The Top Easy Access Savings Discussion Area

Noneforit999

Nick_C said:

Re Barclays Blue Rewards.  I had to deposit the £800 into my current account before I could join Blue Rewards. 

Interesting, I had about £300 in my existing Barclays account and didn't need to add anymore/ That said, I probably had over £800 added into it a few weeks back to maybe that sufficed

nottsphil

Descrabled said:

Don't forget RBS and NatWest have 5% interest on £1000 each too.

Is the RBS one the Digital Regular Saver?

RG2015

nottsphil said:

Descrabled said:

Don't forget RBS and NatWest have 5% interest on £1000 each too.

Is the RBS one the Digital Regular Saver?

The Digital Regular Saver is available on both RBS and NatWest, so yes to your question.

jimexbox

nottsphil said:

jimexbox said:

Deleted_User said:

It's all a bit daft at the moment. If somebody brings out a product tomorrow, easy access, 5%, monthly interest, no hoops to jump, they'll be inundated with money. (they'll certainly get mine) However, if next week another provider does the same but at 6% the first provider will lose it all again (They'd certainly lose mine) so how can a provider get the amount of money they require and keep it? A loyalty bonus is the only way I can see.

The only accounts that will pay 5% will be one year fixes. Once your money is in, that's it for a year.

We all know how fixed rate accounts work. Marvo5 was just using those figures hypothetically and could just have easily have used 2.5% and 3%.

The top instant access accounts don't usually have the disparity used in the post, 1%, or 0.5% in yours. Chase were the recent exception. Normally its a hairs breadth between the top accounts, so you wouldn't jump for a 0.1% increase. 

Beddie

nottsphil said:

jimexbox said:

Deleted_User said:

It's all a bit daft at the moment. If somebody brings out a product tomorrow, easy access, 5%, monthly interest, no hoops to jump, they'll be inundated with money. (they'll certainly get mine) However, if next week another provider does the same but at 6% the first provider will lose it all again (They'd certainly lose mine) so how can a provider get the amount of money they require and keep it? A loyalty bonus is the only way I can see.

The only accounts that will pay 5% will be one year fixes. Once your money is in, that's it for a year.

We all know how fixed rate accounts work. Marvo5 was just using those figures hypothetically and could just have easily have used rates of half those quoted.

You are of course correct, we all knew what he meant. The level of nitpicking on this forum is quite exhausting sometimes.

Wheres_My_Cashback

Anyone know if YBS (Loyalty 6 Access) credit deposits on a weekend ?

Sensory

jimexbox said:

nottsphil said:

jimexbox said:

Deleted_User said:

It's all a bit daft at the moment. If somebody brings out a product tomorrow, easy access, 5%, monthly interest, no hoops to jump, they'll be inundated with money. (they'll certainly get mine) However, if next week another provider does the same but at 6% the first provider will lose it all again (They'd certainly lose mine) so how can a provider get the amount of money they require and keep it? A loyalty bonus is the only way I can see.

The only accounts that will pay 5% will be one year fixes. Once your money is in, that's it for a year.

We all know how fixed rate accounts work. Marvo5 was just using those figures hypothetically and could just have easily have used 2.5% and 3%.

The top instant access accounts don't usually have the disparity used in the post, 1%, or 0.5% in yours. Chase were the recent exception. Normally its a hairs breadth between the top accounts, so you wouldn't jump for a 0.1% increase. 

I would, and did for 0.06%, the moment Virgin offered 1.56% over Chase’s 1.5%.

If it doesn’t involve opening a new current account and it’s a simple online application, I’d jump even for 0.01%.

I have dozens of saving accounts with nominal amounts sitting in them, so as time goes by it’s just been a case of transferring money as opposed to actually applying as a new customer.

Stevo_safc

How is the profit (interest) calculated on Al Rayan Everyday Saver?

The website says

2.35% (gross per annum)

Your profit is calculated and credited to your account on the last working day of each calendar month.

Does that mean the profit is calculated only in the final day of the month and credited? Or is it just like most providers where they calculate on the daily balance?

Sensory

Stevo_safc said:

How is the profit (interest) calculated on Al Rayan Everyday Saver?

The website says

2.35% (gross per annum)

Your profit is calculated and credited to your account on the last working day of each calendar month.

Does that mean the profit is calculated only in the final day of the month and credited? Or is it just like most providers where they calculate on the daily balance?

Daily balance.

jimexbox

Sensory said:

jimexbox said:

nottsphil said:

jimexbox said:

Deleted_User said:

It's all a bit daft at the moment. If somebody brings out a product tomorrow, easy access, 5%, monthly interest, no hoops to jump, they'll be inundated with money. (they'll certainly get mine) However, if next week another provider does the same but at 6% the first provider will lose it all again (They'd certainly lose mine) so how can a provider get the amount of money they require and keep it? A loyalty bonus is the only way I can see.

The only accounts that will pay 5% will be one year fixes. Once your money is in, that's it for a year.

We all know how fixed rate accounts work. Marvo5 was just using those figures hypothetically and could just have easily have used 2.5% and 3%.

The top instant access accounts don't usually have the disparity used in the post, 1%, or 0.5% in yours. Chase were the recent exception. Normally its a hairs breadth between the top accounts, so you wouldn't jump for a 0.1% increase. 

I would, and did for 0.06%, the moment Virgin offered 1.56% over Chase’s 1.5%.

If it doesn’t involve opening a new current account and it’s a simple online application, I’d jump even for 0.01%.

I have dozens of saving accounts with nominal amounts sitting in them, so as time goes by it’s just been a case of transferring money as opposed to actually applying as a new customer.

Everyone has their own trigger point, which is entirely up to themselves. I weigh up hassle vs interest.