The New Top Easy Access Savings Discussion Area

Sherbertfizz

Just received an email from Close Brothers: We are writing to let you know that the managed interest rate* on your Easy Access Account (Issue 2) will be decreasing from 4.70% AER/Gross PA** to 4.45% AER/Gross PA** on 15 May 2025.

Current interest rate 4.70% AER/Gross PA** New interest rate 4.45% AER/Gross PA**

If your balance falls below £10,000, interest will be set at 1.00% AER/Gross PA** (variable) until the balance meets or exceeds £10,000.

slinger2

Haven't seen it mentioned but Cahoot Simple Saver (issue 9) is available currently paying 4.41%AER (variable) for 12 months. 60 days (or so) notice of a rate reduction.

GalacticaActual

Nationwide Building Society will be making adjustments to savings rates in response to the Bank of England Bank Rate decrease of 0.25% on 5 February.

"From 1 June it will lower rates by between 0.10%-0.25% on specific savings products. The majority of products will reduce by less than the change in Bank Rate."

List of savings accounts affected:
Nationwide adjusts savings rates following February Bank Rate reduction.

mebu60

schiff said:

The interest due on the West Brom Online 4 Access Saver (Annual) up to 30/4/25 has been credited. Still 4.40%.

Issue 1 'matures' on 31:12:25. 

roose0

Charter Iss58 NLA

ToastLady

roose0 said:

Charter Iss58 NLA

Almost emptied that account yesterday, but so glad I left £1, account may come in useful later.

nottsphil

allegro120 said:

nottsphil said:

allegro120 said:

exel1966 said:

RedImp_2 said:

Opening my Chase app this morning I was offered a 1.8% boosted savings account meaning 4.8% for 6 months.
Does seem a bit daft have to add a new account as now I have three savings accounts with them.

I still have a Saver a/c though it's had a zero balance for a few months now.

I have been offered the boost, there is a 'get my boost' box on the Save and Invest page.

Realistically this is likely to become 4.55% on 15th May if the BoE base rate reduces.

According to predictions it most certainly will. Still 10 days of a better rate is a plus.  I pulled all funds from my  unlimited access EAs and put it in Chase for now.  After the 8th May BoE meeting I'll put it back to where it was before (£12k in 4.75% Cahoots and the rest spread across 4.6% GB, Family and DF). I'm sure they will reduce their rates too, but probably not immediately.  I don't know about Family and GB, but DF and especially Cahoot give generous notices. 

Is it really worth it for 4p (gross) per Cahoot account?

It depends on your attitude towards saving.

Editing out the sentence that followed what you quoted makes it look like I'm accusing you of pettiness whereas I used to have fun myself gaining the pennies for free by taking advantage of Santander's 8.20 cut off time... until they suspended my internet access. Maybe they suspected business use as in this case
https://forums.moneysavingexpert.com/discussion/6445107/outrageous-santander-closing-account-without-notice-or-explanation/p6

ircE

True EA accounts are easy access savings accounts which can be opened (and the headline interest rate earned) from £1 and allow for unlimited deposits and withdrawals. This excludes accounts that are limited to smaller balances, accounts with fees, and accounts only available via savings platforms. Instant True EA accounts are those True EA accounts which advertise immediate deposit and withdrawal times 24/7. Highlighted entries show changes since last time: blue for new entries to the respective table, and red for rate reductions.

cahoot and Hampshire Trust Bank return to the scorecard with their latest offerings. Newcastle BS makes a somewhat unusual debut with an account that matures in 6 months - just in time for Christmas.

A note on Chip/Chase: their battle continues more than what is shown on the scorecard, which only goes by what I see on moneyfacts for my selected filters. Chip is offering a 4.76% account with limited access to new customers, and Chase is offering selected existing customers a boosted rate of 4.80%. DYOR etc.

For those who care neither for Chip nor Chase, Chetwood provides the leading account for True EA accounts, and cahoot takes the lead for those who would like instant access.

The MPC announces its next decision next Thursday, 8th May.

GOTfan

Hi, I haven't commented on the Forum for a long time but I wanted to drop in to give some feedback about "Sidekick", as still being advertised in the Top Savings Accounts list. I tried opening an account with them - went through the ID checks, etc - and then at the last step discovered that they only have a limited range of banks that they allow as the "linked" current account. My current account is with Smile (= Co-Op Bank / Coventry Building Society), hardly "exotic" but they don't support it. Bah. So just a warning for anyone else thinking of opening an account with Sidekick - you'll need one of these current accounts: Bank of Scotland, Barclays, Chelsea BS, Danske Bank, first direct, Halifax, HSBC, Lloyds, Monzo, Nationwide, NatWest, Royal Bank of Scotland, Santander, Starling, Tesco Bank, TSB, Ulster Bank, Virgin Money, Wise, YBS.

GOTfan

janusdesign said:

Sidekick High Yield Cash Reserve 5 is 4.76% (5k+) including a 0.72% bonus for 12 months - it looks like they're using OakNorth for this account and will come under OakNorth's FSCS protection... it's app only too.

not one for me, but may be of interest to others.

There are also restrictions on the current account that you can use to fund/withdraw from