The Top Easy Access Savings Discussion Area

RG2015

I quite like the top 10 table, but surely it is only of interest to those that do not have a Chase account.

ashteadgirl

RG2015 said:

I quite like the top 10 table, but surely it is only of interest to those that do not have a Chase account.

Very useful for those that may have filled up Chase and looking for a temporary home for more funds until formulated longer term plans

RG2015

ashteadgirl said:

RG2015 said:

I quite like the top 10 table, but surely it is only of interest to those that do not have a Chase account.

Very useful for those that may have filled up Chase and looking for a temporary home for more funds until formulated longer term plans

Fair point, but whether at £85k or £250k, it is likely to be only a small number of people.

Daliah

RG2015 said:

ashteadgirl said:

RG2015 said:

I quite like the top 10 table, but surely it is only of interest to those that do not have a Chase account.

Very useful for those that may have filled up Chase and looking for a temporary home for more funds until formulated longer term plans

Fair point, but whether at £85k or £250k, it is likely to be only a small number of people.

I go to moneyfacts to research rates but sometimes a prompt on MSE can be helpful

Section62

RG2015 said:

I quite like the top 10 table, but surely it is only of interest to those that do not have a Chase account.

Chase being App-only could mean there are quite a few people in that category.

RG2015

Section62 said:

RG2015 said:

I quite like the top 10 table, but surely it is only of interest to those that do not have a Chase account.

Chase being App-only could mean there are quite a few people in that category.

I never commented on the number of people who couldn’t open a Chase account.

I am sure that this will be quite a large number.

ashteadgirl

RG2015 said:

ashteadgirl said:

RG2015 said:

I quite like the top 10 table, but surely it is only of interest to those that do not have a Chase account.

Very useful for those that may have filled up Chase and looking for a temporary home for more funds until formulated longer term plans

Fair point, but whether at £85k or £250k, it is likely to be only a small number of people.

Would never put £250k in one account (except NS&I accounts) especially one that brand new to UK and app only. Funds not from house sale so not excempt from over £85k protection. May be being over cautious but do not like all eggs in one basket.

soulsaver

Does the recent rate increase put Aldermore the No1 EA rate for people with no mobile signal/phone?

jimexbox

RG2015 said

Fair point, but whether at £85k or £250k, it is likely to be only a small number of people.

67k should be the maximum a basic rate taxpayer keeps in Chase. As this will take you to the 1k personal savings allowance interest limit, then its taxed. 

Then another account in a partners name would be required. 

rallycurve

jimexbox said:

RG2015 said

Fair point, but whether at £85k or £250k, it is likely to be only a small number of people.

67k should be the maximum a basic rate taxpayer keeps in Chase. As this will take you to the 1k personal savings allowance interest limit, then its taxed. 

Then another account in a partners name would be required. 

That probably suits your circumstances but not everyone's. What if you don't have a partner, or if you have one but are not willing to share your savings with them. 

Anyway, what would you do with anything that goes over 67k? Surely it's not a bad idea keeping them in a 1.5% savings account even if you pay taxes on them. Especially when the highest rate on an easy access cash ISA is 1.05% (equivalent to ~1.30% with taxes)