The Top Easy Access Savings Discussion Area

soulsaver

refluxer said:

soulsaver said:

Key Features - immediately under min operating balance £1000, in big letters minimum opening deposit £1000. 

eta and note: 

• Minimum £1,000 for each subsequent deposit

Thanks. The reason I asked is that many banks obviously having minimum operating balances for their accounts, but I've not come across many other accounts with similar restrictions on deposits. Imposing a £1000 minimum opening deposit when you're (presumably) not part of the CoP scheme (and especially when there are accounts elsewhere paying around the same rate or higher but without any deposit restrictions) means I would just look elsewhere, personally.

Well today it's good you have the choice as 1.4% is easily achievable with several other providers.

In circumstances you (I) were applying for a market leading rate & where the minimum rule is clear (as it is here) I'd just make absolutely certain the sort code and ac numbers were correct - just like I did for 20+ years of internet banking before COP etc was introduced. 

Section62

refluxer said:

soulsaver said:

Key Features - immediately under min operating balance £1000, in big letters minimum opening deposit £1000. 

eta and note: 

• Minimum £1,000 for each subsequent deposit

Thanks. The reason I asked is that many banks obviously having minimum operating balances for their accounts, but I've not come across many other accounts with similar restrictions on deposits. Imposing a £1000 minimum opening deposit when you're (presumably) not part of the CoP scheme (and especially when there are accounts elsewhere paying around the same rate or higher but without any deposit restrictions) means I would just look elsewhere, personally.

The Nottingham BS used to do this - they still might, but they haven't had an account attractive enough for me to open and find out for some time.

They told me the fact the payment had been returned was 'proof' it had gone to the right account, even though the system the CSA was using had no record of the payment being received or processed.

Thumbs_Up

soulsaver said:

refluxer said:

soulsaver said:

Key Features - immediately under min operating balance £1000, in big letters minimum opening deposit £1000. 

eta and note: 

• Minimum £1,000 for each subsequent deposit

Thanks. The reason I asked is that many banks obviously having minimum operating balances for their accounts, but I've not come across many other accounts with similar restrictions on deposits. Imposing a £1000 minimum opening deposit when you're (presumably) not part of the CoP scheme (and especially when there are accounts elsewhere paying around the same rate or higher but without any deposit restrictions) means I would just look elsewhere, personally.

Well today it's good you have the choice as 1.4% is easily achievable with several other providers.

I would prefer my interest paid monthly. So for me the choice can be limited.

murphydavid

UncleK said:

Anyone had any experience or can offer the best way to deal with Sainsbury’s Bank? We sent them two letters (in the same envelope) so we know they got them – one from my wife and one from me to close her account and our joint account in early June. They eventually wrote to me asking me to call them which I did – that was painful and after a bit of to and fro I asked why the letter wasn’t sufficient to close the account as it has the details they needed. Geezer said he’d call back – that’s was a week ago. And my wife has heard nothing at all.

Tried calling again yesterday and listened to half an hour of their music, which of course is why we wrote letters, as our online access is not working.

So, is (or should) a letter be sufficient to close an account? I know they are being careful, but even so, the account details are the ones they already have on record.

And are Sainsbury’s Bank always like this?

You say "online access is not working" for two separate accounts. Did this happen after the letters were received or before?
As a rule of thumb for the future. In addition to opening accounts with £1 deposit I always reduce the capital in my accounts to £1 before closing them. That way access should remain in place till there is only £1 left to loose track of.
Sorry not to be of any immediate help but if I had a significant sum in an account and lost access and could get no suitable response from the provider I would issue a written complaint ASAP thus paving the way to going to the ombudsman. Unless you know of a good reason why you lost access.
What was the to and fro? Were they unable to close the accounts when you rang?

Thumbs_Up

Thumbs_Up said:

 Question is where is my £1, it seems it hasn’t been returned to my donor account.

£1 now reimburse.

cloud_dog

Shawbrook Easy Access now 1.4%

soulsaver

ToTP

OK rate tappers... Easy(ish) Access, Top (10 ish) Of The Pots.. BoE base rate +0.25 =1.25% (16/06)

Updated at 08/07/2022.. c.14.00 - Starter for 10; not 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% (28/03) App only Home | Chase UK

3 Cynergy EA; 1.46% inc 1yr bonus (07/07) Cynergy Bank thnx whatleytom87

4 Al Rayan Everyday Saver iss 2. 1.45% (29/06) App onlyish. Everyday Saver (Issue 2) | Islamic banking | Sharia compliant & ethical (alrayanbank.co.uk)  

5 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*

6= Gatehouse Easy Access 1.40% (Shariah) 28/06 £1k initial. Easy access account | Gatehouse Bank | Gatehouse Bank plc

6= Secure Trust Bank Access ac1.40% 02/07) £1k min 
https://www.securetrustbank.com/savings/access-accounts/access-accountOK rate tippers... Easy(ish) Access top 10(ish) of the pots.. BoE base rate +0.25 =1.25% (16/06)

6= Shawbrook E. A. 1.4% (06/07) £1k min £85K max (solo).  Easy Access Savings Accounts | Shawbrook Bank thnx @cloud_dog

6= 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)

6= Nationwide Triple Access 1.4%(08/07) 3w/d drop to 0.1%)1 Year Triple Access Online Saver | Nationwide thnx @janusdesign

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

6= Principality BS Double Access 1.4% (23/06) Online Double Access | Online Double Access (principality.co.uk) 

13 Skipton Triple Access Saver Iss5; 1.36% wef 27/06 (19/06) Note: £5k min balance  
Easy Access Savings - Skipton Building Society  

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

14= Tandem Iasa 1.35% App only A greener way to save for the future (tandem.co.uk)WillowLea1962

16 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 

See prior ToTPs for detail on recent 'drop offs...' last posts, pages 605/595/591.  

 Cov BS, Cynergy, RCI, Marcus/Saga, Paragon, Ford Money, Tandem, Investec. 

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

Also small balance, high rate: 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

fryedslyce

Coventry have pulled their 1.35% Easy access account.

soulsaver

fryedslyce said:

Coventry have pulled their 1.35% Easy access account.

Thanks for that.
Weird - only available for less than a week? It appears to be applied to existing accounts though - I have the monthly showing at 1.34%. 

4justice2

soulsaver said:

fryedslyce said:

Coventry have pulled their 1.35% Easy access account.

Thanks for that.
Weird - only available for less than a week? It appears to be applied to existing accounts though - I have the monthly showing at 1.34%. 

Does seem odd to pull that account. Leaves a gap in their range. Wonder if they're planning to relaunch with a slightly better interest rate? Just beats Marcus but below a lot of other easy access accounts.