EA - single product offering vs multiple issues institutions

t33

Not sure if I've worded that correctly, but I'm wondering if there is a handy list of institutions that offer a) EA single product which updates with the latest offering vs b) those that offer EA multiple issues including a current and various legacy rates (often NLA)?

I know that Charter Savings for instance is of the b) issues and rates vary (the cynical part of me thinks they are simply hoping people on lower rates than currently available won't notice), some legacy better than current offering, but even within the legacy accounts usually two rates, who knows why.  Is it a general rule that the app based are more likely to be of the a) group?

I understand it is their prerogative to offer a certain structure that suits their business model or whatever, but I do find the constant close, then open the more current EA offering tiresome and pointless and time-consuming.  Yes it often doesn't take long, but I've got other things I'd rather be doing.  I'm waiting for the next BofE announcement and consequences to happen but would like to reconfigure my savings thereafter without having to 'be on top of things' constantly (even if I don't have the top top rates available) so trying to cut a few corners if a list is available and I don't have to check each one individually.

Thanks and apologies if this has been covered ad nauseam.

GeoffTF

What is an EA? What is an NLA?

ForumUser7

GeoffTF said:

What is an EA? What is an NLA?

EA - Easy Access Savings Account
NLA - No Longer Available - withdrawn by provider etc.

refluxer

Banks that offer an easy access account with no issue numbers (where rate increases are applied automatically) include Atom, Chip, Ford Money, Tandem, Marcus, Chase and Zopa. No doubt other forumites will be able to fill in any that I've missed.

Barkin

Investec don't have issue numbers. No app. 

Barkin

Shawbrook do use different issues, but sometimes they change the rate on older issues automatically. And sometimes they don't... 

Qyburn

Shawbrook have issue numbers but have been applying rate rises automatically the last few times.

adindas

GeoffTF said:

What is an EA? What is an NLA?

EA presumably Easy Access, NLA No longer available ??

adindas

For the OP if my understanding is correct EA presumably Easy Access, NLA No longer available, than this is a well maintained sites

https://moneyfacts.co.uk/savings-accounts/

https://www.simplysavingsaccounts.co.uk/

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

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

Some regular saver are also easy access

https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

AmityNeon

(Not comprehensive.)

Single Account

• Atom
• Chase
• Chip
• Ford Money
• Gatehouse
• Investec
• Marcus
• Monument
• NS&I
• OakNorth
• RCI Bank
• Saga
• Tandem
• Zopa

Issue Accounts

(Some providers can apply rate changes to current and/or withdrawn issues, and may or may not release a new issue.)

• Al Rayan
• Aldermore
• Charter Savings
• Close Brothers
• Cynergy
• Hampshire Trust
• Kent Reliance
• Oxbury
• Paragon Bank
• Post Office Money
• Sainsbury's Bank (Defined Access Saver)
• Secure Trust Bank
• Shawbrook

Building Societies generally offer issue accounts. For the high street banks, their standard easy access accounts are terrible, and anything noteworthy is either limited issue (Santander eSaver) or has low balance limits and/or other caveats (e.g. Barclays Rainy Day Saver, HSBC Online Bonus Saver).

boingy

And not making the savings league table because it is a current account there is Kroo, paying 3.65% on the account rising to 3.8% from 1st July, better than many EA savings accounts. I use them and Chip and both are very quick to update their rates to reflect the BoE changes. 

If you want prompt interest rate rises without having to bounce money around then the app-based banks are where it is at right now.