The Top Easy Access Savings Discussion Area

gwapenut

What was said was that "Investec pay the same rate" (as an account paying that rate on just £1). That was missing relevant information for people with less to save. I don't understand why you're getting so aggressively ("And........???????") defensive just because someone enhanced your information to give the full picture.

£5k is non-trivial for many people. What if Investec paid that rate on minimum balances of £20k, £50k, £100k? When is it no longer worth an unqualified comparison with a savings account that can be operated with £1?

Daliah

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.

cx6

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

Molehusband

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?

Molehusband

cx6 said:

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

Don't forget there's a minimum opening amount of £1000!

typistretired

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?

Yes and if you have £5000 that you are quite happy to leave in an account to make sure you receive 0.71% you may as well put it in a fixed 1 year which have better rates. Cynergy keep bringing out new editions which are easy to open and you can transfer funds over so you never really get to the stage were the bonus ends

castle96

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

cx6

Recognise Bank paying 1.6% for a year fix.

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.