The New Top Easy Access Savings Discussion Area

Bridlington1

@soulsaver

Revolut Instant Access Savings - Ultra 5% (£200k max).

Major caveat- Must have their Ultra Plan which comes with £45 monthly fee.

gt94sss2

Could someone remind me when Gatehouse credit deposits if made over a weekend? 

Is it the same day or the first working day..?

StayinAlive

Tesco Easy Access.

I note 4.3% includes fixed bonus 3.05% for 12 months.

Does anyone know what happens thereafter. Is there a way to renew the bonus? Do you have to close the account (if you don't want a paltry 1.25%) and open again?

allegro120

gt94sss2 said:

Could someone remind me when Gatehouse credit deposits if made over a weekend? 

Is it the same day or the first working day..?

Weekend deposits arrive on the same day as long as they are made before 1pm. I’ve tested both, Saturdays and Sundays. 

NanookOfTheNorth

@StayinAlive I believe the rate just drops and stays at the base rate.  It looks like the 4.30% Tesco rate drops on 19 March as the base rate drops by 0.10% so the Tesco rate would be 4.20% from 19 March.

But you can get better rates than Tesco 4.30% (4.20% from 19 March) such as Secure Trust Access Account 4.45%

https://www.securetrustbank.com/savings/access-accounts

And others such as Coventry at 4.66%

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

mebu60

StayinAlive said:

Tesco Easy Access.

I note 4.3% includes fixed bonus 3.05% for 12 months.

Does anyone know what happens thereafter. Is there a way to renew the bonus? Do you have to close the account (if you don't want a paltry 1.25%) and open again?

If you wanted to stay with Tesco you would need to open another account (which you can do at any time if you want to lock in a particular rate) then close and transfer your 4.3% funds to the new(er) account when the bonus expires. 

wiseonesomeofthetime

mebu60 said:

StayinAlive said:

Tesco Easy Access.

I note 4.3% includes fixed bonus 3.05% for 12 months.

Does anyone know what happens thereafter. Is there a way to renew the bonus? Do you have to close the account (if you don't want a paltry 1.25%) and open again?

If you wanted to stay with Tesco you would need to open another account (which you can do at any time if you want to lock in a particular rate) then close and transfer your 4.3% funds to the new(er) account when the bonus expires. 

I would not recommend transferring all the money across if you are likely to need any access in first few days as I'm pretty sure Tesco prevent it on new accounts.

soulsaver

NanookOfTheNorth said:

@StayinAlive I believe the rate just drops and stays at the base rate.  It looks like the 4.30% Tesco rate drops on 19 March as the base rate drops by 0.10% so the Tesco rate would be 4.20% from 19 March.

But you can get better rates than Tesco 4.30% (4.20% from 19 March) such as Secure Trust Access Account 4.45%

https://www.securetrustbank.com/savings/access-accounts

And others such as Coventry at 4.66%

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

Cov BS 4.66% drops to 4.5% 3rd March

janusd

Penrith BS Limited Access E-Saver (Issue 1) (NLA) dropping from 4.71% to 4.41% on 17th March.

1spiral

allegro120 said:

gt94sss2 said:

Could someone remind me when Gatehouse credit deposits if made over a weekend? 

Is it the same day or the first working day..?

Weekend deposits arrive on the same day as long as they are made before 1pm. I’ve tested both, Saturdays and Sundays. 

Interesting cos withdrawals seem to exclude weekends.