The Top Easy Access Savings Discussion Area

murphydavid

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?!

The old saying. If you can't decide: Sleep on it.
Yes do that.
Um... Where do you live?

I-LOV-MONEY

murphydavid said:

Um... Where do you live?

In a house with a big mattress ./ duvet !!!!!

Consumerist

colsten said:

Consumerist said:

You make it sound so easy. How do you prove you've had the money under your proverbial mattress?

Oh, I hadn't considered that people would seriously take money out of interest-earning accounts for the purpose of holding the cash in a shoebox etc, with the cunning plan to re-deposit the cash into some account at a later stage. But if anyone actually wanted to do that (for some unfathomable reason), they'd just have to keep the statements of their savings account so they can produce them if required.

Well, that's one up on a win at the races.
It's interesting, however, that the government has recently asked the BoE to find a few (£60bn) billion in cash in the system which seems to be unaccounted for. It seems possible that they are considering the possibility that people might withdraw cash if the alternative is to pay institutions to save with them.

Consumerist

I-LOV-MONEY said:

murphydavid said:

Um... Where do you live?

In a house with a big mattress ./ duvet !!!!!

Is it just me or is this getting a bit raunchy?

eskbanker

Consumerist said:

Is it just me or is this getting a bit raunchy?

It's certainly getting ever further away from the thread topic of easy access savings accounts, so it's probably worth taking the banter to another one....

davep

Word of advice to some of the forum members who mention they have an NS&I fixed rate bond which is due to mature soon, they automatically roll you into a new Fixed bond for the same term you were on already unless you advise them before it matures. IMPORTANT, they have now also changed the withdrawal terms, previously you could withdraw or close the bond before the term with an interest penalty, now you cannot withdraw till the end of the term so be aware your money is locked in with no access for the full term. If (like me) you did not realise they would automatically roll your money into a new bond at maturity you do have a 30 day cooling off period from the date the new bond starts so you can close your account and withdraw all the funds.

DireEmblem

Back to thread topic, is there by any chance a community spreadsheet or something with the best rates out there?

I’m aware Virgin do 2% up to £1000, but what comes next?

dcs34

DireEmblem said:

Back to thread topic, is there by any chance a community spreadsheet or something with the best rates out there?

I’m aware Virgin do 2% up to £1000, but what comes next?

Virgin 2% up to £2000

RG2015

dcs34 said:

DireEmblem said:

Back to thread topic, is there by any chance a community spreadsheet or something with the best rates out there?

I’m aware Virgin do 2% up to £1000, but what comes next?

Virgin 2% up to £2000

I guess this is a humorous comment.

After this it will be Virgin 2% up to £3,000?

polymaff

https://uk.virginmoney.com/savings/find/results/#online