The New Top Easy Access Savings Discussion Area

clivep

https://forums.moneysavingexpert.com/discussion/comment/81892723#Comment_81892723

You are quite correct.

My original SDS issue 5 sole & joint a/cs were closed and then opened again last June/July in order to push the new 12 month maturity date into the 26-27 tax year.

It was indeed the SDS issue 3 ones that were upgraded last August.

Bridlington1

@soulsaver

Chip Instant Access now 4.2% (includes 0.8% bonus for new customers)

hoppy2

Does anyone know if I try to upgrade my 4.4% simple saver (don't know issue number but its nearly a year old) will it go down to the 4.05% one so really a downgrade?

happybagger

https://forums.moneysavingexpert.com/discussion/comment/81892997#Comment_81892997

Yes, because the current issue offered is 4.05%

You won't be able to upgrade to a no-longer-available account!

Sherbertfizz

Apologies if this has been covered elsewhere. I see from Moneyfactscompare today that Mansfield Building Society is offering a Triple Access Bonus Saver at 4.25% (includes 1% 12m bonus). It's a bit of a faff to open as can only be done in branch or by post. Three penalty-free withdrawals per year allowed (including closure).

Can't see it listed in the @soulsaver top ten - is this because of the restrictive terms? Or has it only just appeared?

Triple Access Bonus Saver (1st issue) - Mansfield

Thanks all

Update: Have spoken with Mansfield - there is an downloadable application form on the website which needs to be posted. I'm told that if you're on the electoral role, ID not required. Here's the link if anyone up for old school transactions!

Useful Downloads for Savers - Mansfield Building Society

gpman

https://forums.moneysavingexpert.com/discussion/comment/81893661#Comment_81893661

Yes, soulsaver only lists accounts "available to open & manage online" in the ToTP.

It might gain a mention in the trail if you are lucky

happybagger

Cahoot upgrades

If you "upgrade" a cahoot account before it's anniversary, does the interest get paid when it's upgraded, or stays with the original anniversary date?

I have a simple saver where I want to bring the interest into the current tax year rather than next, this way would be better than calling them to close it, if it works that way.

clivep

https://forums.moneysavingexpert.com/discussion/comment/81894638#Comment_81894638

Yes, it gets paid when upgraded.

The 12 month anniversary for annual interest and any 12 month interest bonus period get reset to using the date of upgrade.

OttTanak

"Several accounts we list include fixed bonuses in their rates. It’s effectively a year-long minimum rate guarantee ". (MSE's introduction).

Please note Nottingham Building Society's Bonus Access Saver's 2.44% 'bonus' is variable. It doesn't offer the advantages described by MSE of a fixed rate bonus.

It feels like bit of a marketing swizz by Nottingham BS. Both elements of the overall interest rate are variable. So in my book it's no different than a straight 4.14% AER variable interest rate.

It's a decent rate so no doubt it's earned its place as a top account BUT for clarity I think MSE should correct '2.44% bonus' to '2.44% variable bonus'.

gpman

https://forums.moneysavingexpert.com/discussion/comment/81895595#Comment_81895595

Welcome to the forum. It's always nice when a new member decides to participate in this lively forum.

However, it's not clear to me why you elected to highlight Nottingham BS in particular, as many of the offerings currently on that page with a bonus have a variable bonus (e.g. Chip, AA, etc)

Maybe you were just highlighting one example, I don't know.

Personally, I think you have unfortunately misinterpreted what the article means.

Several: determiner, pronoun;

• some; an amount that is not exact but is fewer than many

Source: https://dictionary.cambridge.org/dictionary/english/several

I see many of the offerings include a temporary bonus, but only some/several of the offerings have fixed bonuses.

However, if you disagree with my interpretation then:

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