Best interest eady access account

Joannerogers

I have a lump sum of £78,000, don't know what's the best interest easy access account to open?

The money will be required at different stages towards a new build. 

ForumUser7

Joannerogers said:

I have a lump sum of £78,000, don't know what's the best interest easy access account to open?

The money will be required at different stages towards a new build. 

Here are some helpful resources that are frequently updated. The first one has several helpful filters. You'll need to do your own research into specific products, to ensure they fulfil your requirements.

https://moneyfactscompare.co.uk/savings-accounts/easy-access-savings-accounts/?quick-links-first=false

https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/#easyaccess

https://forums.moneysavingexpert.com/discussion/6392978/top-easy-access-acs-ranked-top-of-the-pots-no-chat#latest - note this thread is not for discussion.

https://forums.moneysavingexpert.com/discussion/596724/the-top-easy-access-savings-discussion-area#latest

Bigwheels1111

In simple terms, Chip @ 3.82%.
Set up the account, via the app.
I think I added my debit card but did not fund it that way as takes 3 days.
Once it was open I went into the easy access account, clicked Add money.
Then I added my bank account vie open banking.
I then transferred my test payment of £10.
It asks how much and then takes you to your bank where you confirm the transfer.
As soon as you click yes it opens another page where I need to click open and it confirms the deposit in Chip.
I made payments and withdraws every day over the bank holiday weekend to see if it was instantly debited and credited.
It was.
I would give them 10 out of 10.
You should get around £7 84 a day in interest if I’ve worked it out right.

allegro120

Joannerogers said:

I have a lump sum of £78,000, don't know what's the best interest easy access account to open?

The money will be required at different stages towards a new build. 

At the moment the best paying easy/instant access account comes from Chip, the second best from Tandem. 

dgpur

Bigwheels1111 said:

In simple terms, Chip @ 3.82%.
Set up the account, via the app.
I think I added my debit card but did not fund it that way as takes 3 days.
Once it was open I went into the easy access account, clicked Add money.
Then I added my bank account vie open banking.
I then transferred my test payment of £10.
It asks how much and then takes you to your bank where you confirm the transfer.
As soon as you click yes it opens another page where I need to click open and it confirms the deposit in Chip.
I made payments and withdraws every day over the bank holiday weekend to see if it was instantly debited and credited.
It was.
I would give them 10 out of 10.
You should get around £7 84 a day in interest if I’ve worked it out right.

allegro120 said:

Joannerogers said:

I have a lump sum of £78,000, don't know what's the best interest easy access account to open?

The money will be required at different stages towards a new build. 

At the moment the best paying easy/instant access account comes from Chip, the second best from Tandem. 

My advice to the OP would be to share the money between Chip and Tandem. Just for safety.

Bigwheels1111

dgpur said:

Bigwheels1111 said:

In simple terms, Chip @ 3.82%.
Set up the account, via the app.
I think I added my debit card but did not fund it that way as takes 3 days.
Once it was open I went into the easy access account, clicked Add money.
Then I added my bank account vie open banking.
I then transferred my test payment of £10.
It asks how much and then takes you to your bank where you confirm the transfer.
As soon as you click yes it opens another page where I need to click open and it confirms the deposit in Chip.
I made payments and withdraws every day over the bank holiday weekend to see if it was instantly debited and credited.
It was.
I would give them 10 out of 10.
You should get around £7 84 a day in interest if I’ve worked it out right.

allegro120 said:

Joannerogers said:

I have a lump sum of £78,000, don't know what's the best interest easy access account to open?

The money will be required at different stages towards a new build. 

At the moment the best paying easy/instant access account comes from Chip, the second best from Tandem. 

My advice to the OP would be to share the money between Chip and Tandem. Just for safety.

Have both myself, But Tandem is fully loaded at 5% for 5 years.

dgpur

Bigwheels1111 said:

dgpur said:

Bigwheels1111 said:

In simple terms, Chip @ 3.82%.
Set up the account, via the app.
I think I added my debit card but did not fund it that way as takes 3 days.
Once it was open I went into the easy access account, clicked Add money.
Then I added my bank account vie open banking.
I then transferred my test payment of £10.
It asks how much and then takes you to your bank where you confirm the transfer.
As soon as you click yes it opens another page where I need to click open and it confirms the deposit in Chip.
I made payments and withdraws every day over the bank holiday weekend to see if it was instantly debited and credited.
It was.
I would give them 10 out of 10.
You should get around £7 84 a day in interest if I’ve worked it out right.

allegro120 said:

Joannerogers said:

I have a lump sum of £78,000, don't know what's the best interest easy access account to open?

The money will be required at different stages towards a new build. 

At the moment the best paying easy/instant access account comes from Chip, the second best from Tandem. 

My advice to the OP would be to share the money between Chip and Tandem. Just for safety.

Have both myself, But Tandem is fully loaded at 5% for 5 years.

But they are after easy access, and that’s a fixed term rate.

Bigwheels1111

dgpur said:

Bigwheels1111 said:

dgpur said:

Bigwheels1111 said:

In simple terms, Chip @ 3.82%.
Set up the account, via the app.
I think I added my debit card but did not fund it that way as takes 3 days.
Once it was open I went into the easy access account, clicked Add money.
Then I added my bank account vie open banking.
I then transferred my test payment of £10.
It asks how much and then takes you to your bank where you confirm the transfer.
As soon as you click yes it opens another page where I need to click open and it confirms the deposit in Chip.
I made payments and withdraws every day over the bank holiday weekend to see if it was instantly debited and credited.
It was.
I would give them 10 out of 10.
You should get around £7 84 a day in interest if I’ve worked it out right.

allegro120 said:

Joannerogers said:

I have a lump sum of £78,000, don't know what's the best interest easy access account to open?

The money will be required at different stages towards a new build. 

At the moment the best paying easy/instant access account comes from Chip, the second best from Tandem. 

My advice to the OP would be to share the money between Chip and Tandem. Just for safety.

Have both myself, But Tandem is fully loaded at 5% for 5 years.

But they are after easy access, and that’s a fixed term rate.

I have Tandem Fixed and easy access doesn't everyone.