The New Top Easy Access Savings Discussion Area

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?

KevinG

pazza2000 said:

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?

Yes. In my experience the interest isn't all reported by the banks, only some of it.

allegro120

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.

Also Cahoot is still offering Sunny Day https://www.cahoot.com/products-and-services/cahoot-sunny-day-saver paying 5%.  Only for £3k, but every little helps.  You can have two of them, one sole and one joint.

pazza2000

allegro120 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.

Also Cahoot is still offering Sunny Day https://www.cahoot.com/products-and-services/cahoot-sunny-day-saver paying 5%.  Only for £3k, but every little helps.  You can have two of them, one sole and one joint.

Yes might as well keep £3k there. Is there a time of day I should move monies across so as I don’t lose a days interest?

allegro120

pazza2000 said:

allegro120 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.

Also Cahoot is still offering Sunny Day https://www.cahoot.com/products-and-services/cahoot-sunny-day-saver paying 5%.  Only for £3k, but every little helps.  You can have two of them, one sole and one joint.

Yes might as well keep £3k there. Is there a time of day I should move monies across so as I don’t lose a days interest?

Any time.  It's a normal 24/7 account, you won't loose any interest.

Bridlington1

pazza2000 said:

allegro120 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.

Also Cahoot is still offering Sunny Day https://www.cahoot.com/products-and-services/cahoot-sunny-day-saver paying 5%.  Only for £3k, but every little helps.  You can have two of them, one sole and one joint.

Yes might as well keep £3k there. Is there a time of day I should move monies across so as I don’t lose a days interest?

Off the top of my head the cut off is somewhere between 8-9pm.