The New Top Easy Access Savings Discussion Area

ab56

Marcus EA

Anyone else having problems making withdrawal from Marcus EA account this evening?

pecunianonolet

masonic said:

If left dormant, providers now need to close these unused accounts eventually as they are perceived as a money laundering risk should they be compromised. So I too fail to see the value in going to a lot of effort to close them manually. If an account is easy to close, I'll do so, otherwise...

I just want to reduce the list of accounts I track in my spreadsheet and even if they have been sitting at a zero balance for well over a year it is time to get rid of them. I just closed not long ago 8 Coventry accounts, that was easy to do online. Closed around 20 dormant accounts so far and Cahoot was just next on the list. There are various other reasons for closure too e.g. moving tax residency out of the UK later this year. 

tg99

Hi, with the Spring and Hodge easy access savings accounts are there any limits anyone knows of regarding transfers out to linked account, either per payment or cumulatively per day? Couldn’t see anything in T and C. I understand both offer instant transfers in and out but for Spring it says if done after 4pm or on a non business day then the money may not arrive in linked account until the next business day…..does anyone know if this is actually what happens in practice or do transfers post 4pm and on weekends still typically arrive straight away? Thks 

janusd

tg99 said:

Hi, with the Spring and Hodge easy access savings accounts are there any limits anyone knows of regarding transfers out to linked account, either per payment or cumulatively per day? Couldn’t see anything in T and C. I understand both offer instant transfers in and out but for Spring it says if done after 4pm or on a non business day then the money may not arrive in linked account until the next business day…..does anyone know if this is actually what happens in practice or do transfers post 4pm and on weekends still typically arrive straight away? Thks 

with both, you can make unlimited withdrawals - there is no max limit with Spring, so you can withdraw the entire balance if you want to; with Hodge, you would have to leave £1 in the account to prevent closure.
i'm not aware of a max limit with Hodge - though t&c state if over 250k then it's done via CHAPS next day.
withdrawals from Spring for me have been instant (less than a minute) - though i've only done it during daytime on a weekday; never made a withdrawal from my Hodge Easy Saver, but I know the t&c says that you’ll usually receive your money on the day the instruction is made.

soulsaver

Reminder: 
Principality Online Bonus Triple Access Iss 6 4.50% inc 1 yr bonus ->4.25% wef 19/06   Relegated

SnowMan

It has just been announced that Bank Base Rate has been maintained at 4.25% 
https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2025/june-2025
At its meeting ending on 18 June 2025, the MPC voted by a majority of 6–3 to maintain Bank Rate at 4.25%. Three members preferred to reduce Bank Rate by 0.25 percentage points, to 4%.
Next decision Thursday 7th August 2025

Kim_13

Skipton have launched a Bonus Saver Issue 12, paying 4.5% with bonus for 12 months (2.8% without bonus.) Min £1, Max £50,000.

intalex

Kim_13 said:

Skipton have launched a Bonus Saver Issue 12, paying 4.5% with bonus for 12 months (2.8% without bonus.) Min £1, Max £50,000.

No monthly interest option :-(

Bridlington1

Kim_13 said:

Skipton have launched a Bonus Saver Issue 12, paying 4.5% with bonus for 12 months (2.8% without bonus.) Min £1, Max £50,000.

It's also worth noting that Skipton begin the term from the date of first deposit as opposed to date of application so for those opening the account speculatively it could be worth delaying your initial till nearer the end of the 30 day funding window.

EthicsGradient

intalex said:

Kim_13 said:

Skipton have launched a Bonus Saver Issue 12, paying 4.5% with bonus for 12 months (2.8% without bonus.) Min £1, Max £50,000.

No monthly interest option :-(

But no limits on withdrawals, so you can get your income from it when you want.