The Top Easy Access Savings Discussion Area

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

Bridlington1

soulsaver said:

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%

Have you got a link? Or are you gonna Tell Me Its Just A Rumour Baby- Isley Brothers - Bing video

I believe I've already sent you the link in my reply to your message this morning. Just in case it didn't arrive for whatever reason please find the link below:

https://moneyfacts.co.uk/savings-accounts/easy-access-savings-accounts/?quick-links-first=false&id=null&business-type=16&activity-type=null&investment-amount=5000&investment-type=1&account-types=2048&interest-paid-frequencies=null&terms=null&account-opening-methods=null&account-management-methods=null&notice-periods=null&include-notice-period=true&include-term=true&age=21&has-withdrawal-restrictions=2&existing-customers-only=2&joint-account-only=2

As you will see it is the Family Savings Account at 1.5% (about 7th from the top). I have telephoned my local branch and they have confirmed that they are offering this account. They said it was mainly designed for grandparents saving for grandchildren, however anyone over the age of 18 can open it and use it for their own personal savings. Please feel free to verify this yourself be telephoning YBS using one of the numbers on their website. It will probably be quickest to find the number for your local branch and use that.

janusdesign

soulsaver said:

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 Every Day Saver Iss11 - which is vaguely similar with different rates and rules? 

https://www.ybs.co.uk/savings/product.html?id=YB921546B