The New Top Easy Access Savings Discussion Area

GalacticaActual

Although not a high interest savings account, those with a linked Virgin Money M Plus Saver Account should receive notification about a drop in interest rate from 16th June 2025, like I did this afternoon. I will be moving money from that savings account in due course.

allegro120

RedImp_2 said:

ForumUser7 said:

GalacticaActual said:

I received my annual statement for my Santander Easy Access Saver Limited Edition (Issue 3) [no longer available] today and, on page 5, there was the following information:

We’re extending the term of your Easy Access Saver by an extra 12 months, with a new interest rate of 3.00% AER / 2.96% gross (variable) from 1 August 2025. You can still withdraw or add money in at any time.

We’re pleased to let you know that we’re extending the term of your Easy Access Saver Limited Edition (Issue 3) so you can continue enjoying a great rate. It was due to mature onto an Everyday Saver with an interest rate of 1.00% AER/gross (variable).

We’re giving you a further 12 months in your Easy Access Saver, with an interest rate of 3.00% AER / 2.96% gross (variable) from 1 August 2025. This is currently our best instant access savings rate for balances up to £250,000.

Remember that your account has a variable interest rate, which means it can go up and down.

The interest rate is currently 4.00% AER / 3.93% gross (variable).

Also posted in this thread.

Seems they are trying to do a stepped decrease. Unfortunate there is no new higher rate issue yet!

Yeah I got the same mail, it says in it that this is their highest paying EA account .  

Normally it would be going into a 1% account it says and adds we should be grateful they’re not putting it there (ok I made the last bit up)

It used to be my main EA account (Sept 2023 - Feb 2024).   It paid the top EA rate (5.2%).  I stopped using it when they dropped the rate to 4.2%.   

schiff

Just discovered by chance that some interest was added to my Tesco EA accounts on 31/3. The 1.50% part I discover by reading the T&Cs again. Could have caught me out had I already submitted my 2024/25 return.

jak22

AFAIK the bonus element has, in the past, been added separately to the normal interest date, but for accounts opened recently the T&Cs now maybe suggest it will be added on the same date.

The account does seem true instant, but Post Office savings which also has a 1 year bonus simply adds interest at the higher rate and with a monthly option.

When interest rates drop it can be that having a large bonus element gives a useful rate towards the end of the term.

ColdIron

jak22 said:

AFAIK the bonus element has, in the past, been added separately to the normal interest date, but for accounts opened recently the T&Cs now maybe suggest it will be added on the same date.

Where in the T&Cs did you see the suggestion? From the current T&Cs

• When will you pay me interest?
• Interest earned throughout each year will be paid on the last day of March.
• If Bonus Interest applies to your account, we will apply this at the end of your Bonus term.

Bridlington1

@soulsaver

Chip Instant Easy Access Saver  slips from 4.76% to 4.6%

flaneurs_lobster

Rate decreases from The Hanley Economic BS from 1st May.

https://www.thehanley.co.uk/savings-rates

fun4everyone

I'm finding Charter Savings to be a bad experience, withdrawals showing as processed at their end but nothing received on my end, nobody answering the phone.  Definitely not continuing with them going forward.  Sadly I have quite a lot on deposit with them

fun4everyone

I'm also curious as to why they added three zeros to the start of my linked accounts account number.  I did enter the correct details and have verified it and deposited from it plus tested a withdrawal to it so it definitely works.  But why does their system add three zeros to the front of it?  It's a bit off putting, thats not my account number.

Bob2000

fun4everyone said:

I'm also curious as to why they added three zeros to the start of my linked accounts account number.  I did enter the correct details and have verified it and deposited from it plus tested a withdrawal to it so it definitely works.  But why does their system add three zeros to the front of it?  It's a bit off putting, thats not my account number.

Was going to just enquire  about the same thing when l noticed your post.

I've got the three zeros on my nominated  account to with Gatehouse still to verify it, though.