Are savings platforms a good idea in this environment

Millyonare

Platforms are another middleman, and they use other middlemen to process the cash, which layers more processes on top of more processes. That means they can be very slow, in today's fast-moving world. Raisin took days, for example. Unless they gift free cash (like a £30 intro bonus), I now tend to avoid the savings platforms.

trickydicky14

I’ve been using HL and Raisin for a number of years, I’ll add, I only use them when they have something good to offer. For the convenience I’m happy to have a rate that is say 0.2% or so lower than other top rates. As with a previous comment, as I get older, I like to simplify things. I use both but purely out of preference, I would use HL.

I’m getting fed up with so many institutions requiring so much paper work and original documentation to open a savings account I now find the above an acceptable middle path to walk most of the time.

I know some folks get very upset when they have to wait an extra day or so to get hold of matured savings, for me it’s not a game changer.