The New Top Easy Access Savings Discussion Area

GOTfan

https://forums.moneysavingexpert.com/discussion/comment/82098255#Comment_82098255

https://forums.moneysavingexpert.com/discussion/comment/82100424#Comment_82100424

Exactly this.

GOTfan

I do this too, although also, if you do close the account, some providers will then produce the interest statement within a few days so you can update your records and forget about it.(Some providers are better than others though!)

allegro120

https://forums.moneysavingexpert.com/discussion/comment/82100357#Comment_82100357

Same here. I have too many of these. It makes sense when the rates are rapidly falling, some speculative openings of EA accounts did become useful at some point, but most of them didn’t. For example Zopa 4.5% is coming to an end now and I’ve never used it. I stopped opening new EAs a while ago. I would open one paying more than 5%, but there are no offers like this at the moment.

lr1277

https://forums.moneysavingexpert.com/discussion/comment/82100499#Comment_82100499

My mum's experience with Coventry isn't quite what you outlined. She 2 accounts with Coventry till January this year when she closed both accounts within weeks of each other. Until that point she had received yearly interest statements.

After the accounts were closed he login to the Coventry website stopped working.. If memory serves this was confirmed with a Coventry member of staff.

Anyway we waited for the yearly statement of interest for the 25/26 tax year and by the end of May it had not arrived. I didn't want to wait any longer so called up Coventry who sent my mum the two statements of interest in the post.

janusd

Leeds BS Online Access Saver (Issue 22) - 4.20%; £1,000 min; Interest at maturity (04/10/27).

link currently showing Issue 21 at the same rate - assume will change later on Thursday morning.

BreakingGlass

https://forums.moneysavingexpert.com/discussion/comment/82100207#Comment_82100207

Cynergy Online Easy Access Issue 100

I haven't had a response to my message to Cynergy, but overnight the 'Account Details' dropdown has updated and now correctly states 'Next interest payment date 12 Aug 27'.

andyhicks88

Is there a reason to avoid the Spring savings app? I notice dthey have a limited time offer of 5% on up to £5k and I've not seen it mentioned anywhere on here (but granted I've only read back the last 5 or 6 pages)

Spring Savings

PParka

https://forums.moneysavingexpert.com/discussion/comment/82101437#Comment_82101437

I've used them for over a year. Never had any problems. I think they are part of Paragon Bank.

Deposits and withdrawals are instant via a nominated account.

I've just opened their new "Accelerate Saver" this morning which pays 5%.

ToastLady

https://forums.moneysavingexpert.com/discussion/comment/82101437#Comment_82101437

Thank you for the heads up on this one, hadn't seen it. Just opened it as already have app and account with them. No problem with me for Spring App, instant deposits and withdrawals, what's not to like?

janusd

https://forums.moneysavingexpert.com/discussion/comment/82101437#Comment_82101437

Re: Spring Accelerate Saver - although the max balance is £5k - interest earned is added to the account, and worth noting that unlike Cahoot & Santander, that interest is calculated on the entire balance (confirmed via chat with their agents) - so there is no need to withdraw the excess interest monthly. 👍️