The Top Easy Access Savings Discussion Area

quirkydeptless

IanManc wrote: »

The Summary Box for the account is headed: "Account name: Double Take E-Saver Issue 12" and for the Man Utd one the Summary Box says "Account name: Man Utd Double Take E-Saver Issue 7"

Did popular pressure force them to create an alternate account for people who hate MU?:rotfl:

adindas

IanManc wrote: »

The link you provided itself shows that the Double Take E-Saver is Issue 12.

On the Virgin website it says: "Please read the following Summary Box before applying for this account".

The Summary Box for the account is headed: "Account name: Double Take E-Saver Issue 12" and for the Man Utd one the Summary Box says "Account name: Man Utd Double Take E-Saver Issue 7".

Both Summary Boxes also state: "Only one account can be opened per customer per issue."

Yes you are right. I have deleted my original post ...
I think it is better to open both Double Take E-Saver Issue 12 and for the Man Utd and put £1+. Doing this we will actually have four free withdrawals (2 withdrawal each) which with good planning it is already more than enough.

Poor_Leno

I have held a Newbury BS account for a couple years now, mainly cos of the 1.5% rate (which was then beaten by Marcus, which I also have an account). I'm wondering where to stick the £3,600 from my first direct regular saver later this month, and noticed Newbury also has a 1.75% easy access account for existing members. albeit with a £2,0000 calendar year subscription limit. So, was going to put £2,000 in before the end of the year, then the other 1,600 in thw New Year.

Is their a better rate anywhere than this for instant access? I searched hard and can't find better than this 1.75%. Just wondered if that rate can be beaten.

Thanks!

colsten

1.75% can't now be beaten for instant access. But you could get 1.9% if you can fix for a year at BLME, where you can deposit the lot in one go.

pavane

I've decided not to bother renewing my Newbury BS because it earns less than £10 more than uncapped alternatives. On more than one occasion they have needed me to visit the branch and petrol and parking nearly costs this much. An instant access with 1.75% is similar to a regular saver with 2% earning about £10 more a year compared to normal instant access. It's just not worth all the account administration sometimes these savings accounts require a current account as well with no benefits.

colsten

pavane wrote: »

I've decided not to bother renewing my Newbury BS because it earns less than £10 more than uncapped alternatives. On more than one occasion they have needed me to visit the branch and petrol and parking nearly costs this much.

Agree, you need to factor in the operating costs. That's one of the reasons why I never chased after the Branch-based Virgin Regular Savers - the nearest Virgin Branch is just too far away from me. However, I have held some Newbury BS accounts for several years. Apart from the original set up, I never had to go near a Branch since, and could operate everything online.

pavane wrote: »

An instant access with 1.75% is similar to a regular saver with 2% earning about £10 more a year compared to normal instant access. It's just not worth all the account administration sometimes these savings accounts require a current account as well with no benefits.

There are several Regular Savers paying 2.5% upwards which can be operated without any pre-req current account. Coventry and Principality off the top of my head, plus KRBS depending on where you live. Check the RS thread.

redux

Poor_Leno wrote: »

... and noticed Newbury also has a 1.75% easy access account for existing members. albeit with a £2,000 calendar year subscription limit. So, was going to put £2,000 in before the end of the year, then the other 1,600 in thw New Year.

Slight correction (quote):

The maximum deposit is £2,000 per tax year (6 April to 5 April).

adindas

IanManc wrote: »

New issues of the Double Take E-Saver (Issue 13) and the Man Utd Double Take E-Saver (Issue 8) have appeared and they both are paying only 1.21% in interest.

I managed to open both of them. :):):), currently only around £1 is sitting in there.
I learn it with such kind of thing people will need to add swiftly.

brassmonkey001

I have held an account with HSBC for many years although it hasn't been very active for a long time, I only use it to put money in to take the same amount out again every month to get the benefit of another account where I need to put in a certain amount each month.
So I'm thinking of opening a regular saver with them and drip-feeding £250 per month to get 2.75% AER.
My question is, will applying for this trigger a credit check?

colsten

brassmonkey001 wrote: »

My question is, will applying for this trigger a credit check?

No. It is a savings account.