The Top Easy Access Savings Discussion Area

colsten

Marcus re-opens to savers with an also-run 0.5% instant access account.

nottsphil

colsten said:

Marcus re-opens to savers with an also-run 0.5% instant access account.

It's the same account. 

nottsphil

I-LOV-MONEY said:

colsten said:

Apparently, if you close your Marcus account, for some weird reason you cannot get another one in the future. I have kept mine with £1 in it.

Where do you get 0.6 / 0.78% from  Is it worth moving for a few pence more each year?

It's a few extra pounds, not pence. 14, in fact on £5,000.

soulsaver

nottsphil said:

colsten said:

Marcus re-opens to savers with an also-run 0.5% instant access account.

It's the same account. 

Think 'also-ran' account in terms of 'top' easy access accounts... It's still running, so... 

kUrGaN_UK

I took out a NATWEST Savings Builder in February @ 0.75%, but statements since then show 0.25% interest rate from 13/2. Did I miss something and they slashed the interest rate after a few days after applying? No emails nothing.

BigBlueSky

kUrGaN_UK said:

I took out a NATWEST Savings Builder in February @ 0.75%, but statements since then show 0.25% interest rate from 13/2. Did I miss something and they slashed the interest rate after a few days after applying? No emails nothing.

According to the website it is a variable rate (so can change).  According to their website it is currently paying 0.25%
https://personal.natwest.com/personal/savings/savings-builder.html

RG2015

kUrGaN_UK said:

I took out a NATWEST Savings Builder in February @ 0.75%, but statements since then show 0.25% interest rate from 13/2. Did I miss something and they slashed the interest rate after a few days after applying? No emails nothing.

See the thread on the link below.

https://forums.moneysavingexpert.com/discussion/6236971/natwest-savings-builder-rate-reduction-to-0-25-and-rbs-too/p1

NNI

I withdrew all my money from Santander and TSB and bought Premium Bonds, enough to win, on average, 1 prize per month. First draw was today, and I won £25. Much better than the interest I was getting.

I-LOV-MONEY

NNI said:

I withdrew all my money from Santander and TSB and bought Premium Bonds, enough to win, on average, 1 prize per month. First draw was today, and I won £25. Much better than the interest I was getting.

Would you like to say how much you put into the Premium Bonds?

eskbanker

I-LOV-MONEY said:

NNI said:

I withdrew all my money from Santander and TSB and bought Premium Bonds, enough to win, on average, 1 prize per month. First draw was today, and I won £25. Much better than the interest I was getting.

Would you like to say how much you put into the Premium Bonds?

An individual bond has a 1 in 34,500 chance of winning a prize in any given draw, so a holding of £34,500 should average one prize per month....