The Top Easy Access Savings Discussion Area

Bridlington1

Bigwheels1111 said:

Why list 1.65% with Principality listed when you can get 1.9% Al Ryan.

I dont get it ?.

I agree with @mebu60. Also some people simply don't have £5k to make the minimum deposit for Al Rayan. Also it makes sense to have more than one easy access account in case you have problems with one of your accounts, i.e account getting frozen, bank having a technical meltdown etc.

Bigwheels1111

I have 3 to cover my funds while I wait for a better fixed rate deal.

All pay more.

Al Ryan        1.90%

Zopa            1.81%

Shawbrook  1.75%

Plus emergency saving split between 4 banks.

I want the best rate I can get.

So jump ship for better rate, not lower rates, but thats just me.

SonOfPearl

Bigwheels1111 said:

I have 3 to cover my funds while I wait for a better fixed rate deal.

All pay more.

Al Ryan        1.90%

Zopa            1.81%

Shawbrook  1.75%

Plus emergency saving split between 4 banks.

I want the best rate I can get.

So jump ship for better rate, not lower rates, but thats just me.

I also want the best rates I can get, but not at the expense of other things that matter to me. I wouldn't save money with any of the three banks you mentioned for various reasons, but that's just me. Each to their own. 

refluxer

Bigwheels1111 said:

I have 3 to cover my funds while I wait for a better fixed rate deal.

All pay more.

Al Ryan        1.90%

Zopa            1.81%

Shawbrook  1.75%

Plus emergency saving split between 4 banks.

I want the best rate I can get.

So jump ship for better rate, not lower rates, but thats just me.

Those banks/accounts suit your needs which is great but (playing devil's advocate) some people may not want to save with a sharia bank (or don't have the minimum required), not be into app-only banking or have been put off Shawbrook after reading about their customer service problems.

While that Principality rate of 1.65% is obviously not appropriate for you, it's higher than the likes of Chase, Marcus, Atom and Tesco (and a LOT of people on here will have those accounts), they have high-street branches and the last time I needed to phone them (with an ISA query), I got through to a human straight away which is a rarity these days

While there are a lot of rate chasers on here (myself included), we shouldn't forget that there are other factors that might affect decisions on whether to choose a particular account or not.

UncleK

Indeed which is why it's good to have the long list

refluxer

km1500 said:

Don't suppose there is a chance of having a 'nochat' version of this thread (as well as keeping this one of course)

If you just want a list of the top accounts without any discussion, then comparison sites like Money Facts are the best option. 

10_66

veryintrigued said:

Cynergy

Can someone reminde.how long funds take to show on these accounts.

Currently waiting for three hours for a slightly less than £10k from Nationwide 

TIA

veryintrigued, how long did it take for your funds to be received into Cynergy, please?  Although long time account holder with them, I didn't have a recent payment set up with my sending bank (due to their constant new accounts), so set up a new payment today.  Usually, I've found payments go through quite quickly, but nothing's been received yet.

Geoffo_M

SJMALBA said:

Charter Savings Bank EA Issue 27 - 1.75% (5k min.)

https://chartersavingsbank.co.uk/Products/EasyAccess

It's a shame every time you have to open a new account & transfer your funds over; I'd only just done that with their issue 26, if only they'd just raise the interest rate on all accounts, but I suppose they're trying to attract new money & happy to leave savers in existing accounts languishing. 

CheekyMikey

km1500 said:

Don't suppose there is a chance of having a 'nochat' version of this thread (as well as keeping this one of course)

Got excited today…saw there were 89 new posts since I last looked two days ago and thought there must be some great new rates announced. Disappointed to see about 80 of those posts were just about rates on various Cynergy accounts or something…skipped over most of it. Hope I didn’t miss a nugget buried in there somewhere 😀

SJMALBA

Geoffo_M said:

SJMALBA said:

Charter Savings Bank EA Issue 27 - 1.75% (5k min.)

https://chartersavingsbank.co.uk/Products/EasyAccess

It's a shame every time you have to open a new account & transfer your funds over; I'd only just done that with their issue 26, if only they'd just raise the interest rate on all accounts, but I suppose they're trying to attract new money & happy to leave savers in existing accounts languishing. 

Indeed, but they're not alone in doing it that way, and opening a new account & transferring seems quite simple, from my past experience.