The Top Easy Access Savings Discussion Area

jimexbox

Not sure Yorkshire BS should be included if it's not open to everyone. 

Section62

where_are_we said:

For quite a while I have kept £10 in my Yorkshire BS Six Access E Saver to make sure I qualify for their very competitive Loyalty products. Their various Regular Saver products mature after 1 year and I`m not sure if having one of these would qualify for these conditions even if you start a new RS when an old one matures.

By default YBS regular saver accounts mature into an account of a different type, but keeping the same account number and other details.

I can't see why whatever a RS account matured into wouldn't work for the 12-month eligibility rule, assuming the account is kept open of course.

Daliah

YBS accounts: remember they won't let you make withdrawals for 14 days from account opening, even on instant access accounts.

soulsaver

Daliah said:

YBS accounts: remember they won't let you make withdrawals for 14 days from account opening, even on instant access accounts.

Good point, at the rate rates are changing... 

PS 'You have 42 days to make your first deposit..'

PPS Anyway I'm off to cancel more RS standing orders...

janusdesign

jimexbox said:

Not sure Yorkshire BS should be included if it's not open to everyone. 

the Rainy Day account is available to everyone, so that would qualify to be #1 in the list... personally, i'd swap them around in the position and just mention the Loyalty a/c in passing, but that's soulsaver's baby to handle how they see best.

jimexbox

janusdesign said:

jimexbox said:

Not sure Yorkshire BS should be included if it's not open to everyone. 

the Rainy Day account is available to everyone, so that would qualify to be #1 in the list... personally, i'd swap them around in the position and just mention the Loyalty a/c in passing, but that's soulsaver's baby to handle how they see best.

Only the rainy day account is stretching the definition of easy access. On the anniversary of opening the account or closing it. 

AndyTh_2

jimexbox said:

janusdesign said:

jimexbox said:

Not sure Yorkshire BS should be included if it's not open to everyone. 

the Rainy Day account is available to everyone, so that would qualify to be #1 in the list... personally, i'd swap them around in the position and just mention the Loyalty a/c in passing, but that's soulsaver's baby to handle how they see best.

Only the rainy day account is stretching the definition of easy access. On the anniversary of opening the account or closing it. 

that's not the case. The 2 withdrawal days can be any time of the year. The "On the anniversary of opening" refers to at what point of the year the number of withdrawals resets back to 2 again.

It's sort of like a limited access account but resets each year.

mebu60

jimexbox said:

janusdesign said:

jimexbox said:

Not sure Yorkshire BS should be included if it's not open to everyone. 

the Rainy Day account is available to everyone, so that would qualify to be #1 in the list... personally, i'd swap them around in the position and just mention the Loyalty a/c in passing, but that's soulsaver's baby to handle how they see best.

Only the rainy day account is stretching the definition of easy access. On the anniversary of opening the account or closing it. 

You just close it, max holding is 'only' £5k. ('only' reflecting the main demographic of this board). 

janusdesign

jimexbox said:

janusdesign said:

jimexbox said:

Not sure Yorkshire BS should be included if it's not open to everyone. 

the Rainy Day account is available to everyone, so that would qualify to be #1 in the list... personally, i'd swap them around in the position and just mention the Loyalty a/c in passing, but that's soulsaver's baby to handle how they see best.

Only the rainy day account is stretching the definition of easy access. On the anniversary of opening the account or closing it. 

as @AndyTh_2 says it's basically a double access (triple I suppose if you include closing it lol) account - and there are other similar accounts of that type on the list.

Nick_C

soulsaver said:

Daliah said:

YBS accounts: remember they won't let you make withdrawals for 14 days from account opening, even on instant access accounts.

Good point, at the rate rates are changing... 

PS 'You have 42 days to make your first deposit..'

PPS Anyway I'm off to cancel more RS standing orders...

I have 3 Regular Savers that are paying 2.5% (Halifax, Lloyds, Santander), but I will be keeping them open for now as they all allow access to my money.  I'm funding them from Chase so keeping them open is as easy as closing them.  I will also be getting 2.6% on my Skipton Tracker ISA from next week, but only until January, and a 2.5% RS might still be useful then.