The Top Easy Access Savings Discussion Area

Sensory

Note that the Coventry BS Limited Access Saver is 2.81% gross p.a. if interest is taken monthly.

pecunianonolet

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

chris_the_bee

Monmouthshire - Premium Instant Account

Just spoke to them. "Inundated with applications and impacted by postal strikes. If not received anything by 9th December, give us a call."

jak22

YBS might have already been at #1 with their Loyalty Six Access eSaver if they hadnt been so slow at increasing rates this time - it's scheduled to rise to 3% on the 9th

ASL1

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?

pecunianonolet

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?

Nobody knows but they have been quick in passing on BoE rate increases and we will most certainly see another rise, even if perhaps smaller now as it was expected a few weeks ago. I estimate a 0.5% rise.

Al Ryan:
- You need 5k to open it, once open the rate is paid on balances > £1
- Easy access is unlimited (avoid movements on a weekend as they are a Monday - Friday bank
- Rather strict with fraud prevention, had to call them twice to authorise a payment. Waiting music is for my taste aweful. 

Coventry:
- You can open from £1
- Only 6 withdrawels a year
- I can't make any comment on how fast they operate and if truly instant also on weekends as I don't bank with them

You could split and open both to use Al Ryan as a feeder account and Coventry for less regular access needs to "park" cash to use at a later time for ISAs, bonds, etc.

kaMelo

Don't forget Coventry BS First Home Saver The only restriction is you're limited to depositing £1000 per month but it's giving 2.95% with easy access.

phillw

pecunianonolet said:
- Rather strict with fraud prevention, had to call them twice to authorise a payment. Waiting music is for my taste aweful. 

I've only phoned them once, it took them something like 6 hours for a withdrawal I requested before 9am. I'm not sure the phone call achieved anything.

So they are slow (all transfers are sent via another bank) but they never asked me to authorize a payment.

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.