The Top Easy Access Savings Discussion Area

wiseonesomeofthetime

Sg28 said:

andyhicks88 said:

I would say hold fire on Zopa.  They didn't increase straight away after the last base rate increase, it was the week after. So I'd expect there might be some movement there this week.

They have 4 days... until my boosted pot matures.

It was the maturity of the 95 day boosted pots that prompted my actions tbf.

Meanwhile, Gatehouse still silent on their easy access account.



I wonder what is going on 🤔

App still showing 2.00% and no "leak" on Moneyfacts on any possible rate change.

NedS

Just opened the Barclays Rainy Day Saver at 5%. Quite happy to take the £250/year interest on our emergency fund cash. It was easy to reactivate Blue Rewards as I already met the requirements (had previously disabled it when they stopped the reward payments) and had an account opened within 5 minutes. Much better than a regular saver as I can stuff the full £5k in on day one, and no limit or loss of interest on withdraws. Perfect for me and a better home than the Club Lloyds account where it was earning a pittance.

Silverbird65

Latest best acct is Charter Savings 2.25 with opening balance 5000 as many withdrawals as you like👍

wiseonesomeofthetime

NedS said:

Just opened the Barclays Rainy Day Saver at 5%. Quite happy to take the £250/year interest on our emergency fund cash. It was easy to reactivate Blue Rewards as I already met the requirements (had previously disabled it when they stopped the reward payments) and had an account opened within 5 minutes. Much better than a regular saver as I can stuff the full £5k in on day one, and no limit or loss of interest on withdraws. Perfect for me and a better home than the Club Lloyds account where it was earning a pittance.

Does that mean that your first Blue Rewards account fee will be taken on second working day of November, if I have read T&C correctly?

Do you have two DD paying out this month so you will get your fiver back next month to nullify that fee?

wiseonesomeofthetime

Silverbird65 said:

Latest best acct is Charter Savings 2.25 with opening balance 5000 as many withdrawals as you like👍

I thought 2.35% was higher than 2.25%, as offered by Al Rayan.

NedS

wiseonesomeofthetime said:

NedS said:

Just opened the Barclays Rainy Day Saver at 5%. Quite happy to take the £250/year interest on our emergency fund cash. It was easy to reactivate Blue Rewards as I already met the requirements (had previously disabled it when they stopped the reward payments) and had an account opened within 5 minutes. Much better than a regular saver as I can stuff the full £5k in on day one, and no limit or loss of interest on withdraws. Perfect for me and a better home than the Club Lloyds account where it was earning a pittance.

Does that mean that your first Blue Rewards account fee will be taken on second working day of November, if I have read T&C correctly?

Do you have two DD paying out this month so you will get your fiver back next month to nullify that fee?

Yes, That's my understanding. Because Blue Rewards was activated today, the first £5 fee will be taken at the start of next month (November). Meeting the conditions of 2 direct debits and £800 being paid into the account during the month qualifies for the £5 fee to be refunded, so no net charge.

Obviously this may be less attractive to those who do not have a Barclays bank account, or do not have the requisite 2 direct debits available, but I already had these in place from participation in previous Blue Rewards offers.

Silverbird65

Well I am happy with a bank I trust. Don't want Sharia acct. Thanks

Daliah

Silverbird65 said:

Well I am happy with a bank I trust. Don't want Sharia acct. Thanks

Why don't you trust them?

The Sharia accounts are as save as any other account as they have the same FSCS protection as others do. They just generally give you better returns than non-Shariah accounts.  

dc_scotland

Sorry if already mentioned, but I notice that the Virgin M Plus Saver (linked to Current Account) is now paying 2.02% on balances up to £25k, and 1.51% on balances above £25k.

Romesh

wiseonesomeofthetime said:

Silverbird65 said:

Latest best acct is Charter Savings 2.25 with opening balance 5000 as many withdrawals as you like👍

I thought 2.35% was higher than 2.25%, as offered by Al Rayan.

Yes, Al Rayan recently increased their expected profit rate to 2.35% - the best buy tables haven't been updated yet