The New Top Easy Access Savings Discussion Area

Middle_of_the_Road

janusdesign said:

Middle_of_the_Road said:

Rhumatoid said:

Just opened a Gatehouse account.  Sent £5 test payment and downloaded app. Can see no way to withdraw using app. Is it possible? 

Also see no way to withdraw using browser! 

Not going to open this account yet. I don't want to chance them paying the proceeds from my regular saver onto this, instead of the 5% easy access account some people have recently been given.

I already had their EA account, but when the RS matured, the balance was transferred to the 5% EA account by Gatehouse.

Thanks, all the same, the terms of that account seem odd, they might even change them, or claim an error.

allegro120

Middle_of_the_Road said:

Rheumatoid said:

Just opened a Gatehouse account.  Sent £5 test payment and downloaded app. Can see no way to withdraw using app. Is it possible? 

Also see no way to withdraw using browser! 

Not going to open this account yet. I don't want to chance them paying the proceeds from my regular saver onto this, instead of the 5% easy access account some people have recently been given.

It won't make any difference. I have Gatehouse Easy Access running since June 2023 and my RS matured into 5% EARS resulting in two EA accounts paying two different rates.

Bridlington1

@soulsaver
NuWealth GB Bank Easy Access Account 4.4% (£500 min).

A 12 month 0.46% boost is available for balances of up to £20k, taking the overall rate to 4.86%.

brucefan_2

Middle_of_the_Road said:

Rheumatoid said:

Just opened a Gatehouse account.  Sent £5 test payment and downloaded app. Can see no way to withdraw using app. Is it possible? 

Also see no way to withdraw using browser! 

Not going to open this account yet. I don't want to chance them paying the proceeds from my regular saver onto this, instead of the 5% easy access account some people have recently been given.

I had an existing EA with Gatehouse when my RS closed. They didn't use it but opened up the new account (which still has no T&Cs) at the higher level.

jaypers

Bridlington1 said:

@soulsaver
NuWealth GB Bank Easy Access Account 4.4% (£500 min).

A 12 month 0.46% boost is available for balances of up to £20k, taking the overall rate to 4.86%.

Any idea whether inward and outward payments are immediate or next day etc? Also, do they use COP? TIA.

WoodwardM

ULSTER LOYALTY SAVER should be listed by Martin in top Easy Access Savings (for some weeks now). 
Even though it reduced its rate to 4.75% in mid October for >=£5000, it is still BETTER than Chetwood, Close & Principality that are listed as top buys.  

Pluses: (1) Good interest rate. (2) Instantaneous transfer/access to UNLIMITED withdrawals.  (3) Money in & out shows instantaneously / within a minute.  (4) Good "buffer savings account" as you can access your base £5000 in emergencies (but you'll lose the higher rate until you replenish)
Minuses: (1) Only worth considering for £5000+, as rate for less is only 2%.  (2) both of these rates will reduce by 0.25% on 20/01/25, but other top earners may do the same within this timeframe too.

Come on Martin-team - give it a mention: I only discovered it as you has as a best-buy some months/years ago!

WoodwardM

PS: Interest rate is both Gross & AER. Check it out at https:// www.ulsterbank.co.uk/savings/easy-access-account.html (I'm not allowed to post links!)

BlackthornU

WoodwardM said:

PS: Interest rate is both Gross & AER. Check it out at https:// www.ulsterbank.co.uk/savings/easy-access-account.html (I'm not allowed to post links!)

I suspect the Ulster Loyalty Saver isn't listed due to having to open a Ulster current account to open the savings account.  You used to be able to just open the savings account on its own.

BlackthornU

jaypers said:

Bridlington1 said:

@soulsaver
NuWealth GB Bank Easy Access Account 4.4% (£500 min).

A 12 month 0.46% boost is available for balances of up to £20k, taking the overall rate to 4.86%.

Any idea whether inward and outward payments are immediate or next day etc? Also, do they use COP? TIA.

You have to withdraw via NuWealth - next day. Don't know if you lose a days interest.
The small print on the boost - (will want to time any closure to get the boost)
GB Bank Easy Access Accounts may be eligible to receive a rewarded boost and earn a reward equivalent to 0.46% (variable). The rewarded boost is applied on the first £20,000 held within a GB Bank Easy Access account, any balance above this amount will earn interest at the standard GB Bank Easy Access rate. The rewarded boost is paid monthly and applies for 12 months from the date the account is created. After this period, your interest will revert to the standard GB Bank Easy Access rate. Rewarded boost is not included in your annual savings allowance and may need to be declared in your tax return. In the event you choose to close your GB Bank Easy Access account or permanently leave NuWealth during the rewarded boost eligibility period, any unsettled rewarded boost payments will be lost.

soulsaver

WoodwardM said:

ULSTER LOYALTY SAVER should be listed by Martin in top Easy Access Savings (for some weeks now). 
Even though it reduced its rate to 4.75% in mid October for >=£5000, it is still BETTER than Chetwood, Close & Principality that are listed as top buys.  

Pluses: (1) Good interest rate. (2) Instantaneous transfer/access to UNLIMITED withdrawals.  (3) Money in & out shows instantaneously / within a minute.  (4) Good "buffer savings account" as you can access your base £5000 in emergencies (but you'll lose the higher rate until you replenish)
Minuses: (1) Only worth considering for £5000+, as rate for less is only 2%.  (2) both of these rates will reduce by 0.25% on 20/01/25, but other top earners may do the same within this timeframe too.

Come on Martin-team - give it a mention: I only discovered it as you has as a best-buy some months/years ago!

Ulster reduces to 4.50% from 20/01/2025 - see ToTP : Click on link in my signature box: Ulster was listed as top EA for months..