The Top Easy Access Savings Discussion Area

JasonMSE

km1500 said:

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.

I think a shared Google Sheet would be the best solution.

Notepad_Phil

km1500 said:

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.

Unfortunately, although soulsaver has been around since 2008, this thread was started wayyyyy back in 2007 and none of the posts on the first page are from soulsaver so they can't update anything on page 1.

Freebird53

Nick_C said:

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.

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

Surely the financial lanscape will be significantly different in six months, let alone a year?

I can see a 2yr tracker currently @ 2.6%. Does seem interesting though.

Perhaps most would, but unfortunately after much reading, i decided i possessed neither the knowledge, nor expertise to invest there, which is why i'm here.

ForumUser7

Freebird53 said:

Nick_C said:

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.

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

Surely the financial lanscape will be significantly different in six months, let alone a year?

I can see a 2yr tracker currently @ 2.6%. Does seem interesting though.

Perhaps most would, but unfortunately after much reading, i decided i possessed neither the knowledge, nor expertise to invest there, which is why i'm here.

Is that two year tracker open to new customers? If so, where please? Thank you

soulsaver

ForumUser7 said:

Freebird53 said:

Nick_C said:

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.

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

Surely the financial lanscape will be significantly different in six months, let alone a year?

I can see a 2yr tracker currently @ 2.6%. Does seem interesting though.

Perhaps most would, but unfortunately after much reading, i decided i possessed neither the knowledge, nor expertise to invest there, which is why i'm here.

Is that two year tracker open to new customers? If so, where please? Thank you

Click on 'show previous quotes'.

refluxer

Here's a curious one.... I opened a Barclays Rainy Day Saver account yesterday afternoon and funded it immediately with £5k.

Barclays tend to pay interest on some of their accounts on the 1st so, this morning, I noticed it had earned £2.05 interest.

£5k @ 5% for 1 day = 68p... but even if yesterday and today counted as 2 days, it would only be £1.37 ! Instead, it appears to have earned 3 days' interest in less than 24 hours

It's also just occurred to me that interest will have to be skimmed off into a higher-paying account to avoid the 0.15% rate for balances >£5k.

soulsaver

Cambridge BS has made the 2.1% Your Saver 'temporarily' NLA.
Our Your Saver Account is Temporarily Unavailable (cambridgebs.co.uk)

"We appreciate your patience and sincerely hope you will visit us again on Monday afternoon when the account will be available for new applications."

ETA available again.

Nick_C

ForumUser7 said:

Freebird53 said:

Nick_C said:

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.

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

Surely the financial lanscape will be significantly different in six months, let alone a year?

I can see a 2yr tracker currently @ 2.6%. Does seem interesting though.

Perhaps most would, but unfortunately after much reading, i decided i possessed neither the knowledge, nor expertise to invest there, which is why i'm here.

Is that two year tracker open to new customers? If so, where please? Thank you

The FBS tracker is now 3.1pc - as of today.  I expect the Web site will be updated on Monday.

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)

Daliah

Nick_C said:

ForumUser7 said:

Freebird53 said:

Nick_C said:

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.

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

Surely the financial lanscape will be significantly different in six months, let alone a year?

I can see a 2yr tracker currently @ 2.6%. Does seem interesting though.

Perhaps most would, but unfortunately after much reading, i decided i possessed neither the knowledge, nor expertise to invest there, which is why i'm here.

Is that two year tracker open to new customers? If so, where please? Thank you

The FBS tracker is now 3.1pc - as of today.  I expect the Web site will be updated on Monday.

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)

Why are there posts about 2-year fixes in the easy access thread? There's an existing thread for fixed term savings.

alternate

Bigwheels1111 said:

alternate said:

is al ryan 5k in one go or can you do the one pound test transfer?

also how do you get your login details?

thanks

Yes £1 test payment is fine.
Apply, get your account details and go to the app.
Select the second option, log in with account details.
Something like that.
Then you are up and running same day, no waiting for details in the post.

thanks for that