The Top Easy Access Savings Discussion Area

Bridlington1

snnexus6 said:

Anyone thoughts on 1 year fixes, I know this is the easy access forum, but with 1 year fixed savers at over 4% and the top(ish) easy access currently at 2%, do we expect easy access savers to be at 6% in a years time, IE so it’s an average 4% and matching the yearly fixed rate?

Crystal ball might help! 

I'm personally holding off 1Y fixes for now. Rather than looking at easy access vs fixed I'm looking at regular savers vs fixed.

I've got most of the money I would have fixed in regular savers, pretty much all of which allow penalty free withdrawals and/or early closure and many of them are variable. I predict that the total interest I am getting across all of my regular savers over the next year will work out to being more than I would have got if I'd fixed at 4% now.

snnexus6

Yes, and also probably best to wait until the top rates start to flatten out then consider longer fixes

Silverbullet036

I think it would depend on whether you like to put all your eggs in 1 basket. Many of us like to drip feed in and operate a 'ladder' savings strategy. At the moment 4+% seems reasonable for the next rung on my ladder and in a months time it's not unreasonable to expect 5+% the way things are going

Bigwheels1111

surreysaver said:

Daliah said:

Gatehouse Easy Access - a bit more information for new account holders

After having opened the account yesterday, and making several deposits from my nominated account, today I can see a message in the app, saying "Your nominated account must be authenticated before it can be used for withdrawals". There is no explanation in the app how this authentication works, but if you log into online banking they tell you that they will send you an authentication code in the post, and you then enter this code in online banking to complete the authentication process. This sounds like a security measure - not 100% foolproof but better than not verifying the nominated account.

Cheers for that. There's no explanation anywhere of this, so was wondering myself.
Same with Ford Money, but they explain it on their website

It worked well, opened account and filled it.
Four days later code arrive, entered it in the box.
All done. 

NameWithheld

Bridlington1 said:

Tandem's instant access saver account is now paying 1.85%.

Still says 1.65% in the app. Not that it makes any difference on my £1 balance.

BigBlueSky

Anyone know what the Cambridge BS and Sainsburys account are like for deposits and withdrawals in terms of how long it takes?  Are they near instant?

Thanks in advance 

swanfan02

BigBlueSky said:

Anyone know what the Cambridge BS and Sainsburys account are like for deposits and withdrawals in terms of how long it takes?  Are they near instant?

Thanks in advance 

I requested a withdrawal from the CambridgeBS on Sunday morning & it was in my linked account by 6.30am Monday. I tend to make deposits using a debit card, I’ve not used faster payments into the Cambridge as yet

soulsaver

ToTP updated latest here with Cambridge BS & Sainsbury's (Tandem doesn't make the 10, but included for now in the BIG ToTP list).

There's quite a few dropping off in tomorrow's month & weekend update.

alternate

I believe this account is a withdrawn account but many will likely still have it.

Coventry Building Society


Good news - we’re increasing the interest rate on your Limited Access Saver (Online) again.  New rate 2.25% APR.

What_time_is_it

alternate said:

I believe this account is a withdrawn account but many will likely still have it.

Coventry Building Society


Good news - we’re increasing the interest rate on your Limited Access Saver (Online) again.  New rate 2.25% APR.

Is that the Four Access Saver?