The Top Easy Access Savings Discussion Area

10_66

MarsdenCuckoo said:

10_66 said:

Cynergy @ 0.66% (incl bonus 0.36% for 12 months).

I was thinking of ongoing rates rather than ones with initial bonuses....

12 months gives you long enough to move it elsewhere if you find a preferable rate though, and if you don't then you've not wasted the time.

MarsdenCuckoo

10_66 said:

MarsdenCuckoo said:

10_66 said:

Cynergy @ 0.66% (incl bonus 0.36% for 12 months).

I was thinking of ongoing rates rather than ones with initial bonuses....

12 months gives you long enough to move it elsewhere if you find a preferable rate though, and if you don't then you've not wasted the time.

Well yes, I guess so but the YBS rate just seemed a good, stable deal on an account I've held for many years.

MarsdenCuckoo

So I checked back why I commented.....

Nationwide is included as the Top High Street instant access account @ 0.45% but it's limited to 3 withdrawals a year at that rate.  YBS definitely beats that surely?

MarsdenCuckoo

Deleted_User said:

MarsdenCuckoo said:

So I checked back why I commented.....

Nationwide is included as the Top High Street instant access account @ 0.45% but it's limited to 3 withdrawals a year at that rate.  YBS definitely beats that surely?

Maybe, but https://moneyfacts.co.uk suggests there are 14 others that beat YBS.

Thanks, I'll add that to my list but I originally posted re. MSE..... Is there a connection?

MarsdenCuckoo

Deleted_User said:

MarsdenCuckoo said:

So I checked back why I commented.....

Nationwide is included as the Top High Street instant access account @ 0.45% but it's limited to 3 withdrawals a year at that rate.  YBS definitely beats that surely?

Maybe, but https://moneyfacts.co.uk suggests there are 14 others that beat YBS.

Had a quick look and got to say am not a fan.  It includes accounts that are not exactly comparable e.g. some accounts whilst you may get instant access only pay interest on maturity so effectively are fixed term IMHO.

canaldumidi

MarsdenCuckoo said:

So I checked back why I commented.....

Nationwide is included as the Top High Street instant access account @ 0.45% but it's limited to 3 withdrawals a year at that rate.  YBS definitely beats that surely?

Yes but my High Street, and many other High Streets, does not have a YBS branch. Nationswide is, well... throughout the nation's high streets.

I-LOV-MONEY

inter - what ?  Not one of those new-fangled things is it?   Can I get covid from it ?

lhsecons

Deleted_User said:

canaldumidi said:

Yes but my High Street, and many other High Streets, does not have a YBS branch.

Who needs a branch to operate bank & savings accounts? I use a thing called Internet through which I do all my banking without ever needing to clamber up a branch. Branches are now mainly for birds to sit on!

That may be the reason why all accounts are listed first and then high street ones. The clue is in the name!!

Daliah

MarsdenCuckoo said:

Deleted_User said:

MarsdenCuckoo said:

So I checked back why I commented.....

Nationwide is included as the Top High Street instant access account @ 0.45% but it's limited to 3 withdrawals a year at that rate.  YBS definitely beats that surely?

Maybe, but https://moneyfacts.co.uk suggests there are 14 others that beat YBS.

Had a quick look and got to say am not a fan.  It includes accounts that are not exactly comparable e.g. some accounts whilst you may get instant access only pay interest on maturity so effectively are fixed term IMHO.

I think you are confusing accessibility with the date interest is paid. Just because some accounts only pay interest once a year, as opposed to monthly, doesn't mean you don't have access to your capital. The time the interest is paid does not determine whether an account is fixed term or instant access, and this is not a matter of opinion but a matter of fact.

Whether interest is paid monthly or annually, the AER compares the interest paid on a like for like basis.

Primrose

Deleted_User said:

canaldumidi said:

Yes but my High Street, and many other High Streets, does not have a YBS branch.

Who needs a branch to operate bank & savings accounts? I use a thing called Internet through which I do all my banking without ever needing to clamber up a branch. Branches are now mainly for birds to sit on!

This method may be very convenient for you but the reality is there are thousands of elderly and disabled individuals who don,t have internet access or computer skills whose lives are being seriously distressed and inconvenienced by the closure of their local banks.

  In the last six months we have seen two national  bank branches close in our local area and I cant tell you how much anxiety and distress it has caused for such people.  Like the use of cash rather than credit cards I feel it's important to keep  all banking methods in constant use so that this section of the  community are still able to function effectively.