The Top Easy Access Savings Discussion Area

SFindlay

murphydavid said:

Ghostcrawler said:

cosh25 said:

Ghostcrawler said:

source please? on their website highest i see as 0.70% to 1.01% on eSaver Issue 16

Moneyfacts. As advised, the account won’t be available until tomorrow so won’t appear on their website. 

thanks for the update, I was in middle of opening saver 16 and saw your post, what a timing.  I will hold off for now

I see its available now.
Whats a saver 16?
My existing Marcus is still at 1.05%
Would I change to Skipton? Um No
Gain is 0.15% for a year then close it - that's £1.50 per £1000 per year then I have to set it up and move my money twice within 1 year - in and out. All that for £15. if you have £10,000 in Marcus.

Thats presuming Marcus remains at 1.05%!!!

I've  opened it as no telling how long it will be available now its top of the table. If we have another lockdown and all the rates plummet at least you've got the bonus guaranteed for the year which is better than nothing, if they don't so what I've got a tenner in it to keep it open so its a no brainer to at least give yourself the option down the road!! 

Ghostcrawler

SFindlay said:

murphydavid said:

Ghostcrawler said:

cosh25 said:

Ghostcrawler said:

source please? on their website highest i see as 0.70% to 1.01% on eSaver Issue 16

Moneyfacts. As advised, the account won’t be available until tomorrow so won’t appear on their website. 

thanks for the update, I was in middle of opening saver 16 and saw your post, what a timing.  I will hold off for now

I see its available now.
Whats a saver 16?
My existing Marcus is still at 1.05%
Would I change to Skipton? Um No
Gain is 0.15% for a year then close it - that's £1.50 per £1000 per year then I have to set it up and move my money twice within 1 year - in and out. All that for £15. if you have £10,000 in Marcus.

Thats presuming Marcus remains at 1.05%!!!

I've  opened it as no telling how long it will be available now its top of the table. If we have another lockdown and all the rates plummet at least you've got the bonus guaranteed for the year which is better than nothing, if they don't so what I've got a tenner in it to keep it open so its a no brainer to at least give yourself the option down the road!! 

Also presuming Skipton remains the same. The only guarantee is 0.50% bonus for first 12 months.

murphydavid

Ghostcrawler said:

murphydavid said:

Ghostcrawler said:

cosh25 said:

Ghostcrawler said:

source please? on their website highest i see as 0.70% to 1.01% on eSaver Issue 16

Moneyfacts. As advised, the account won’t be available until tomorrow so won’t appear on their website. 

thanks for the update, I was in middle of opening saver 16 and saw your post, what a timing.  I will hold off for now

I see its available now.
Whats a saver 16?
My existing Marcus is still at 1.05%
Would I change to Skipton? Um No
Gain is 0.15% for a year then close it - that's £1.50 per £1000 per year then I have to set it up and move my money twice within 1 year - in and out. All that for £15. if you have £10,000 in Marcus.

eSaver issue 16 - https://www.skipton.co.uk/savings/easy-access/e-saver

0.70% for balance of £1 - £24,999

So rather openeing eSaver 16 issue I will open a new "Online Bonus Saver Issue 7".  May be this is not a best choice for you but atleast to me as I do not have Marcus savings account.

Yes; I agree; its a good choice at the moment for anyone wanting to start a new account.
Prior to this release: why were you not considering MSE's best buy of NS&I at 1% (or 1.16% if you have £500)? Even now its a good choice as it has the advantage of possibly saving you work in a years time by not having an expiring bonus. (The government needing low interest loans probably for some time)

Ghostcrawler

murphydavid said:

Ghostcrawler said:

murphydavid said:

Ghostcrawler said:

cosh25 said:

Ghostcrawler said:

source please? on their website highest i see as 0.70% to 1.01% on eSaver Issue 16

Moneyfacts. As advised, the account won’t be available until tomorrow so won’t appear on their website. 

thanks for the update, I was in middle of opening saver 16 and saw your post, what a timing.  I will hold off for now

I see its available now.
Whats a saver 16?
My existing Marcus is still at 1.05%
Would I change to Skipton? Um No
Gain is 0.15% for a year then close it - that's £1.50 per £1000 per year then I have to set it up and move my money twice within 1 year - in and out. All that for £15. if you have £10,000 in Marcus.

eSaver issue 16 - https://www.skipton.co.uk/savings/easy-access/e-saver

0.70% for balance of £1 - £24,999

So rather openeing eSaver 16 issue I will open a new "Online Bonus Saver Issue 7".  May be this is not a best choice for you but atleast to me as I do not have Marcus savings account.

Yes; I agree; its a good choice at the moment for anyone wanting to start a new account.
Prior to this release: why were you not considering MSE's best buy of NS&I at 1% (or 1.16% if you have £500)? Even now its a good choice as it has the advantage of possibly saving you work in a years time by not having an expiring bonus. (The government needing low interest loans probably for some time)

I already have that. I was considering eSaver issue 16 for my TSB debit card 30 transactions which I need to make to get £5 cashback from TSB. I try to keep seperate for each of my bank accounts which require debit card transactions. I am not after interest rates but after monthly cashbacks/rewards for which i need to make xx DC transactions.

soulsaver

So, you can pay into your own Skipton account by debit card... and get a good rate. I think that may be an attraction for some.

BigBlueSky

soulsaver said:

So, you can pay into your own Skipton account by debit card... and get a good rate. I think that may be an attraction for some.

Yes, should be OK for the TSB situation.  Not sure about other scenarios though as will be recognised as a financial institution.

Ghostcrawler

soulsaver said:

So, you can pay into your own Skipton account by debit card... and get a good rate. I think that may be an attraction for some.

sure it is

BigBlueSky said:

soulsaver said:

So, you can pay into your own Skipton account by debit card... and get a good rate. I think that may be an attraction for some.

Yes, should be OK for the TSB situation.  Not sure about other scenarios though as will be recognised as a financial institution.

for Halifax also it works fine

UncleK

Ford Money have just upped their rate from 0.7% to 0.75% from today - hardly earth shattering but shows they are paying attention!

SFindlay

Ghostcrawler said:

SFindlay said:

murphydavid said:

Ghostcrawler said:

cosh25 said:

Ghostcrawler said:

source please? on their website highest i see as 0.70% to 1.01% on eSaver Issue 16

Moneyfacts. As advised, the account won’t be available until tomorrow so won’t appear on their website. 

thanks for the update, I was in middle of opening saver 16 and saw your post, what a timing.  I will hold off for now

I see its available now.
Whats a saver 16?
My existing Marcus is still at 1.05%
Would I change to Skipton? Um No
Gain is 0.15% for a year then close it - that's £1.50 per £1000 per year then I have to set it up and move my money twice within 1 year - in and out. All that for £15. if you have £10,000 in Marcus.

Thats presuming Marcus remains at 1.05%!!!

I've  opened it as no telling how long it will be available now its top of the table. If we have another lockdown and all the rates plummet at least you've got the bonus guaranteed for the year which is better than nothing, if they don't so what I've got a tenner in it to keep it open so its a no brainer to at least give yourself the option down the road!! 

Also presuming Skipton remains the same. The only guarantee is 0.50% bonus for first 12 months.

Yeah thats why I said if "all the other rates plummet at least youve got the bonus guaranteed for a year"!!! 

accorian

Ah, those dear departed days of 2006-2007. Now it's exciting to see something like Skipton Building Society saying stick £1,000 in our grubby little mitts for a year, and we'll give you seven quid interest.

Whoa hey! Such fun.