The Top Easy Access Savings Discussion Area

Band7

Bridlington1 said:

Skipton triple access saver now pays 2.65%. Min balance £5k.

Mediocre account, and that’s being kind

AmityNeon

Deleted_User said:

You know what would be interesting, well at least I would find interesting, would be to keep account of who is top of the charts for the most days. On the main site it feels like ZOPA has been there for ages now, though I understand Coventry will take over very soon.

I do realise by the way this can't be done, there are too many notions of what "Easy Access" really means. For me it means any amount and no withdrawal limitations whatsoever, I know others feel differently.

The main site comparison table already has additional columns listing balance limits and withdrawal restrictions, and it separates the low-balance accounts into their own 'non-standard' section. It's easy enough to identify the top Easy Access account and the top Limited Access account within the same table without needing another separate section.

I do find it ironic though that Chip's 3% is not only in the 'standard' section of the table (albeit in the last position), but its entire row is also highlighted prominently in yellow. Al Rayan's 2.85% AER expected profit (FSCS-protected) was always shunted to the very bottom of the 'non-standard' section (and listed incorrectly as 2.81%), even when it was the top-paying Easy Access account. Zopa only recently took the top spot.

t1redmonkey

I'm thinking/hoping that we may see some better easy access rates coming in the next couple of weeks now that the festive period is over.  I reckon any banks thinking of increasing theirs were holding off over Xmas/New Year due to reduced staffing levels, whereas most people have returned to work today.

[Deleted User]

AmityNeon said:

 Zopa only recently took the top spot.

I thought it was when the last bank rate change took place, about 3 weeks ago now. I think three weeks is a long time as it goes to be "Top Dog".

Bridlington1

AmityNeon said:

Zopa only recently took the top spot.

Though you could argue that the Barclays rainy day saver, although hoop-heavy, has held the top spot at 5% for a couple of months now.

AmityNeon

Deleted_User said:

AmityNeon said:

Zopa only recently took the top spot.

I thought it was when the last bank rate change took place, about 3 weeks ago now. I think three weeks is a long time as it goes to be "Top Dog".

"Recently" being relative to how long Al Rayan was the top dog for Easy Access (not Limited Access) accounts without low balance limits or operating balance conditions. One day short of eight weeks.

Santander launched their chart-topping 2.75% AER eSaver Limited Edition on 11 October (which was only available for eight days). On 21 October, Al Rayan increased the rate for their Everyday Saver to 2.85% AER which has held steady to this day.

Bridlington1 said:

AmityNeon said:

Zopa only recently took the top spot.

Though you could argue that the Barclays rainy day saver, although hoop-heavy, has held the top spot at 5% for a couple of months now.

With a balance limit of just £5,000 for maximum interest, the Barclays Rainy Day Saver was always at the top of the 'non-standard' section of the table. These accounts with low balance limits usually complement the standard Easy/Limited Access accounts without such limits.

happybagger

t1redmonkey said:

I'm thinking/hoping that we may see some better easy access rates coming in the next couple of weeks now that the festive period is over.  I reckon any banks thinking of increasing theirs were holding off over Xmas/New Year due to reduced staffing levels, whereas most people have returned to work today.

I think given the boards of most building societies only sit once a month then from that sector at least, we're likely to see many holding off until Feb 1st.

Wheres_My_Cashback

Deleted_User said:

AmityNeon said:

 Zopa only recently took the top spot.

I thought it was when the last bank rate change took place, about 3 weeks ago now. I think three weeks is a long time as it goes to be "Top Dog".

ZOPA had lagged behind for a couple of months before that.

The most consistent highest paying a/c over the past 3 years has been Al Rayan. They may get knocked off the top temporarily, but usually bounce back pretty quickly. I'd expect another increase from them very soon.

[Deleted User]

Wheres_My_Cashback said:

Deleted_User said:

AmityNeon said:

 Zopa only recently took the top spot.

I thought it was when the last bank rate change took place, about 3 weeks ago now. I think three weeks is a long time as it goes to be "Top Dog".

ZOPA had lagged behind for a couple of months before that.

The most consistent highest paying a/c over the past 3 years has been Al Rayan. They may get knocked off the top temporarily, but usually bounce back pretty quickly. I'd expect another increase from them very soon.

Well my account with them is still open so I'm ready, though I'm operating the Ladder system with ZOPA so the jump will have to exceed 3.26%.

phillw

The most consistent highest paying a/c over the past 3 years has been Al Rayan. They may get knocked off the top temporarily, but usually bounce back pretty quickly. I'd expect another increase from them very soon.

I've just pulled all bar 1p out, so hopefully that will encourage them...

Although I'd quite like an actual bank who can process transactions for themselves instantly, to step up..