The Top Easy Access Savings Discussion Area

soulsaver

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Lions21

soulsaver said:

jackonet said:

Hey all,
Was looking to sign up to Raisin but notice it sets up a Starling account to fund whatever savings accounts are set up. I'm already with Starling for my main current acount so was wondering if this will cause any issues before I sign on the dotted line

PS You may want to visit the fixed interest threads - AFAIK Raisin doesn't do easy access so doesn't get discussed in this thread much.

I have just looked on my Raisin Account - I have only opened a fix but just looked and can see easy access accounts such as UBL 1.76%, Hoist 1.75% and Brown Shipley 1.55%.
Am I missing something?

cymruchris

soulsaver said:

jackonet said:

Hey all,
Was looking to sign up to Raisin but notice it sets up a Starling account to fund whatever savings accounts are set up. I'm already with Starling for my main current acount so was wondering if this will cause any issues before I sign on the dotted line

PS You may want to visit the fixed interest threads - AFAIK Raisin doesn't do easy access so doesn't get discussed 

They have got them / and current best rate is within the up to date top 10.. 

jaypers

Pompeydave1967 said:

Very surprised that chase havnt finally upped their rate. Yes they were the market leaders some time ago and took everyone’s money but I did expect maybe 1 increase. I check everyday in anticipation but nothing. Some have said ‘why should they’ increase rates as were miles ahead of the competition months ago…who knows they might do a straight to 2%….waiting.

I am not at all. As a business they launched a loss leader to get the numbers of customers on board that they needed. Most people won’t bother chasing higher rates so they are now reaping the rewards. Personally I’ve now moved most of my savings out of Chase. If the majority did the same then the Chase rate would more than likely increase to get the customer base back. That’s business……they are there to make money not help people. 

Daliah

jackonet said:

Hey all,
Was looking to sign up to Raisin but notice it sets up a Starling account to fund whatever savings accounts are set up. I'm already with Starling for my main current acount so was wondering if this will cause any issues before I sign on the dotted line

In the very early days, you couldn’t sign up to Starling if your phone number was already used in a ‘Raisin Starling’ They fixed that. Later, there used to be some confusion with Starling CS when people had both, a Starling and a ‘Raisin Starling’ account, which has technically been possible for several years now. I think they have fixed this as well quite some time ago. Other than that, I am not aware of any issues. I am still holding both accounts though I haven’t used Raisin in a long time as I could always find better offers elsewhere.

mebu60

SonOfPearl said:

Tesco's latest issue of their Internet Saver Account offers 1.71% (includes a fixed bonus of 1.46% for 1 year).

https://www.tescobank.com/savings/flexible/internet-saver/

If I understand the message on Tesco Bank website correctly the underlying variable 0.25% will increase to 0.35% on 13 September which will make the overall rate 1.81% at that time. Without having to open a new Internet Saver!! 

ColdIron

Can you tell us where you are seeing that so we can all have a look?

Edit: Found it

• Tesco Bank are increasing the interest rate on Internet Saver, Instant Access Cash ISA, and Instant Access Saver Account.
• Our standard underlying rate (variable) will increase from 0.25% Gross/AER to 0.35% Gross/AER on 13 September 2022.

https://www.tescobank.com/savings/

brixtonia

Hello,

My question relates to the 85,000 protection on these accounts. I have recently taken out a mortgage to release capital, some of which I do not need right away and intend to put into interest bearing accounts. The amount I do not need immediately is in excess of the 85,000 protection limit. The mortgage is with Paragon and I note that they also offer a recommended easy access savings account. What I am interested to know is, if the bank were to collapse, would my loan and savings be treated entirely separately, or would my savings be offset against my debt such that they are, in effect, protected? 

Cheers!

where_are_we

mebu60 said:

SonOfPearl said:

Tesco's latest issue of their Internet Saver Account offers 1.71% (includes a fixed bonus of 1.46% for 1 year).

https://www.tescobank.com/savings/flexible/internet-saver/

If I understand the message on Tesco Bank website correctly the underlying variable 0.25% will increase to 0.35% on 13 September which will make the overall rate 1.81% at that time. Without having to open a new Internet Saver!! 

Good Spot! However, opening a new Tesco Bank Internet Saver every time they increase the fixed bonus interest rate is a bit of a pain. Also this makes for Tesco annual interest figures to be more complicated than necessary. Then there is the pain of having to close old Internet Savers once you have 6.

UncleK

Indeed it is a pain having to close the old accounts. And what we found odd is that although the old accounts sit there with a zero balance, in some cases for years, when you ring them up to close them, there's tens or a few case over a hundred quid in there. The interest not credited finally getting credited and then that itself getting interest.