The Top Easy Access Savings Discussion Area

[Deleted User]

Noneforit999 said:

phillw said:

Deleted_User said:
I've had over £482 back so far which I think is a lot AND I am about to pay a world the round trip so another £170 on its way. Not to be sniffed at.

If you stoozed on 0% purchase cards, then you'd get more with the current savings rates. Plus you'd have Section 75 protection.

How do you explain to your mortgage lender that the 20k you have on your 0% credit card is actually not debt come remortgage time? I guess you would pay it off well in advance so when they did a credit check, your balance would show 0?

How do you get a £20,000 spending limit in the first place? They usually offer me £2,000.

janusd

Yellowman said:

Al Rayan does not get mentioned by Martin Lewis in his TV shows.

I assumed that was a tv time-constraint issue and not wanting to open and explain the "expected returns" scenario on the show... that said, Al Rayan is no longer listed on the MSE easy savings table - even those it beats half of those that are listed.

Sensory

janusdesign said:

Yellowman said:

Al Rayan does not get mentioned by Martin Lewis in his TV shows.

I assumed that was a tv time-constraint issue and not wanting to open and explain the "expected returns" scenario on the show... that said, Al Rayan is no longer listed on the MSE easy savings table - even those it beats half of those that are listed.

That’s ridiculous for a site called MoneySavingExpert. Seems like standards have fallen to not even mention (anywhere) the highest-paying non-ISA easy access savings account with no withdrawal limits, current account requirements or low maximum deposit conditions. It may be a Sharia account, but it absolutely deserves a mention, somewhere, on that page.

At least here we have forumites helping soulsaver’s efforts in maintaining an accurate and updated list which we can bookmark.

Zaul22

Well there is the fact the Al Rayan is owned by Qatar, which due to the world cup the public are starting to realise is... not great. 

RG2015

Zaul22 said:

Well there is the fact the Al Rayan is owned by Qatar, which due to the world cup the public are starting to realise is... not great. 

This may be true but a large proportion of UK consumer goods come from China. No mention of boycotting these.

If we avoided everything that had questionable connections we would probably not do anything.

ScarletBea

Northern_Mum said:

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

Oh this is great! Last month I closed early a fixed rate account I had with them at 0.85%, accepting the lost interest, and it's on this 2.1% waiting for another ISA to end to combine the two on a longer fixed rate at over 4%, so it'll be an even bigger benefit.

dgpur

Deleted_User said:

Noneforit999 said:

If Aldermore nudged their 1 year fixes a little higher, I would consider opening an Easy Access at 2.75% and a 1 year fixed to keep it all in the same place.

Decisions decisions...

For me, Aldermore are a pain in the !!!!!!. I tried to open an account with them last year, by the time they got round to opening it their rate had been surpassed and I never went through with it. I suspect it will be the same this time round as I've just tried again and despite living in the same house for over 20 years and having the same current account for 18 months, they say that's not enough and want me to post them proof of this, that and the other. I can't be bothered. 

I just tried opening an easy access with Aldermore… and they want certified copies of two forms of ID. Not only is that absurd, but I only had an account with them as recently as June this year (for which they asked for no ID!). Ridiculous.

[Deleted User]

dgpur said:

Deleted_User said:

Noneforit999 said:

If Aldermore nudged their 1 year fixes a little higher, I would consider opening an Easy Access at 2.75% and a 1 year fixed to keep it all in the same place.

Decisions decisions...

For me, Aldermore are a pain in the !!!!!!. I tried to open an account with them last year, by the time they got round to opening it their rate had been surpassed and I never went through with it. I suspect it will be the same this time round as I've just tried again and despite living in the same house for over 20 years and having the same current account for 18 months, they say that's not enough and want me to post them proof of this, that and the other. I can't be bothered. 

I just tried opening an easy access with Aldermore… and they want certified copies of two forms of ID. Not only is that absurd, but I only had an account with them as recently as June this year (for which they asked for no ID!). Ridiculous.

Yes, that's what's happened to me TWICE. This account has only just become "Number 1" in the charts and as things are I don't expect for one minute it will stay there for long. I can wait for an easier target.

phillw

Noneforit999 said:
How do you explain to your mortgage lender that the 20k you have on your 0% credit card is actually not debt come remortgage time? I guess you would pay it off well in advance so when they did a credit check, your balance would show 0?

It just takes a little planning to time your stooze's between your mortgage renewals.
Obviously if you can't get a 0% credit card, or you are coming up to mortgage renewal and don't want to apply for a card yet, or some transactions would be more expensive with a credit card (foreign currency etc) then 1% cashback is better than nothing.

phillw

Deleted_User said:
How do you get a £20,000 spending limit in the first place? They usually offer me £2,000.

I've never had £20k on a single 0% card, but I usually have two or more on the go.
But sure, if you're spending £20k a month on your debit card then stoozing isn't practical and 1% cashback is better than nothing.