The Top Easy Access Savings Discussion Area

Bridlington1

@soulsaver
I don't think this has been mentioned yet (it's been available for a while but wouldn't get a ranking):

HEBS currently have a Member loyalty Saver at 5% (£5k min, £50k max). The account is branch/post only and is only available to those who have 5 years+ continuous membership. Membership is defined as having either a savings balance of £100 or more or a mortgage balance of £100 or more for a minimum period of 5 years prior to the date of opening a Member Loyalty Reward savings account.

In addition there is currently a Skipton FA Bonus Saver Issue 1 ``unofficially available" at 5.2% (includes 1.4% bonus for 6 months). It was first pointed out by @simonsmithsays on the Regular Savers thread as a maturity option for the NLA Skipton Members RS Issue 2 at 7.5% but the application link was guessed and some, myself included, have been able to successfully open the account.

intalex

Barkin said:

FWIW their Double Access Iss 3 is still paying the same 5.25% as when it launched last October. 

It's now my top easyish access account, especially now Santander's easy access is dropping on Monday... but I do wonder how long Paragon will endure it when more competitors start dropping rates...

Bridlington1

@soulsaver
Paragon Bank Double Access Savings Account Issue 7 5.05% (10/05) £1k min now only available to existing customers.

soulsaver

ThePirates said:

soulsaver said:

Bridlington1 said:

In addition there is currently a Skipton FA Bonus Saver Issue 1 ``unofficially available" at 5.2% (includes 1.4% bonus for 6 months). It was first pointed out by @simonsmithsays on the Regular Savers thread as a maturity option for the NLA Skipton Members RS Issue 2 at 7.5% but the application link was guessed and some, myself included, have been able to successfully open the account.

Do we have a link to terms? 

First link in the post!

Yep - realised and deleted my post, ta.

akh43

Re the Skipton FA Bonus Saver, has anyone been contacted re the financial adviser yet? This is my only concern as I have no need to speak to a financial adviser as I don't want to invest.

Bridlington1

Could be one to open speculatively:
Coventry BS to launch a Triple Access Saver Issue 4 at 4.83% (£1 min)

cricidmuslibale

Bridlington1 said:

Could be one to open speculatively:
Coventry BS to launch a Triple Access Saver Issue 4 at 4.83% (£1 min)

That (annual) interest rate is exactly 0.25% below the 5.08% annual interest rate that the Triple Access Saver Issue 3 is currently paying. This suggests to me that Coventry BS are, if not actually anticipating a Bank of England base rate cut of 0.25% on June 20, at least allowing for the possibility that this may occur, and also perhaps this latest Triple Access Saver Issue 4 has been released with the intention of it remaining on sale for at least a short time after the first reduction in the base rate (if this happens in June rather than in August or September).

It also suggests to me that all three previous issues of the Triple Access Saver (Online) - to give them their full title - may have their current annual interest rate reduced by at least 0.25% pretty soon after the base rate is cut by 0.25%, whenever this first base rate reduction actually occurs. I.e. (as Coventry BS have similarly done before) all issues of the Triple Access Saver (Online) would then converge onto the same annual interest rate of 4.83% which would then be maintained until shortly after the next B of E base rate reduction, when it is very likely (unfortunately) that a further 0.25% cut to 4.58% will take place.

[Incidentally, 4.58% is also the annual interest rate for the branch and postal as well as online managed Triple Access Saver (3) that Coventry BS have had on sale continuously for quite some time now. The interest rate for this particular account has consistently been exactly 0.50% below the interest rate for the online only Triple Access Saver with the same issue number.]

gwapenut

Virgin Money are slashing rates on their defined access e-saver (21) from 5.11% to 4.76% in a couple of weeks' time.

This bait-and-stitch-up behaviour disgusts me as the account was only launched a couple of months ago and the base rate has not changed.

Since depositing house equity 6 months ago, I've started to learn who the honourable players are. Stafford BS are OK but have outdated account management. Cynergy, Kent Reliance, Family have been excellent at maintaining rates. Santander were OK, we got a good 6 months out of their account. Chorley haven't been great, but havn't been the worst offenders.

pecunianonolet

gwapenut said:

Virgin Money are slashing rates on their defined access e-saver (21) from 5.11% to 4.76% in a couple of weeks' time.

This bait-and-stitch-up behaviour disgusts me as the account was only launched a couple of months ago and the base rate has not changed.

Since depositing house equity 6 months ago, I've started to learn who the honourable players are. Stafford BS are OK but have outdated account management. Cynergy, Kent Reliance, Family have been excellent at maintaining rates. Santander were OK, we got a good 6 months out of their account. Chorley haven't been great, but havn't been the worst offenders.

Same for Virgin Defined Access E-Saver issue 19 going from 5.12% to 4.76% on 31st May.

soulsaver

Bridlington1 said:

@soulsaver
Paragon Bank Double Access Savings Account Issue 7 5.05% (10/05) £1k min now only available to existing customers.

It appears you can become an existing customer (have a log in) if you open an alternative account - their EA account paying 2.00% for example, to get access to the above, similar to the Ulster Bank work around.

Easy Access Savings Account | Paragon Bank
I can't test this as I'm an existing Paragon customer, but it looks feasible if you're keen.