The Top Easy Access Savings Discussion Area

soulsaver

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.

Took £5 test of me in May.

soulsaver

Kazza242 said:

Section62 said:

Kazza242 said:

According to Moneyfacts, Ford Money are increasing their Flexible Saver rate to 1.55% this week.  

Confirmed by email just now - 1.55% effective today.

I received the same e-mail too confirming the increase to 1.55% today. 

The new Flexible Saver rate is also on the Ford Money website:  https://www.fordmoney.co.uk/savings-products/flexible-saver

SonOfPearl said:

Skipton have released a Double Access Saver at 1.56%. But it needs a minimum £10k balance.

https://www.skipton.co.uk/savings/easy-access/online-double-access-saver

Thanks both. Updated Top of The Pots page 633 on this thread. One additional above 10th & Chase, amongst others, will be a drop off in the next missive..

quirkydeptless

The regret of having so many savings accounts with different providers, some with £0 or a token amount is the steady influx of emails titled

"Your rate has increased..."

Seems many more to come. First world problems

Nick_C

Well my finances are going to get a little simpler.

I will be closing regular savers with Virgin (1.75%), TSB (2.0%) and Saffron BS (2.05%) on 15 August when my Skipton Tracker ISA increases to 2.1%.

Will also be emptying Virgin M+ savings and Chase unless they go to 2.2%

2010

If rates had gone down, by tomorrow, most of the providers would have reacted and implemented the full cut.

Rates go up and it`s a waiting game and will it be the full .5% rise.

Olinda99

Yes and I would bet that NS&I will be the absolute last to raise rates

Yellowman

Today I registered for the Al Rayan Everyday Saver Account (Issue 3) but there are technical problems affecting many similar applications (confirmed by telephone), so there may be a delay in getting the account up and running.

Molehusband

Olinda99 said:

Yes and I would bet that NS&I will be the absolute last to raise rates

Well my experience of late suggests not to put an instant bet on what any savings provider might do. For example, we've all witnessed Chase making their opening bid with a 1.5% rate some months back. It was worshipped as by far the best rate, yet in the ensuing months the rate hasn't been raised by a millimetre (unless something's changed in the last few minutes)! Instead it's gradually being overtaken by others.

Conversely, we've seen others posting their disdain at their provider (eg Marcus) lagging behind. Then, a day after the poster closed their Marcus account in disgust, the Marcus rate suddenly rocketed up!

My suggestion is, take things easily, and don't rush to instantly close all your savings with one or more providers because another has just upped their rate. Tomorrow you may be confronted with an even better rate by another provider. Give things a little time to settle after today's BoE rate change.

Bigwheels1111

Yellowman said:

Today I registered for the Al Rayan Everyday Saver Account (Issue 3) but there are technical problems affecting many similar applications (confirmed by telephone), so there may be a delay in getting the account up and running.

I tried to open my account with them on the 1/8/22, Got to step 4 and stopped working.

Called on the second and account was up and running in less than 10 minutes.

So far their customer service has been great.

Only made payments in so far, at around 06.30am and credited within 10 mins.

adindas

Post Office does not allowed payment by Direct Debit any more. Payment by debit card is hit and miss and it pays inferior interest rate. So I do not  see any point to keep it ?

What is your opinion ? Have I missed something, is there any point to keep this account ?

If you have a few of them what is the less time consuming way to close it ??

TIA