The Top Easy Access Savings Discussion Area

Uxb1

Molehusband said:

I've just had a phone chat with their agent and was amazed by what they told me. They tell me that tomorrow (14th) the rate on my D31 is being increased to an amazing 0.85%. This is even significantly better than the 0.7% being offered on the new account I've just opened. They tell me they are not aware of any plans to increase the 0.7% rate on my newly opened issue 48.

They were incorrect
I've just had an email saying my D48 easy account is changing to 0.85% as of the same 14th

Molehusband

Uxb1 said:

Molehusband said:

I've just had a phone chat with their agent and was amazed by what they told me. They tell me that tomorrow (14th) the rate on my D31 is being increased to an amazing 0.85%. This is even significantly better than the 0.7% being offered on the new account I've just opened. They tell me they are not aware of any plans to increase the 0.7% rate on my newly opened issue 48.

They were incorrect
I've just had an email saying my D48 easy account is changing to 0.85% as of the same 14th

The facts are slightly more complicated than you have suggested. The situation now is as follows:

1 My 12-year old D31 savings account was indeed upgraded to 0.85% (for £1000+) on 14 April

2 You are not correct in referring to a "D48" which doesn't exist. Until 14 April they offered an Issue 48 (I48) but that was withdrawn to new applications on that day. However the interest rate changed to 0.85% for existing customers.

3 On 14 April they introduced a new I49 account paying 0.85% (£1000+)

Molehusband

soulsaver said:

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

Nearly 2 days since a change...!

As at 13/04/2022.. close of play - not meant to be comprehensive:
Should be obvious, but not apparently not... ensure you check latest terms yourself.

Do Your Own Research (DYOR)

NLA = no longer available to new applicants.

1 Chase: Saver 1.5 App only
2 Cynergy: 1.20 Needs digipass or app for on line access.
3 Zopa: Smart Save (app only ac) 1.15% up to £15k max. (Notice boost:1.2, 1.3, and 1.4 rates for  7, 31 and 95 day).
4 Tandem: 1.10 App only A greener way to save for the future (tandem.co.uk) thnx @Andyhicks
5 Al Rayan:1.01 App onlyish..(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

One account you seem to have missed:

0.9% RCI Freedom Savings

To me this account is definitely better than Atom as I dislike App only accounts for which many of us would need a microscope to be able to enter data on the user-unfriendly non-keyboard.

Another thing worth thinking about when giving us your helpful top 10 accounts, is the method of opening such an account if you already have a lower interest paying account with that bank. They vary from:

- Awkward: where the bank doesn't bother to tell you that a better rate account is available and then puts hurdles in your way like forcing you to open a new account and close the old one. Cynergy is one such awkward bank: they never bother to tell you a better rate is available and then force you to open the new and close the old with the associated bureaucracy.

- Helpful: where the bank helpfully not only tells you that a better rate is available but also that your account is being automatically upgraded to the better rate without you having to lift a finger. RCI is one such helpful bank. I got an email from them yesterday saying that my account was being upgraded to 0.9% interest without my having to do anything and the account number remains the same. Similar helpfulness with Marcus.

Maybe when you give us your helpful top 10 accounts you can also add some indicator as to how helpful (or not) they are for upgrading interest rate for existing customers?

soulsaver

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

Nearly 12 hours since latest change...!

As at 15/04/2022.. mid dayish, not close of play - not meant to be comprehensive.
Latest changes in bold
Bracketed dates = date rate added/amended here.

1 Chase: Saver 1.5% App only

2 Cynergy: 1.20% (14/04) Needs digipass or app for on line access.

3 Zopa: Smart Save (app only ac) 1.15% to £15k max. (NB 7,31,95 day notice options).

4 Tandem: 1.10% App only A greener way to save for the future (tandem.co.uk) thnx @Andyhicks

5 Al Rayan:1.01% App onlyish..(up from recent 0.8%)

6 Marcus (and Saga): 1.0%  (08/04 & 15/04) Thnx @kora_2  thnx @janusdesign see below - note shared FSCS protection.

7 Atom: 1.0% (up from 0.9 14/04) App only thnx @intalexInstant Saver 1.00% Interest Rate - Easy Access Savings | Atom bank

8 Virgin Money Saver: 1% (Max £25k).
 
9 Aldermore: 0.95% Double Access (or 0.85 EA) both £1k to open thnx @janusdesign

10 Sainsbury Defined Access Iss27 (15/04) 0.95% tier£1k+; limit to 3w/ds High Interest Savings Accounts with Sainsbury's Bank (sainsburysbank.co.uk) Merci @canaldumidi

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

Check terms for yourself - DYOR.
Note: These rates may not be applied to existing accounts...DYOR

Other than VM 2% £1k limit, others  of note?

Also see Regular Savings Accounts: The Best Currently Available List! — MoneySavingExpert Forum

And Cash ISAs: The Best Currently Available List — MoneySavingExpert Forum

janusd

soulsaver said:

6 Marcus: 1.0%  (08/04 up from 0.7) Thnx @kora_2

you could include Saga at the same rate - both by Goldman Sachs, so £85K FSCS protection between Saga & Marcus, not in each if both opened... looks like you need to be 50+ to open an account (no such restriction with Marcus).

https://www.saga.co.uk/money/savings/saga-easy-access-savings-account

soulsaver

janusdesign said:

soulsaver said:

6 Marcus: 1.0%  (08/04 up from 0.7) Thnx @kora_2

you could include Saga at the same rate - both by Goldman Sachs, so £85K FSCS protection between Saga & Marcus, not in each if both opened... looks like you need to be 50+ to open an account (no such restriction with Marcus).

https://www.saga.co.uk/money/savings/saga-easy-access-savings-account

As they're covered by the same FSCS & sub of GS and you've already posted the link... done! Ta

fwdrew

Really surprised with Marcus, they have been playing it careful. Thought they may have come out with something to compete with Chase to keep them at the top of the board. Will be interesting to see what happens in May.  

soulsaver

fwdrew said:

Really surprised with Marcus, they have been playing it careful. Thought they may have come out with something to compete with Chase to keep them at the top of the board. Will be interesting to see what happens in May.  

Yes, the TOTP shows something clearly though - 1.0% is the top rate not requiring an app... Maybe that's why they don't feel the need to compete above that yet?

clivep

soulsaver said:

fwdrew said:

Really surprised with Marcus, they have been playing it careful. Thought they may have come out with something to compete with Chase to keep them at the top of the board. Will be interesting to see what happens in May.  

Yes, the TOTP shows something clearly though - 1.0% is the top rate not requiring an app... Maybe that's why they don't feel the need to compete above that yet?

Cynergy doesn't need an app if you get it's digipass. You need to phone them to get one once your account is opened. You cant't request one online via secure message as you need the digipass to complete registration before you could then request one! (catch 22).

I'm still waiting for mine (they quoted about 10 days to get it). Meantime the rates have gone up from 1.1% to 1.2% so I'll need to open a new account before transferring my funds. (I know I could have funded the 1.1% one but want online access first).

 

mlc2009

Is the next meeting on interest rates early may? edit : May 5th I thought it was every quarter

If predicted and they move base rate to 1 percent I'm hoping we see some 2 percent deals

I just want my NatWest saver 6 percent back from when I was 16