The Top Easy Access Savings Discussion Area

adindas

For Al-rayan everyday-saver-issue-3

It says here minimum Balance is £5,000

https://www.alrayanbank.co.uk/savings/everyday-saver-issue-3

But from here it says Minimum opening balance £5000.

Also the interest is calculated daily.

Does anyone know what will happen if you put initially £5,000 during the month dropped below £5000 for  a few days. Do not you get interest during this period or they will close your account??

Bridlington1

According to moneyfacts Sainsbury's bank are about to launch issue 31 of their Defined Access Saver. It will pay:

• 1.05% if the balance is between £1 and £1k
• 1.55% if the balance is between £1k and £500,001
• 0.9% for balances above £500,001

It allows 3 withdrawals per annum.

SonOfPearl

The Tesco 1.43% rate promised by Moneyfacts is now active.

Aidanmc

adindas said:

For Al-rayan everyday-saver-issue-3

It says here minimum Balance is £5,000

https://www.alrayanbank.co.uk/savings/everyday-saver-issue-3

But from here it says Minimum opening balance £5000.

Also the interest is calculated daily.

Does anyone know what will happen if you put initially £5,000 during the month dropped below £5000 for  a few days. Do not you get interest during this period or they will close your account??

I have issue 2 which had a deposit minimum of £2500. When the Issue 3 was released, i transferred total balance of Issue 2 over.

My issue 2 is still open, and i expect due interest will be added at end of the month.

What i understand is that a deposit of at least £5000 is required to open the Issue 3, i don't believe there is a requirement to maintain the balance above £5000 after that.

soulsaver

RG2015 said:

Ford Money Flexible Saver up to 1.45% aer.

https://moneyfacts.co.uk/savings-accounts/easy-access-savings-accounts/?quick-links-first=false

As per Moneyfacts, but not on the Ford Money website yet.

Edit, Tuesday morning.

It’s now showing as 1.44% in my account on the app and online, but not as yet on the website..

it is now: Flexible Savings Account - Easy access savings | Ford Money

where_are_we

My Ford Flexible Saver email this morning states 1.45% Gross from today.

soulsaver

Ford & Sainsbury added in update to Top Pots Page 627. Tesco doesn't make the cut, but new rate shown in drop offs. 

adindas

Aidanmc said:

adindas said:

For Al-rayan everyday-saver-issue-3

It says here minimum Balance is £5,000

https://www.alrayanbank.co.uk/savings/everyday-saver-issue-3

But from here it says Minimum opening balance £5000.

Also the interest is calculated daily.

Does anyone know what will happen if you put initially £5,000 during the month dropped below £5000 for  a few days. Do not you get interest during this period or they will close your account??

I have issue 2 which had a deposit minimum of £2500. When the Issue 3 was released, i transferred total balance of Issue 2 over.

My issue 2 is still open, and i expect due interest will be added at end of the month.

What i understand is that a deposit of at least £5000 is required to open the Issue 3, i don't believe there is a requirement to maintain the balance above £5000 after that.

Would you please report the result when your issue 2 interest is paid

Section62

Seems the Virgin M+ saver rates are increasing to 1.7% (and 1.0%) from today.

(email from them just now)

SJMALBA

Section62 said:

Seems the Virgin M+ saver rates are increasing to 1.7% (and 1.0%) from today.

(email from them just now)

They haven't updated their website yet, but now showing in online banking.