The Top Easy Access Savings Discussion Area

Nick_C

Oasis1 said:

I'm moving my cash from Chase to Yorkshire BS. Feels good to, given Chase/JP Morgan aren't rated well for their ethics...

Will maintain the account for overseas spending though.

But you were happy to use them when they had a market leading rate.

Fie on your ethics Sir 😉

2010

pearl123 said:

It's a shame Marcus are no longer competative interest rate wise. Chase, I've nearly emptied my account. 

Fed up waiting for Marcus to raise so moved it all out.

janusd

Rollinghome said:

janusdesign said:

Expotter said:

Al Rayan Everyday Saver Issue 3 instant access 1.8%, min £5k, interest (profit) paid monthly.

out of interest, do Al Rayan accept initial test deposits of £1, or do they literally need to be £5k ?

They did take test deposits - but that was a while back. You could also go below £5k without effecting interest rate.

thanks for replying - just to confirm that I opened an account today and funded with a test £1 deposit (via transfer) - it was accepted quickly without issue.

Molehusband

2010 said:

pearl123 said:

It's a shame Marcus are no longer competative interest rate wise. Chase, I've nearly emptied my account. 

Fed up waiting for Marcus to raise so moved it all out.

I sympathise with you over that. However, I've been into and out of savings accounts for decades. I've found the market can be a bit like a lottery - you spend months or years waiting for a particular provider to offer you a good rate and, wow, they can unexpectedly introduce a new account which might rocket them up from the worst to best interest rate.  So what I do now is, rather than moving all my money out from an apparent loser, to leave a minimal amount in their account (eg £1). If they never bring out a worthwhile account, I've lost effectively nothing. Bear in mind particularly that many savings institutions frequently bring out new accounts available to existing customers only. So this enables me to be eligible for whatever they bring out.

Bigwheels1111

I regret not leaving £1 in YBS, as not able to access 5% regular saver.

kaMelo

Bigwheels1111 said:

I regret not leaving £1 in YBS, as not able to access 5% regular saver.

I leaned that mistake with YBS the last time they offered the regular saver a while back.
Cue new easy access accounts at many building societies on the off chance they come up with some form of members exclusive at some point.
It felt a little like the carpet bagging days of the 80's. 

Olinda99

2010 said:

pearl123 said:

It's a shame Marcus are no longer competative interest rate wise. Chase, I've nearly emptied my account. 

Fed up waiting for Marcus to raise so moved it all out.

Marcus now at 1.5% (both instant access and cash ISA)

typistretired

Great always liked Marcus except at weekends. Good to have such a lot of choice of savings

Olinda99

Only laggard now is Atom

Daliah

The latest MSE newsletter, and the Top Savings accounts article, hasn't spotted the 1.8% Al Rayan account yet. May be it's because of the min £5k opening deposit? Thank goodness for the combined knowledge of this forum.