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Best Instant Access Rates

Posted: Sun Sep 04, 2016 8:42 am
by planteria
with drops for TSB, Yorkshire Building Society, Nationwide etc. is there anyone offering 1%, or more, Instant Access now? :think:

Re: Best Instant Access Rates

Posted: Sun Sep 04, 2016 9:04 am
by kevinchess1
You will struggle to fins an IA rate over 1%
But oddly, you can get 5% on some current A/C
TSB and Nationwide
TSB also have a Regular saver paying 2% but you can withdraw as much as you like anytime.

Re: Best Instant Access Rates

Posted: Sun Sep 04, 2016 9:10 am
by pabenny
With current low rates there is very little difference between best and middling rates and unless you have a lot of cash that you need instant access to, it's barely worth the trouble of opening new accounts. 0.25% difference on £1000 is worth £2.50 gross. You can earn that in a moment by not having a Starbucks.

As I'm sure you know, the best rates are on current accounts (TSB, Santander and others), offset mortgages, regular savings accounts (especially those linked to having a current account - eg M&S, First Direct).

If you really want to chase down the best instant access accounts, try looking at MSE, moneyfacts or Which?

Re: Best Instant Access Rates

Posted: Sun Sep 04, 2016 10:31 am
by planteria
yes, thanks.. im using Current Accounts and Regular Savers..

my FlexDirect account ran it's course, have a FlexAccount with a linked Regular Saver paying 5%..

have the TSB Plus account generating 5% and did have the Regular Saver at 5% too, but don't want to do an RS for 2%.

have Lloyds paying 4% on both Club and Regular Saver too.. again when the latter comes to an end nothing planning to go with their 3%.

repeated RS with HSBC at 6% yesterday, and have the M&S version too.

but have a fair chunk i need to get access to before the turn of the year, so on the face of it needs to be Instant Access. i can't see anything that beats 1% :think:

Re: Best Instant Access Rates

Posted: Sun Sep 04, 2016 3:02 pm
by bobster007
Tesco current account currently has a 3% for upto £3000 balance. Although not sure if they require direct debits going out or any income going into it.

Re: Best Instant Access Rates

Posted: Sun Sep 04, 2016 4:01 pm
by planteria
yeah, thanks bobster.. i'm really looking for somewhere to put an Instant Access 'pot'..

from elsewhere, this link: http://www.thisismoney.co.uk/money/arti ... ranch.html

Tesco, RCI, National Counties, Shawbrook and Virgin all have accounts paying above 1%. RCI, at 1.2%, being the best rate available.. this is the rate that YBS and Nationwide have dropped from unfortunately.

anyone here saving with RCI bank? https://www.rcibank.co.uk/savings/freedom

Re: Best Instant Access Rates

Posted: Sun Sep 04, 2016 6:04 pm
by Sarah
Tesco current accounts are quite handy in that they don't require direct debits or any monthly credits, but you can only open 2 so max £6000.

It's been difficult working out what accounts are worth a look recently, since there's been an avalanche of cuts announced. Some have taken effect already, most are due to happen sometime this month and a few more not until October. If you're thinking of opening a new account, try to check if they've already cut or announced a rate cut... otherwise something that looks good might not last for very long anyway!

Re: Best Instant Access Rates

Posted: Sun Sep 04, 2016 8:10 pm
by cccashbacklover
planteria wrote:
anyone here saving with RCI bank? https://www.rcibank.co.uk/savings/freedom
I put 1000.00 into a 3 year - 2.6% fixed rate account some time ago when Quidco were offering 25.00 cashback :thumbup:

Re: Best Instant Access Rates

Posted: Wed Oct 12, 2016 2:13 pm
by kevinchess1
TSB are reducing the amount and interest they pay,



We’re making some changes to your Classic Plus account. These changes will start from 4 January 2017. This email explains what these changes are and what you need to do next.

Your interest rate is reducing

Your Classic Plus credit interest rate is reducing. The table below shows you what your new interest rate will be:


Your current rate
5.00% AER/4.89% gross variable
Paid on balances up to
£2,000

Your rate from 4 January 2017
3.00% AER/2.96% gross variable
Paid on balances up to
£1,500

So reducing from 5% to 3% and only on £1500 From January :thumbdown:

Re: Best Instant Access Rates

Posted: Wed Oct 12, 2016 2:43 pm
by pabenny
Increasingly the case that the best rates are here