The Top Easy Access Savings Discussion Area

StevenGude

milton1970 said:

Keep seeing Martin pushing the HSBC easy access bonus saver .. reading t&cs the interest drops to 0.5% in any month that the holder makes a withdrawal .. is that really easy access ?

why is ML pushing it so much ?

Because it pays 3% and you can access your money when needed...

milton1970

StevenGude said:

Because it pays 3% and you can access your money when needed...

If you access your money it doesn’t …

Wheres_My_Cashback

milton1970 said:

StevenGude said:

Because it pays 3% and you can access your money when needed...

If you access your money it doesn’t …

It does, every full month you leave it untouched. If you need to make a withdrawal do the full balance on the 1st of the month only and if you want to use it again only do so from the 1st of the following month.

intalex

Do HSBC allow opening of 2 of these accounts? Just an idea, but could be a way to keep earning 3% with the ability to withdraw what you need once a month on the 1st of the month (immediately emptying the rest of the 1st account to the 2nd account, and vice versa next month).

wmb194

intalex said:

Do HSBC allow opening of 2 of these accounts? Just an idea, but could be a way to keep earning 3% with the ability to withdraw what you need once a month on the 1st of the month (immediately emptying the rest of the 1st account to the 2nd account, and vice versa next month).

What do the T&Cs say?

"If you already have an Online Bonus Saver, you can’t apply for another."

https://www.hsbc.co.uk/savings/products/online-bonus-saver/

andyhicks88

Anybody without an ISA or full yearly allowance in their ISA should surely look at the Virgin EA ISA rather than the HSBC account. It pays the same rate and is a true EA account without any penalties. Obviously you can only save 20k a yeat but still.

StevenGude

StevenGude said:

milton1970 said:

Keep seeing Martin pushing the HSBC easy access bonus saver .. reading t&cs the interest drops to 0.5% in any month that the holder makes a withdrawal .. is that really easy access ?

why is ML pushing it so much ?

Because it pays 3% and you can access your money when needed...

Just put the money you might not need access to in it, and the rest in another account

It's a nice compromise between not locking away in a fix but earning a little more interest 

Northern_Mum

Skipton Building Society are increasing rates from Monday 14th, e.g. Cash eISA Saver currently 2.1% will be 2.75%, and Easy Access Saver currently 1.9% will be 2.65%.

https://www.skipton.co.uk/-/media/skipton-co-uk/pdf/savings/Changes-to-Variable-Accounts.ashx

Band7

wmb194 said:

intalex said:

Do HSBC allow opening of 2 of these accounts? Just an idea, but could be a way to keep earning 3% with the ability to withdraw what you need once a month on the 1st of the month (immediately emptying the rest of the 1st account to the 2nd account, and vice versa next month).

What do the T&Cs say?

"If you already have an Online Bonus Saver, you can’t apply for another."

https://www.hsbc.co.uk/savings/products/online-bonus-saver/

You can close (via chat) one OBS on the 1st and open another one on the 2nd. You get an entirely different account number for the new one. It is likely but remains tbc that you get the 3% on the new one. It's still a faff, and more like a Notice account rather than an easy access one.

southone

Aldermore  Double Access Account Up to 3.00% AER*