The Top Easy Access Savings Discussion Area

gwapenut

IMO Newcastle accounts aren't generally worth the hassle. They either lure you in then allow the interest rate to become uncompetitive in fairly short order, or if they've guaranteed a competitive interest rate, even for a short period like a year, they then close the account to new funds. Not to new investors - but to new funds.  

It's fine if you want to deposit a lump sum but if you want it as an ongoing in-and-out savings account, look elsewhere.

The T&C which allows them to do this is not highlighted prominently in the summary box but is contained within the product PDF.

"The Society reserves the right to apply a restriction on future Deposits, if we do this we’ll notify you in writing, providing 7 days’ notice of the restriction being applied."

They can and do use this, sometimes after the account has only been open for a month or so. 

soulsaver

ToTP  Recent 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 21/07/2022.. c.11.30 - 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 Shawbrook EA 1.52% £1k min (19/07) Easy Access Savings Accounts | Shawbrook Bank thnx @cloud_dog

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

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

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

5= 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

9 Nationwide Triple Access 1.40% 1.50% (21/07) 1 Year Triple Access Online Saver | Nationwide Thnx @Olinda99

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

11 Secure Trust Bank Access 1.40% 1.45%(21/07) £1kmin  https://www.securetrustbank.com/savings/access-accounts/access-account  Thnx @Thumbs_Up

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

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

12= 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)

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

12= 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 621 & same 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

cloud_dog

Shawbrook EA Issue 29, and EA ISA now 1.52%.

Expotter

On their website, Shawbrook shows  Easy Access Cash ISA ( Issue 20) at 1.4%

soulsaver

cloud_dog said:

Shawbrook EA Issue 29 1.52%

Added into ToTP :thumb: Easy Access Savings Accounts | Shawbrook Bank

george4064

I have a Shawbrook Easy Access - Issue 14 - Monthly, however the account name has 0.05% at the end of it. I received a text message this morning from Shawbrook saying my Easy Access Account interest rate has been increased to 1.51%.

Do I need to message Shawbrook to upgrade my account or can I just transfer funds to my existing issue 14 displaying 0.05% but I’ll actually earn 1.51%? 

cloud_dog

soulsaver said:

cloud_dog said:

Shawbrook EA Issue 29, and EA ISA now 1.52%.

Added into ToTP :thumb: Easy Access Savings Accounts | Shawbrook Bank

Apparently, it is only their non-ISA EA account (Issue 29);. They have just issued a correction SMS.

soulsaver

@cloud_dog edited the quote in my post, ta.

Sea_Shell

Is there any lag on savings in/out of Shawbrook?

cloud_dog

Before 2pm it is the following day (unsure of time it is credited).