The Top Easy Access Savings Discussion Area

Bridlington1

techno12 said:

Interesting reading people chopping and changing current accounts.

I've been with Barclays for 35 years (they got me with the SuperSaver kids thing back in the 80s) and would never consider switching as I'm used to it - my daily financials run through it, I'm used to the app and sort code numbers etc can't bother to change. Inertia...

Liking their current chart topping 5%+ on £5k Rainy Day Saver.

The people who have multiple concurrent "current accounts" are just playing the system and taking the !!!!!!. You should only have one "current account" really IMHO - would be too much faff for me to keep track of it all to gain a few quid sign up!

I appreciate much of this is off topic given that this is the top easy access thread but anyhow. Last month I opened a Barclays current account and transferred some savings into the rainy day saver. 18 days after I opened the current account Barclays went and shut my accounts without warning or explanation, resulting in me having to go into branch with proof of ID to get the money sent back to me. Had Barclays been my only account, it would have contained all of my cash savings and its closure would have resulted in me returning home with a five figure sum in cash. Not only would this be incredibly risky in itself but can you imagine the hassle of trying to open a new account with another bank and immediately depositing a 5 figure sum in cash? It just doesn't bear thinking about.

The above is just one of a vast range of reasons why you should not stick to just one bank. Moreover banks aren't particularly loyal to their customers. If you are loyal you quite often end up languishing on some of the lowest interest rates around. They are there to make money out of us at the end of the day. Why on earth would I be loyal to them? Instead I shall move my money to whoever makes it worthwhile to do so.

At last count (last week) I had 16 current accounts, 56 savings accounts, 3 investment accounts, 3 credit cards and a credit union account. I do not find them too much faff at all. In fact if anything I rather enjoy squeezing every penny out of my hard earned cash. I'm currently liking the 5.5% regular saver with Monmouthshire BS's Christmas Saver, the 5.25% Club Lloyds regular saver, the 5% on up to £5k with both Natwest/RBS's digital regular savers, a string of 3% easy access savings accounts that were pulled shortly after I grabbed them and Coventry's limited access saver, which will soon hit 3.25%.

UncleK

Bridlington1 said:

At last count (last week) I had 16 current accounts, 56 savings accounts, 3 investment accounts, 3 credit cards and a credit union account. I do not find them too much faff at all. In fact if anything I rather enjoy squeezing every penny out of my hard earned cash. I'm currently liking the 5.5% regular saver with Monmouthshire BS's Christmas Saver, the 5.25% Club Lloyds regular saver, the 5% on up to £5k with both Natwest/RBS's digital regular savers, a string of 3% easy access savings accounts that were pulled shortly after I grabbed them and Coventry's limited access saver, which will soon hit 3.25%.

I think you should be up for some kind of award. let's see who can beat that We may be off topic, but hey, it's nearly Christmas.

[Deleted User]

techno12 said:

Interesting reading people chopping and changing current accounts.

I've been with Barclays for 35 years (they got me with the SuperSaver kids thing back in the 80s) and would never consider switching as I'm used to it - my daily financials run through it, I'm used to the app and sort code numbers etc can't bother to change. Inertia...

Liking their current chart topping 5%+ on £5k Rainy Day Saver.

The people who have multiple concurrent "current accounts" are just playing the system and taking the !!!!!!. You should only have one "current account" really IMHO - would be too much faff for me to keep track of it all to gain a few quid sign up!

Thank god for people like you. It's people like you that allow for bonuses for people like me.

Oh, and its not "A few quid", far from it. You'll make £250 from your rainy day account that you like so much and it will take you a year.

I've made nearly £2,000 from switches AND I've also got the Rainy Day account. 

As for faff, well I agree if faff stands for Fun And Free Finance.

Am I playing the system? Too right I am.

jak22

No-one cares - stick to info about Easy Access savings accounts

[Deleted User]

jak22 said:

No-one cares - stick to info about Easy Access savings accounts

If that's aimed at me that's not quite true now is it? My response was the 9th that quoted Technos inflammatory post.

I take your point though.

I'm going along with ZOPA at the moment. Does that help?

Band7

Deleted_User said:

jak22 said:

No-one cares - stick to info about Easy Access savings accounts

If that's aimed at me that's not quite true now is it? My response was the 9th that quoted Technos inflammatory post.

I take your point though.

I'm going along with ZOPA (95 Day notice at 3.26%) at the moment. Does that help?

errrm, no. This thread is about easy access accounts.

Zopa 95 day notice account is...........a notice account, so is best discussed in the Notice Accounts thread. Please.

https://forums.moneysavingexpert.com/discussion/6370428/notice-accounts

[Deleted User]

Okay. I'm with ZOPA. Currently shown on the main site as the best Easy Access account. Does that help?

Richard1212

Deleted_User said:

jak22 said:

No-one cares - stick to info about Easy Access savings accounts

If that's aimed at me that's not quite true now is it? My response was the 9th that quoted Technos inflammatory post.

I take your point though.

I'm going along with ZOPA (95 Day notice at 3.26%) at the moment. Does that help?

No.............

[Deleted User]

Well, I'm sticking by Super Zopa for now. They immediately raised their rates, there is no minimum amount, you get the interest monthly and you can withdraw money as many times as you like, so in my opinion, today, 19/12/22, they are the best bet.

Of course, tomorrow, thing may change. That's all part of the fun. Goodnight my pedantic friends.

soulsaver

Just an observation relating to ToTP list :

Re ToTP list.

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

It's listed in the 'Smaller Balances' for it's good rate on the first £5k. However as the balance on deposit increases above £5k, the overall/aggregated rate declines.

So a £45k balance would earn 2.555% pa and could qualify at the bottom end of the main list, depending on an opinion of where the top limit of a 'smaller balance' falls. 

The issue doesn't crop up often, so I'm not actually trying to resolve it and I didn't want to tempt a chat in the 'no chat' thread - but I wanted to link to the observation.

* Thnx @ircE