The Top Easy Access Savings Discussion Area

Eco_Miser

Nick_C said:

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.

Answered your own question there. So, which other banks will be willing to buy market share?

Thumbs_Up

2010 said:

Marcus slow to react again.

I'm max out on Marcus, just got a text from Atom they have upped to 1.25%.. Some one already  mention this a few days back.

fwdrew

I've taken all my money out and left £1 in Marcus to keep it open. They have very slow to react for ages now and seem to be not a patch on what they used to be. So many better offers around.

SJMALBA

Not sure if this has already been mentioned, but, Al Rayan has increased its 'Everyday Saver (issue 2)' from 1.1% to 1.31%, effective 9.5.22.

https://www.alrayanbank.co.uk/savings/everyday-saver-issue-2

soulsaver

SJMALBA said:

Not sure if this has already been mentioned, but, Al Rayan has increased its 'Everyday Saver (issue 2)' from 1.1% to 1.31%, effective 9.5.22.

https://www.alrayanbank.co.uk/savings/everyday-saver-issue-2

Thanks, I'll include that in my next ToTP post later...:thumb:

ETA Unless they've not yet updated existing Everyday Branch Saver they haven't applied this to existing accounts. 

GalacticaActual

Atom Bank have posted on their Facebook page this afternoon that they’re now a Confirmation of Payee responder just in case you’re a new customer and wanted some reassurance when transferring funds over:

We are now able to respond to an account name verification service called Confirmation of Payee, making payments into your saving products even more secure.
Faster 🏃 Easier 👍 More secure 🔒

Patr100

My Atom year fixed is maturing tomorrow -  to hold the amount for now I'm moving it to their easy access instant saver 1.25%
- til something better comes along - the Atom app works quite well so it was all set up in a few minutes
rather than shifting it to another easy access bank with virtually the same interest rate.

techwatcher

Nick_C said:

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

I agree - wonder what Chase plans to do with the market share they are currently buying?

typistretired

Thumbs_Up said:

2010 said:

Marcus slow to react again.

I'm max out on Marcus, just got a text from Atom they have upped to 1.25%.. Some one already  mention this a few days back.

Yes Atom increased its rate to 1.25% on 3rd May don’t why it has taken them so long to send emails out

soulsaver

ToTP

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

As at 10/05/2022.. c.23:00 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 Al Rayan:1.31% ( 10/05) Min £2.5k App only(ish) Everyday Saver (Issue 2) | Islamic banking | Sharia compliant & ethical (alrayanbank.co.uk) Note check if applied to existing acs? thnx @SJMALBA

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

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

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

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

7 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

8 Tandem: 1.10% App only A greener way to save for the future (tandem.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