Best savings account?

[Energize]

Cynergy bank offer 4.8% £1 min deposit easy access, Furness Building Society offer 5% £1min deposit but a max of 3 withdrawals a year and you have to apply by post!

Oxbury bank offer 5.45% on their 90 day notice account, and Zenith Bank offer 6% on their 1 yr fixed rate account but both have a £1,000 min deposit.

 

[englishpremier]

Possibly mentioned already in the thread, but if so I missed it.

I noticed that Santander's Edge account snuck up to 7% now. That includes a 2.5% bonus which falls off after the first. Year. Unfortunately it's only on savings up to £4,000, but beats Barclay's Rainy Day Saver.

 

[-Ad-]

Possibly mentioned already in the thread, but if so I missed it.

I noticed that Santander's Edge account snuck up to 7% now. That includes a 2.5% bonus which falls off after the first. Year. Unfortunately it's only on savings up to £4,000, but beats Barclay's Rainy Day Saver.

But it costs £36/yr to have an edge account, plus other terms, such as multiple DDs coming out monthly.

Still, with that factored into a £4k initial deposit, you'd still be up £52 vs the best easy access savers around.

 

[englishpremier]

But it costs £36/yr to have an edge account, not that good value really.

Which you should be getting back via cashback from bills thus covering the amount.

 

[-Ad-]

Which you should be getting back via cashback from bills thus covering the amount.

Only if you move all your bills to the account.

I'm not switching everything from our other decent bank account to some account to use for 1 year to offset a £3 monthly cost.

 

[~Mike~]

Chip increased to 4.84%

 

[ShiWarrior]

Chip increased to 4.84%

About time
Checked this morning, was at 4.51

 

[iron_monkey]

Chip increased to 4.84%

Was just coming to post this, about time. I was getting ready to jump chip.

 

[Sho]

Too late. I jumped ship from Chip to Tandem.

 

[FBi7]

Too late. I jumped ship from Chip to Tandem.

Damn. Me too. Just had the email through from Chip. Hopefully Tandem follow suit.

 

[Sho]

Damn. Me too. Just had the email through from Chip. Hopefully Tandem follow suit.

Well with Tandem it’s 5% (top up boost for a year) so needs to be over 5% before I even think about jumping ship

 

[FBi7]

Well with Tandem it’s 5% (top up boost for a year) so needs to be over 5% before I even think about jumping ship

Tandem stopped doing 5% during last week. I was too late for that. 4.65% is what new customers are now getting.
I'm not doing too well at the moment.

 

[Energize]

So chip up the rates just after I opened a cynergy 4.8% account as well, oh well I suppose it's not going to hurt having two easy access savings accounts.

 

[Eddie99]

I was about to switch back from Tandem to Chip as I just missed out on the top up rate to 5%, but my Tandem account is showing 5% now instead of 4.65%.

 

[FBi7]

So is mine. Sweet.

 

[Finners]

Anyone using cahoot? Seems they are part of Santander so shouldn't be any issues hopefully just would like to know of anyone has any horror stories?

 

[Sudden]

Ah looks like it's 4.79 if it's monthly - 4.9 is if interest is paid annually.

 

[Disco_P]

Ah looks like it's 4.79 if it's monthly - 4.9 is if interest is paid annually.

4.79% gross compounds to roughly 4.9% aer, not sure why cahoot are underselling themselves

 

[Silenced]

Glad chip have actually increased their rates but they still seem marginally behind others, not enough for me to change right now but it does make me think twice in future when they're late to increasing

 

[MatsyLR]

My tandem shows that I opted into the 5% today even though I didn't.

For 0.16% and how crap the tandem app is and slow payouts I'm just sticking with chip. Unless tandem put there rate up even more.