

Income bonds are an easy access account. You can take money out an put it back in. You have to leave a minimum of £500 in the account to keep the account open.

Please see this link:

https://www.nsandi.com/products/income-bonds 

Then read the section on 'How can I take money out?'

BooJewels

InvesterJones said:

lr1277 said:

crumpet_man said:

I'm looking for some help to find the best/highest interest paying easy access savings account which pays monthly interest and does not require internet or app to manage the account as the user of said account prefers branch and telephone access.  It would also be a bonus if the monthly interest is automatically paid to an external account.  Failing that, I need to be able to setup a standing order from the savings account to an external account.

Any suggestions?  Possibly some of you are using a savings account in this way.

TIA.

It might be antithetical to say this on this particular thread, but here goes.....
There are Income bonds from National Savings. Not the best interest rate but can be opened and operated online, by phone or by post.

Income bonds can't be accessed though until they mature, they're not easy access accounts.

You're thinking of their 'Guaranteed Income Bonds' which are fixed 12 month terms, the ordinary Income Bonds are indeed easy access as @lr1277 mentioned and pay monthly interest out to a nominated current account.  I have a feeling you might need to withdraw a minimum of £500, but I've had both types and certainly taken money out of the IBs when required.

lr1277

BooJewels said:

InvesterJones said:

lr1277 said:

crumpet_man said:

I'm looking for some help to find the best/highest interest paying easy access savings account which pays monthly interest and does not require internet or app to manage the account as the user of said account prefers branch and telephone access.  It would also be a bonus if the monthly interest is automatically paid to an external account.  Failing that, I need to be able to setup a standing order from the savings account to an external account.

Any suggestions?  Possibly some of you are using a savings account in this way.

TIA.

It might be antithetical to say this on this particular thread, but here goes.....
There are Income bonds from National Savings. Not the best interest rate but can be opened and operated online, by phone or by post.

Income bonds can't be accessed though until they mature, they're not easy access accounts.

You're thinking of their 'Guaranteed Income Bonds' which are fixed 12 month terms, the ordinary Income Bonds are indeed easy access as @lr1277 mentioned and pay monthly interest out to a nominated current account.  I have a feeling you might need to withdraw a minimum of £500, but I've had both types and certainly taken money out of the IBs when required.

Sorry to @InvesterJones if I came across as a bit high handed in my reply.

@BooJewels said it much nicer than I did.

Edited to correct the name of the person to whom I was apologising.

crumpet_man

lr1277 said:

crumpet_man said:

I'm looking for some help to find the best/highest interest paying easy access savings account which pays monthly interest and does not require internet or app to manage the account as the user of said account prefers branch and telephone access.  It would also be a bonus if the monthly interest is automatically paid to an external account.  Failing that, I need to be able to setup a standing order from the savings account to an external account.

Any suggestions?  Possibly some of you are using a savings account in this way.

TIA.

It might be antithetical to say this on this particular thread, but here goes.....
There are Income bonds from National Savings. Not the best interest rate but can be opened and operated online, by phone or by post.

That's a good suggestion and as it's NS&I I don't need to worry about the 85k FSCS limit and could put everything into one account.  Lower interest for sure but a lot more convenient and less stress.

RobinhoodSavings

Coventry withdrawing  the Triple Access Saver online 3 on Monday night. Open it whilst you can…

pecunianonolet

RobinhoodSavings said:

Coventry withdrawing  the Triple Access Saver online 3 on Monday night. Open it whilst you can…

@RobinhoodSavings, since most of your comments and posts are on or about Coventry, you may be an employee giving us all a little advanced notice, which is great. Thank you!

InvesterJones

lr1277 said:

InvesterJones said:

lr1277 said:

crumpet_man said:

I'm looking for some help to find the best/highest interest paying easy access savings account which pays monthly interest and does not require internet or app to manage the account as the user of said account prefers branch and telephone access.  It would also be a bonus if the monthly interest is automatically paid to an external account.  Failing that, I need to be able to setup a standing order from the savings account to an external account.

Any suggestions?  Possibly some of you are using a savings account in this way.

TIA.

It might be antithetical to say this on this particular thread, but here goes.....
There are Income bonds from National Savings. Not the best interest rate but can be opened and operated online, by phone or by post.

Income bonds can't be accessed though until they mature, they're not easy access accounts.

Income bonds are an easy access account. You can take money out an put it back in. You have to leave a minimum of £500 in the account to keep the account open.

Please see this link:

https://www.nsandi.com/products/income-bonds 

Then read the section on 'How can I take money out?'

Thank you - I did indeed get them mixed up with Guaranteed Income Bonds

masonic

pecunianonolet said:

RobinhoodSavings said:

Coventry withdrawing  the Triple Access Saver online 3 on Monday night. Open it whilst you can…

@RobinhoodSavings, since most of your comments and posts are on or about Coventry, you may be an employee giving us all a little advanced notice, which is great. Thank you!

Or friend, acquaintance, family member etc of an insider. Either way, the intel has been consistently good.

ircE

Looking to close my Leeds BS 5.1% account as I don't need it any more and leaving £1 in another account just to keep something open/maintain membership... is it right that they don't have an online EA account like this? Closest thing I can find is a £100 min account that pays 2.45%

Bridlington1

ircE said:

Looking to close my Leeds BS 5.1% account as I don't need it any more and leaving £1 in another account just to keep something open/maintain membership... is it right that they don't have an online EA account like this? Closest thing I can find is a £100 min account that pays 2.45%

They don't have an online non-ISA EA account that lets you keep a £1 balance but they have an E-ISA with a £1 minimum balance which could fit the bill when the new ISA rules come into play next month.

Alternatively if you're just looking to retain membership, there is the Access Saver (£1 min) that can be opened by post. I've found Leeds are happy to send out application packs with a prepaid envelope if requested. 

The other option could be to open the Regular Saver at 5.25%, it's £100 min but pays a better rate.

Also of note is that for branch/post accounts Leeds will let you manage the account by phone, including withdrawals/closure by faster payment if needed.