The New Top Easy Access Savings Discussion Area

allegro120

20122013 said:

Easy(ish) Access, Top 10 (ish) of The Pots. 

Source :  https://forums.moneysavingexpert.com/discussion/comment/79538594/#Comment_79538594

1 Chase Boostd Rate Svr 5.00% inc.fixed 2.25% 1yr bonus for new customers only AO (09/06) 

2 Atom Bank Rewards Instant Saver - ->4.75% if no w/ds in mth, otherwise 2.50% (09/05) AO

3 Cahoot Simple Saver Iss10 £1min 4.55% (23/05)

4 Principality BS Online Bonus Triple Access (Issue 7) 4.55% (04/07)

5 Family Building Society Online Saver (11)  4.52% Min £100 (02/07)

6 Coventry BS 4 Access Saver (2) 4.50% (24/04)

7 Skipton Bonus Saver 4.50% £1 min; £50k max inc. 1.7% fixed 1st yr bonus (19/06)

Questions: 

May I double check the top 7 accounts (above), none of them have a funding window and withdraw can be made at anytime - I will pay a penalty and accept the lower interest rate if need be.

If I need the accounts in 2 months time, is it too earlier to open them now to secure the current rate and pay the minimum balance in ? will I need to worry about credit checks? 

Yes, all info looks correct.  Snoop 4.6% is missing and Cahoot is also offering Sunny Day 5% on £3k. https://www.cahoot.com/products-and-services/cahoot-sunny-day-saver

I'd open them all now and use whichever is best at the time you need it.  Some of them are likely to go NLA, so it is best to get them while they are still there.  For example my Family BS (iss9) pays 4.6%, but it's not available for new applications.
  

DRS1

20122013 said:

Easy(ish) Access, Top 10 (ish) of The Pots. 

Source :  https://forums.moneysavingexpert.com/discussion/comment/79538594/#Comment_79538594

1 Chase Boostd Rate Svr 5.00% inc.fixed 2.25% 1yr bonus for new customers only AO (09/06) 

2 Atom Bank Rewards Instant Saver - ->4.75% if no w/ds in mth, otherwise 2.50% (09/05) AO

3 Cahoot Simple Saver Iss10 £1min 4.55% (23/05)

4 Principality BS Online Bonus Triple Access (Issue 7) 4.55% (04/07)

5 Family Building Society Online Saver (11)  4.52% Min £100 (02/07)

6 Coventry BS 4 Access Saver (2) 4.50% (24/04)

7 Skipton Bonus Saver 4.50% £1 min; £50k max inc. 1.7% fixed 1st yr bonus (19/06)

Questions: 

May I double check the top 7 accounts (above), none of them have a funding window and withdraw can be made at anytime - I will pay a penalty and accept the lower interest rate if need be.

If I need the accounts in 2 months time, is it too earlier to open them now to secure the current rate and pay the minimum balance in ? will I need to worry about credit checks? 

These are easy access variable rate accounts so you would not expect a funding window but when I opened the Principality account on Friday I noticed that it says if they don't receive funds within 5 days they can close the account.  Doesn't mean they will but they could.

Also as they are variable rate accounts don't assume that any of them will be paying these rates in 2 months time.

masonic

It's not that unusual for an easy access account to have a minimum opening/operating balance. It can be as low as £1.

fryedslyce

Also worth noting, the only account that gives you a minimum 2 months notice of any interest rate reduction is Cahoot, the others are only 14 days or only 5 working days for Chase.

superleeds27

fryedslyce said:

Also worth noting, the only account that gives you a minimum 2 months notice of any interest rate reduction is Cahoot, the others are only 14 days or only 5 working days for Chase.

Suppose that makes them more favourable, in a sense.

20122013

Are there any risks of applying to all the 7+  accounts above? So I can have more to choices in two months time? As I have already opened a few since April?

Bridlington1

20122013 said:

Are there any risks of applying to all the 7+  accounts above? So I can have more to choices in two months time? As I have already opened a few since April?

The only issue that I can see is that the Chase bonus rate is for new customers only, if you're not an existing customer yet I'd be cautious of burning through the new customer rate too soon if you're not going to be using it for a couple of months.

Additionally with Snoop it's worth noting they do have a refer-a-friend offer so it may be worth waiting till you know someone who can refer you before opening this account. Remember though referrals are prohibited on this forum so you'd need to look elsewhere for a referral.

janusd

20122013 said:

Easy(ish) Access, Top 10 (ish) of The Pots. 

Source :  https://forums.moneysavingexpert.com/discussion/comment/79538594/#Comment_79538594

1 Chase Boostd Rate Svr 5.00% inc.fixed 2.25% 1yr bonus for new customers only AO (09/06) 

2 Atom Bank Rewards Instant Saver - ->4.75% if no w/ds in mth, otherwise 2.50% (09/05) AO

3 Cahoot Simple Saver Iss10 £1min 4.55% (23/05)

4 Principality BS Online Bonus Triple Access (Issue 7) 4.55% (04/07)

5 Family Building Society Online Saver (11)  4.52% Min £100 (02/07)

6 Coventry BS 4 Access Saver (2) 4.50% (24/04)

7 Skipton Bonus Saver 4.50% £1 min; £50k max inc. 1.7% fixed 1st yr bonus (19/06)

Questions: 

May I double check the top 7 accounts (above), none of them have a funding window and withdraw can be made at anytime - I will pay a penalty and accept the lower interest rate if need be.

If I need the accounts in 2 months time, is it too earlier to open them now to secure the current rate and pay the minimum balance in ? will I need to worry about credit checks? 

the top 2 (Chase & Atom) won't require any deposits to open - you can leave them at £0 if you need to... the others will likely require £1 to keep them open.
also, be aware that at least 3 of the above (Atom, Principality & Coventry) have withdrawal restrictions of one type or another, so might not suit your needs.

winkowinko said:

Snoop 4.6% missing from the list above.

I seem to recall soulsaver classing Snoop as an aggregator and therefore doesn't meet their top 10 criteria additionally, it was posted with a "Do Your Own Research" warning - similarly with Cahoot 5%, that doesn't rate the top 10 as it only has a small maximum balance.

allegro120

20122013 said:

Are there any risks of applying to all the 7+  accounts above? So I can have more to choices in two months time? As I have already opened a few since April?

There are no risks, you can have as many accounts as you want.

allegro120

Bridlington1 said:

20122013 said:

Are there any risks of applying to all the 7+  accounts above? So I can have more to choices in two months time? As I have already opened a few since April?

The only issue that I can see is that the Chase bonus rate is for new customers only, if you're not an existing customer yet I'd be cautious of burning through the new customer rate too soon if you're not going to be using it for a couple of months.

Additionally with Snoop it's worth noting they do have a refer-a-friend offer so it may be worth waiting till you know someone who can refer you before opening this account. Remember though referrals are prohibited on this forum so you'd need to look elsewhere for a referral.

Delaying Chase can result in missing on this offer, they don't usually stay available for very long.  It's always a bit of a gamble with delaying the account opening.