The Top Easy Access Savings Discussion Area

GalacticaActual

pokemaster said:

NS&I Direct Saver increase from 3.65% to 4% on 23rd May

I know its no where near the top, but haven't seen anyone mention it.

Thanks for the information on the NS&I Direct Saver.

I use that account sometimes to deposit funds using my Halifax Reward Current Account as part of the £500 debit card qualifying criteria towards the £5 monthly reward.

soulsaver

Maybe a bit Off Topic - but not much, many more:

As there was a change to the Halifax Rewards when 'Extra' was launched, there'll be a lot of forumites with a renewal date of May 31.

Just a reminder that you only have a few days left to renew the rewards, if you haven't already, it's by May 31.

Can you just open a new one? Well, yes... but if you're lucky enough to have a legacy of more than today's maximum number of accounts... if you miss the renewal deadline, AFAIK there's no way to get it back…

cadguy77

soulsaver said:

Maybe a bit Off Topic - but not much, many more:

As there was a change to the Rewards when 'Extra' was launched, there'll be a lot of forumites with a renewal date of May 31.

Just a reminder that you only have a few days left to renew the rewards, if you haven't already, it's by May 31.

Can you just open a new one? Well, yes... but if you're lucky enough to have a legacy of more than today's maximum number of accounts... if you miss the renewal deadline, AFAIK there's no way to get it back…

I'm lost. Any further context for the uninformed amongst us?

soulsaver

Sorry, Halifax Rewards. Edited original post to include 'Halifax'.

Nick_C

Very off topic.  Halifax Rewards is a current account.  I have three of them, the rewards all expire in different months, none of which is May. 

kaMelo

For anyone who opened the Halifax Rewards recently they are limited to three. Prior to this, I can't remember when them imposed the limit of three, there was no limit on the number of Halifax Reward accounts you could hold. Anyone who held in excess of three at the time the limit was brought in were allowed to keep them all.

I don't hold any legacy reward accounts any more so I can't comment on the May renewal date but would think @soulsaver is correct in that they all have an end of May renewal date.

masonic

I always get an email and IMPORTANT online document when it is time for me to choose my next reward. You get about a month to do so.

I don't know what the following means: "if you miss the renewal deadline, AFAIK there's no way to get it back". As I understand it, if you fail to choose the next reward by the time the current one expires, you can add it at any time thereafter.

Johnny-Cage

masonic said:

I always get an email and IMPORTANT online document when it is time for me to choose my next reward. You get about a month to do so.

I don't know what the following means: "if you miss the renewal deadline, AFAIK there's no way to get it back". As I understand it, if you fail to choose the next reward by the time the current one expires, you can add it at any time thereafter.

Never thought it’s worth let 5k sit there for £5 and certainly never spend £500 on a card to qualify for the reward. Bills and DD exceed but they don’t count 

friolento

Johnny-Cage said:

masonic said:

I always get an email and IMPORTANT online document when it is time for me to choose my next reward. You get about a month to do so.

I don't know what the following means: "if you miss the renewal deadline, AFAIK there's no way to get it back". As I understand it, if you fail to choose the next reward by the time the current one expires, you can add it at any time thereafter.

Never thought it’s worth let 5k sit there for £5 and certainly never spend £500 on a card to qualify for the reward. Bills and DD exceed but they don’t count 

There are easy and very worthwhile ways to earn the monthly £5. However, this thread is about easy access savers, and the Halifax Reward is a current account so it would be way off-topic to discuss it here.

May I suggest that Halifax Reward discussions are taken to this thread: https://forums.moneysavingexpert.com/discussion/6504104/halifax-reward-current-account/p1

RetTaxMan

slinger2 said:

The Oxbury Easy Access Account Limited Edition 1: 5.02%AER has reappeared. Minimum £20k.

I clicked through on this account.  Buyer beware, and read the Oxbury summary carefully: the minimum opening balance is £20,000, but you receive NO interest on the first £20,000 of your savings, whatever the balance.  Even if you had £500k of spare cash, you would get the 5.02% only on £470k, so the real rate is anywhere between 0% and 4.7188% on the full balance.