The New Top Easy Access Savings Discussion Area

friolento · 30 June at 4:57PM

https://forums.moneysavingexpert.com/discussion/comment/82053259#Comment_82053259

Not easy access, so wrong thread.

There are a couple of easy access 5%ers kicking about (Revolut, Lemfi) for those who are eligible.

Scoobyd10 · 30 June at 5:06PM

https://forums.moneysavingexpert.com/discussion/comment/82053288#Comment_82053288

That'll be why I started the post "I know it's a 1 year fixed but…"

Usually you can't access fixed savings at all within the term. Consider this a blend of both for those it suits.

jungleboy123 · 30 June at 10:36PM

well that sucks… the oxbury deal was short lived… too many customers i guess :( Off to revolut then i guess, just a bit annoying that i need a current account for it which i'd rather not have tbh hence was waiting for a similar easy access (rainy day money) rather than fixing for a year!

jungleboy123 · 30 June at 10:38PM

"There are a couple of easy access 5%ers kicking about (Revolut, Lemfi) for those who are eligible."

why is lemfi not listed on MSE frontpage? I am always hesitant to open an account (with a non well known bank) plus when its not advertised on MSE!

-edit @friolento, quotations are broken for your post!

shirley999 · 1 July at 9:51PM

For anyone who has a Halifax reward bonus saver, note they increased the rate yesterday but you will need to 'renew' your account to get the new 3.0% rate.

They kept this quiet, funny as their FAQs read,

"Can Halifax change the interest rate?
Yes. 

As this account pays a variable rate of interest it can change over time. We’ll always let you know of any planned changes to the rate. Our terms and conditions explain when and how we do this. For example, we might change it if costs us more to run this account for you."

NB, the rate drops upon your 3rd withdrawal whereas it was previously your 4th. It's possible to hold multiple of these thus increasing the number of times you can access your funds.

FishInGlass · 1 July at 10:00PM

https://forums.moneysavingexpert.com/discussion/comment/82055242#Comment_82055242

Not surprising given today's announcement there is an equivalent Club Lloyds Advantage Saver for those with a Club Lloyds account.

SnowMan · 2 July at 8:40AM

Cahoot Simple Saver (issue 17) out today (2nd July) paying 4.32% AER on up to £500,000. Replaces Cahoot Simple Saver (issue 16) paying 4.17% AER.

Easy access account with no withdrawal restrictions. Minimum account balance £1. Account runs for 12 months after which it becomes a Cahoot Savings Account (currently paying 1% AER)

At least 2 months notice of interest rate changes. Historically they've given closer to 3 months notice although no guarantee of that of course going forward.

Can opt for interest to be paid annually (4.32% AER/4.32% gross) or monthly (4.32% AER/4.24% gross)

https://www.cahoot.com/products-and-services/cahoot-simple-saver#accordion-2c567be63a-item-53753362d0

Cahoot Simple Saver issue 16 (or other issues) can be upgraded to issue 17 to get the higher rate. Follow the link above, scroll down to 'Can I upgrade my existing account', and follow the instructions there