The Top Easy Access Savings Discussion Area

[Deleted User]

refluxer said:

Deleted_User said:

jak22 said:

If the Coventry limited or Zopa accounts aren't suitable then maybe Chase is the next best rate, but having a 1% cashback card doesn't make it an any better savings account. The 1% cashback is better than nothing but it is just £50 after spending £5000 and the roundup isn't that much either.

It's the whole package. I've earned £679.94 in cashback so far with 3 months of my year to go. That's not to be sniffed at. 

If you don't mind me asking, how on earth did you manage that, considering you don't get cashback for the usual big expenses like buying cars and houses, plus many other things like insurance etc ?

For reference, I've had my Chase account for a similar length of time, have been putting all of my purchases on it (including family Tesco shops and a new fridge-freezer and washing machine) plus I've got one £25 referral and have yet to reach £100 and, while we obviously all spend differing amounts on different things, I'm wondering if I'm missing a trick somewhere ?!

Of course I don't mind you asking, that's what we're here for. 

I'm going round the world in January for 3 months, that was over £20,000 so a couple of hundred back.

I also run a golf society. People pay me for their trips, I then pay the travel company with my CHASE card. As an example we are going to Malaga next year, 32 of us, total cost £23,750. On top of that if people want I'm happy to book their flights, already did that for 6 people, that was over a £1000. As was my golf club membership.

We went on a cruise around the Greek Islands. That was £2500 so another £25.

There's also little things I do. For example our family is going out for Christmas dinner. £50 each. They all paid me, I then paid the restaurant.  It all adds up. 

I know you believe me (why would I lie) but just in case....

[Deleted User]

I think people need to realise we are the odd ones out here, not many people are willing to do what we do.

I have a perfect example of that. Two years ago AMEX brought out an offer. Get a new card, spend over £1000 in the first three months and get £150 back. Now obviously I did this but because as previously mentioned I run a golf society I informed the members (47 of them) that if anybody would like to get themselves an AMEX card, I was happy to send them £1000 which they could then pay off of one of the trips. Free money guys. Only four people could be bothered to do it. Perhaps things aren't as bad as they seem.

mebu60

Deleted_User said:

I think people need to realise we are the odd ones out here, not many people are willing to do what we do.

Yup!! And we are a minority too. 

How many of our partners (for those who have) who see the benefits first hand would bother if we didn't do the legwork for them? Mine has absolutely no interest in such things. 

Olinda99

I may have missed it, but have Nationwide increased any rates lately? They are being very quiet.

refluxer

@Deleted_User thanks for that insight. I hadn't considered holidays and trips which, of course, can be a huge expense... especially when you're booking for 32 people - wow !

Section62

Olinda99 said:

I may have missed it, but have Nationwide increased any rates lately? They are being very quiet.

They had a round of interest rate increases that came into effect on 1 December.  The only one that vaguely got me interested was the Start to Save issue 2 going up to 5% from 3.5%, but with a £50/month maximum deposit it is more of an uninteresting regular saver account than easy access.

In response to the subsequent BoE rise, the latest update from Nationwide says they are "working through" what that means for their savings members.

SanguineOnSaturn

They had a round of interest rate increases that came into effect on 1 December.  The only one that vaguely got me interested was the Start to Save issue 2 going up to 5% from 3.5%, but with a £50/month maximum deposit it is more of an uninteresting regular saver account than easy access.

Made slightly more interesting by the prospect of winning £250 in the 3 prize draws at 6 month intervals.

Descrabled

Virgin Money

App says in "good to know" that m plus saver is now 2.52% up to £25k and 2.02% above. Bit late to the party.

dekkard

Principality Building Society have today posted a link on their home page to a PDF with their interest rate changes:

https://www.principality.co.uk

jaypers

Descrabled said:

Virgin Money

App says in "good to know" that m plus saver is now 2.52% up to £25k and 2.02% above. Bit late to the party.

Nowhere near good enough. I’ve already moved money away.