The Top Easy Access Savings Discussion Area

patpalloon

CheekyMikey said:

The app only ones I’ve used have all been easy to open and very easy to use with quick transfers in and out..Zopa, Marcus and Chase. I only use Zopa now as I find their boosted pot system easy to use and by opening lots of pots and giving notice straight away I can get a pretty high rolling interest rate which is more or less instant access. I also have a Santander esaver in the recent 2.75 issue…as an existing customer it was easy to get in a few days and appeared straight away in my app. Did try YBS about 4 months ago but it was painful…slow processes, mistakes with account names requiring numerous phone calls to sort out…nope, wouldn’t touch them.

I got the Santander one too - just in time before they pulled it. Have you had any interest yet? I went for monthly but have yet to receive any. I have a Santander current account and they have been appalling. It's my linked account and they have locked it numerous times when I have tried to transfer money to other savings accounts. And then you can't get through on the phone. I was going to close it but then they offered the 2.75% ES account so I have stayed for now.. They were driving me nuts.

patpalloon

ColdIron said:

southone said:

Aldermore  Double Access Account Up to 3.00% AER*

And Easy Access to 2.75%. I shall be moving my Santander eSaver (slowly) as I have a niggling worry regarding access to my savings with them

Care to elaborate? I have a Santander current account and they have been driving me nuts. I was going to close it but against my better judgment I opened the ESaver 2.72% monthly interest but have yet to receive any.

I-LOV-MONEY

patpalloon said:

I got the Santander one too - just in time before they pulled it. Have you had any interest yet? I went for monthly but have yet to receive any.

I joined Santander when they were offering 2.75%.   I elected for monthly interest, and have just received the first payment - exactly one week short of a month !

patpalloon

searching4bestrates said:

ColdIron said:

southone said:

Aldermore  Double Access Account Up to 3.00% AER*

And Easy Access to 2.75%. I shall be moving my Santander eSaver (slowly) as I have a niggling worry regarding access to my savings with them

I found Santander and their eSaver to be a disaster when trying to access my money.

After numerous blocked withdrawals and countless hours on hold to speak to someone to discuss the block and permit transfer, I have recently finally managed to all get my savings back out of them and have now requested the account be closed.

I'll never go near Santander again. It was a great rate (at the time) but horrific in every other way (in my opinion). I'm glad there are now alternatives with the same/better rates.

Same here. Mine kept getting blocked and you spend hours on the phone. I have my current account with them and had had enough but against my better judgment opened the Esaver monthly at 2.72%. I should have had my first interest payment today but so far nothing. I think I will move my money elsewhere too. Can anyone recommend a good current account? I have Chase but only got it for the savings and the 1% cashback and it's app only so I would want something else for my DD, SO, and to be my linked account etc. First Direct maybe?

ForumUser7

patpalloon said:

searching4bestrates said:

ColdIron said:

southone said:

Aldermore  Double Access Account Up to 3.00% AER*

And Easy Access to 2.75%. I shall be moving my Santander eSaver (slowly) as I have a niggling worry regarding access to my savings with them

I found Santander and their eSaver to be a disaster when trying to access my money.

After numerous blocked withdrawals and countless hours on hold to speak to someone to discuss the block and permit transfer, I have recently finally managed to all get my savings back out of them and have now requested the account be closed.

I'll never go near Santander again. It was a great rate (at the time) but horrific in every other way (in my opinion). I'm glad there are now alternatives with the same/better rates.

Same here. Mine kept getting blocked and you spend hours on the phone. I have my current account with them and had had enough but against my better judgment opened the Esaver monthly at 2.72%. I should have had my first interest payment today but so far nothing. I think I will move my money elsewhere too. Can anyone recommend a good current account? I have Chase but only got it for the savings and the 1% cashback and it's app only so I would want something else for my DD, SO, and to be my linked account etc. First Direct maybe?

@patpalloon Do you have NatWest, RBS, or Barclays? If not, consider 1 of those maybe for the linked savings accounts
NatWest and RBS Digital Regular Saver £150 max deposit per month 5.12% paid on balances up to £1000 (from 6th Dec up to £5000)
Barclays Rainy Day Saver (for Blue Rewards Customers - have 2DD set up to get £5 credit per month that balances the £5 cost) 5.12% on amounts up to £5000 (lump sum deposit permitted).
Both are easy access.

Do your own research of course to see if any of these are suitable for you, but if you don't already have those savings products an account with one of these banks may be attractive for you.

patpalloon

ForumUser7 said:

patpalloon said:

searching4bestrates said:

ColdIron said:

southone said:

Aldermore  Double Access Account Up to 3.00% AER*

And Easy Access to 2.75%. I shall be moving my Santander eSaver (slowly) as I have a niggling worry regarding access to my savings with them

I found Santander and their eSaver to be a disaster when trying to access my money.

After numerous blocked withdrawals and countless hours on hold to speak to someone to discuss the block and permit transfer, I have recently finally managed to all get my savings back out of them and have now requested the account be closed.

I'll never go near Santander again. It was a great rate (at the time) but horrific in every other way (in my opinion). I'm glad there are now alternatives with the same/better rates.

Same here. Mine kept getting blocked and you spend hours on the phone. I have my current account with them and had had enough but against my better judgment opened the Esaver monthly at 2.72%. I should have had my first interest payment today but so far nothing. I think I will move my money elsewhere too. Can anyone recommend a good current account? I have Chase but only got it for the savings and the 1% cashback and it's app only so I would want something else for my DD, SO, and to be my linked account etc. First Direct maybe?

@patpalloon Do you have NatWest, RBS, or Barclays? If not, consider 1 of those maybe for the linked savings accounts
NatWest and RBS Digital Regular Saver £150 max deposit per month 5.12% paid on balances up to £1000 (from 6th Dec up to £5000)
Barclays Rainy Day Saver (for Blue Rewards Customers - have 2DD set up to get £5 credit per month that balances the £5 cost) 5.12% on amounts up to £5000 (lump sum deposit permitted).
Both are easy access.

Do your own research of course to see if any of these are suitable for you, but if you don't already have those savings products an account with one of these banks may be attractive for you.

None of those. I did have Lloyds and Starling, now closed. Thanks for the info.

patpalloon

If you have  no other income, what is the maximum amount of savings interest you can earn before paying any tax? £17,570 right? (Obviously ISAs exempt)

I-LOV-MONEY

Just to say that I have made a few withdrawals from my Santander eSaver, (maximum £200) and I have not had any problems.  The transfers went straight into my Current Account (FirstDirect).

chris_the_bee

patpalloon said:

If you have  no other income, what is the maximum amount of savings interest you can earn before paying any tax? £17,570 right? (Obviously ISAs exempt)

There is also also a personal savings allowance worth up to £1,000.
Following is courtesy of Which?: In addition to the personal savings allowance, an extra tax break already helps those on a low income pay either no tax or reduced tax on their savings.  This £5,000 ‘starting rate for savings’ means anyone with total taxable income under their personal income tax allowance plus £5,000 will not pay any tax on your savings.  This means if your total taxable income is less than £18,570, you won’t pay any tax on your savings. It helps to think of these allowances sitting on top of each other; first the personal allowance (£12,570), then the £5,000 starting savings rate at 0%, and finally the personal savings allowance worth up to £1,000.

Band7

I shifted several tens of £Ks today in high 5 digit amounts from Zopa to Aldermore, via my Santander 123 Lite. No problem at all, payments processed within seconds.