The Top Easy Access Savings Discussion Area

Thumbs_Up

mlc2009 said:

I hope NSANDI increase the rates on directsaver etc 
Hope is a big word though

Any reason why you are keeping your money in their at 0.5%.. Millionaire by any chance?

typistretired

Thumbs_Up said:

mlc2009 said:

I hope NSANDI increase the rates on directsaver etc 
Hope is a big word though

Any reason why you are keeping your money in their at 0.5%.. Millionaire by any chance?

Probably has only a £1 in it like me

Thumbs_Up

typistretired said:

Thumbs_Up said:

mlc2009 said:

I hope NSANDI increase the rates on directsaver etc 
Hope is a big word though

Any reason why you are keeping your money in their at 0.5%.. Millionaire by any chance?

Probably has only a £1 in it like me

Then why use the word "hope" it sounds desperate.

soulsaver

OK rate shunters... Easy Access(ish) top 10(ish) of the pots.. BoE now 1.0% (05/05)

As at 06/05/2022.. c.12:00 hrs - Starter for 10; not meant to be comprehensive, DYOR.
Latest changes in bold.
Links added for all accounts. Thanks for all contributions.
Bracketed dates = date rate added/amended here.

1 Chase: Saver 1.50% App only Home | Chase UK

2 Gatehouse Bank 1.30% (04/05) - Sharia; £1k min initial deposit.  Easy access account | Gatehouse Bank | Gatehouse Bank plc 

3 Atom: 1.25% (06/05) App only Instant Saver 1.25% Interest Rate - Easy Access Savings | Atom bank

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

5 Cynergy: 1.20% (14/04) digipass or app for on line access. Existing customers only  Cynergy Bank 

6 Zopa: Smart Saver (app only) 1.20% £85k max (19/04) (NB 7,31,95 day notice, rate boosted options). Smarter Savings built for real life - Zopa

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

8 Al Rayan:1.10% ( 29/04) App only(ish) Everyday Saver (Issue 2) | Islamic banking | Sharia compliant & ethical (alrayanbank.co.uk)

9 Investec Flexi 1.06% on £5k+; NB 0% below £5k. (01/05) Online Flexi Saver from Investec | Instant Access Savings Account 

10= Marcus (and Saga): 1.0%  (08/04) - note shared FSCS protection. Marcus UK | Marcus by Goldman Sachs®

10= Ford Money Flexi 1.0% (01/05) Flexible Savings Account - Easy access savings | Ford Money 

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

Other than VM 2.0% £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

Patr100

I wonder which of these banks have a good reputation for passing on rate rises or should they all , in due course?

mlc2009

Patr100 said:

I wonder which of these banks have a good reputation for passing on rate rises or should they all , in due course?

They all will in due course.... On mortgages

Patr100

mlc2009 said:

Patr100 said:

I wonder which of these banks have a good reputation for passing on rate rises or should they all , in due course?

They all will in due course.... On mortgages

True.

---

mlc2009

It's been a few days since the latest base rate update and I haven't really seen any increases since. Is it possible the current top rate paying accounts already priced it in?

I was hoping someone would beat the chase account at least. Maybe next month

wiseonesomeofthetime

I doubt that anyone will beat 1.50% easy access any time soon.

May match it though.

As you say, for some, it is likely that their current rates allowed for a further BoE rate increase this month.

Nick_C

When banks can borrow from the Bank of England at an interest rate of one percent, why would they want to borrow from you at a rate that is significantly higher than that?

The 1.5% that Chase are offering is a loss leader.  They are buying market share.