The New Top Easy Access Savings Discussion Area

gpman

https://forums.moneysavingexpert.com/discussion/comment/81891806#Comment_81891806

My Kent Reliance issue 3 is on the new platform. I opened it on the day it was launched.

I'm sure StayinAlive 's is too, with the comments they posted :)

gpman

UBL UK Easy Access Account / Digital Easy Access Account

Not currently quite in the TOTPs @ 4 .00%, and unlikely to enter now following their drop to 3.80% wef 20-Apr-2026

Source: emails received

Middle_of_the_Road

https://forums.moneysavingexpert.com/discussion/comment/81891968#Comment_81891968

Not sure how it's done, but it seems that many of the posters on here have managed to open multiple SDSs due to Cahoot not enforcing their T&C's.

There are also many reports of opening multiple restricted type accounts on the regular saver thread, mainly at smaller regional building societies.

It's certainly a grey area, and whilst these platforms have allowed the additional accounts to be opened, they would be within their rights to close the illegitimate ones, and return the funds inline with their terms.

thezigzag

https://forums.moneysavingexpert.com/discussion/comment/81891271#Comment_81891271

What are people's experiences of Cambridge BS?

janusd

https://forums.moneysavingexpert.com/discussion/comment/81891995#Comment_81891995

never had any issues (online or in the app) - i've got EA and RS accounts with them.

happybagger

Cambridge BS? they are very good at correctly renewing the Extra Reward Saver (monthly saver) annually. That's all I can say.

cricidmuslibale

https://forums.moneysavingexpert.com/discussion/comment/81891990#Comment_81891990

Before 2009 to early 2022's period of prolonged, very low interest rates which completely decimated the returns of many prudent, hard working savers, I would have agreed completely with what you are saying above @Middle_of_the_Road and on a superficial level I probably still do. However on a deeper level I feel very differently now to how I did pre 2009 and, as far as I'm concerned, I'm now very much on the saver's side when it comes to grey areas being taken advantage of; I really don’t think there’s any need to be too concerned about the ‘health’ of very big, very wealthy international banks like Santander! (who, as most of us already know, own Cahoot, although it runs separately on its own platform).

From late 2022 to the present time, savvy savers have been able to take advantage of considerably higher interest rates than during the previous 13 and a half years of appallingly low interest rates; however that's only 3 and a half years of what I regard as entirely reasonable, and certainly not overly high, interest rates that have been available for savers that have been actively managing their savings well. So one could very reasonably argue that there's still 10 years of considerable savings return shortfall to make up for! That's why I'm very worried that the Bank of England will continue to cut the base rate below 3%, i.e. more than three 0.25% cuts from its present level of 3.75%, because if savings interest rates generally start to settle well below 3%, it will become very difficult if not almost impossible for even basic rate taxpayers to get a real return on their savings after inflation is taken account of!

Even more so when savings interest is taxed at 22% (for basic rate taxpayers) from April 2027 onwards rather than at 20% as is the case right now!

(I'm assuming, I think perfectly reasonably, that if CPI inflation temporarily falls to just above 2.0% in the short term, it is not likely to fall much below that level in the medium term and if anything it is more likely to start slowly rising again in the medium to long term.)

pfpf

Tembo.

3% paid monthly on the 8th day. does the 1.55% bonus get added as one payment after 12 months?

x44

Well as that bonus is only paid if the account is still open after 12 months - then Yes, I'd imagine that's when it will be paid

Rheumatoid

@soulsaver

DF Capital Issue 7 look NLA