The Top Easy Access Savings Discussion Area

Bigwheels1111

I called to check if £1 was all right and Al Ryan said no problem.
Shawbook and Gatehouse were fine with it.
Not found any account that won’t let you do it in the last 2 years.

youngretired

When closing Tesco Internet Savers using the online form, with the balance at £0 then any interest due will go to your nominated account. Your nominated account is the account you picked when you originally opened the Internet Saver.

isasmurf

Molehusband said:

Daliah said:

Molehusband said:

Expotter said:

On their website now Al Rayan Everyday Saver (issue 3) 2.1% Min £5k

That looks a good rate. I've never dealt with Al Rayan before and one of the things that concerns me is the minimum deposit of £5000. I always put in an initial £1 test deposit to check I have the new account details correct. Is there some way I can do that with Al Rayan before I up the balance to the necessary £5000+?

You can do the £1 test alright.

I've just looked at Moneyfacts for this Al Ryan account which says:
"Min Opening Amount £5,000"
so will they still let me pay in an initial £1 for me to test it arrives safely before I top up to £5000+? I don't mind if they pay me no EPR until the balance reaches £5000.

Another question about Moneyfacts, for this account (and many others), in the View Further Details they say:
Early Access Allowed x
What do they mean by x, is that a negative, eg can I not make a withdrawal before a particular time in the day, or can I not make a withdrawal until the account has been open and funded for a minimum period of time, or what?

That is only relevant for notice and term accounts to indicate if you can withdraw money before the end of the notice period or term. In an easy access account it isn't physically possible to have earlier access than immediate. 

RG2015

Molehusband said:

Daliah said:

Molehusband said:

Expotter said:

On their website now Al Rayan Everyday Saver (issue 3) 2.1% Min £5k

That looks a good rate. I've never dealt with Al Rayan before and one of the things that concerns me is the minimum deposit of £5000. I always put in an initial £1 test deposit to check I have the new account details correct. Is there some way I can do that with Al Rayan before I up the balance to the necessary £5000+?

You can do the £1 test alright.

I've just looked at Moneyfacts for this Al Ryan account which says:
"Min Opening Amount £5,000"
so will they still let me pay in an initial £1 for me to test it arrives safely before I top up to £5000+? I don't mind if they pay me no EPR until the balance reaches £5000.

Another question about Moneyfacts, for this account (and many others), in the View Further Details they say:
Early Access Allowed x
What do they mean by x, is that a negative, eg can I not make a withdrawal before a particular time in the day, or can I not make a withdrawal until the account has been open and funded for a minimum period of time, or what?

For easy access accounts, this is clearly poor design.

They use the same format for all types of account. It should really be shown as n/a (not applicable).

soulsaver

jaypers said:

Investec Online Flexi Saver up from 1.4% to 1.7%

Thank you. 
£5k min to get 1.70%.  It just fails to make it into the top 10 ranking.

Online Flexi Saver from Investec | Instant Access Savings Account

Bridlington1

According to Moneyfacts, Cambridge BS will soon be increasing the interest rate on their your saver account to 1.75%.

10_66

Re Al Rayan, I'm aware that the minimum opening balance is £5K (with the exception of test £1), but I can't find what they say re minimum operating balance (unless there isn't one, and you just don't receive interest until £5K)?

Bigwheels1111

10_66 said:

Re Al Rayan, I'm aware that the minimum opening balance is £5K (with the exception of test £1), but I can't find what they say re minimum operating balance (unless there isn't one, and you just don't receive interest until £5K)?

Why not call them, the are very polite and helpful.
Or go with Gatehouse bank at 2.0% from £1.

10_66

Bigwheels1111 said:

...Or go with Gatehouse bank at 2.0% from £1.

I'm already with Gatehouse.

Winchmore_Hill_Shot

I was wondering the same re Al Rayan.  I don't think there is a minimum operating balance but their T&Cs don't say one way or another.  From what I've seen on other threads my impression is that you get the interest whatever the balance.

If you do ring them, let us know what they say.