The Top Easy Access Savings Discussion Area

castle96

Mmmm. Just found 2 x Internet Savers (one with £2k in !!) and one shows a rate of 0.35 and the other .94. Neither shows a bonus rate added to it. Any thoughts please?

refluxer

castle96 said:

Mmmm. Just found 2 x Internet Savers (one with £2k in !!) and one shows a rate of 0.35 and the other .94. Neither shows a bonus rate added to it. Any thoughts please?

Doesn't the bonus rate just last for 12 months ? The bonus interest is paid on the anniversary of account opening and beyond that, presumably the account reverts to the basic rate.

Expotter

If anyone is interested, Santander has just released an easy access eISA ( Issue 15) at 1.85%. Min £500. 
Their 1 year fixed rate ISA is also pretty decent at 3.0% ( and you get a £50 evoucher if you transfer £10k from a non-Santander ISA).

SonOfPearl

castle96 said:

Mmmm. Just found 2 x Internet Savers (one with £2k in !!) and one shows a rate of 0.35 and the other .94. Neither shows a bonus rate added to it. Any thoughts please?

If you want to stick with Tesco you could open the current 1.71% Internet Saver and transfer the balances from your two old accounts into it yourself online. Then, if you want to close the old accounts I've found it best to phone them. Any interest you are still due on the old accounts is added to your balance on closure, and could also be transferred into the new Internet Saver if you want.  

mebu60

Expotter said:

If anyone is interested, Santander has just released an easy access eISA ( Issue 15) at 1.85%. Min £500. 
Their 1 year fixed rate ISA is also pretty decent at 3.0% ( and you get a £50 evoucher if you transfer £10k from a non-Santander ISA).

Shame they were so tardy in increasing the rate a month or so ago, Was 0.8% if I recall correctly when Paragon Triple Access was 1.85% and Tesco 1.51% now 1.61% so I transferred out (into Tesco, Paragon was 'full'). 
Won't be transferring back. Apart from anything else my two main current accounts are with Santander so having the cash ISA with them gave me FSCS 85k palpitations from time to time! 

soulsaver

Expotter said:

If anyone is interested, Santander has just released an easy access eISA ( Issue 15) at 1.85%. Min £500. 
Their 1 year fixed rate ISA is also pretty decent at 3.0% ( and you get a £50 evoucher if you transfer £10k from a non-Santander ISA).

Warning, Thread drift. 
Warning, Small print exclusion: To get the £50 e-voucher it has to be a FULL transfer and be £10k or above... according to the terms you can't do a partial and get the voucher   

Otherwise pretty good; for people who pay BR tax on savings interest, it's the equiv of a 1 year fix at 3.75%...

Being discussed here: Cash ISAs: The Best Currently Available List - Page 485 — MoneySavingExpert Forum

Expotter

Santander's eISA at 1.85%  is still an easy access account though and equivalent to 2.31% if you pay tax on interest (at 20%, more if it's at 40%) so quite competitive I'd say. 
Sorry for the drift, but worth mentioning I thought.

soulsaver

Section62 said:

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!! 

Great spot, thanks for sharing it with us.

Worth noting that Tesco have previous form for reducing the fixed bonus rate on offer when they increase the underlying variable rate - so there's no guarantee that the 1.46% bonus rate will still be available for accounts opened on or after 13 September.  Indeed, the bonus rate on offer could change at any time.  People wanting this account with a potential overall rate of 1.81% probably shouldn't hang around before making their application.

That was a great shout....

GalacticaActual

I have just received an email from Yorkshire Building Society. They're making changes to most of their variable savings accounts from 20th November 2022.

My Internet Saver Plus Issue 9 is being changed to an Issue 2, for example.

It would appear there will only be two tiers of interest:
up to £20,000;
and above £20,000.01
for most of the on-sale variable savings accounts. 

The lowest interest tier being introduced (up to £20,000) will pay the higher rate of interest. 😕

Current and future interest rate PDF:
YBM 1607 Current Savings Interest Rates ST 01 09 22.indd (ybs.co.uk)

We’re simplifying our range of products – which means changes to your account(s)
As part of our regular review process, we’re reducing the number of savings products we have, making it simpler for many members to manage their accounts.

We want to let you know about some important changes we are making to one or more of the variable rate savings accounts you hold with us.
As there is quite a bit of information within this email, we would recommend you read it on a desktop device.

soulsaver

GalacticaActual said:

I have just received an email from Yorkshire Building Society. They're making changes to most of their variable savings accounts from 20th November 2022.

My Internet Saver Plus Issue 9 is being changed to an Issue 2, for example.

It would appear there will only be two tiers of interest:
up to £20,000;
and above £20,000.01
for most of the on-sale variable savings accounts. 

The lowest interest tier being introduced (up to £20,000) will pay the higher rate of interest. 😕

Current and future interest rate PDF:

YBM 1607 Current Savings Interest Rates ST 01 09 22.indd (ybs.co.uk)

All the accounts listed in the PDF you link to are 'No Longer Available' as at 01/09.
If you want the earlier 'tiered' option IS plus iss 12 is available at the 3 rates up to 1.75%:

Product Details | Savings Product Finder | YBS

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