The New Top Easy Access Savings Discussion Area

janusd

chris_the_bee said:

gt94sss2 said:

Sorry if this should be a separate thread but where are others thinking of moving balances held in the Ulster Bank loyalty saver account given their interest rate cut next week?

I thought I had a 5.12% Cahoot account but apparently that has reverted to 1.2%..

Am ideally looking for true instant access accounts.

Cahoot

• 4.57% AER/gross variable rate interest for 1 year. Cahoot Simple Saver is still available.

not sure why you would suggest moving a balance from a 4.75% account (Ulster next week), to a 4.57% Cahoot account ?!?

while i'm here, an account was mentioned in the no-chat thread yesterday (but not here AFAIK) and it's now been posted on Moneyfacts.

Chetwood Bank @ 4.81% (£0 balance, next day withdrawals)... I had never heard of them, but I found that they share the same FSCS protection as Smart Save (who I know from the fixed rate thread).

chris_the_bee

janusdesign said:

chris_the_bee said:

gt94sss2 said:

Sorry if this should be a separate thread but where are others thinking of moving balances held in the Ulster Bank loyalty saver account given their interest rate cut next week?

I thought I had a 5.12% Cahoot account but apparently that has reverted to 1.2%..

Am ideally looking for true instant access accounts.

Cahoot

• 4.57% AER/gross variable rate interest for 1 year. Cahoot Simple Saver is still available.

not sure why you would suggest moving a balance from a 4.75% account (Ulster next week), to a 4.57% Cahoot account ?!?

while i'm here, an account was mentioned in the no-chat thread yesterday (but not here AFAIK) and it's now been posted on Moneyfacts.

Chetwood Bank @ 4.81% (£0 balance, next day withdrawals)... I had never heard of them, but I found that they share the same FSCS protection as Smart Save (who I know from the fixed rate thread).

I didn't suggest moving from Ulster to Cahoot, I was referring to the statement "I thought I had a 5.12% Cahoot account but apparently that has reverted to 1.2%."

janusd

chris_the_bee said:

janusdesign said:

chris_the_bee said:

gt94sss2 said:

Sorry if this should be a separate thread but where are others thinking of moving balances held in the Ulster Bank loyalty saver account given their interest rate cut next week?

I thought I had a 5.12% Cahoot account but apparently that has reverted to 1.2%..

Am ideally looking for true instant access accounts.

Cahoot

• 4.57% AER/gross variable rate interest for 1 year. Cahoot Simple Saver is still available.

not sure why you would suggest moving a balance from a 4.75% account (Ulster next week), to a 4.57% Cahoot account ?!?

while i'm here, an account was mentioned in the no-chat thread yesterday (but not here AFAIK) and it's now been posted on Moneyfacts.

Chetwood Bank @ 4.81% (£0 balance, next day withdrawals)... I had never heard of them, but I found that they share the same FSCS protection as Smart Save (who I know from the fixed rate thread).

I didn't suggest moving from Ulster to Cahoot, I was referring to the statement "I thought I had a 5.12% Cahoot account but apparently that has reverted to 1.2%."

fair enough - I had the same Cahoot 5.12% until yesterday when it matured and dropped 1.2%... but I opened the 4.85% issue 4 previously, so that's one of my backups going forward - I won't bother with the above Issue 5.

Bridlington1

@soulsaver
Cynergy Bank Online EA (Issue 80) 4.80% NLA

Replaced by Cynergy Bank Online EA (Issue 81) at 4.70% 

Marcoos

gt94sss2 said:

Sorry if this should be a separate thread but where are others thinking of moving balances held in the Ulster Bank loyalty saver account given their interest rate cut next week?

I thought I had a 5.12% Cahoot account but apparently that has reverted to 1.2%..

Am ideally looking for true instant access accounts.

Spread it around some that are either 4.85% or 4.90%. 

I’ll use the Simple Saver @ 4.85% as my main one to move in and out of for bills etc as withdrawals are really quick. 

KevinG

KevinG said:

SeriousHoax said:

Hi, has anyone gone for Sidekick?

Includes 1yr 0.55% bonus

Sidekick, 4.89%

- Min £1,000, max £250,000

- Open via app

- Interest paid: underlying 4.34% paid daily, 0.55% bonus paid monthly 

- No joint accounts

https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/#easyaccess

What a palaver opening that account! It wouldn't send a verification email to the first address I used (accepted the address but it never arrived) so I had to try another one, interminable questions to answer and after finally getting to uploading both sides of my driving licence and taking a selfie it will still take one business day to verify my application. Other accounts I have opened through an app have taken a couple of minutes before I could start using them.

And at the end of the following day it still hasn't been approved. 

ircE

True EA accounts are easy access savings accounts that can be opened and the headline rate accessed from £1, allow unlimited deposits and withdrawals without affecting the rate, and exclude smaller balance accounts. True Instant EA accounts are those True EA accounts that process transfers immediately, advertised as within hours but usually take place in minutes, 24/7. Blue highlighted entries are accounts that are new to the respective tables, red highlights are those whose interest rates have fallen since last time.

Chetwood is the new True EA leader. Note that, despite allowing unlimited withdrawals you are still limited to one per day. I suspect this is enough for most people. Skipton's BR tracker is the other new account. The Post Office and Monzo accounts have had their respective rates for some time already, it's just that they have finally displaced other providers that have dropped off the scorecard - Hampshire Trust and Chase.

europa

Unfortunately, Ulster Loyalty Saver drops to 4.75% (from 5.2) today. That said, i can't see anything better thats truly instant access!

BigBlueSky

europa said:

Unfortunately, Ulster Loyalty Saver drops to 4.75% (from 5.2) today. That said, i can't see anything better thats truly instant access!

Trading 212 ? 5.1% and withdrawals now are in a matter of minutes.  Free £10 minimum share too when you sign up (up to maximum of £100)

europa

BigBlueSky said:

europa said:

Unfortunately, Ulster Loyalty Saver drops to 4.75% (from 5.2) today. That said, i can't see anything better thats truly instant access!

Trading 212 ? 5.1% and withdrawals now are in a matter of minutes.  Free £10 minimum share too when you sign up (up to maximum of £100)

ive been looking into this as i was concerned how the interest is taxed. however, it does appear the interest is taxed in the same way as with a bank. see post #82 here:

https://community.trading212.com/t/now-available-even-higher-interest-on-uninvested-cash/65968/82?page=4