The Top Easy Access Savings Discussion Area

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

janusdesign

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

2010

I can`t believe the average easy access account has a really big amount in it to justify jumping through hoops to get the top rate.
Marcus may only be 1% but it`s easy to open and manage.
You can transfer money both ways quite easily and it`s usually in your nominated account within 15 minutes.
Sometimes hassle or even the expense of a new phone does not justify the amount that`s actually being saved.

Someone in an earlier post quoted the the difference of the amount of interest on £250k between chase and the next best.
Yea, yea, yea.

As for the BoE, if they raise rates too fast or too high thousands will be homeless.

gt94sss2

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.

Marcus haven't been the market leader for quite a while.

If they achieve over £25bn in savings then they would need to ringfence their retail operations from their investment banking side which they don't want to do.

As they come close, they have previously suspended signups and/or made savings rates less competitive.