The Top Easy Access Savings Discussion Area

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.

IanManc

adindas wrote: »

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.

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.

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.

Ghostcrawler

any savings account out there that I can pay by debit card, I know about NS&I and Kent Reliance, but anymore? This is for my Co-op current account to be eligible for £1.5 for making 30 debit card transactions, if I am short of 30 in a month.

d63

Ghostcrawler wrote: »

any savings account out there that I can pay by debit card, I know about NS&I and Kent Reliance, but anymore? This is for my Co-op current account to be eligible for £1.5 for making 30 debit card transactions, if I am short of 30 in a month.

i have not checked recently to see if the following all still allow debit card transactions (ICICI used to for example but no longer i gather) anyway try:

britannia (apply online but operate by post/telephone)
chelsea
cynergy
post office
skipton
ybs

soulsaver

d63 wrote: »

i have not checked recently to see if the following all still allow debit card transactions (ICICI used to for example but no longer i gather) anyway try:

britannia (apply online but operate by post/telephone)
chelsea
cynergy
post office
skipton
ybs

PO & YBS still for sure.. but PO has a frustratingly nasty & common habit of falling over after you've typed all the details in and before it processes the payment. Avoid if possible.