The Top Easy Access Savings Discussion Area

andyhicks88

2010 said:

andyhicks88 said:

I signed up yesterday for the Santander account, as I haven't had an account with them before it looks like I've got to wait "5 - 7 days" for new online banking set up details to arrive in the post before I can access the account properly, which is fine, but hopefully the stuff gets here within the next few days.

Yea, but by then someone else will be top of the savings list and everyone will be jumping again.
Since Chase appeared on the scene there`s been a constant procession of top easy access saving accounts.
We`ve gone from 1.5%  to (currently, maybe) 2.75%.
It would be interesting to find out if anyone on here has actually moved every time a new top rate came out.
Who holds the record for the most moves?

Well I can't see anyone beating that significantly for a good few weeks, if not few months, though I'm quite happy to be wrong!

For me personally, I think a provider would have to probably offer 3% now to make me move funds away from this account. I'm not a serial mover, I only move when something new beats my current savings account/s by probably around.0.20%

Matt1510

Aidanmc said:

smithers1981 said:

Anyone having trouble getting funds out of Al Rayan? test £1 yesterday hit account then withdrew £19999 and still waiting, santander all set up and ready.

Made a withdrawal 20k yesterday at 4.15pm, received about 15mins later.

One other day took about 5 hours though.

Likewise for me   Al Rayan >>> NatWest 10 mins, then a further 10 mins showing in my Santander account.

2010

andyhicks88 said:

2010 said:

andyhicks88 said:

I signed up yesterday for the Santander account, as I haven't had an account with them before it looks like I've got to wait "5 - 7 days" for new online banking set up details to arrive in the post before I can access the account properly, which is fine, but hopefully the stuff gets here within the next few days.

Yea, but by then someone else will be top of the savings list and everyone will be jumping again.
Since Chase appeared on the scene there`s been a constant procession of top easy access saving accounts.
We`ve gone from 1.5%  to (currently, maybe) 2.75%.
It would be interesting to find out if anyone on here has actually moved every time a new top rate came out.
Who holds the record for the most moves?

Well I can't see anyone beating that significantly for a good few weeks, if not few months, though I'm quite happy to be wrong!

For me personally, I think a provider would have to probably offer 3% now to make me move funds away from this account. I'm not a serial mover, I only move when something new beats my current savings account/s by probably around.0.20%

https://www.express.co.uk/finance/personalfinance/1681451/Savings-accounts-interest-rates-best-buy-savings-rates-Bank-of-England-cash-easy-access

andyhicks88

2010 said:

andyhicks88 said:

2010 said:

andyhicks88 said:

I signed up yesterday for the Santander account, as I haven't had an account with them before it looks like I've got to wait "5 - 7 days" for new online banking set up details to arrive in the post before I can access the account properly, which is fine, but hopefully the stuff gets here within the next few days.

Yea, but by then someone else will be top of the savings list and everyone will be jumping again.
Since Chase appeared on the scene there`s been a constant procession of top easy access saving accounts.
We`ve gone from 1.5%  to (currently, maybe) 2.75%.
It would be interesting to find out if anyone on here has actually moved every time a new top rate came out.
Who holds the record for the most moves?

Well I can't see anyone beating that significantly for a good few weeks, if not few months, though I'm quite happy to be wrong!

For me personally, I think a provider would have to probably offer 3% now to make me move funds away from this account. I'm not a serial mover, I only move when something new beats my current savings account/s by probably around.0.20%

https://www.express.co.uk/finance/personalfinance/1681451/Savings-accounts-interest-rates-best-buy-savings-rates-Bank-of-England-cash-easy-access

Well yes but that's talking mostly about fixed rate accounts. I doubt we will see any Easy Access rates top 3% by the end of the year, which is what it would take for me to now move away from this account.

Imvrasos

smithers1981 said:

Anyone having trouble getting funds out of Al Rayan? test £1 yesterday hit account then withdrew £19999 and still waiting, santander all set up and ready.

I have the exact same issue with 19.99k leaving Al Rayan yesterday but not credited in Santander. Santander CS advised such amounts may be subject to a working day delay therefore fingers crossed for the time being.

ps2659

I opened an account last night and they emailed me a sort code and account number I made a payment in however I am looking to make another payment in today before I receive my emails I will not be able to view this account is this Ok to do or should I wait and fear the 2.75% will be pulled. 

qsk

smithers1981 said:

Anyone having trouble getting funds out of Al Rayan? test £1 yesterday hit account then withdrew £19999 and still waiting, santander all set up and ready.

Same here: did not receive after 3 hours. So I phoned them and explained what it is for. The fund was then in destination account in minutes. Apparently the first largeish payment will be put on hold. The £1 test payment does not count in this case, unfortunately. 

Section62

ps2659 said:

I opened an account last night and they emailed me a sort code and account number I made a payment in however I am looking to make another payment in today before I receive my emails I will not be able to view this account is this Ok to do or should I wait and fear the 2.75% will be pulled. 

This is an easy access account, so once you've opened it the risk of it being pulled shouldn't apply any more - you can add funds at any time in the future, you don't have to add them before the product is closed to new applications.

The only thing I would do is to add at least £1 within a reasonable amount of time (say a week) of opening to make sure the account doesn't get closed automatically for some reason.

If you are anxious to know the initial payment has worked before paying in larger sums then the best bet is to call Santander and ask, although without security details they may not be able to give you confirmation the initial payment has worked.

refluxer

ps2659 said:

I opened an account last night and they emailed me a sort code and account number I made a payment in however I am looking to make another payment in today before I receive my emails I will not be able to view this account is this Ok to do or should I wait and fear the 2.75% will be pulled. 

If the account gets withdrawn then that will only be to new customers - if you already have the account open then that won't be an issue for you. Personally, I wouldn't pay any money into an account if I couldn't check the balance online to confirm the payment had gone through.

Thumbs_Up

andyhicks88 said:

  I doubt we will see any Easy Access rates top 3% by the end of the year,

The next BoE meeting is due, (could be a emergency meeting even sooner ) on the 3rd  November. I’m calling it now a 0.75% basis points rise.