The New Top Easy Access Savings Discussion Area

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

Two debuts this time around. AA's offering is "powered by" NatWest and is covered by the same FSCS licence. They have a slightly higher rate (4.30%) for AA members. LHV is an Estonian bank and its entry here is for a current account tracking BR until the end of 2026.

4justice2

One thing to watch out for in the AA Easy Access account is this little snippet hidden away in the "Managing Your Account" section...

"If you choose to close your account, you won’t earn any interest for the month of closure."

pfpf

Newly_retired said:

I am struggling with Cahoot. I have a Sunny Day saver but so far I have been unsuccessful in opening a Simple Saver. An agent I spoke to yesterday has promised to sort it out, so I am hoping it will be open by Monday.
It seems I had two identities with them. I have now got them to close all the accounts with one identity, and that has happened, but my latest application has still gone to my now closed identity. The agent admitted it was their fault, so maybe I’ll get some compensation for my wasted time and efforts?
i have various accounts with Santander and don’t have any problems with them.

did this get sorted without having to provide ID? its a known issue but i can't think iv'e seen it resolved without  sending in paper forms and ID.

drewvue

Don't know if anyone else if having any problems with Spring Savings. Withdrawals are not available on a instant saver account because of a technical issue with the app. Their communications on this have been nothing more than shocking.  

Newly_retired

pfpf said:

Newly_retired said:

I am struggling with Cahoot. I have a Sunny Day saver but so far I have been unsuccessful in opening a Simple Saver. An agent I spoke to yesterday has promised to sort it out, so I am hoping it will be open by Monday.
It seems I had two identities with them. I have now got them to close all the accounts with one identity, and that has happened, but my latest application has still gone to my now closed identity. The agent admitted it was their fault, so maybe I’ll get some compensation for my wasted time and efforts?
i have various accounts with Santander and don’t have any problems with them.

did this get sorted without having to provide ID? its a known issue but i can't think iv'e seen it resolved without  sending in paper forms and ID.

Yes, it did, without providing ID.  No compensation offered though.

Scoobyd10

Any users of Monument here and happy to vouch for them? Got some money sat with Atom at 3.75% and thinking of shifting it across to Monument at 4.51% if feedback is positive. Thanks! 

caveman38

DRS1 said:

happybagger said:

dosh37 said:

Born2Save_3 said:

savethepandas said:

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

Four Access in July 
Applied 14:59 20th July (Sunday), open 16:39 21st July

Triple Access in November
Applied 15:00 Tuesday, open 11:33 today

But you got one !

When an account is good, I go for it no matter what the time, if I can; that's why I applied at 3:30am, when I got the feeling it might not be there for long.  And it was opened yesterday after the NLA announcement came out, adding extra excitement.

Question now is how will the rate stand over the next few months ? Currently, I still have a Cahoot Simple Saver paying 4.55%A. With Ulster and West Brom as backups. But how is the rate shake down going to pan out.

The West Brom Triple Access Saver Iss 1 (4.55%) expires after 1 year.

I already had an existing Four Access Saver Iss 2 (4.4%). That has no expiry date.

Hence I decided to leave some cash in the Four Access Saver rather than transfer the entire balance and close the account.

That way I have the option to move the cash back after 1 year (or earlier if the Triple Access rate drops below the Four Access rate).

Four Access Saver Issue 2 has a maturity date of 31 May 2026

Yes and issue 4 (4.28%) expires on the same day as the Triple Access Saver (31/01/27).  What we really need is a Four Access Saver issue 5.

Perhaps a silly question, but. If these accounts are not fixed rate bonds,  how do they have maturity dates?

refluxer

caveman38 said:

Perhaps a silly question, but. If these accounts are not fixed rate bonds,  how do they have maturity dates?

It's not uncommon for certain types of easy access savings accounts (eg. some Limited/Special Edition accounts or restricted access accounts) to have expiry dates - you'll often only be able to hold the account for a year before it reverts to a standard EA account, usually on a much lower rate.

Nationwide's Triple Access Saver, for example, is one that lasts for a year before it reverts to a standard EA account.

DRS1

and I had a Skipton Base Rate Tracker which matured on Saturday (so you couldn't actually do anything with it until today!).

Other accounts have a bonus rate which only lasts for a year - so they don't mature as such they just start paying a lower rate of interest.  Somehow I feel the ones that mature are more above board than those accounts.

Mrs_Trellis_of_North_Wales

Scoobyd10 said:

Any users of Monument here and happy to vouch for them? Got some money sat with Atom at 3.75% and thinking of shifting it across to Monument at 4.51% if feedback is positive. Thanks! 

I've had four different Monument accounts over the last 2+ years, and never had any problems at all. The app is simple and quick. I don't have any funds with them at the moment because the rates for existing customers are not competitive now, but if you want that 4.51% as a new customer then I wouldn't hesitate for a second.