The Top Easy Access Savings Discussion Area

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

Zerforax

We currently have our house deposit saved between Chase, Zopa, Cynergy and Marcus. We'll be withdrawing all except maybe 20k for our rainy day fund. Any suggestions on which might be the preferred bank to stay with?

At the moment I'm thinking either Chase or Zopa. Chase because we're using their 1% cashback spending cards and so ease of convenience. Zopa because they seem to have better service and also increase their rates regularly and without having to select a new issue.

k_man

Why not both (or all 4).
Chase for current cashback offer, Zopa for better rates (currently), Zopa also have the boosted pots.

For instant access, you can the follow the rates.

Aidanmc

Anyone managed to successfully open an Al Rayan Issue 3 saver?

I tried, as an existing issue 2 holder, and at the end of application process just received a message that they will be in touch.

edit. just had email, account now open.All good

BlackthornU

Yorkshire Building Society has increased its rates on the Internet Saver Plus Issue 11
to 

£1+ 1.25%
£10,000+ 1.48%

£50,000+ 1.53%

Daliah

Zerforax said:

We currently have our house deposit saved between Chase, Zopa, Cynergy and Marcus. We'll be withdrawing all except maybe 20k for our rainy day fund. Any suggestions on which might be the preferred bank to stay with?

At the moment I'm thinking either Chase or Zopa. Chase because we're using their 1% cashback spending cards and so ease of convenience. Zopa because they seem to have better service and also increase their rates regularly and without having to select a new issue.

Not entirely sure what you are planning to do but be aware that Chase do not do CHAPS, and your daily withdrawal limit is £25k. 

Also, there‘s the FSCS limit of £85k, which you are probably aware of, but I mention it just in case

CheekyMikey

I have only used Chase as a savings account so far, but I moved some money into the current account before I went on holiday to Croatia recently and used the Chase card to pay for everything and withdraw cash. No transaction fees and a really very good conversion rate, plus a few quid cash back. Even as I undoubtedly move my savings out of Chase soon, I’m keeping the account just to have this foreign transaction benefit as I’ve a few more trips lined up.

soulsaver

Bridlington1 said:

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%

Can't see this on Moneyfacts. Have you got a link? Or is this some sort of confusion with Internet Saver Plus Iss11 - which is vaguely similar with different rates and rules? 

soulsaver

Aidanmc said:

Anyone managed to successfully open an Al Rayan Issue 3 saver?

I tried, as an existing issue 2 holder, and at the end of application process just received a message that they will be in touch.

edit. just had email, account now open.All good

Your next mission, should you choose... is to transfer funds from Issue 2 to issue 3. (I have done it).
Flaky, non intuitive app... nearly as bad as the hold 'music'... and NB: I'm a long standing AR fan.
I'm introducing an award for poorly designed apps...  called The (Cr)app Award..lol