The Top Easy Access Savings Discussion Area

wiseonesomeofthetime

I won't bother with Tesco Bank Instant Saver again until they become competitive against the other saving accounts I hold, i.e. 1.50% minimum

Bridlington1

I've discovered Yorkshire Building Society has just launched a new savings account called the Family Savings Account. It's showing up on the moneyfacts website but it's not showing up on their website yet but I have just spoken to someone from my local branch who has confirmed it is available to anyone over the age of 18.

A brief summary:
-Can be opened in branch or by post only
-Can be managed online, by post or in branch
-Allows 3 withdrawal days/year including account closure
-Instant access
-Interest paid monthly and is variable
-You do not need to be an existing YBS member to open this account

Providing the account balance is £1 or more interest paid is tiered:
-The first £9999.99 pays 1.5%
-The portion between £10k and £19999.99 pays 1.4%
-The portion between £20k and £29999.99 pays 1.3%
-The portion above £30k pays 1%

BigBlueSky

Al Rayan Bank

Everyday Saver (Issue 3)

1.60% (Expected Profit Rate) - Easy Access

Thumbs_Up

BigBlueSky said:

Al Rayan Bank

1.60% (Expected Profit Rate) - Easy Access

Do you, or you just might get the 1.60% ?

KTF

BigBlueSky said:

Al Rayan Bank

Everyday Saver (Issue 3)

1.60% (Expected Profit Rate) - Easy Access

5k min deposit.

To answer the other question the expected profit rate has always been paid.

Daliah

KTF said:

BigBlueSky said:

Al Rayan Bank

Everyday Saver (Issue 3)

1.60% (Expected Profit Rate) - Easy Access

5k min deposit.

Conflicting info on their website. Says £5k in one place, £2.5k in another, on the same page. https://www.alrayanbank.co.uk/savings/everyday-saver-issue-3

It‘s not clear what happens if your balance drops below £5k. Their example calculation seems to imply a lower rate. Though it could all be the result of a hastily thrown together web page…..

Although I like Al Rayan, I might stick with Virgin Money for the time being

ashteadgirl

Daliah said:

KTF said:

BigBlueSky said:

Al Rayan Bank

Everyday Saver (Issue 3)

1.60% (Expected Profit Rate) - Easy Access

5k min deposit.

Conflicting info on their website. Says £5k in one place, £2.5k in another, on the same page. https://www.alrayanbank.co.uk/savings/everyday-saver-issue-3

It‘s not clear what happens if your balance drops below £5k. Their example calculation seems to imply a lower rate

Although I like Al Rayan, I might stick with Virgin Money for the time being

Agree confusing on the website.  Also the  example given with end of 12 month value is incorrect as not 1.6%.   Need to sort the website out as VERY misleading.

janusdesign

Daliah said:

KTF said:

BigBlueSky said:

Al Rayan Bank

Everyday Saver (Issue 3)

1.60% (Expected Profit Rate) - Easy Access

5k min deposit.

Conflicting info on their website. Says £5k in one place, £2.5k in another, on the same page. https://www.alrayanbank.co.uk/savings/everyday-saver-issue-3

... and the Instant Access Savings PDF on that page says £500... one of them must be right lol.

their estimated example seems to imply a rate of 1.5%... it's probably just a bad copy & paste.

Rollinghome

janusdesign said:

Daliah said:

KTF said:

BigBlueSky said:

Al Rayan Bank

Everyday Saver (Issue 3)

1.60% (Expected Profit Rate) - Easy Access

5k min deposit.

Conflicting info on their website. Says £5k in one place, £2.5k in another, on the same page. https://www.alrayanbank.co.uk/savings/everyday-saver-issue-3

... and the Instant Access Savings PDF on that page says £500... one of them must be right lol.

their estimated example seems to imply a rate of 1.5%... it's probably just a bad copy & paste.

AlRayan has become very chaotic recently, combined with terrible service at times.  And I assume they're playing that game again, bringing out another new issue rather than increase the rate for existing accounts. 

Customers then have the faff of opening a new account or, for those who don't keep a beady eye on them, missing out. For all their ethical stance, many banks do better.

I gave up on them. They're not worth the faff when rates are still far from settled.  They need to learn from Zopa how to win customer loyalty.

soulsaver

ToTP  New Number 1....

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

Updated at 18/07/2022.. c.20.30 - Starter for 10; not comprehensive, DYOR.

Latest/recent changes in bold. Links added for all accounts. Thanks for all contributions.
Bracketed dates = date rate added/amended here.

1 Al Rayan Everyday Saver iss 3. £5k min(£2.5K?)1.60% (14/07) App onlyish. Everyday Saver (Issue 3) | Islamic banking | Sharia compliant & ethical (alrayanbank.co.uk) Thnx @BigBlueSky

2 Virgin Money 1.56% (03/06)c/w M plus c.a. £25k max EASY ACCESS SAVINGS | Virgin Money UK

3 Zopa Smart Saver(App only) - £50k max for newbs. Improved rates(11/07) Access 1.5%. Boosted 7day notice 1.55%.  31day 1.65%; 95day 1.85%  Smarter Savings built for real life - Zopahgt

4= Chase: Saver 1.50% (28/03) c/w c.a. App only Home | Chase UK

4= Newcastle BS 1.5% triple access (18/07) Newcastle Triple Access Saver (Issue 2)cosh25

4= Family BS 1.50% £1k min (14/07) Exclusive Easy Access Savings Account | Family Building Society

7 Yorkshire BS*Tiered* Internet Svr Plus iss 11 improved rates 1.48% (1.25%<£10k 1.53%>£50k) (04/07) View our Easy Access Savings Accounts | Savings | YBS  BlackthornU  Also research  1.5% <£10k with restrictions Savings Account - More Information | YBS thnx @Bridlington1

8 Cynergy EA; 1.46% inc 1yr bonus (07/07) Cynergy Bank

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

9= Secure Trust Bank Access 1.40% (02/07) £1k min 
https://www.securetrustbank.com/savings/access-accounts/access-account

9= Shawbrook E. A. 1.40% (06/07) £1k min £85K max (solo).  Easy Access Savings Accounts | Shawbrook Bank 

8= Sainsbury Defined Access 1.40% >£1k (24/06) 3 w/ds only before rate drop to 0.80%. Defined Access Saver with Sainsbury's Bank (sainsburysbank.co.uk)

9= Nationwide Triple Access 1.40%(08/07) 3w/d drop to 0.1%)1 Year Triple Access Online Saver | Nationwide 

9= Aldermore Double Access 1.40% (17/06); EA 1.35% new & existing acs;  Personal Savings Accounts - Aldermore Bank 

9= Principality BS Double Access 1.40% (23/06) Online Double Access | Online Double Access (principality.co.uk) 

See prior ToTPs for detail on recent 'drop offs...'. Last posts, pages (this 617) 612/605.  

Tesco, Ford Money, Atom, Tandem, Cov BS, Cynergy, RCI, Marcus/Saga, Paragon, 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