The Top Easy Access Savings Discussion Area

I-LOV-MONEY

Deleted_User said:

Well, their Easy access with no withdrawal limitations is currently 2.3% so if they are true to their word and raise it by 0.5% we will have a new market leader.

But you can only make 2 withdrawals a year - which includes closure !

ForumUser7

Deleted_User said:

dekkard said:

Principality Building Society:

On the 3 November 2022, the Bank of England increased the bank rate from 2.25% to 3.00%.

We’ve now worked through what this means for our savings Members.

We’ve reviewed our variable rate savings and taken the decision to increase the rates on the majority of our savings accounts, by 0.50%, from 17 November 2022.

Details of these savings accounts, including the rates, will be available after 17 November 2022

Well, their Easy access with no withdrawal limitations is currently 2.3% so if they are true to their word and raise it by 0.5% we will have a new market leader.

@marvo5 their easy access account paying 2.3% is a limited access that allows 3 withdrawals per calendar year, so unfortunately there is a withdrawal limit. Their easy access unlimited withdrawals Web Saver Issue 8 only pays 1.45%

[Deleted User]

ForumUser7 said:

Deleted_User said:

dekkard said:

Principality Building Society:

On the 3 November 2022, the Bank of England increased the bank rate from 2.25% to 3.00%.

We’ve now worked through what this means for our savings Members.

We’ve reviewed our variable rate savings and taken the decision to increase the rates on the majority of our savings accounts, by 0.50%, from 17 November 2022.

Details of these savings accounts, including the rates, will be available after 17 November 2022

Well, their Easy access with no withdrawal limitations is currently 2.3% so if they are true to their word and raise it by 0.5% we will have a new market leader.

@marvo5 their easy access account paying 2.3% is a limited access that allows 3 withdrawals per calendar year, so unfortunately there is a withdrawal limit. Their easy access unlimited withdrawals Web Saver Issue 8 only pays 1.45%

In that case, stand by your beds. 

soulsaver

The PBS Double access iss 2 is available and paying 2.5% currently - maybe worth opening? 

Band7

soulsaver said:

The PBS Double access iss 2 is available and paying 2.5% currently - maybe worth opening? 

Appreciate that some people have missed out on better accounts, but this really isn't any reason for settling for a 2.5% limited access account right now.

For easy access accounts, check https://moneyfacts.co.uk/savings-accounts/easy-access-savings-accounts/?quick-links-first=false

soulsaver

Band7 said:

soulsaver said:

The PBS Double access iss 2 is available and paying 2.5% currently - maybe worth opening? 

Appreciate that some people have missed out on better accounts, but this really isn't any reason for settling for a 2.5% limited access account right now.

For easy access accounts, check https://moneyfacts.co.uk/savings-accounts/easy-access-savings-accounts/?quick-links-first=false

Opening a savings account that may attract an uplift in the offing doesn't mean 'settling for' to me. 

MiserlyMartin

rallycurve said:

I withdrew my savings from Santander 2.75% eSaver after reading so many reports of blocks and pain to access the money. I had no problem with my transfers out (I did 2, and it was not a huge amount anyway) but I didn't want to risk having issues and stress when I needed the money... Glad there are more (better?) options now

I'll never forget when Santander blocked a withdrawal from my account some years ago, it was a crucial payment to complete on a house purchase. They nearly lost me the house. I had to beg and borrow money until I could get the money out of stupid Santander

MiserlyMartin

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. 

That makes me all the more happy to be putting money with them then. I can't stand cancel culture. It's finance and politics shouldn't come into it. The UK are hypocrites anyway when it comes to say Russia.

MiserlyMartin

dekkard said:

Principality Building Society:

On the 3 November 2022, the Bank of England increased the bank rate from 2.25% to 3.00%.

We’ve now worked through what this means for our savings Members.

Which translates to "we've now worked out how little we can get away with paying our savers" (in line with the amount the other BS and Banks are continuing the screwing of savers)

StevenGude

MiserlyMartin said:

rallycurve said:

I withdrew my savings from Santander 2.75% eSaver after reading so many reports of blocks and pain to access the money. I had no problem with my transfers out (I did 2, and it was not a huge amount anyway) but I didn't want to risk having issues and stress when I needed the money... Glad there are more (better?) options now

I'll never forget when Santander blocked a withdrawal from my account some years ago, it was a crucial payment to complete on a house purchase. They nearly lost me the house. I had to beg and borrow money until I could get the money out of stupid Santander

Not with thr same consequences but HSBC blocked me transferring £3000 from my own current account the other week, despite me transferring the money to myself. They wouldn't release the funds until I'd rang the beneficiary bank and confirmed in person that the details on my bank card were correct.