The Top Easy Access Savings Discussion Area

TiVo_Lad

In line with Ford's "Best Rate Guarantee" they're increasing the rate of their Flexible Saver from 2.5% to 2.65%, effective from today. So not the Best Rate.

[Deleted User]

Nick_C said:

ColdIron said:

Many accounts pay better than Chase without waiting a couple of weeks

https://forums.moneysavingexpert.com/discussion/6392978/top-easy-access-acs-ranked-top-of-the-pots-no-chat/p1

They do.  But how many of them allow you to set up Direct Debits, Standing Orders, multiple future dated scheduled payments, and send payments out immediately, while paying 2.7% monthly interest and giving you market rates on foreign currency transactions from your linked current account? 

I like CHASE. The 2.7% will get my money back from AL RAYAN. Sure its a smidge lower interest but its so handy to have two accounts including a current account with one lender. I just move money across when I need to pay something out, invariably earning 1% interest on the purchase. It's when that goes end of March I will consider leaving CHASE.

SandyN21

Ford Money

Section62

TiVo_Lad said:

In line with Ford's "Best Rate Guarantee" they're increasing the rate of their Flexible Saver from 2.5% to 2.65%, effective from today. So not the Best Rate.

All they guarantee is the rate paid to existing savers won't be worse than the rate paid to new customers on like-for-like products.

2.65% is a fair way short of the top products, but much better than the easy access rates offered by many.

soulsaver

SandyN21 said:

Ford Money

Not 'On Sale'  Flexible Savings Account - Easy access savings | Ford Money

Section62

soulsaver said:

SandyN21 said:

Ford Money

Not 'On Sale' 

...so not an increase to draw in a whole lot of new customers.  Or perhaps an indicator it may be back on sale soon?

phillw

Deleted_User said:
invariably earning 1% interest on the purchase. It's when that goes end of March I will consider leaving CHASE.

I guess you don't have access to a 0% purchase credit card?

phillw

Nick_C said:
They do.  But how many of them allow you to set up Direct Debits, Standing Orders, multiple future dated scheduled payments, and send payments out immediately, while paying 2.7% monthly interest and giving you market rates on foreign currency transactions from your linked current account? 

That's fine for your float, where the difference in interest on the money to cover the payments will be quite small. If you want that level of service then it would have been worth using it before the interest rate rise.

However If you have the whole £85,000 in chase then it's still a £10 a month difference by just shoving it in Al Rayan & you can do better than that by spreading your money around.

Rheumatoid

Nick_C said:

ColdIron said:

Many accounts pay better than Chase without waiting a couple of weeks

https://forums.moneysavingexpert.com/discussion/6392978/top-easy-access-acs-ranked-top-of-the-pots-no-chat/p1

They do.  But how many of them allow you to set up Direct Debits, Standing Orders, multiple future dated scheduled payments, and send payments out immediately, while paying 2.7% monthly interest and giving you market rates on foreign currency transactions from your linked current account? 

And a year of 1% cashback

refluxer

phillw said:

Deleted_User said:
invariably earning 1% interest on the purchase. It's when that goes end of March I will consider leaving CHASE.

I guess you don't have access to a 0% purchase credit card?

Marvo was talking about the 1% cashback you get by making certain purchases using your Chase card