The New Top Easy Access Savings Discussion Area

SH88SH88

happybagger said:

Krbs
Their current offering only pays 3.51% (new platform)
That's probably the reason🙂

That's exactly the reason ! ... I think my old version of the EA is currently paying 4.37% (monthly interest) , so that's approx 4.46 'ish  AER ??

flaneurs_lobster

Bob2000 said:

I'm currently  looking at Tesco's easy access account. 4.2%, (INTERNET  SAVER) do they generally drop the interest rate quickly?
Never used them before.

No, they've been quite "laggy" (in a good way) in the past. They've been part of Barclays for a year so that may change.

Good account for access, transfers pretty instant in both directions, simple clear app.

where_are_we

Tesco Internet Saver - It is good to get online presence with this 4.2% account and apart from it being a variable interest rate and having a 12 month bonus which expires, it is simple to open and operate. When interest rates were going up and they offered a new IS with a higher rate it was easy to open a new one and then empty the old IS by internal transfer. With interest rates trending down, they may withdraw this 4.2% one and offer a lower rate IS and then until the 12 month bonus runs out, this one might become more competitive as "Cold Iron" alludes previously.

Bob2000

ColdIron said:

Bob2000 said:

I'm currently  looking at Tesco's easy access account. 4.2%, (INTERNET  SAVER) do they generally drop the interest rate quickly?
Never used them before.

They are not quick to drop rates. The bonus is fixed and makes up the majority of the total rate, what they usually do is to replace the existing offer with a lower bonus. The only way to drop rates on older offers is to cut the standard rate of interest, the last time they did that was 15/07/2025, a few MPCs ago, and even then it only reduced 0.10%. They are worth opening speculatively and can become attractive over time

Thank you for your input. I have now opened this account and was very easy to set up.
Now with the magnificent  sum of £1.50 in it.

Bob2000

flaneurs_lobster said:

Bob2000 said:

I'm currently  looking at Tesco's easy access account. 4.2%, (INTERNET  SAVER) do they generally drop the interest rate quickly?
Never used them before.

No, they've been quite "laggy" (in a good way) in the past. They've been part of Barclays for a year so that may change.

Good account for access, transfers pretty instant in both directions, simple clear app.

Account  now open. Thank you for the input.

Bob2000

where_are_we said:

Tesco Internet Saver - It is good to get online presence with this 4.2% account and apart from it being a variable interest rate and having a 12 month bonus which expires, it is simple to open and operate. When interest rates were going up and they offered a new IS with a higher rate it was easy to open a new one and then empty the old IS by internal transfer. With interest rates trending down, they may withdraw this 4.2% one and offer a lower rate IS and then until the 12 month bonus runs out, this one might become more competitive as "Cold Iron" alludes previously.

Already opened one this morning. Very easy to open, too.

ColdIron

Bob2000 said:

ColdIron said:

Bob2000 said:

I'm currently  looking at Tesco's easy access account. 4.2%, (INTERNET  SAVER) do they generally drop the interest rate quickly?
Never used them before.

They are not quick to drop rates. The bonus is fixed and makes up the majority of the total rate, what they usually do is to replace the existing offer with a lower bonus. The only way to drop rates on older offers is to cut the standard rate of interest, the last time they did that was 15/07/2025, a few MPCs ago, and even then it only reduced 0.10%. They are worth opening speculatively and can become attractive over time

Thank you for your input. I have now opened this account and was very easy to set up.
Now with the magnificent  sum of £1.50 in it.

Just one small point, you won't be able to withdraw for 3 or 4 days after opening while they fiddle with something in the background but I don't imagine that will overly trouble your £1.50

Bob2000

ColdIron said:

Bob2000 said:

ColdIron said:

Bob2000 said:

I'm currently  looking at Tesco's easy access account. 4.2%, (INTERNET  SAVER) do they generally drop the interest rate quickly?
Never used them before.

They are not quick to drop rates. The bonus is fixed and makes up the majority of the total rate, what they usually do is to replace the existing offer with a lower bonus. The only way to drop rates on older offers is to cut the standard rate of interest, the last time they did that was 15/07/2025, a few MPCs ago, and even then it only reduced 0.10%. They are worth opening speculatively and can become attractive over time

Thank you for your input. I have now opened this account and was very easy to set up.
Now with the magnificent  sum of £1.50 in it.

Just one small point, you won't be able to withdraw for 3 or 4 days after opening while they fiddle with something in the background but I don't imagine that will overly trouble your £1.50

Yes, they said somthing  along them lines while applying. Thank you again.

Born2Save_3

 West Brom BS Triple Access Saver (Issue 1) 

After applying for this account how many days have you waited before hearing anything and/or the account being opened ?

I applied early yesterday and to be fair to WBBS they stated at the start of the process that it may take 3 to 5 working days due to the number of applications.

chris_the_bee

Born2Save_3 said:

 West Brom BS Triple Access Saver (Issue 1) 

After applying for this account how many days have you waited before hearing anything and/or the account being opened ?

I applied early yesterday and to be fair to WBBS they stated at the start of the process that it may take 3 to 5 working days due to the number of applications.

West Brom BS Triple Access Saver (Issue 1)
One day for 1 account & three days for the Mrs. Both already members.