The Top Easy Access Savings Discussion Area

Noneforit999

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?

Yellowman

southone said:

Aldermore  Double Access Account Up to 3.00% AER*

If two withdrawals have already been made in a year, can this account be closed and a new account of the same type opened in the same year?

chris_the_bee

Yellowman said:

southone said:

Aldermore  Double Access Account Up to 3.00% AER*

If two withdrawals have already been made in a year, can this account be closed and a new account of the same type opened in the same year?

I closed one when the rate wasn't good. They increased the rate the day after, so I opened another, with new account number that day. No problems.

ColdIron

Yellowman said:

southone said:

Aldermore  Double Access Account Up to 3.00% AER*

If two withdrawals have already been made in a year, can this account be closed and a new account of the same type opened in the same year?

Yes, if there is one available. It's worth noting that it's almost a triple access account so no reason to close it after 2 withdrawals

• With the Double Access Account, your interest rate depends on how many times you take money out in any anniversary year. You’ll get the benefit of the higher interest rate if you make two or less (sic) withdrawals in an anniversary year. If you make three or more withdrawals, the lower interest rate will apply from the day of your third withdrawal to the day before the annual anniversary of your account opening.

soulsaver

Yellowman said:

southone said:

Aldermore  Double Access Account Up to 3.00% AER*

If two withdrawals have already been made in a year, can this account be closed and a new account of the same type opened in the same year?

Yep I've just done it... eta checked opened the 2nd. 3rd.

Zaul22

Didn't expect that from Aldermore. I was just thinking yesterday 'what is the point of Aldermore when they are a challenger bank with consistently bad rates that aren't challenging anything' and then suddenly they are on top. 

[Deleted User]

intalex said:

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

Interestingly, there seems to be a slight general shift in promoting ISA funds over non-ISA funds

That's because with interest rates rising a lot more of us are going to start paying tax.

[Deleted User]

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. 

[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.

janusdesign

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.