The Top Easy Access Savings Discussion Area

MiserlyMartin

Millyonare said:

Rheumatoid said:

Deleted_User said:

Earl Shilton? Never heard of them. Anybody?

I have as a Leics lad. Been around a long time. Maybe longer than me 

This has probably already been posted, but Earl Shilton BS today has a 3.00% instant-access Heritage account for people aged over 50yo. Seems to be available UK-wide. Makes it just about the best easy saver in the UK right now. Max of 4 withdrawals a year is the downside.

I suppose there are some upsides to being old

soulsaver

Zaul22 said:

Once again waiting for Zopa to go up now they are 14th on the 'top 10' as the list writer doesn't want to consider them as not making the cut. 

Yes, they have options that you can manipulate to be a much better rate than that at their listing position, so I try to keep them visible without it being biased. 

Also note there are a couple of accounts listed that aren't currently 'universally' available.

And I agree they're falling to far behind: I've only got a few ££S there now, spread over 90 day notice accounts with progressive monthly end dates, to use as a ladder if they up the rates. 

eta: typo fix

Noneforit999

Its been 4 weeks since my Wife sent off ID documents for the Santander 2.75% account and heard nothing since. I would assume we have lost a month already as its a 12 month rate.

She had issues with Santander in the past with a credit card, I recall it wouldn't let her pay the whole balance each month, she could only pay the statement balance which wasn't ideal so I think we will give up with them and look elsewhere. 

I like the idea of an app and with wanting both easy access and a 1 year fixed rate, Atom is where I am looking at the moment. Although neither is the top rate you can get, the differences are minimal and having both easy access and fixed in the same place with an app is a benefit. 

ForumUser7

Principality Web Saver Issue 8 -> 1.95 according to the online portal. Details not on main website yet.

ForumUser7

Kent Reliance Easy Access Issue 51 NLA. No replacement at this time.

[Deleted User]

and still the main site is "advertising" Aldermore as the best place for your savings. Maybe the staff are having a lay in?

flobbalobbalob

Noneforit999 said:

Its been 4 weeks since my Wife sent off ID documents for the Santander 2.75% account and heard nothing since. I would assume we have lost a month already as its a 12 month rate.

It took 4 weeks for mine. The 12 months start from account opening date. 
.

janusdesign

intalex said:

Sensory said:

intalex said:

Right so it is a deal breaker for you, as it is for me

I thought you were asking whether the banks were breaking any deals, as opposed to asking hypothetically about whether the condition was acceptable from a general customer standpoint.

Fair enough, for easy access the uncertainty and lack of guarantees is precisely now standard easy access accounts work, so I'd say there is no difference.

But for fixed rates, the presence of a break clause is very much a tangible risk. Say, if rates today have maxed out and one takes up a 5-year fix at 5.10% and then rates drop to sub-1% just as rapidly as they have recently risen, say 6-12 months into the 5-year fix, which bank will resist the temptation to exercise such a break clause and leave customers scrambling for sub-1% deals. Furthermore, customers aren't even given equivalent break clause rights.

I must admit I had no idea this was the case with fixed rate Sharia accounts, and I almost opted for Gatehouse over Coventry for one of my fixes, and only picked Coventry as it was an easier and seamless transfer. But now I'm grateful to learn of the one-sided break clause as I had always assumed that aside from terminology the mechanics and risk between Sharia and standard fixed rate accounts were exactly the same, which is not the case.

it's worth noting that both Al Rayan and Gatehouse say, and I remember Martin saying it a few times, that they have never failed to meet their expected returns - so whilst there's no guarantee that they won't in the future, it's certainly not a concern that's keeping me awake at night.

ForumUser7

The new Principality rates have been released. Some of the rows are incorrect I believe, i.e. my learner earner issue 3 pays 3.5% not 2.95% so this row is wrong. The First Home Saver Issue 3 rate is also wrong. Therefore perhaps take it with a pinch of salt, but seeing as it is official marketing communication I figured it deserved a post.

*EDIT* I've noticed this document is named 'Savings Rate Change Branch Notice September' despite being headed November

cheesemason

There’s been a distinct lack of movement since the last BoE rate rise. Do you thibk any have been waiting for the autumn statement before making a move, or do we think this is largely not going to be passed on (at least on the current better rate accounts). Really thought we would breach 3% on a few different providers