The Top Easy Access Savings Discussion Area

quirkydeptless

DireEmblem said:

I do like peoples idea, use a spare 'bank account' to sign up to Chip, and switch on the AI to get access to deposit £5k.  Your first £100 of auto saves are free.  Effectively, if you keep your spare bank account at a nil balance, and switch off overdraft saves, then it will never save you £100, and you will never be charged.  Easy 1.15% on up to £5k in a FSCS account.

The only concern I think is the interest is paid at the end of every 12 week period, after you withdraw your balance.  Its certainly not a long term account, and your bonus 1.25% is variable.

Yes, that's what I do, plus set a minimum balance of £3000 (max allowed) so no chance of that being in my spare bank account and thus no chance of auto-saving and paying a fee. 

I-LOV-MONEY

As the interest on savings accounts have gone through the floor, I have decided it not worth the time and effort to put money elsewhere.   I have therefore decided to put it all under the mattress.   That way I have easy access should I need it.

I had some time on my hands earlier today, and reorganised the cash so it is not spread all over the bed.   I therefore have some spare room under there.   Does anybody want to send me their cash, and I will gladly put it under my mattress?!

veryintrigued

I-LOV-MONEY said:

As the interest on savings accounts have gone through the floor, I have decided it not worth the time and effort to put money elsewhere.   I have therefore decided to put it all under the mattress.   That way I have easy access should I need it.

I had some time on my hands earlier today, and reorganised the cash so it is not spread all over the bed.   I therefore have some spare room under there.   Does anybody want to send me their cash, and I will gladly put it under my mattress?!

Anyone with a money saving attitude would know putting it under the bed makes no sense at all.

Under the current climate it should be stuffed into your quilt increasing its tog value and saving your energy bill.

I-LOV-MONEY

veryintrigued said:

Anyone with a money saving attitude would know putting it under the bed makes no sense at all.

Under the current climate it should be stuffed into your quilt increasing its tog value and saving your energy bill.

Why didn't I think of that?   So provided there is room under the duvet, do you want to utilise some of the room?

gwapenut

Trying to track down my missing wine code, can anyone confirm the sender and subject for the wine code confirmation email?

Consumerist

In reality, I wonder how straightforward it would be to withdraw several thousands of pounds in cash over a short period without there being questions asked.

colsten

Consumerist said:

In reality, I wonder how straightforward it would be to withdraw several thousands of pounds in cash over a short period without there being questions asked.

You might get asked questions, you would answer them if you had any sense, and that would be that.

I-LOV-MONEY

Consumerist said:

In reality, I wonder how straightforward it would be to withdraw several thousands of pounds in cash over a short period without there being questions asked.

It is only right that they should check your identity.   I wouldn't want anybody else touching my millions

Consumerist

I also wonder how straightforward it might be to deposit several thousand pounds in cash when you want to get back into savings again.

Ken68

I'll let you know Cons., have a lot of high value NSand I Guaranteed Grwth Bonds and other fixed rate stuff coming to maturity in Jan and Feb and March. God knows where to put the money, a nuisance, lol.