The New Top Easy Access Savings Discussion Area

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.

allegro120

EthicsGradient said:

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.

Not the income, only the capital.  
I personally prefer monthly option for EAs.  Don't need to close them when you want your interest to compound at a better rate offered elsewhere.

I won't be going to this offer, have plenty of EAs paying a better rate and a handful of 4.5% doing nothing at the moment.  

shirley999

I happened upon the Skipton Bonus Saver and opened it this morning, not realising it was a new offering.  The interest rate showed as 2.8% so I queried it.  I was advised this was because I had deposited by debit card and the rate would increase once the funds cleared in 3 days.  Also that the 4.5% rate would end on 18/6/2026 regardless.  This doesn’t necessarily contradict what has been said but worth checking the terms or asking the question if opening without an initial deposit.  I’ve since done a small deposit by bank transfer and the rate now shows correctly as 4.5%.

soulsaver

Skipton Bonus Saver 4.50% £1 min; £50k max Inc fixed 1st yr bonus 1.70% (19/06)

Thanks @Kim_13

Descrabled

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.

Skipton bonus saver that I opened on 13 June is maximum £5,000. Only one bonus saver allowed so I had to close my previous bonus saver first. So you can opt for a bonus saver at 5% max £5k or one at 4.5% max £50k.

intalex

Descrabled 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.

Skipton bonus saver that I opened on 13 June is maximum £5,000. Only one bonus saver allowed so I had to close my previous bonus saver first. So you can opt for a bonus saver at 5% max £5k or one at 4.5% max £50k.

But I had the 5% one and still managed to open the 4.5% which I then funded from my Base Rate Tracker?