The New Top Easy Access Savings Discussion Area

allegro120

Bobblehat said:

pecunianonolet said:

Stargunner said:

happybagger said:

Stargunner said:

soulsaver said:

Family BS online svr 9 4.60% £100min (05/03)

That was good timing for them to launch this, as it will replace my Gatehouse EA account later this month, due to Gatehouse dropping their interest rates.

Yes that's what I thought, I have the Cov BS $AS at 4.85% but that hasn't been hit following the BoE rate cut, so this FBS one with full access will be useful as it's been introduced after the base rate cut

I cant determine what Cov BS account you are referring to. 

If you have the 5 access saver online, that dropped to 4.5% AER from 4th March.

It's a Coventry BS 4.85% 4 access account that was on sale for around a week before it went NLA. Should it drop 0.25% after the next BOE meeting it will still be competitive and ahead of most others.

Some on here might speculate that it could drop soon even if the next BOE meeting results in no change to the BR!

I wouldn't speculate, just wait and see what happens.
I haven't used new Coventry 4 access yet.  I have an old DF EA still paying 4.85%, so no point using Coventry's allowances for now.  I have 5 Coventry limited acces accounts running at £1 balances, never used any of them because I always had unlimited EAs at better or matching rates. 

Bobblehat

allegro120 said:

Bobblehat said:

pecunianonolet said:

Stargunner said:

happybagger said:

Stargunner said:

soulsaver said:

Family BS online svr 9 4.60% £100min (05/03)

That was good timing for them to launch this, as it will replace my Gatehouse EA account later this month, due to Gatehouse dropping their interest rates.

Yes that's what I thought, I have the Cov BS $AS at 4.85% but that hasn't been hit following the BoE rate cut, so this FBS one with full access will be useful as it's been introduced after the base rate cut

I cant determine what Cov BS account you are referring to. 

If you have the 5 access saver online, that dropped to 4.5% AER from 4th March.

It's a Coventry BS 4.85% 4 access account that was on sale for around a week before it went NLA. Should it drop 0.25% after the next BOE meeting it will still be competitive and ahead of most others.

Some on here might speculate that it could drop soon even if the next BOE meeting results in no change to the BR!

I wouldn't speculate, just wait and see what happens.
I haven't used new Coventry 4 access yet.  I have an old DF EA still paying 4.85%, so no point using Coventry's allowances for now.  I have 5 Coventry limited acces accounts running at £1 balances, never used any of them because I always had unlimited EAs at better or matching rates. 

So no point me planning ahead then?

Edit:  ..... and I don't have unlimited EA's at rates close to Cov 5 Acc, but do have a couple of options to consider should the Cov 4Acc rate fall.

happybagger

Bobblehat said:

So no point me planning ahead then?

Edit:  ..... and I don't have unlimited EA's at rates close to Cov 5 Acc, but do have a couple of options to consider should the Cov 4Acc rate fall.

Probably worth £100 in the Family BS Online Saver (9) then, as that rate is 4.6% and above the Cov 5 Access. Unlimited access but daily limit of £25k, in case that's important.

allegro120

happybagger said:

Bobblehat said:

So no point me planning ahead then?

Edit:  ..... and I don't have unlimited EA's at rates close to Cov 5 Acc, but do have a couple of options to consider should the Cov 4Acc rate fall.

Probably worth £100 in the Family BS Online Saver (9) then, as that rate is 4.6% and above the Cov 5 Access. Unlimited access but daily limit of £25k, in case that's important.

I opened it today.  The rate is too low for me at the moment, but it's good to have another alternative. It's worth depositing £100 to keep the position. I didn't see any mention of minimum balance in t&c, so I assume £100 can be withdrawn leaving the account running at zero balance.

allegro120

Bobblehat said:

allegro120 said:

Bobblehat said:

pecunianonolet said:

Stargunner said:

happybagger said:

Stargunner said:

soulsaver said:

Family BS online svr 9 4.60% £100min (05/03)

That was good timing for them to launch this, as it will replace my Gatehouse EA account later this month, due to Gatehouse dropping their interest rates.

Yes that's what I thought, I have the Cov BS $AS at 4.85% but that hasn't been hit following the BoE rate cut, so this FBS one with full access will be useful as it's been introduced after the base rate cut

I cant determine what Cov BS account you are referring to. 

If you have the 5 access saver online, that dropped to 4.5% AER from 4th March.

It's a Coventry BS 4.85% 4 access account that was on sale for around a week before it went NLA. Should it drop 0.25% after the next BOE meeting it will still be competitive and ahead of most others.

Some on here might speculate that it could drop soon even if the next BOE meeting results in no change to the BR!

I wouldn't speculate, just wait and see what happens.
I haven't used new Coventry 4 access yet.  I have an old DF EA still paying 4.85%, so no point using Coventry's allowances for now.  I have 5 Coventry limited acces accounts running at £1 balances, never used any of them because I always had unlimited EAs at better or matching rates. 

So no point me planning ahead then?

Edit:  ..... and I don't have unlimited EA's at rates close to Cov 5 Acc, but do have a couple of options to consider should the Cov 4Acc rate fall.

Planning ahead (i.e. as many backups as possible) pays off, at least in my experience.  

friolento

allegro120 said:

happybagger said:

Bobblehat said:

So no point me planning ahead then?

Edit:  ..... and I don't have unlimited EA's at rates close to Cov 5 Acc, but do have a couple of options to consider should the Cov 4Acc rate fall.

Probably worth £100 in the Family BS Online Saver (9) then, as that rate is 4.6% and above the Cov 5 Access. Unlimited access but daily limit of £25k, in case that's important.

I opened it today.  The rate is too low for me at the moment, but it's good to have another alternative. It's worth depositing £100 to keep the position. I didn't see any mention of minimum balance in t&c, so I assume £100 can be withdrawn leaving the account running at zero balance.

Thwre is a £100 minimum balance. The only way to get the last £100 out is account closure ( which you can request by secure message)

SnowMan

Kent Reliance easy access account - issue 76 paying 4.56% AER withdrawn yesterday (5th March).

Replaced by Kent Reliance easy access savings account - issue 77 paying 4.55% AER (minimum opening balance £1,000)

https://www.kentreliance.co.uk/products/savings/easy-access-savings-account

Bobblehat

allegro120 said:

Bobblehat said:

allegro120 said:

Bobblehat said:

pecunianonolet said:

Stargunner said:

happybagger said:

Stargunner said:

soulsaver said:

Family BS online svr 9 4.60% £100min (05/03)

That was good timing for them to launch this, as it will replace my Gatehouse EA account later this month, due to Gatehouse dropping their interest rates.

Yes that's what I thought, I have the Cov BS $AS at 4.85% but that hasn't been hit following the BoE rate cut, so this FBS one with full access will be useful as it's been introduced after the base rate cut

I cant determine what Cov BS account you are referring to. 

If you have the 5 access saver online, that dropped to 4.5% AER from 4th March.

It's a Coventry BS 4.85% 4 access account that was on sale for around a week before it went NLA. Should it drop 0.25% after the next BOE meeting it will still be competitive and ahead of most others.

Some on here might speculate that it could drop soon even if the next BOE meeting results in no change to the BR!

I wouldn't speculate, just wait and see what happens.
I haven't used new Coventry 4 access yet.  I have an old DF EA still paying 4.85%, so no point using Coventry's allowances for now.  I have 5 Coventry limited acces accounts running at £1 balances, never used any of them because I always had unlimited EAs at better or matching rates. 

So no point me planning ahead then?

Edit:  ..... and I don't have unlimited EA's at rates close to Cov 5 Acc, but do have a couple of options to consider should the Cov 4Acc rate fall.

Planning ahead (i.e. as many backups as possible) pays off, at least in my experience.  

Yes! I'd rather have a plan in place, just in case, rather than just wait and see!

pecunianonolet

friolento said:

allegro120 said:

happybagger said:

Bobblehat said:

So no point me planning ahead then?

Edit:  ..... and I don't have unlimited EA's at rates close to Cov 5 Acc, but do have a couple of options to consider should the Cov 4Acc rate fall.

Probably worth £100 in the Family BS Online Saver (9) then, as that rate is 4.6% and above the Cov 5 Access. Unlimited access but daily limit of £25k, in case that's important.

I opened it today.  The rate is too low for me at the moment, but it's good to have another alternative. It's worth depositing £100 to keep the position. I didn't see any mention of minimum balance in t&c, so I assume £100 can be withdrawn leaving the account running at zero balance.

Thwre is a £100 minimum balance. The only way to get the last £100 out is account closure ( which you can request by secure message)

Can confirm, the system will prevent you from taking £100 out. I had issue 8 and opened issue 9 yesterday as the rate is slightly higher. No option to transfer and close so had to send a secure message to get it actioned. There systems don't seem to be too advanced but I only use it for debit card payments and that does work well :-:smile:

infoadict

@ pecunianonolet - Re the Family Online Saver account, I note you say "I have the account and my nominated bank is HSBC but I make 3 x £500 deposits to satisfy the Halifax"

Are the debit card details stored by Family Building Soc, or do you have to manually input the details for each of the 3 cards each month?