The Top Easy Access Savings Discussion Area

FIREmenow

Thanks Bridlington and Allegro,

I was saying Ulster isn't true easy access, I think, because in my mind it is not 'condition-free'. If I needed to withdraw money I'd need to weight up taking the Ulster balance below £5k versus other accounts with other conditions. Easy decision access I guess!

Almost emptying my lower paying triple access accounts into Ulster would put me a decent amount higher than £5k which would make it feel 'easier' to me! 

I'm aiming for at least the £1k 0% taxable interest this year and invest the rest in ISA and pension, but not totally agile yet on moving between savings products and putting a price on the differing account conditions. I pick up a lot on this board so thanks to all!

Aidanmc

Blackjack_Davy said:

Cynergy bank in Easy Access recommendation requires a smartphone which isn't stated on the main page (app to authenticate who you are. They won't even send you login details until you've made a minimum deposit)

A smartphone is not necessary, they will send out a little 'digipass' device if you want,

gwapenut

allegro120 said:

FIREmenow said:

Thanks all!

Thanks allegro, that's why I haven't opened the 5.2% Ulster as it doesn't feel like easy access if I have to keep £5k in it. A couple more £1 openers could be a good idea.

You are welcome. Ulster Loyalty Saver is a true easy access.  You can pay in and out from and into any accounts you want and money arrive instantly like you would expect from a conventional current account.  It's basically the same as Santander issue3, the only difference is that there is no option for monthly interest.  You don't have to keep £5k in, there's no minimum balance requirement.  The only inconvenience is that your interest is paid on a tired basis, so there is no point having any less than £5k there, therefore not useful for savers with smaller budgets. 

There's also a £20k daily limit on withdrawals though. Other than that, a great account

tg99

gwapenut said:

allegro120 said:

FIREmenow said:

Thanks all!

Thanks allegro, that's why I haven't opened the 5.2% Ulster as it doesn't feel like easy access if I have to keep £5k in it. A couple more £1 openers could be a good idea.

You are welcome. Ulster Loyalty Saver is a true easy access.  You can pay in and out from and into any accounts you want and money arrive instantly like you would expect from a conventional current account.  It's basically the same as Santander issue3, the only difference is that there is no option for monthly interest.  You don't have to keep £5k in, there's no minimum balance requirement.  The only inconvenience is that your interest is paid on a tired basis, so there is no point having any less than £5k there, therefore not useful for savers with smaller budgets. 

There's also a £20k daily limit on withdrawals though. Other than that, a great account

Unless it’s changed v recently there is also a higher one off payment limit of £50k if you have face biometrics set up on the app but it’s restricted to only one a day / two a week / four every 28 days.

CuparLad

gwapenut said:

There's also a £20k daily limit on withdrawals though. Other than that, a great account

The digital channels daily limit does reset at 6.30pm Mon-Fri (excluding Bank Holidays) so if you time it right you can withdraw £40K in one calendar day if needs be, although you'll have to wait until 6.30pm the following banking day before you can withdraw any more. It's a useful hack for the odd occasion where you need access to more than £20K in a calendar day and can afford to wait to the evening for the second tranche.

Blackjack_Davy

Aidanmc said:

Blackjack_Davy said:

Cynergy bank in Easy Access recommendation requires a smartphone which isn't stated on the main page (app to authenticate who you are. They won't even send you login details until you've made a minimum deposit)

A smartphone is not necessary, they will send out a little 'digipass' device if you want,

You have to call customers services on a 0345 number or order of those annoying little things. Investec is another that wants a smartphone. Either way I opened an account elsewhere its not worth the hassle.

Bridlington1

@soulsaver
Cynergy Online EA Iss72  5.00% (18/04) NLA. Replaced by Issue 73 at 4.95%.

allegro120

Bridlington1 said:

@soulsaver
Cynergy Online EA Iss72  5.00% (18/04) NLA. Replaced by Issue 73 at 4.95%.

That's fast.  I've opened issue 69 (5.1%) 44 days ago.

mebu60

allegro120 said:

Bridlington1 said:

@soulsaver
Cynergy Online EA Iss72  5.00% (18/04) NLA. Replaced by Issue 73 at 4.95%.

That's fast.  I've opened issue 69 (5.1%) 44 days ago.

Yet I saw a headline earlier that said mortgage rates on their way back up (I didn't read the detail which may well have been less dramatic). 

Bridlington1

@soulsaver
It seems I forgot to mention this the other day but now that the 4.9%ers are being included in the top EA list, the Tandem Instant Access Saver at 4.9% (includes 0.25% variable top up) (£1 min) now qualifies for inclusion in the list.