The Top Easy Access Savings Discussion Area

Nick_C

cx6 said:

Aldermore have re-instated their easy access account at 0.75%. Check conditions - 2 access allowed each year I believe.

Their Easy Access Account is 0.5% (unlimited access)

Their Double Access Account is 0.75% (only two withdrawals a year)

https://www.aldermore.co.uk/personal/personal-savings-accounts

Daliah

castle96 said:

If you are an existing Coventry member
1 yr fix 1.35% no w/ds £20k max

Without wanting to get further off thread topic (easy access accts), there are similar rates w/o access restrictions or balance limits.

cx6

Charter Savings appear to have withdrawn their easy access account (was paying 0.65 I believe) - maybe to relaunch?

https://www.chartersavingsbank.co.uk/AtAGlance

Molehusband

Daliah said:

castle96 said:

If you are an existing Coventry member
1 yr fix 1.35% no w/ds £20k max

Without wanting to get further off thread topic (easy access accts), there are similar rates w/o access restrictions or balance limits.

I agree with you that I consider Fixed savings accounts which do not allow withdrawals for x years are off topic for Easy Access Savings. Can you recommend where people should post comments regarding these x years Fixed accounts?

Consumerist

Molehusband said:

. . . Can you recommend where people should post comments regarding these x years Fixed accounts?

As far as I know, there isn't a long-standing thread on the topic of fixed-rate savings.

Why not go to the <Saving & Investments> board and open a new topic yourself?

Daliah

start a separate thread? Or just look up the most current rates on https://moneyfacts.co.uk/savings-accounts/

Malchester

Molehusband said:

Daliah said:

Malchester said:

10_66 said:

Malchester said:

Daliah said:

Malchester said:

Daliah said:

Malchester said:

Investec pay the same rate but it doesn't include a bonus. Found Investdc great and extremely user 

....... pay the same rate for deposits of upwards of £5,000 .................

And........???????

and 0% on anything up to £5,000. Not sure why you would want to ignore this fact.

As long as you have £5000 in the account interest is paid on the whole amount. So it is wrong to say 'and 0% on anything up to £5000'

But it's not wrong to say it if the account doesn't have an amount in excess of £5K in it.  So it's a pertinent point to raise for those who this applies to.

I totally agree with you but the point was that that was not what was said - '0% on anything up to £5000''

I am amazed that you are now nitpicking, as it was you who was fairly easy going with not mentioning that no interest gets paid unless the balance was at least £5,000, and thereby potentially misleading people who for one reason or other would have less than £5k in their account.

Hello folks, this chat is getting a bit confusing about the difference between the offerings of Investec and Cynergy.

As I understand it, both are offering easy access savings at a variable rate of 0.71% with the difference being:

- With Investec you get a variable rate of 0.71% provided you have at least £5000 invested

- With Cynergy you get a variable rate of 0.71% for any amount invested but after a year it drops by 0.41%

So for anyone with a balance of £4999.99 or less, Investec gives you 0% whereas for the first year Cynergy gives you a variable 0.71% on any amount of £1 or over.

Am I getting that right?

Absolutely right. Thanks for putting it in plain Dnglish!

RG2015

Malchester said:

Molehusband said:

Daliah said:

Malchester said:

10_66 said:

Malchester said:

Daliah said:

Malchester said:

Daliah said:

Malchester said:

Investec pay the same rate but it doesn't include a bonus. Found Investdc great and extremely user 

....... pay the same rate for deposits of upwards of £5,000 .................

And........???????

and 0% on anything up to £5,000. Not sure why you would want to ignore this fact.

As long as you have £5000 in the account interest is paid on the whole amount. So it is wrong to say 'and 0% on anything up to £5000'

But it's not wrong to say it if the account doesn't have an amount in excess of £5K in it.  So it's a pertinent point to raise for those who this applies to.

I totally agree with you but the point was that that was not what was said - '0% on anything up to £5000''

I am amazed that you are now nitpicking, as it was you who was fairly easy going with not mentioning that no interest gets paid unless the balance was at least £5,000, and thereby potentially misleading people who for one reason or other would have less than £5k in their account.

Hello folks, this chat is getting a bit confusing about the difference between the offerings of Investec and Cynergy.

As I understand it, both are offering easy access savings at a variable rate of 0.71% with the difference being:

- With Investec you get a variable rate of 0.71% provided you have at least £5000 invested

- With Cynergy you get a variable rate of 0.71% for any amount invested but after a year it drops by 0.41%

So for anyone with a balance of £4999.99 or less, Investec gives you 0% whereas for the first year Cynergy gives you a variable 0.71% on any amount of £1 or over.

Am I getting that right?

Absolutely right. Thanks for putting it in plain Dnglish!

Quite so.

Molehusband

Consumerist said:

Molehusband said:

. . . Can you recommend where people should post comments regarding these x years Fixed accounts?

As far as I know, there isn't a long-standing thread on the topic of fixed-rate savings.

Why not go to the <Saving & Investments> board and open a new topic yourself?

OK, as suggested I've opened the new topic

The Top Fixed Interest Savings Discussion Area

https://forums.moneysavingexpert.com/discussion/6332491

Feel free to join and express your thoughts.

Dandytf

cx6 said:

Charter Savings appear to have withdrawn their easy access account (was paying 0.65 I believe) - maybe to relaunch?

https://www.chartersavingsbank.co.uk/AtAGlance

That's the one I think went down to .30 which I have va H.L.