The Top Easy Access Savings Discussion Area

anticlaus105

kaMelo said:

anticlaus105 said:

littlemissbossy said:

Barclays 5.12% up to £5k for existing current account customers (Blue Rewards)

https://www.barclays.co.uk/savings/instant-access/rainy-day-saver/

It says in T&C you will no longer receive the £5 blue reward cash if you open the RD saver. Is this correct? So in effect this saver costs £5 per month.

What it actually says is

• You won’t receive a monthly cash reward to your Blue Rewards Wallet for having a Rainy Day Saver account. Your existing monthly Blue Rewards aren’t affected and we’ll keep paying them into your Blue Rewards wallet.

So yes you will still keep the £5 monthly payment, you just won't receive any extra for having a rainy day saver account.  

Whilst not getting anything from the account I have kept the Blue Rewards switched on so this is a nice surprise. Account is opened in under a minute.

Well I haven't received my £5 reward for October yet. This is even more odd given I didn't open the saver yet.

SeriousHoax

That's my Zopa account drained down to £1 ( can't wait any longer)

mebu60

ZeroSum said:

People outside of this forum are lazy with money.

I struggled to get my OH to move her savings out of her 0.1% santander account. Eventually persuaded her with the chase account (with both pocketing £20) but is very reluctant to move again now that chase are no longer competitive. She's even got a spare bank account I keep telling her to switch & is procrastinating with. 

Tell me about it. Mine has hers with Nat West, her only ever bank. 

Not only would opening a current a/c with VirginMoney give her a back-up account in case of issues, she could have £26k earning 2.02% and a debit card that doesn't charge fees when used abroad. 

And still use the NatWest she's familiar with and has everything set-up on day-to-day. 

Not lazy, just not interested. 

gwapenut

soulsaver said:

Bridlington1 said:

Tipton & Coseley BS have launched a limited access account at 2% for £100 to £25k and 2.25% for £25k+.

Thanks @Bridlington1
It appears to be Postal/Branch application and management, and only viewable (not manageable) by app?

"You can pay money in or draw money out at any of our branch offices or through the post."

If that's correct, I'm not sure that fits many of our views of a top Easy Access other than the rate >£25k? 

Plus, if you look at the interest rates on their closed savings accounts, the Issue 1 version of this account is below 2% (I forget the exact amount). It's bad enough having to switch issues with those lenders who hoik you in and put you in the keep net while bumping issue numbers for new customers, when they are online accounts - but with a branch based account you'll get about 6 weeks of minor benefit at most before enduring more postal hassle.

refluxer

anticlaus105 said:

Well I haven't received my £5 reward for October yet. This is even more odd given I didn't open the saver yet.

It'll just be a matter of timing. Have you recently joined the Blue Reward scheme and if so, have the required 2 direct debits come out since you joined ? The £800 payment in may also be required in that time-frame too.

I rejoined the Blue Reward scheme last Friday (30th Sept) and opened a Rainy Day Saver the same day. I have a load of DDs that come out on the 1st. The £5 Blue Rewards fee was taken on Weds 5th Oct and the £5 DD reward payment was credited the same day, so that is proof that the £5 Blue Rewards fee is still cancelled out provided you meet the criteria. Having a Rainy Day Saver does not affect this.

Daliah

mebu60 said:

ZeroSum said:

People outside of this forum are lazy with money.

I struggled to get my OH to move her savings out of her 0.1% santander account. Eventually persuaded her with the chase account (with both pocketing £20) but is very reluctant to move again now that chase are no longer competitive. She's even got a spare bank account I keep telling her to switch & is procrastinating with. 

Tell me about it. Mine has hers with Nat West, her only ever bank. 

Not only would opening a current a/c with VirginMoney give her a back-up account in case of issues, she could have £26k earning 2.02% and a debit card that doesn't charge fees when used abroad. 

And still use the NatWest she's familiar with and has everything set-up on day-to-day. 

Not lazy, just not interested. 

Seems you have not been successful in selling the benefits of higher interest rates? What if you express the benefits in terms she values rather than in percent? You know better than me what she values, but some examples which might work: if she found £520 in the street, would she just leave it there? What about a free meal in her favourite Michelin star restaurant, free tickets to her favourite band or play, a free weekend away, free handbags, free shoes, free Xmas presents for the family, a free day out with her girlfriends etc etc?

Nick_C

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

nottsphil

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  using those figures hypothetically and could just as appropriately have used rates of half those quoted.

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?