The Top Easy Access Savings Discussion Area

masonic

Atom joined COP about 6 months after the initial rollout. COP has nothing to do with Open Banking.

MichaelAP

hgt said:

That's not Confirmation of Payee, in that screen you're trying to add an account via Open Banking. 

masonic said:

Atom joined COP about 6 months after the initial rollout. COP has nothing to do with Open Banking.

Interesting thanks…. Marcus is also not in this list and I am told repeatedly in transactions not COP registered.

I thought as any bank is not in the list they would not warrant confirmation, as in Marcus.

soulsaver

There are no substantial changes since last update(p595) but confirmation of Skipton BS increased rates wef 27/06. 

OK rate topsters... Easy(ish) Access top 10(ish) of the pots.. BoE base rate +0.25 =1.25% (16/06)

Updated at 25/06/2022.. c.01.00 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 Virgin Money 1.56% (03/06)Linked to M plus c.a. £25k max EASY ACCESS SAVINGS | Virgin Money UK

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

3 Zopa Smart Saver(App only) - improved rates(22/06) Access 1.4% Boosted 7day notice 1.45%.  31day 1.60%; 95day 1.8%  Smarter Savings built for real life - Zopa*

4 =Sainsbury Defined Access 1.4% >£1k (24/06) 3 w/ds only before rate drop to 0.80%. Defined Access Saver with Sainsbury's Bank (sainsburysbank.co.uk) 

4= Aldermore Double Access 1.4% (17/06); EA 1.35% new & existing acs;  Personal Savings Accounts - Aldermore Bank 

4= Principality BS Double Access 1.4% (23/06) Online Double Access | Online Double Access (principality.co.uk) Thnx @janusdesign

7 Skipton Triple Access Saver Iss5; 1.36% wef 27/06 (19/06) Note: £5k min balance  Bank of England Base Rate change- Skipton Building Society 
Easy Access Savings - Skipton Building Society  

8= Coventry BS Easy Access 4 1.35% wef 01/07 (22/06) Easy Access (Online) (4) (coventrybuildingsociety.co.uk) Thnx @SJMALBA

8= Atom (App only) Instant Saver 1.35% (17/06): https://www.atombank.co.uk/instant-saver 

10 Yorkshire BS **Tiered** Internet Saver Plus iss 11 1.33% (1.1%<£10k 1.38%>£50k) (03/06) View our Easy Access Savings Accounts | Savings | YBS 

11= Cynergy: 1.32% (27/05) digipass or app for on line access. l (25/05) Cynergy Bank 

11= RCI Freeddom Savings 1.32% (17/06) Savings Accounts | RCI Bank  (ETA Also note their 1.35% 14 day notice ac)

See prior ToTPs for detail on recent 'drop offs...' last posts, pages 595/591.  

Al Rayan, Marcus/Saga, Paragon, Ford Money, Gatehouse, Tandem, Investec. 

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

VM 2.0% £1k limit, Nationwide FlexDirect 5% on £1.5k (1st year only) 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

janusd

soulsaver said:

janusdesign said:

Thumbs_Up said:

Just check my account and my limit is 85k, will be interesting to see what they do with the £92 interest. I will report back and let you know..Just 3 days to transfer now.

just did a quick read of the Smart Saver T&C and 1.4 says....

"Your total balance can go over the maximum when we apply interest."

so you should receive your £92 interest as normal, but you wouldn't be allowed to make further deposits yourself that would take you over the £85k limit... any such deposits would be rejected.

I couldn't see the Smarty Saver terms on the web pages. Is it in the app only?

yes it's only on the app AFAIK - I can recall a thread (might even be this one) asking if their SS T&C were on their site, but I don't believe they are... I pulled that clause from the t&c shown in the App (Smart Saver -> Manage -> Documents -> Terms & Conditions.... scroll down to the separate SS section).

soulsaver

janusdesign said:

soulsaver said:

janusdesign said:

Thumbs_Up said:

Just check my account and my limit is 85k, will be interesting to see what they do with the £92 interest. I will report back and let you know..Just 3 days to transfer now.

just did a quick read of the Smart Saver T&C and 1.4 says....

"Your total balance can go over the maximum when we apply interest."

so you should receive your £92 interest as normal, but you wouldn't be allowed to make further deposits yourself that would take you over the £85k limit... any such deposits would be rejected.

I couldn't see the Smarty Saver terms on the web pages. Is it in the app only?

yes it's only on the app AFAIK - I can recall a thread (might even be this one) asking if their SS T&C were on their site, but I don't believe they are... I pulled that clause from the t&c shown in the App (Smart Saver -> Manage -> Documents -> Terms & Conditions.... scroll down to the separate SS section).

Y I found it in the App, but T&Cs not showing with the rest of the bumf on web is shabby. 

There was other 'interesting' stuff there about changing the deposit limits.

Thumbs_Up

soulsaver said:

Thumbs_Up said:

Ha, wished I read last few post 45 minutes ago, just taken out 25K from Tandem to put in to Zopa and it bounced straight back to my account. Scratching my head why – answer, I already have 85k in the 31 day booster account.

This will be interesting, this 85k with a bit of interest on top is due to be transferred to the easy access pot, when that’s done in a few days time I’ll transfer the 85k (with a bit of interest on top) to the 1.80% 95 days access pot.

Nice..

You likely wont be able to include the interest, as they'll apply the £85 max - assuming they're not applying a different max re immediately prior posts indicating £50k max being applied. 

If they do, this'll be a new category: A variable deposit limit.
And their apparent competence starts to unravel...

85k plus interest added on top now transferred over to the 1.80% 95 days notice account...Well done Zopa

typistretired

Why didn’t you put the £85k in the notice originally. You can click the notice button immediately 

Thumbs_Up

typistretired said:

Why didn’t you put the £85k in the notice originally. You can click the notice button immediately 

My money was held in the 31 days’ notice account, because the account is variable and in my world a calendar month come’s and go’s quickly I was more then happy.

I may give notice soon to  the 95 day notice account, i am not really fussed about it.

jimexbox

I think I'll open a zopa account, 95 day notice account appeals. Especially as it seems zopa apply any increased rates.
I'll leave emergency cash reserve in Chase. 

Black_Cat2

Bit confused with max amount you can save on Zopa, is it £50k or £85k?