The New Top Easy Access Savings Discussion Area

allegro120

friolento said:

t1redmonkey said:

Bridlington1 said:

@soulsaver
Cahoot Sunny Day Saver Issue 2 5%, £3k mak

Pleasantly surprised that they chose to not reduce the existing issue and that it's still at 5.2%.

Very nice indeed - but IIRC, the rate only lasts for 12 months from account opening. I have diaried mine for expiry sometime in Jan 25

That's right. It's in key facts "After the term ends, we’ll transfer your money and interest into a cahoot Savings Account".  

Bridlington1

BestSeagull said:

Email from Monument. Rates increasing from today. Current rates Gross % AER % 4.67 4.77   Rates from 03 September 2024 Gross % AER % 4.71 4.81

@soulsaver
A seemingly rare case these days of an EA provider increasing their rate.

EthicsGradient

mebu60 said:

EthicsGradient said:

SaveTheEuro said:

This from Hampshire Trust Bank:

“We recently decreased the rate on our Easy Access Account for new customers to 4.65% AER gross variable. As an existing customer, we will keep your current rate of 4.90% AER gross variable until 3 October. After this date, the rate on your account will be reduced to 4.65% AER gross variable.”

I received the email on 14th Aug, saying the reduction will happen on 16th Sept. Depends on when you opened the account, perhaps?

I had the same email as @SaveTheEuro from HTB today, I've got Issue 15. 

I have Issue 24.

allegro120

Bridlington1 said:

BestSeagull said:

Email from Monument. Rates increasing from today. Current rates Gross % AER % 4.67 4.77   Rates from 03 September 2024 Gross % AER % 4.71 4.81

@soulsaver
A seemingly rare case these days of an EA provider increasing their rate.

Reminds me of H&R decreasing their RS rate when all other providers were increasing.  There are always some odd ones.

alrk

Does anywhere compare the time differing institutions take to transfer money back to you?

i am looking for a reasonable (not necessarily top) rate instant savings account that will give me money back pretty quickly (so excludes Oxbury and Plum)

surely someone has done the analysis of how long this takes?

Many thanks

jaypers

alrk said:

Does anywhere compare the time differing institutions take to transfer money back to you?

i am looking for a reasonable (not necessarily top) rate instant savings account that will give me money back pretty quickly (so excludes Oxbury and Plum)

surely someone has done the analysis of how long this takes?

Many thanks

Cahoot use Faster Payments which are pretty much instant both ways. Yes, this has been discussed and others that are fairly instant include Tandem, Chip, Marcus, Zopa, Atom, Investec and any big Bank………not all these I’ve mentioned necessarily have good rates. If you want easy and instant access Cahoot is about the best at present. 

flaneurs_lobster

alrk said:

Does anywhere compare the time differing institutions take to transfer money back to you?

i am looking for a reasonable (not necessarily top) rate instant savings account that will give me money back pretty quickly (so excludes Oxbury and Plum)

surely someone has done the analysis of how long this takes?

Many thanks

Not aware of any such analysis but as a general rule any easy access account from a "clearing" bank will offer pretty much instantaneous withdrawals (eg Santander's Edge Saver, Ulster's Loyalty, Cahoot Sunny Day).

sta0612

alrk said:

Does anywhere compare the time differing institutions take to transfer money back to you?

i am looking for a reasonable (not necessarily top) rate instant savings account that will give me money back pretty quickly (so excludes Oxbury and Plum)

surely someone has done the analysis of how long this takes?

Many thanks

Someone on the forum was producing a very useful table comparing ‘Instant’ access savings accounts. I’m not sure if it’s still being maintained.

It would have been in the previous thread but may be in this one and/or elsewhere on the forum.

I’ll do some digging when I’m able to later.

janusd

sta0612 said:

alrk said:

Does anywhere compare the time differing institutions take to transfer money back to you?

i am looking for a reasonable (not necessarily top) rate instant savings account that will give me money back pretty quickly (so excludes Oxbury and Plum)

surely someone has done the analysis of how long this takes?

Many thanks

Someone on the forum was producing a very useful table comparing ‘Instant’ access savings accounts. I’m not sure if it’s still being maintained.

It would have been in the previous thread but may be in this one and/or elsewhere on the forum.

I’ll do some digging when I’m able to later.

it's @ircE that compiles and posts that list and was last posted at the end of July, so now out of date, but probably will be updated soon.

https://forums.moneysavingexpert.com/discussion/comment/80907987#Comment_80907987

bear in mind, that their list assumes you only have £1 to deposit - if you have more to deposit, then there will likely be a lot more options available.

slinger2

alrk said:

Does anywhere compare the time differing institutions take to transfer money back to you?

i am looking for a reasonable (not necessarily top) rate instant savings account that will give me money back pretty quickly (so excludes Oxbury and Plum)

surely someone has done the analysis of how long this takes?

Many thanks

Perhaps I'm in a minority of one, but I actually like the idea of not getting my money until tomorrow (or after 90 days, etc). To me it's an extra security feature whereby a scammer cannot instantly steal my life savings. What's wrong with waiting for tomorrow? Are savings decisions made like "day trading"? I keep 1 or 2k so that it's instantly available but the rest is not available until tomorrow, next month, next year, two years off, etc.