The Top Easy Access Savings Discussion Area

BigBlueSky

So far so good with Charter - Made a few deposits Friday morning - Just after midnight, 9am and then one at around 11am all showed up by early afternoon.  Need to make more but will have to wait until Monday now.

crumpet_man

soulsaver said:

Anyone remember if you can use 2 DDs to the same company?

I used to use the post office £1 a week to meet the DD requirements so should be ok still.

Expotter

Not  straight forward at all with Al Rayan for me, required to fill and post application, send proof of id and address. Way too much hassle, never have any issues with other banks, so no Al Rayan for me I'm afraid.

Freebird53

Perhaps i'm wrong, but the Yorkshire BS 'Rainy Day' account appears to me to be a device to get the top spot in savings rates tables?

I would imagine that for anyone with 'substantial' savings this account will be a non-starter.

janusdesign

Freebird53 said:

I would imagine that for anyone with 'substantial' savings this account will be a non-starter.

i'm just using it to get 2.5% on a spare £5,000 - no real point for me to put more than that in it.

kaMelo

@soulsaver Good to know you got it sorted in the end.
In relation to this question

soulsaver said:

Anyone remember if you can use 2 DDs to the same company?

The terms state;


Two separate DD's would obviously work but reading those terms I think one DD paid twice or more would work also,

Nick_C

Freebird53 said:

Perhaps i'm wrong, but the Yorkshire BS 'Rainy Day' account appears to me to be a device to get the top spot in savings rates tables?

I would imagine that for anyone with 'substantial' savings this account will be a non-starter.

YBS often has competitive savings products.  

Do you know of any other account where you can put £5k and get 2.5% interest with access to your money should you need it?

And if you do join YBS and maintain an account with them (you only need to lend them a pound), then a year from now you may be able to stick half a million in something like their Loyalty Six account.

In the meantime, you could stick quarter of a million in the Family Building Society's two year tracker which is currently paying 3.1% with a monthly interest option.

https://www.moneysavingexpert.com/news/2022/09/family-bs-base-rate/
https://www.familybuildingsociety.co.uk/savings/bonds/product-detail/2-year-tracker-rate-bond-(11)

But most people with substantial savings invest their money.  Whatever savings account you open, your money is guaranteed to lose value.

wiseonesomeofthetime

Nick_C said:

But most people with substantial savings invest their money.  Whatever savings account you open, your money is guaranteed to lose value.

My savings are currently returning more than my investments!

18-months into my 10-15 year investment journey and currently at -4.11%

That is nowhere near inflation either 🤷‍♂️ 

See what next 8.5 to 13.5 years behold.

soulsaver

soulsaver said:

ToTP  

New TOTP : Yorkshire BS tries to take all places in ToTP! Gauntlet thrown down to Al Rayan..?

Note: Barclays at foot of page for a relatively small max £5k balance, high rate 'hoop-full' 5% Rainy Day Saver (30/09)           littlemissbossy 

OK rate trappers: Easy(ish) Access, Top (10ish) Of The Pots.. BoE base rate +0.5 =2.25% (22/09)

Updated at 02/10/2022 c.13.00hrs - Starter for 10; not comprehensive, DYOR.

Latest/recent changes in bold. Links added for all accounts. TIA for all contributions.
Bracketed dates = date rate added/amended here.

1 Yorkshire BS 2.5% Loyalty Six Iss2 (12mth customers) also Rainy Day ac (2.5% to £5k, 2.0% above) (26/09) View our Easy Access Savings Accounts | Savings | YBSKazza242

2 Al Rayan Everyday Saver 3. £5k min rate upped to 2.35% (x2.1%) (30/09) App onlyish. Everyday Saver (Issue 3) | Islamic banking | Sharia compliant & ethical (alrayanbansmithers1981

3 Charter EA iss28 2.25% £5k+ (29/09)  Easy Access (chartersavingsbank.co.uk) thnx @BigBlueSky

4 Cambridge BS 2.10% (28/09) 1w/d per month  Your Saver Account (cambridgebs.co.uk)  thnx Ed

5 Gatehouse EA 2.00% EPR (01/09) New Min £1.00 Easy access account | Gatehouse Bank | Gatehouse Bank plc 

6 RCI Freedom Savings 2.00% £100 min (30/09) Savings Accounts | RCI Bank  thnx   @S_uk

7 Secure Trust Bank 2.00% (30/09) Min £1k  Access Account (securetrustbank.com)  thnx @Bridlington

8 Sainsbury 'Defined Access' (triple) 2.00% (28/09) Defined Access Saver with Sainsbury's Bank (sainsburysbank.co.uk)    thnx @Kazza242

9 Yorkshire BS-Tiered** Intrnt Svr Plus iss 12 (22/09) wef 07/10: 2.00% (1.8%<£10k 2.05%>£50k). View our Easy Access Savings Accounts | Savings | YBS  

10 Ford 1.95% (21/09) 'Temporarily NLA to new customers' (27/09) Flexible Savings Account - Easy access savings | Ford Money 

11 Investec Online Flexi Saver 1.95% (02/10) £5k+  Online Flexi Saver from Investec | Instant Access Savings Account  thnx @snnexus6

12 Atom 1.90% app only (23/09) Instant Saver 1.90% Interest Rate - Easy Access Savings | Atom bank 

13 Zopa Smart Saver (App only) - £85k max. Improved rates(12/09) Access 1.85%; Boosted 7day notice 1.90%;  31day 2.05%; 95day 2.25%  Smarter Savings built for real life   

Note: YBS Note: YBS Family Savings Account 2.05% wef 07/10 upto £10k with w/d restrictions now NLA*:  Savings Account - More Information | YBS  

* NLA = No Longer available to new applicants

Recent/Upcoming Drop offs: 

Check terms for yourself - DYOR.

Note: These rates may, or may not be applied to existing accounts, plse check.

Small balance, high rate: Virgin Money 2.0% £1k limit, Nationwide FlexDirect 5% on £1.5k (1st year only) Barclays Blue Rewards c/w 5% 'Rainy Day Saver' to £5k(30/09). 

Also see Regular Savings Accounts: The Best Currently Available List! — MoneySavingExpert Forum

And Cash ISAs: The Best Currently Available List — MoneySavingExpert Forum

And Notice Accounts: Notice Accounts - Page 11 — MoneySavingExpert Forum

Ok here is the ToTP Top bakers' Dozen... I like to keep Zopa on the page as it has interesting manipulation of notice capabilities. 

Still maintaining the 'Big List' here.

eta Investec

km1500

Thanks for all the work. Don't suppose you can put and maintain it on page 1 as the first post so its location never changes?

Just an idea.