The New Top Easy Access Savings Discussion Area

allegro120

https://forums.moneysavingexpert.com/discussion/comment/81964242#Comment_81964242

If you have sole and joint accounts you can have 2 Edge Savers per person. We have 1 sole CA each and 1 joint, which allows 4 Edge Savers.

mon3ysav3r

https://forums.moneysavingexpert.com/discussion/comment/81964395#Comment_81964395

Are there other banks you can have multiple current accounts with (to obtain multiple savings accounts)?

I already have 3 Lloyds current accounts (from 15 years+ ago when they had good 4% interest rate)

I already have 2 Edge Savers

In a similar vein by accident this morning I opened a second Nationwide 1 Year Single Access Saver (I forgot I already had one) and it let me open and fund. Might be useful for some to extend the 1 Year rate, not amazingly great at 4.00% AER.

allegro120

https://forums.moneysavingexpert.com/discussion/comment/81964361#Comment_81964361

Yes, it depends on what you do with your monthly interest. I always ignore gross and go by AER, it's a more convenient method for comparing products.

friolento

https://forums.moneysavingexpert.com/discussion/comment/81964392#Comment_81964392

These are not easy access accounts, so off topic for this thread.

For gilts, you need to look to Investment platforms like ii, HL, IG, AJ Bell etc

p1ston

https://forums.moneysavingexpert.com/discussion/comment/81964457#Comment_81964457

True. Except for full accounts that 6% is misleading. I was certain that I'm getting 6% on my full accounts until my son quoted me 5.84 . Then I investigated

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81964509#Comment_81964509

It's only confusing if you don't understand what AER is actually describing. It's not a definition of the rate applying to a particular product, it's a way of comparing disparate products by way of equivalence.

p1ston

I absolutely understand what aer is.

Tell me, if you compare this account with another account with no deposit limits which is still 6% aer. Would you say they are equal? remember you're comparing them off some list.

allegro120

https://forums.moneysavingexpert.com/discussion/comment/81964416#Comment_81964416

Considering you only need multiples for EAs with a limited allowance, I think Santander Edge is the only one allowing this option atm. I might be wrong.

I remember Lloyds 4% on £4k and similar products from BoS and Halifax, that was great whilst lasted. Today 4% is way too low even for ISA😀

ToastLady

Santander Edge Saver

I'm quite happy taking out the interest every month, into easy access account, which goes on to help fund reg savers. What's not to like? Can't have two, but not willing to get married again/cohabit for £4000 + interest per year. 😂

ThePirates

You can have 2 sole Edge Savers, just open 2 Edge Current Accounts!

A few of us have 2.