The Top Easy Access Savings Discussion Area

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Charter Savings appear to have withdrawn their easy access account (was paying 0.65 I believe) - maybe to relaunch?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

SJMALBA

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

FYI, Issue 23 EA is 0.6%

They also removed the 18 month & 3 year FRBs, and (IIRC, a couple of weeks ago?), they removed all notice accounts, except 95 day.

Perhaps Issue 24 @... 0.85% + is coming?

(I know, wishful thinking!)

GalacticaActual

Skipton Building Society will be increasing some of their existing variable savings rates with effect from 1st March 2022.

Full details to be published on Thursday 17th February 2022.

https://www.skipton.co.uk/base-rate-change