The Top Easy Access Savings Discussion Area

Zaul22

Paragon is apparently available through Raisin. 

Bridlington1

Zaul22 said:

Paragon is apparently available through Raisin. 

Unless you're seeing something I'm not, the top EA Paragon account offered through Raisin is the rainy day easy access account a 2.6%. The one I was referring to was the Triple Access Issue 10 (NLA) now at 3%. The minimum deposit for the one via Raisin is a hefty £20k, which is a far cry from the £1 minimum for the triple access account.

cricidmuslibale

soulsaver said:

ToTP  

OK trappers: 

Easy(ish) Access, Top (10 ish) Of The Pots. BoE BR +0.75 =3.00% (03/11)

Updated at 08/12/2022 c.01.00hrs - Starter for 10; not comprehensive, DYOR.

Latest/recent changes in bold (No.1 always). Links added for all accounts. TIA for all contributions. Bracketed dates = date rate added here.

                                         

Yorkshire BS 3.0% takes top spot at 09/12 albeit with loyalty account!

Note: see Small(ish) Balance, ToTP high rates lower on this page. 

First Direct 2.6% Bonus saver - see 'Small(ish) Balances'

Note Oddballs: Monmouth BS 3.00% - see trail (01/12). Bucks BS 2.90% see trail (03/12). 

1 Yorkshire BS Loyalty Six Iss2 (12mth customers) 3% wef (09/12). Plus Rainy Day ac (3.0% to £5k, 2.5% >£5k wef (09/12) View our Easy Access Savings Accounts | Savings |YBSOnline Savings Account Thnx @veryintrigued 

2 Aldermore 3.00% Double Access (11/11 24/11) NLA new customers Double Access Account, Instant Access Savings Account - Aldermore Bank Link says NLA atm, but appears still available to existing customers (and 2.75% EA) see: The Top Easy Access Savings Discussion Area - Page 928 — MoneySavingExpert Forum (Ed)

3 Al Rayan £5k min; 2.81% E.P. (circa 2.85 aer) (21/10) App onlyish. Everyday Saver (Issue 3) | Islamic banking | Sharia compliant & ethical (alrayanbank)

4 Coventry BS limited (6) access 2.85% (02/12) Limited Access Saver (Online) (6) (coventrybuildingsociety.co.uk) thnx @Expotter & @Bridlington1

5 Chorley BS  £500 min bal 2.85% <5w/ds; 5 or more 1.00% (08/12).Chorley Easy access saver (4 withdrawals) ***Note not online w/ds***. see trail 08/12    Also see trail for 6w/d option ac at 2.75% wef 15/12. Same w/d limitation.

6 Cynergy EA iss 53; 2.75% (inc 0.15%) (13/10) app/digipass for ol access. Existing customers only 18/10 Cynergy Bank 

7 Yorkshire BS IS Plus 12 *tiered* 2.6% (2.6% >£10k< 2.3; 2.65% >£50k (09/12)  (17/11) View our Easy Access Savings Accounts | Savings |YBSOnline Savings Account

8 Tandem 2.55% App only (03/11)   https://www.tandem.co.uk/products/savings/iasa  

9 Atom 2.55% App only (04/11) Instant Saver 2.55% Interest Rate - Easy Access Savings | Atom bank

10 Nationwide Tri Access 2.5% (18/11) 1 Year Triple Access Online Saver | Nationwide thnx @ForumUser7

11 TSB limited Access 2.5% (18/11) Save Well Limited Access Account | Savings | TSB Bank thnx @Bridlington1

12 Principality BS Dble 2.5% (14/11) Online Double Access | Online Double Access (principality.co.uk)

13 Sainsbury Defined access (tri) Iss34 £1k min 2.5% (01/12) Defined Access Saver with Sainsbury's Bank (sainsburysbank.co.uk) thnx @Minty33

Up Coming:

Chorley BS 6-access 2.75% (06/12) wef 15/12 https://www.chorleybs.co.uk/savings-rate-increase/See trail posts. 

Small(er) balance, ToTP rates:

First Direct  Bonus SVR 2.6% to £25K & no w/d in month or 0.65% (01/12) Bonus Savings Account | first direct Thnx @Bridlington1

Yorkshire BS Rainy Day ac (3.0% wef 09/12 to £5k, 2.5%> £5K) (17/11) View our Easy Access Savings Accounts | Savings | YBS 

Newbury BS 2.8% on <£3k; 3% (members) <£2k (4k?)  Savings products | Newbury see trail (08/12) thnx @dcs34

Nationwide FlexDirect 5% on £1.5k (1st year only) FlexDirect | In-credit interest current account | Nationwide

Barclays Blue Rewards c/w 5.00% 'Rainy Day Saver' to £5k(30/09) .Rainy Day Saver | Barclays  

HSBC 3% on upto £10k (20/10)Online Savings Account | Bonus Savings Account - HSBC UK thnx @Descrabled

NLA - No Longer available, see trail posts: 

Monmouth 3.0 (NLA online); Ford 2.5; Paragon 2.6; Skipton 2.65; Charter 2.75; Kent 2.75; Coventry 2.25; Gatehouse 2.80; Sainsbury's 2.75 

Recent/Upcoming Drop offs (see trail): Zopa; Investec; RCI; Marcus/Saga; Harpenden; Secure Trust Bank; Tesco; Chase.

Check terms for yourself - DYOR.

Note: These rates may, or may not be applied to existing accounts, plse check.

Also see Regular Savings Accounts: The Best Currently Available List! — MoneySavingExpert Forum

And Cash ISAs: The Best Currently Available List — MoneySavingExpert Forum

And Notice Accounts: Notice Accounts - Page 30 — MoneySavingExpert Forum

[This post, originally written just before midday today, has been moved to this discussion thread from the 'no chat' thread on @soulsaver's request.]

@soulsaver Thank you very much once again for continuing to keep all the above right up to date!

There's currently a small but potentially important omission I've only just spotted: The HSBC Online Bonus Saver interest rate reduces to 0.65% for the entire month in which any withdrawals are made; perhaps that should be noted above in the same way that you have done for the First Direct Bonus Saver.

soulsaver

cricidmuslibale said:

soulsaver said:

ToTP  

OK trappers: 

Easy(ish) Access, Top (10 ish) Of The Pots. BoE BR +0.75 =3.00% (03/11)

Updated at 08/12/2022 c.01.00hrs - Starter for 10; not comprehensive, DYOR.

Latest/recent changes in bold (No.1 always). Links added for all accounts. TIA for all contributions. Bracketed dates = date rate added here.

                                         

Yorkshire BS 3.0% takes top spot at 09/12 albeit with loyalty account!

Note: see Small(ish) Balance, ToTP high rates lower on this page. 

First Direct 2.6% Bonus saver - see 'Small(ish) Balances'

Note Oddballs: Monmouth BS 3.00% - see trail (01/12). Bucks BS 2.90% see trail (03/12). 

1 Yorkshire BS Loyalty Six Iss2 (12mth customers) 3% wef (09/12). Plus Rainy Day ac (3.0% to £5k, 2.5% >£5k wef (09/12) View our Easy Access Savings Accounts | Savings |YBSOnline Savings Account Thnx @veryintrigued 

2 Aldermore 3.00% Double Access (11/11 24/11) NLA new customers Double Access Account, Instant Access Savings Account - Aldermore Bank Link says NLA atm, but appears still available to existing customers (and 2.75% EA) see: The Top Easy Access Savings Discussion Area - Page 928 — MoneySavingExpert Forum (Ed)

3 Al Rayan £5k min; 2.81% E.P. (circa 2.85 aer) (21/10) App onlyish. Everyday Saver (Issue 3) | Islamic banking | Sharia compliant & ethical (alrayanbank)

4 Coventry BS limited (6) access 2.85% (02/12) Limited Access Saver (Online) (6) (coventrybuildingsociety.co.uk) thnx @Expotter & @Bridlington1

5 Chorley BS  £500 min bal 2.85% <5w/ds; 5 or more 1.00% (08/12).Chorley Easy access saver (4 withdrawals) ***Note not online w/ds***. see trail 08/12    Also see trail for 6w/d option ac at 2.75% wef 15/12. Same w/d limitation.

6 Cynergy EA iss 53; 2.75% (inc 0.15%) (13/10) app/digipass for ol access. Existing customers only 18/10 Cynergy Bank 

7 Yorkshire BS IS Plus 12 *tiered* 2.6% (2.6% >£10k< 2.3; 2.65% >£50k (09/12)  (17/11) View our Easy Access Savings Accounts | Savings |YBSOnline Savings Account

8 Tandem 2.55% App only (03/11)   https://www.tandem.co.uk/products/savings/iasa  

9 Atom 2.55% App only (04/11) Instant Saver 2.55% Interest Rate - Easy Access Savings | Atom bank

10 Nationwide Tri Access 2.5% (18/11) 1 Year Triple Access Online Saver | Nationwide thnx @ForumUser7

11 TSB limited Access 2.5% (18/11) Save Well Limited Access Account | Savings | TSB Bank thnx @Bridlington1

12 Principality BS Dble 2.5% (14/11) Online Double Access | Online Double Access (principality.co.uk)

13 Sainsbury Defined access (tri) Iss34 £1k min 2.5% (01/12) Defined Access Saver with Sainsbury's Bank (sainsburysbank.co.uk) thnx @Minty33

Up Coming:

Chorley BS 6-access 2.75% (06/12) wef 15/12 https://www.chorleybs.co.uk/savings-rate-increase/See trail posts. 

Small(er) balance, ToTP rates:

First Direct  Bonus SVR 2.6% to £25K & no w/d in month or 0.65% (01/12) Bonus Savings Account | first direct Thnx @Bridlington1

Yorkshire BS Rainy Day ac (3.0% wef 09/12 to £5k, 2.5%> £5K) (17/11) View our Easy Access Savings Accounts | Savings | YBS 

Newbury BS 2.8% on <£3k; 3% (members) <£2k (4k?)  Savings products | Newbury see trail (08/12) thnx @dcs34

Nationwide FlexDirect 5% on £1.5k (1st year only) FlexDirect | In-credit interest current account | Nationwide

Barclays Blue Rewards c/w 5.00% 'Rainy Day Saver' to £5k(30/09) .Rainy Day Saver | Barclays  

HSBC 3% on upto £10k (20/10)Online Savings Account | Bonus Savings Account - HSBC UK thnx @Descrabled

NLA - No Longer available, see trail posts: 

Monmouth 3.0 (NLA online); Ford 2.5; Paragon 2.6; Skipton 2.65; Charter 2.75; Kent 2.75; Coventry 2.25; Gatehouse 2.80; Sainsbury's 2.75 

Recent/Upcoming Drop offs (see trail): Zopa; Investec; RCI; Marcus/Saga; Harpenden; Secure Trust Bank; Tesco; Chase.

Check terms for yourself - DYOR.

Note: These rates may, or may not be applied to existing accounts, plse check.

Also see Regular Savings Accounts: The Best Currently Available List! — MoneySavingExpert Forum

And Cash ISAs: The Best Currently Available List — MoneySavingExpert Forum

And Notice Accounts: Notice Accounts - Page 30 — MoneySavingExpert Forum

[This post, originally written just before midday today, has been moved to this discussion thread from the 'no chat' thread on @soulsaver's request.]

@soulsaver Thank you very much once again for continuing to keep all the above right up to date!

There's currently a small but potentially important omission I've only just spotted: The HSBC Online Bonus Saver interest rate reduces to 0.65% for the entire month in which any withdrawals are made; perhaps that should be noted above in the same way that you have done for the First Direct Bonus Saver.

Thanks, Fixed.

Zerforax

I thought we would see some increases before the expected increase by the Bank of England tomorrow but doesn't seem like it?

t1redmonkey

Wouldn't be surprised if banks/building societies do not want to offer any 'top of the table' rates right now due to the extra workload it might bring to them considering we're close to Xmas and a lot of them will have reduced staffing levels until January.

jimexbox

Even if there is a 0.50 rise tomorrow, although 0.25 is a definite possibility. I can't see any movement in rates, if any, until late January. With the housing market cooling, less lending, loads of cash in accounts. There is zero incentive for banks to raise savings rates. 

mebu60

jimexbox said:

Even if there is a 0.50 rise tomorrow, although 0.25 is a definite possibility. I can't see any movement in rates, if any, until late January. With the housing market cooling, less lending, loads of cash in accounts. There is zero incentive for banks to raise savings rates. 

Have to agree. Happy to have 2.85% - 3.0% EA currently, best hope at the moment is that they are maintained at that level in Q1 2023. No expectation of any further rises from financial institutions in the short term regardless of tomorrow's outcome. 

TiVo_Lad

jimexbox said:

...There is zero incentive for banks to raise savings rates. 

Au contraire. Every financial institution has their own unique loan book with different underlying financing rates and maturities, so they will take individual decisions about their cash needs. If they have funding that is maturing, they will need to go to the market and the BoE Base Rate will be a major determinant of the prevailing market rate; if they need cash they need to attract it. Not every financial institution has access to funds from every source; most "high street" banks can get cash more or less anywhere which iswhy they rarely offer market leading rates, whereas the lower tier institutions will be more reliant on consumer cash.

They also need to balance the funding portfolio and keep it stable; portions of consumer cash are notoriously "flighty" (primarily held by those that haunt these forums) so if they want to hold on to consumer's cash they either need to offer a very attractie rate or, as we have increasingly seen, force consumers to go through hoops to get their cash out.

Band7

Zerforax said:

I thought we would see some increases before the expected increase by the Bank of England tomorrow but doesn't seem like it?

NS&I upped the rate on their Direct Saver to 2.3% yesterday (yawn)

Also yesterday, they upped the average return from Premium Bonds to 3%. Highly attractive for HR tax payers as this equates to 5% before tax. Obviously it comes with the risk of getting less than 3%, but also with a small chance for even higher than 3% tax free. And is easy access.

Even BR tax payers might want to have a go, as it could be the equivalent of 3.75% or more. Or less.....