The Top Easy Access Savings Discussion Area

GalacticaActual

Halifax have finally upped their easy access savings rate from 0.01% to 0.15% and above but nothing spectacular (maybe the same increases at Lloyds Bank/Bank of Scotland).

My Halifax Instant Saver is showing an interest rate of 0.15% this morning (Tuesday 12th April 2022).

murphydavid

VKE said:

MDMD said:

AndyTh_2 said:

Cynergy Bank has added a new issue of the Online Easy Access account with 1.1% interest. Time for the weekly/fortnightly fasttrack apply and transfer and close (if you haven't already left the boat entirely for Chase 1.5%)

Their public page hasn't yet updated, but the fasttrack apply has the new rate.

My Cynergy online banking is starting to look like Virgin money with a graveyard of closed accounts with a £0.00 balance…..

MDMD we also both have a list of Cynergy accounts we've opened and closed but when they continue to increase % rates then we will continue to open/close accounts; thank goodness its so easy to open/transfer/close  accounts 

Glad you said that. I was naively thinking that my existing Cynergy account rate had gone up to 1.1% but no it is/was still stuck at 0.7%. No loyalty goes unpunished. New account - transfer done. Its a bit annoying that I now have to set up a new payee in my current account and test it with a small amount to make sure I don't do a typo. etc.  

murphydavid

soulsaver said:

OK pot sniffers... Easy Access(ish) top 10 of the pots.. 

As at 11/04/2022..mid day - not meant to be comprehensive, I don't have time to dig down into the detail on all 10 so check terms.

Do Your Own Research (DYOR)

NLA = no longer available to new applicants.

1 Chase Saver 1.5 App only
2 Zopa Smart Save (ac is app only) 1.15% up to £15k max. (Notice boost:1.2, 1.3, and 1.4 rates for  7, 31 and 95 day) updated today 11/04
3 Cynergy 1.10 Needs digipass or app for on line access.
4 Tandem 1.10 App only A greener way to save for the future (tandem.co.uk) thnx @Andyhicks
5 Al Rayan 1.01 (up from recent 0.8%)
6 Marcus 1.0 - inc 0.10 bonus (up from 0.7 inc today 08/04) Thnx @kora_2  
7 Virgin Money saver 1% (Max £25k).. 
8 Aldermore 0.95 Double Access (or 0.85 EA) both £1k to open thnx @janusdesign
9 Investec 0.93 (min £5K?)  Online Flexi Saver Thnx @Kansuwan
10 Atom 0.9 App only

See earlier t o p & posts regarding accounts from Tesco & YBS that may still be accepting deposits but accounts NLA.

Apologies if I missed thanking anybody.

 


Other than VM 2% £1k limit, any others  of note?
ETA Remove 'Chip' see below. And clarify Zopa.

Very helpful. Might want to put another note against Cynergy "need to open a new account to get the current rate" 

Thumbs_Up

andyhicks88 said:

. To be honest I think I will end up just getting a different phone so I can sign up with Chase.

Wait a bit if I was you, sod’s law may come in to play, the competitors just might catch up, who knows.

I know it a hard call to make with all that interest money slipping through your fingers but remember this inflation is running at 7% and you think you are missing out on 1.5%.

Rest assured their are some people laughing the socks off with us money savers.  

polymaff

Kansuwan said:

polymaff said:

Kansuwan said:

Impressive that the Halifax Everyday Saver has increased by 150%, they've certainly pushed the boat out!

Awful arithmetic.

Yes sorry, 15% increase, but your reason for not giving the correct % is that you weren't able to do the calculation. 

If you are basing your arithmetic on GalacticaActual's figures of 0.01% increasing to 0.15%, try to find your way to 1,400%.

AndyTh_2

murphydavid said:

Glad you said that. I was naively thinking that my existing Cynergy account rate had gone up to 1.1% but no it is/was still stuck at 0.7%. No loyalty goes unpunished. New account - transfer done. Its a bit annoying that I now have to set up a new payee in my current account and test it with a small amount to make sure I don't do a typo. etc.  

Someone might have said on here already, but you could keep one of the older Cynergy accounts open (only transfer the money out) and keep using that as the payee from your current account.

 Its a little bit extra effort as 2 transfers (current -> old cynergy, then old cynergy - new cynergy), but also ensures less mistakes in entering payee details, and probably less fraud flag scoring.

UncleK

Family Building Society now up to 0.9%

ranciduk

GalacticaActual said:

Halifax have finally upped their easy access savings rate from 0.01% to 0.15% and above but nothing spectacular (maybe the same increases at Lloyds Bank/Bank of Scotland).

My Halifax Instant Saver is showing an interest rate of 0.15% this morning (Tuesday 12th April 2022).

Woohoo!! 

I’m in the money, I’m in the... etc etc

why the hell did they even bother?

Olinda99

don't mock it -  you are getting 50% more than my Lloyds 0.1% instant access saver. You lucky lucky b...

Molehusband

UncleK said:

Family Building Society now up to 0.9%

I've just looked on their website

https://www.familybuildingsociety.co.uk/savings/easy-access-savings

and you could have knocked me down with a Mexican fruitfly.The maximum interest it shows there is 0.6%. Where can I find the 0.9% you mention?