The Top Easy Access Savings Discussion Area

typistretired

I can tell who are not fast payments Ford and Shawbrook  next day and if after a certain time in the afternoon you try to make a payment it can be 48 hours 

eskbanker

Newly_retired said:

Of the accounts which do not use an app, can anyone tell me which use Faster Payments, please?

typistretired said:

I can tell who are not fast payments Ford and Shawbrook  next day and if after a certain time in the afternoon you try to make a payment it can be 48 hours 

Technically they all use Faster Payments, in the sense that the regulations only require that such payments are completed by the end of the next working day (after the working day on which the instruction is initiated), so a payment sent now (after business hours on Wednesday) must arrive by end of business on Friday, for example.

However, it's a multi-tier system and direct participants of the Faster Payments scheme will typically be practically instantaneous, which is what people normally mean when they refer to the term in its looser sense....

https://www.wearepay.uk/what-we-do/payment-systems/faster-payment-system/faster-payment-participation/

soulsaver

Al Rayan Everyday Saver Iss2 rate increase to 1.1% from 1.01% immediate effect 27/04/2022 £2500 min
 Instant access | Islamic banking | Sharia compliant & ethical (alrayanbank.co.uk)

SFindlay

soulsaver said:

Al Rayan Everyday Saver Iss1 rate increase to 1.1% from 1.01% immediate effect 27/04/2022 £2500 min
 Instant access | Islamic banking | Sharia compliant & ethical (alrayanbank.co.uk)

The above relates to new accounts opening under ISSUE 2 not issue 1 which is closed to new customers and although it has also increased to 1.1% it does not have any restrictions on minimum deposits. 

Patr100

Bank of England monetary policy meeting next Thurs May 5th so will  be worth seeing if there is another increase.

Consumerist

Another 0.25 percentage point increase seems to be widely expected.

soulsaver

SFindlay said:

soulsaver said:

Al Rayan Everyday Saver Iss1 rate increase to 1.1% from 1.01% immediate effect 27/04/2022 £2500 min
 Instant access | Islamic banking | Sharia compliant & ethical (alrayanbank.co.uk)

The above relates to new accounts opening under ISSUE 2 not issue 1 which is closed to new customers and although it has also increased to 1.1% it does not have any restrictions on minimum deposits. 

It stated issue 1 in the email and I thought it said it in the link at the time.
It is applied to issue 1 as well, but as you say - nla.

bristolleedsfan

1.25% easy access not as yet showing on Aldermore website

https://twitter.com/SavingsGuruUK/status/1519957835525861377

janusdesign

bristolleedsfan said:

1.25% easy access not as yet showing on Aldermore website

https://twitter.com/SavingsGuruUK/status/1519957835525861377

are they talking about the Double Access account where you can make 2 withdrawls a year before the interest drops ?

https://www.aldermore.co.uk/personal/personal-savings-accounts/double-access-account/

that's the one that is showing in the moneyfacts easy access tables.

soulsaver

OK rate shifters... Easy Access(ish) top 10 of the pots.. All 1.0% min!

As at 29/04/2022.. 12:00 hrs - Starter for 10; not meant to be comprehensive DYOR.
Latest changes in bold.
Bracketed dates = date rate added/amended here.

1 Chase: Saver 1.5% App only

2 Aldermore: 1.25% Double Access (29/04) or 0.85% EA . £1k to open Double Access Account, Instant Access Savings Account - Aldermore Bank

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

5 Zopa: Smart Save (app only ac) 1.2% (up from1.15%) to £85k (up from £15k) max. (19/04) (NB 7,31,95 day notice, rate boosted options).

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

7 Al Rayan:1.10% ( 29/04) App onlyish..(up from recent 0.8 & 1.01%)

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

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

10 Virgin Money Saver: 1% (Max £25k).
 
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