The Top Easy Access Savings Discussion Area

Sensory

ASL1 said:

pecunianonolet said:

Let's see how long it will take for Al Ryan to increase their profit rates to be the only one on top again.

Is there a good chance this will happen? Wondering whether to bother opening the Coventry building society account or not?

I have accounts open should rates increase, and so it's easier to open any new (or exclusive) accounts in the future.

soulsaver

Last time Al Rayan was 'stirred' was by another 'Expected Profit' topping them at 2.80% .. GH went 2.80 in the morning...  and AR went 2.81 the same afternoon.

After a couple of days, and after sucking AR in, Gatehouse made their 2.80 NLA. 

Bridlington1

Buckinghamshire BS single access saver now pays 2.9%. Can be opened in branch or by post and can be managed in branch, by post or online.

Edit:

Buckinghamshire BS triple access saver now pays 2.6% as well. Can be opened in branch or by post and can be managed in branch, by post or online.

soulsaver

Bridlington1 said:

Buckinghamshire BS single access saver now pays 2.9%. Can be opened in branch or by post and can be managed in branch, by post or online.

• One withdrawal is allowed between 1 January and 31 December each year without notice or penalty, after which no further withdrawals can be made during that calendar year.
• A second withdrawal within a calendar year will result in the automatic closure of the account.
• Withdrawals can be made in cash at our branch, or by cheque or bank transfer to your nominated bank by writing to us and sending us your passbook, or by making a request online through mybbs.
• Cash withdrawals are subject to a daily limit of £500 and £3,000 on 3 days notice. 
• Faster payment transfers are limited to £100,000 and must be paid into a nominated account in your name.
• Online transfer requests through mybbs are subject to a daily limit of £5,000.

soulsaver

Note for the interested: Cov BS 2.85% AER is not much difference to Al Rayan's 2.81% EP as the latter is 'gross', as someone pointed out (quite a bit) earlier. 

Band7

soulsaver said:

Note for the interested: Cov BS 2.85% AER is not much difference to Al Rayan's 2.81% EP as the latter is 'gross', as someone pointed out (quite a bit) earlier. 

Never mind the similar interest rates. I think there is a huge difference between unlimited access and 6 annual access only.

Sensory

soulsaver said:

Note for the interested: Cov BS 2.85% AER is not much difference to Al Rayan's 2.81% EP as the latter is 'gross', as someone pointed out (quite a bit) earlier. 

Coventry pays exactly the same rate at 2.81% if interest is taken monthly, so in that case the only difference is withdrawal limits. Not sure whether that really places them above Al Rayan despite the quoted AER; if anything, they trade the same position.

Section62

Band7 said:

soulsaver said:

Note for the interested: Cov BS 2.85% AER is not much difference to Al Rayan's 2.81% EP as the latter is 'gross', as someone pointed out (quite a bit) earlier. 

Never mind the similar interest rates. I think there is a huge difference between unlimited access and 6 annual access only.

For some of us there's no practical difference - with interest rates going up I'm just using the Coventry account as a holding place at 2.85% until there is something else at 3%+.  One of the six annual withdrawals will see all but £1 moved elsewhere when the time eventually comes.

If Coventry increase the rate later in the year then I'll still have another five opportunites to rinse and repeat.

Ditto for the YBS Loyalty Six Access Saver when that becomes my 3% account next week.

Band7

Monmouthshire Premium Instant Issue 3 - arrrrgggghhhh

I applied for this account online on November 23. I called them 2 days later to ask whether my account was open and was told it would take a week. Today, clearly not helped by the postal strike, I received a signature confirmation request form which they never mentioned before but have to have received before I can use the account. I should add, I am an existing MonBS customer, and they have my signature on file. Incredibly inefficient account opening procedure!


At least they know how to spell their name - not 🤣

Thirty9

Monmouths(h)ire are looking like too much faff for me! I'm giving them a miss.