The Top Easy Access Savings Discussion Area

EachPenny

I-LOV-MONEY wrote: »

Probably about 9 / 10 months. However, moving money to Marcus (1.5%) !

Mine has already been there for nearly a month now.

Which means my most recent Tesco Internet Saver @1.4% will give me nearly a month of 1.4% when my Marcus bonus expires (=1.35%), just in case there is nothing better at the time.

Alternatively, if we consider there is a risk of variable rates being reduced in the next 12 months, Marcus only provides any certainty over the 0.15% bonus, whereas a Tesco Internet saver offers certainty for their bonus of 0.85%.

I'm willing to gamble the interest on £1 at a differential of 0.1% for 12 months, just to keep my options open. One tenth of a penny seems a small price to pay to have an alternative option if Marcus lets us all down.

SpanishBlue

I-LOV-MONEY wrote: »

As much as I like Tesco increasing their interest rates, it is annoying as I have to open a new account each time. Move some money into the new one, but wait about a week for them to 'authorise' the account before I can move money out. Then transfer money from the original one to the new one! I am currently on 1.36% - is it worth it for 4p on £100 ?!

I can just about put up with all that, but what annoys me is you have to phone them to close your ONLINE account. It can be a long wait to speak to someone sometimes as well.

colsten

SpanishBlue wrote: »

I can just about put up with all that, but what annoys me is you have to phone them to close your ONLINE account. It can be a long wait to speak to someone sometimes as well.

Agree, it's a bit of a faff. Wait until you have 4 or 5 to close. Let them sit there with zero balances until they get in the way of opening a new one.

soulsaver

If you managed to grab NBS 1.55% ac. note it apparently isn't accessible between midnight and 6:00 am...from log in page:

"Sorry, our eSavings system is not available at the moment.

Our eSavings system is usually available daily between 6am and 12 midnight."

I transferred in some additional funds* earlier and was about to test their w/d process for the first time to find it unavailable after 12:00am...
Just saying.. for info.

*BMids 1.44% inc 12 mth bonus ending.

50Twuncle

The MSE weekly email makes a big thing of a 2.7% easy access account - but where is it ?
The link takes me elsewhere ...

RG2015

50Twuncle wrote: »

The MSE weekly email makes a big thing of a 2.7% easy access account - but where is it ?
The link takes me elsewhere ...

Do you have a link as I cannot find any reference to a 2.7% easy access account?

It is clearly a mistake as there is no easy access account offering 2.7% but I am surprised that MSE would make a big thing of it without the report being proof read.

PS: The 2.7% is for a 5 year fixed rate account which has the capital sum locked away for the full 5 years.

Superscrooge

Don't know if there was a previous problem. But the link works fine now

https://www.securetrustbank.com/personal-savings-accounts/our-bonds/5-year-fixed-rate-bond

As RG2015 stated. This is not easy access. It's a fixed rate for 5 years

Bleg

Tesco internet saver up to 1.42..... are they slowly creeping up to 1.5? why do they not notify customers? or is it just me?

uptdale

Tesco internet saver up to 1.42..... are they slowly creeping up to 1.5? why do they not notify customers? or is it just me?

Tesco are not the only ones playing that game. The Post Office is up to 1.45%, no notice to existing customers on lower rates.

polymaff

RG2015 wrote: »

PS: The 2.7% is for a 5 year fixed rate account which has the capital sum locked away for the full 5 years.

Superscrooge wrote: »

Don't know if there was a previous problem. But the link works fine now

https://www.securetrustbank.com/personal-savings-accounts/our-bonds/5-year-fixed-rate-bond

As RG2015 stated. This is not easy access. It's a fixed rate for 5 years

And it isn't 2.7%, either