Best savings account?

uscool said:
What's the expiring date , mine ends on 28th October the new boosted rate is for new customers only
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Fair enough good time for you to move then


My boosted rate with chase ends 17th July next year


although i dont really want to earn over £500 interest if i can help it on this account.
 
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My Chase Boosted ends next week, but I did open a Nationwide on with £200 monthly deposit with 6.5% gross about 6 months ago so will shift it into that slowly.

Not sure what else to do when that ends, besides my Barclays Rainy Day at 5% but thought about cancelling that because it cost a monthly fee, although everytime the interest rates drop the better that looks.
 
Raymond Lin said:
Not sure what else to do when that ends, besides my Barclays Rainy Day at 5% but thought about cancelling that because it cost a monthly fee, although everytime the interest rates drop the better that looks.
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You might have it already but I took up the Apple TV offer with that Blue rewards fee so not a bad reward for the £5 mnth
 
uscool said:
Same here , the offer is for new customers, looks like I'll start looking elsewhere

For easy access savings
Looking at money supermarket

Ulster Bank (part of NatWest)* – pays 4.5% on balances above £5,000 (made up of a standard variable 1.75% + a 2.75% fixed 12-month bonus). This account closes after a year, when it will be transferred to a different, likely lower-paying account (so diarise then to ditch and switch).
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Cheers for the heads up. I've set up one for my emergency fund savings.
 
Just setup a Zopa Biscuit account, no hard credit check and it gives you access to a 4.75% easy access savings account (3.25% variable base with a 1.5% boost for 12 months) as long as you shuffle £500 though the main account each month. Also gives you a 7.10% account with a £300 a month deposit limit.

Comes with some other bits including 2% interest on your current account balance and 2% cashback on up to £1500 of DD per year.
 
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Gone for Zopa too, it seems the best of the lot now. App is decent and sign up process was much better than Ulster.

Ulster messed up making my account and its been stuck in limbo somewere. I did the ID check straight away but when signing in it says my account may take up to 2 business days to complete but thats long gone. There is no easy to resolve it either (Not that I want to use it now anyway).

I was expecting chase to offer something as so many will jump ship.
 
LiGhTfasT said:
Gone for Zopa too, it seems the best of the lot now. App is decent and sign up process was much better than Ulster.

Ulster messed up making my account and its been stuck in limbo somewere. I did the ID check straight away but when signing in it says my account may take up to 2 business days to complete but thats long gone. There is no easy to resolve it either (Not that I want to use it now anyway).

I was expecting chase to offer something as so many will jump ship.
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I had the same faff with Ulster but all sorted now, had to go through it three times!.

Chase will offer another boosted deal as the one that ends on the 30th is my third, started moving funds out today.(25k daily limit)
 
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tom_e said:
Just setup a Zopa Biscuit account, no hard credit check and it gives you access to a 4.75% easy access savings account (3.25% variable base with a 1.5% boost for 12 months) as long as you shuffle £500 though the main account each month. Also gives you a 7.10% account with a £300 a month deposit limit.

Comes with some other bits including 2% interest on your current account balance and 2% cashback on up to £1500 of DD per year.
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sounds good as its easy access without penalties can I transfer out £500 to another bank just before and transfer it back in to keep the 4.75% ?
 
Zopa account looks good, £30 a year off from bills, strong regular saver and this easy access are all quite attractive.

Also halifax just paid me to leave

 
If I knew about this then I'd forgotten, but there's a Govt backed saving scheme that pays "50% interest"* to low earners on UC

www.bbc.co.uk

The savings account offering 50% interest - with a catch

Martin Lewis explains Help to Save, which is open to some people on universal credit.
www.bbc.co.uk www.bbc.co.uk

www.gov.uk

Get help with savings if you’re on a low income (Help to Save)

Get help with savings if you're on a low income (Help to Save) - how it works, what you'll get, eligibility, how it affects your benefits and how to apply online.
www.gov.uk www.gov.uk

* The mechanism works differently, but its a max saving of £50 a month then after 2 yrs and 4 yrs it pays a 50% bonus on the maximum amount you've had in there, rather than on the current/average balance.

These accounts started in 2018 and new accounts need to be opened before Apr 27.

Its obviously not going to be available to all the gucci belt wearing people on here :p, but its worth sharing this info to anyone you know on UC.
 
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Monument looks to have a good savings account... 4.5% variable ...my cash savings are with oxbury but it's less than that, a good 'lift and shift'.

Easy Access Savings Account

Open an Easy Access Savings account in minutes and earn interest from day one. Start from £25,000 - enjoy flexible savings and unlimited withdrawals.
www.monument.co www.monument.co

thing is my oxbury account is locked (on a lower variablr rate now) so I need to give 90 days notice, so if the BOE base rate has shifted downward within the next 3 months I'll be looking around again... and that illustrates the problem with fixed rate savings accounts.

That's the thing with notice accounts... you might miss a good rate with a different provider if it takes you 3 months to liquidate the cash, or if it's locked in for a year.
 
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