The New Top Easy Access Savings Discussion Area

SnowMan

Cahoot Simple Saver (issue 4) 4.85% AER is no longer available

Replaced by Cahoot Simple Saver (issue 5) 4.57% AER

1spiral

SnowMan said:

Vanquis Bank easy access account (issue 3) is paying 4.85% AER

https://www.vanquissavings.co.uk/Easy-Access-Account/

Minimum balance £1,000

Security questions took some work. Unusual to have so few questions to choose from when you need 3 and then to keep failing because you haven't met some unknown criteria that was supposedly "above" was total guesswork. I now have 3 answers, none of which will be able to be recalled from memory.

GalacticaActual

Just received an email from Nationwide Building Society. They are reducing interest rates on some savings accounts from 1st November 2024.

In the email, they listed the accounts they I currently hold, all of which will have a 0.15% reduction from 1st November 2024.

"From 1 November 2024, the variable interest rates on some of our savings accounts will go down. This follows the decision by the Bank of England to reduce the base rate from 5.25% to 5.00%."

I can't find a PDF on their website to see what else is changing.

ForumUser7

GalacticaActual said:

Just received an email from Nationwide Building Society. They are reducing interest rates on some savings accounts from 1st November 2024.

In the email, they listed the accounts they I currently hold, all of which will have a 0.15% reduction from 1st November 2024.

"From 1 November 2024, the variable interest rates on some of our savings accounts will go down. This follows the decision by the Bank of England to reduce the base rate from 5.25% to 5.00%."

I can't find a PDF on their website to see what else is changing.

New rates can be found here: https://www.nationwidemediacentre.co.uk/news/nationwide-adjusts-savings-rates-following-bank-rate-decrease

Key variable savings changes (effective from 1 November 2024):  

• Flex Regular Saver 2 (8.00%) and Flex Regular Saver 3 (6.50%) will see no changes to their rates 

• Flex Instant Saver will see no change to its rate of 3.25% 

• FlexOne Saver will see no change to its rate of 5.00% 

• 1 Year Triple Access Online Saver 15 will reduce by 0.15%, offering a new headline rate of 4.10% 
• Loyalty Saver will receive a reduction of 0.15%, with a new rate of 3.60% 

Product Type	Account	Previous Headline Rate	New Headline Rate	Change
Regular Savings	Start to Save 2	5.50%	5.50%	0.00%
	Help to Buy	3.50%	3.35%	0.15%
	Flex Regular Saver 2	8.00%	8.00%	0.00%
	Flex Regular Saver 3	6.50%	6.50%	0.00%
	Continue to Save	2.50%	2.30%	0.20%
Children’s	FlexOne Saver / FlexOne Regular Saver	5.00%	5.00%	0.00%
	Child Trust Fund / Smart Junior ISA	4.00%	3.80%	0.20%
	CTF Maturity ISA / Junior ISA Maturity	4.00%	3.80%	0.20%
	Smart Limited Access	3.50%	3.30%	0.20%
	Future Saver1	3.50% - 4.00%	3.30% - 3.80%	0.20%
	Smart Saver	2.50%	2.30%	0.20%
	Smart	2.50%	2.30%	0.20%
Limited Access	1 Year Triple Access Online Saver 15	4.25%	4.10%	0.15%
	1 Year Triple Access Online ISA 14	4.25%	4.10%	0.15%
	LTY Single Access ISA	3.75%	3.65%	0.10%
	Single Access Saver / Single Access ISA	3.00%	2.80%	0.20%
	Limited Access Saver / Limited Access Online Saver	2.50%	2.30%	0.20%
	e-Savings Plus	2.50%	2.30%	0.20%
	Triple Access Saver / Triple Access ISA	2.50%	2.35%	0.15%
Instant Access	Flex Instant Saver	3.25%	3.25%	0.00%
	Loyalty Saver / Loyalty ISA	3.75%	3.60%	0.15%
	Flexclusive ISA / Flexclusive Saver2	2.30% - 2.40%	2.10% - 2.20%	0.20%
	Instant Access Saver 10	2.40%	2.20%	0.20%
	Instant access savings accounts (e.g. Instant Access Saver, Instant ISA Saver, CashBuilder)3	2.25% -2.35%	2.05% - 2.15%	0.20%

NB: Unless specified, the above rate changes apply to all issue numbers  

1 Future Saver: customers who have a main current account with us from 4.00% to 3.80%; other customers from 3.50% to 3.30%. 

2 Flexclusive Saver / Flexclusive ISA:  £0-£9,999.99 from 2.30% to 2.10%; £10K-£49,999.99 from 2.35% to 2.15%; £50K+ from 2.40% to 2.20%. 

3 Instant access savings accounts:  £0-£9,999.99 from 2.25% to 2.05%; £10K-£49,999.99 from 2.30% to 2.10%; £50K+ from 2.35% to 2.15%. 

GalacticaActual

ForumUser7 said:

GalacticaActual said:

Just received an email from Nationwide Building Society. They are reducing interest rates on some savings accounts from 1st November 2024.

In the email, they listed the accounts they I currently hold, all of which will have a 0.15% reduction from 1st November 2024.

"From 1 November 2024, the variable interest rates on some of our savings accounts will go down. This follows the decision by the Bank of England to reduce the base rate from 5.25% to 5.00%."

I can't find a PDF on their website to see what else is changing.

New rates can be found here: https://www.nationwidemediacentre.co.uk/news/nationwide-adjusts-savings-rates-following-bank-rate-decrease

Thanks for finding the link to the new rates

Bridlington1

@soulsaver
West Brom Four Access Saver (Issue 1) 4.90% NLA  
I mentioned this a while back (was also mentioned in the no-chat thread but it remains listed in the top 10(ish) list)

soulsaver

Bridlington1 said:

@soulsaver
West Brom Four Access Saver (Issue 1) 4.90% NLA  
I mentioned this a while back (was also mentioned in the no-chat thread but it remains listed in the top 10(ish) list)

Just testing...

t1redmonkey

Might be worth including the 4.89% version of this account in the top accounts thread: https://www.sidekickmoney.com/savings

You can technically get up to 5.34% but quite a big "if" on that one, whereas the 4.89% version is basically available to everyone for 12 months.

allegro120

t1redmonkey said:

Might be worth including the 4.89% version of this account in the top accounts thread: https://www.sidekickmoney.com/savings

You can technically get up to 5.34% but quite a big "if" on that one, whereas the 4.89% version is basically available to everyone for 12 months.

For 5.34% one has to invest £1,000+ into a Sidekick investment portfolio.  That's a very good offer for those who doesn't mind a bit of risk.

Considering the recent pattern 4.89% can be at the top of EA ladder very soon.  I think I'm going to download the app and open this account before it goes NLA.  Thanks for posting the link  

t1redmonkey

allegro120 said:

t1redmonkey said:

Might be worth including the 4.89% version of this account in the top accounts thread: https://www.sidekickmoney.com/savings

You can technically get up to 5.34% but quite a big "if" on that one, whereas the 4.89% version is basically available to everyone for 12 months.

For 5.34% one has to invest £1,000+ into a Sidekick investment portfolio.  That's a very good offer for those who doesn't mind a bit of risk.

Considering the recent pattern 4.89% can be at the top of EA ladder very soon.  I think I'm going to download the app and open this account before it goes NLA.  Thanks for posting the link  

For sure it might be worth the extra 0.45% to open the £1k investment.  I've heard the fees they charge on investments are quite high though (not too sure on this though, haven't looked into what they are myself).  But yes, I think if someone only stuck £1k in an investment with them, but put a very high amount in the 5.34% savings account they'd now have access to, then that could definitely be worth the comparatively high fees on the investment side.