The Top Easy Access Savings Discussion Area

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....

I-LOV-MONEY

I could do the £500

Ella_fella

eskbanker said:

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....

I've got 50k holding and have won nothing for the 2 months I've had them for....

eskbanker

Ella_fella said:

eskbanker said:

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....

I've got 50k holding and have won nothing for the 2 months I've had them for....

But it's a random draw entirely dependent on luck, so the word 'average' is critical when considering returns, where most will naturally be either above or below the average - in your case it's a 5.5% chance of two consecutive blanks from a £50K holding, but the average would be three prizes over two months (and plenty will win more).