Easy access account

madlyn

I'm looking for an easy access account to deposit a monthly amount that I can then withdraw when my car tax and insurance are due.
Happy with opening and managing online or app and monthly interest would be nice.

Robin9

Who do you bank with at the moment?  What do they offer?

madlyn

Robin9 said:

Who do you bank with at the moment?  What do they offer?

I bank with the nationwide and to be honest I've not looked at what they have.

Robin9

Their Instant Access Saver is 1.3%   Not staggering but convenient

allegro120

madlyn said:

I'm looking for an easy access account to deposit a monthly amount that I can then withdraw when my car tax and insurance are due.
Happy with opening and managing online or app and monthly interest would be nice.

https://www.chase.co.uk/gb/en/saver-boosted/ 

Barkin

madlyn said:

Robin9 said:

Who do you bank with at the moment?  What do they offer?

I bank with the nationwide and to be honest I've not looked at what they have.

Flex Regular Saver - 6.5%

Middle_of_the_Road

Barkin said:

madlyn said:

Robin9 said:

Who do you bank with at the moment?  What do they offer?

I bank with the nationwide and to be honest I've not looked at what they have.

Flex Regular Saver - 6.5%

Maybe ok, but only three withdrawals are allowed per year.

https://www.nationwide.co.uk/savings/flex-regular-saver

The new 5% Chase account might be more suitable.

https://www.chase.co.uk/gb/en/saver-boosted/

Albermarle

Best Easy Access Savings Accounts | Up to 4.75% AER

madlyn

Barkin said:

madlyn said:

Robin9 said:

Who do you bank with at the moment?  What do they offer?

I bank with the nationwide and to be honest I've not looked at what they have.

Flex Regular Saver - 6.5%

I've looked at this, but it's just a 12 month account, I'd prefer something that just keeps running.

Middle_of_the_Road

madlyn said:

Barkin said:

madlyn said:

Robin9 said:

Who do you bank with at the moment?  What do they offer?

I bank with the nationwide and to be honest I've not looked at what they have.

Flex Regular Saver - 6.5%

I've looked at this, but it's just a 12 month account, I'd prefer something that just keeps running.

If you want simplicity, you're going to have to accept a lower rate. Nationwide easy access is 2.75 %.

Accounts that 'keep running' will usually be variable rates. Therefore are likely to reduce further the way the forecast is looking. 

Although the Nationwide reg saver is a variable rate account, it's rate has escaped being reduced inline with other variable accounts.

Barkin

Middle_of_the_Road said:

madlyn said:

Barkin said:

madlyn said:

Robin9 said:

Who do you bank with at the moment?  What do they offer?

I bank with the nationwide and to be honest I've not looked at what they have.

Flex Regular Saver - 6.5%

I've looked at this, but it's just a 12 month account, I'd prefer something that just keeps running.

If you want simplicity, you're going to have to accept a lower rate. Nationwide easy access is 2.75 %.

Accounts that 'keep running' will usually be variable rates. Therefore are likely to reduce further the way the forecast is looking. 

Halifax regular saver is fixed (currently 5.5%) for 12 months.

At the end of the 12 months, the money+interest is moved to a normal savings account (at a poor interest rate, which may not matter if the funds are withdrawn to pay expected expenses) and the RS starts again, with the same account number etc, so there's no need to faff around with a new standing order or whatever.

Just a thought - there must be lots of products that would suit...