The New Top Easy Access Savings Discussion Area

ToastLady

exel1966 said:

ircE said:

* Kent Reliance is tied with Revolut @ 3.51%, I go by the order on the Moneyfacts website.

True EA entries are easy access savings accounts which can be opened, and pay the headline interest rate, with a minimum balance of no more than £10. These accounts allow unlimited withdrawals. The table includes accounts with time-limited bonus rates and accounts restricted to new customers - but excludes fee-charging accounts, accounts limited to smaller balances, and accounts only available via savings marketplaces. Instant True EA entries are those True EA accounts which advertise immediate deposit and withdrawals 24/7. Highlighted entries show changes since last time: blue for new entries, green for rate increases, and red for rate falls.

I have excluded Zopa @ 4.75%, the faff associated with it goes against the spirit of True easy access imo. 

Next base rate decision day is next Thursday 6th. 

Faff with ZOPA, what Faff ? Using their app and small funding requirement is simple. I think by excluding ZOPA you are eliminating the best instant True EA a/c available today to everyone, whereas Chase is only available to a select few.

I agree that Zopa isn't a faff, but it does call for £500 per month to be deposited in current account monthly, which does exceed the minimum balance of £10 to be included in @ircE tables. 
@ircE I do appreciate what you are doing. Not sure if you can include for new customers only for some accounts in your table.

happybagger

StayinAlive said:

Can someone with a Kent Reliance Iss 83 EA confirm the rate still 4.41% AER for £1000+.

Confirmed.

allegro120

ToastLady said:

exel1966 said:

ircE said:

* Kent Reliance is tied with Revolut @ 3.51%, I go by the order on the Moneyfacts website.

True EA entries are easy access savings accounts which can be opened, and pay the headline interest rate, with a minimum balance of no more than £10. These accounts allow unlimited withdrawals. The table includes accounts with time-limited bonus rates and accounts restricted to new customers - but excludes fee-charging accounts, accounts limited to smaller balances, and accounts only available via savings marketplaces. Instant True EA entries are those True EA accounts which advertise immediate deposit and withdrawals 24/7. Highlighted entries show changes since last time: blue for new entries, green for rate increases, and red for rate falls.

I have excluded Zopa @ 4.75%, the faff associated with it goes against the spirit of True easy access imo. 

Next base rate decision day is next Thursday 6th. 

Faff with ZOPA, what Faff ? Using their app and small funding requirement is simple. I think by excluding ZOPA you are eliminating the best instant True EA a/c available today to everyone, whereas Chase is only available to a select few.

I agree that Zopa isn't a faff, but it does call for £500 per month to be deposited in current account monthly, which does exceed the minimum balance of £10 to be included in @ircE tables. 
@ircE I do appreciate what you are doing. Not sure if you can include for new customers only for some accounts in your table.

But £500 is not the minimum balance, it's the minimum deposit that can be withdrawn straight away.

allegro120

friolento said:

ircE said:

 

I have excluded Zopa @ 4.75%, the faff associated with it goes against the spirit of True easy access imo. 

As a user pf both, Zopa and Cahoot, I feel there is substantially more faff about Cahoot. Just alone the need for a login OTP for Cahoot is a PITA (unless you faff it further with a version of the Santander app). A once monthly deposit into the Zopa current account is only a very tiny faff IMO.

I also don't consider the Chase 4.5% account tops because it is not available to everyone. Similar for Chip.

I wouldn't describe 2 simple transactions once a month as "faff" .  Even "a very tiny faff" is too strong for Zopa, would be more suitable for Cahoot

I was paying in £300, now will be paying in £500, £300 will go to RS and £200 back to Cahoot (only 1 extra transaction for me).  I won't be using Zopa EA whilst I have better rate elsewhere, but will keep it as a backup as well as Ulster - this proved to be a good practice.

friolento

ToastLady said:

exel1966 said:

ircE said:

* Kent Reliance is tied with Revolut @ 3.51%, I go by the order on the Moneyfacts website.

True EA entries are easy access savings accounts which can be opened, and pay the headline interest rate, with a minimum balance of no more than £10. These accounts allow unlimited withdrawals. The table includes accounts with time-limited bonus rates and accounts restricted to new customers - but excludes fee-charging accounts, accounts limited to smaller balances, and accounts only available via savings marketplaces. Instant True EA entries are those True EA accounts which advertise immediate deposit and withdrawals 24/7. Highlighted entries show changes since last time: blue for new entries, green for rate increases, and red for rate falls.

I have excluded Zopa @ 4.75%, the faff associated with it goes against the spirit of True easy access imo. 

Next base rate decision day is next Thursday 6th. 

Faff with ZOPA, what Faff ? Using their app and small funding requirement is simple. I think by excluding ZOPA you are eliminating the best instant True EA a/c available today to everyone, whereas Chase is only available to a select few.

I agree that Zopa isn't a faff, but it does call for £500 per month to be deposited in current account monthly, which does exceed the minimum balance of £10 to be included in @ircE tables. 
@ircE I do appreciate what you are doing. Not sure if you can include for new customers only for some accounts in your table.

There is no minimum balance in any Zopa account.

The £500 doesn't need to stay in the Zopa current account for more than a second.

Ch1ll1Phlakes

Zopa offer is now NLA (and removed from MSE best savings page)

PS: Sorry if I'm late to the party.

friolento

WOW, that didn’t last long. Well done those who filled their boots

Silverbullet036

Crikey that was lucky , I opened the Zopa account yesterday but hadnt had money in my linked account to fund it until about 20 minutes ago. Got the transfer done and its all showing nicely in the 4.75 and Reg saver pots

AndyTh_2

well, at least that solves the argument of not putting it in the instant true easy access account list

Bobblehat

AndyTh_2 said:

well, at least that solves the argument of not putting it in the instant true easy access account list

Until they offer a custard cream boost