The New Top Easy Access Savings Discussion Area

dosh37

Bobblehat said:

Charter EA rate reductions by email today .... from 28/07/2025 AER/Gross

Issue 57 4.53%/4.44% down to 4.18%/4.10%
Issue 58 4.59%/4.50% down to 4.24%/4.16%

Bad timing on the part of Charter Saving now that inflation has risen to 3.6%.

I plan to move my cash from Charter Savings to Secure Trust Bank (4.45%) after 28th July.

pazza2000

Is Chase dropping there new member 5% interest rate anytime soon?

I’m an existing customer and was going to close my account and reopen for their enhanced rate, if that even works (it was hinted elsewhere that it does), however if they are likely to soon drop their rates anytime soon then it is not even worth it. 

I have a relatively large some of savings and I’m not sure where to place, I only need limited access and new to investing.

janusd

pazza2000 said:

Is Chase dropping there new member 5% interest rate anytime soon?

I’m an existing customer and was going to close my account and reopen for their enhanced rate, if that even works (it was hinted elsewhere that it does), however if they are likely to soon drop their rates anytime soon then it is not even worth it. 

I have a relatively large some of savings and I’m not sure where to place, I only need limited access and new to investing.

I always thought Chase were like Starling, in that when you leave, you can't return - from previous posts here and elsewhere, I thought they require you to wait 12 months before you can rejoin?

perhaps put as large an amount as possible that you won't need in Atom @ 4.75% and the rest in Cahoot @ 4.55% (where you can access as often as you like)... personally, i'd just throw the whole lot in Cahoot and not worry about the withdrawal limitations of Atom.

gt94sss2

pazza2000 said:

I’m an existing customer and was going to close my account and reopen for their enhanced rate, if that even works (it was hinted elsewhere that it does)

If you close all your Chase accounts, they won't let you rejoin

If you only need infrequent access, the Atom 4.75% may suit.

pazza2000

Ok, glad I checked here first. Will leave Chase very much as is and stick what I can in Atom at 4.75%, or should I look to a low-med risk investment, new to is but I don’t need instant access and with interest rates falling maybe now is the time to consider?

Off topic, I don’t have any other income right now having recently returned to the UK, until my income situation changes, I don’t need to self assess or declare interest unless it is over £10k pa?

Should maybe de my savings total pretty much the max amount I can deposit with Atom for the 4.75% rate.

chris_the_bee

dosh37 said:

Bobblehat said:

Charter EA rate reductions by email today .... from 28/07/2025 AER/Gross

Issue 57 4.53%/4.44% down to 4.18%/4.10%
Issue 58 4.59%/4.50% down to 4.24%/4.16%

Bad timing on the part of Charter Saving now that inflation has risen to 3.6%.

I plan to move my cash from Charter Savings to Secure Trust Bank (4.45%) after 28th July.

Cahoot Simple Saver is 4.55% variable, instant access and 2 months notice for a rate drop.

friolento

pazza2000 said:

Ok, glad I checked here first. Will leave Chase very much as is and stick what I can in Atom at 4.75%, or should I look to a low-med risk investment, new to is but I don’t need instant access and with interest rates falling maybe now is the time to consider?

Off topic, I don’t have any other income right now having recently returned to the UK, until my income situation changes, I don’t need to self assess or declare interest unless it is over £10k pa?

Should maybe de my savings total pretty much the max amount I can deposit with Atom for the 4.75% rate.

Your savings interest outside ISAs is taxable income, regardless of whether you need to submit a self assessment. Savings providers report interest earned to HMRC after the end of each tax year. You can be pro-active and report your interest yourself in your personal tax account, or wait for HMRC to catch up with you. Rules for savings interest taxation are on the HMRC website pages.

StayinAlive

Marcus Online Savings Account

Does anyone know the minimum balance to keep the account open?

Can't find it in T&C's.

Aidanmc

StayinAlive said:

Marcus Online Savings Account

Does anyone know the minimum balance to keep the account open?

Can't find it in T&C's.

You can leave the balance at zero.

Mine been like this for ages

pazza2000

friolento said:

pazza2000 said:

Ok, glad I checked here first. Will leave Chase very much as is and stick what I can in Atom at 4.75%, or should I look to a low-med risk investment, new to is but I don’t need instant access and with interest rates falling maybe now is the time to consider?

Off topic, I don’t have any other income right now having recently returned to the UK, until my income situation changes, I don’t need to self assess or declare interest unless it is over £10k pa?

Should maybe de my savings total pretty much the max amount I can deposit with Atom for the 4.75% rate.

Your savings interest outside ISAs is taxable income, regardless of whether you need to submit a self assessment. Savings providers report interest earned to HMRC after the end of each tax year. You can be pro-active and report your interest yourself in your personal tax account, or wait for HMRC to catch up with you. Rules for savings interest taxation are on the HMRC website pages.

Ah so savings and investment providers report to HMRC, so if interest is £10k I would need to self assess (report), and when I have other earnings I’ll certainly need to self assess regardless?