Savings Banks for the Medium Term

Qyburn

Hi,
I wasn't sure how to word the subject of this post. What I'm looking for is any thoughts about which savings banks, currently offering decent rates, are the sort of outfits likely to remain near the top over the medium term of say two or three years.

Primarily interested in easy access, to fill the void left by Santander. Mrs Q has limited patience for rate chasing. So ideally after we each jump through a few hoops opening accounts with a new provider then it would be nice not to have to do it all over again in a few months.

In the absence of a crystal ball,wild guesses are welcome.

ColdIron

Are there any BoE Base Rate Trackers left? The Skipton Issue 5 (BoE – 0.19%) is NLA but I thought there was another one knocking about. Maybe Defined Access accounts?

d63

perhaps a market tracker from the family BS would suit? takes an average of the top 20 accounts as reported by moneyfacts,
https://www.familybuildingsociety.co.uk/savings/market-tracker-accounts

InvesterJones

It's impossible to predict the future - going for a fixed rate is the only guarantee, otherwise if you need easy access but don't want to change accounts you could look at the previous top accounts: https://forums.moneysavingexpert.com/discussion/comment/79538594/ and see if there is a bank which pops up regularly (may still have to do some legwork if they use issuance to stay near the top).

eskbanker

ColdIron said:

Are there any BoE Base Rate Trackers left? The Skipton Issue 5 (BoE – 0.19%) is NLA but I thought there was another one knocking about. Maybe Defined Access accounts?

Chip are doing a flexible tracker ISA at 5.1% (currently!):

https://www.getchip.uk/savings-accounts/cash-isa

Qyburn

Thanks. The Market Tracker looks interesting, for ISA as well in fact.

Qyburn

It's interesting and a bit discouraging looking at that "Top of the Pots" thread, the number of top rate providers that even a few months later either discontinued pretty much all their accounts or hopelessly uncompetitive.

Cynergy seems to be still up there, as is Shawbrook where we have out main family cash savings.

wmb194

Atom is often there or thereabouts but chasing the rates is where the game is.