• Latest
  • Trending
Deal On Easy-Access Savings Account

Choose Now To Get A Great Deal On Easy-Access Savings Account

29/04/2019
Quick Ways to Get Followers on Instagram

Quick Ways to Get Followers on Instagram

27/05/2022

Start-up prep: Understanding the common pitfalls

10/05/2022
The standard 60/40 investment portfolio is dead: deVere CEO

The standard 60/40 investment portfolio is dead: deVere CEO

14/04/2022
Five of the Best Private Chefs & Catering Companies in Chamonix

Five of the Best Private Chefs & Catering Companies in Chamonix

03/03/2022
How fashion course help in fashion styling

How fashion course help in fashion styling

22/02/2022
Premier League matchday parking is almost double the cost of matchday parking in the Championship, new research reveals

Premier League matchday parking is almost double the cost of matchday parking in the Championship, new research reveals

08/02/2022
Why You Need an Updated Skincare Routine in the Winter

Why You Need an Updated Skincare Routine in the Winter

26/11/2021
Masham in Harrogate is the biker capital of the UK, new research reveals

Masham in Harrogate is the biker capital of the UK, new research reveals

17/11/2021
The British Brands Defined By Their Animal Association

The British Brands Defined By Their Animal Association

11/11/2021
5 Iconic Celeb-Inspired Shoe Trends We Can’t Resist

5 Iconic Celeb-Inspired Shoe Trends We Can’t Resist

10/11/2021
Top Reasons to Eat Superfoods

Top Reasons to Eat Superfoods

08/11/2021
A well-timed SMS will still be King of the Marketing Castle this Black Friday event

A well-timed SMS will still be King of the Marketing Castle this Black Friday event

08/11/2021
  • Authors
  • Write for us
  • Contact
Saturday, May 28, 2022
PostRadar
  • News
  • Business
    • Employment
    • Recruitment
    • Industrial
    • Marketing
  • Finance
    • Personal Finance
  • Property
    • Property Market
  • Lifestyle
    • Food & Drink
    • Healthcare
    • Consumer Advice
    • Fashion
    • Books
  • Travel
    • Tourism
  • Write for us
No Result
View All Result
  • News
  • Business
    • Employment
    • Recruitment
    • Industrial
    • Marketing
  • Finance
    • Personal Finance
  • Property
    • Property Market
  • Lifestyle
    • Food & Drink
    • Healthcare
    • Consumer Advice
    • Fashion
    • Books
  • Travel
    • Tourism
  • Write for us
No Result
View All Result
PostRadar
No Result
View All Result
Home Finance Personal Finance

Choose Now To Get A Great Deal On Easy-Access Savings Account

Dan by Dan
29/04/2019
in Personal Finance
12
6
SHARES
23
VIEWS
Share on FacebookShare on Twitter

Top Rates Are Disappearing At A Great Pace And The Trend Is To Continue.

Ford Money, Kent Reliance, Charter and Sainsbury’s have removed their top accounts and have replaced them with inferior accounts.

  • The launch of Marcus from Goldman Sachs in last September has made accounts costlier.
  • As a result, the maximum deposit amount of Goldman Sachs has also lowered from £250,000 to £100,000.

Easy-access accounts are just like savings accounts but it gives more benefits to the customer. An investor can withdraw and deposit money whenever they want and the rate of interest is also higher as compared to many current accounts.

The flexibility is much more than a normal savings account. Easy-access accounts are much more convenient as withdrawal of money and making monthly payments is much easier in easy access accounts.

Nowadays, great deals are disappearing very quickly, that means the deals that provide a higher rate of interest on easy access accounts are disappearing at a very high pace. One must always keep looking for the high rate of interests and grab the best deal before it is gone.

Market experts are predicting that the trend is going to continue and the top rates will keep on disappearing. So, one should not wait and choose the deal immediately without making any delay.

Top accounts from Ford money, Kent Reliance, Charter Savings Bank, Sainsbury’s Bank, etc. are already gone.

Goldman Sachs launched the Marcus account last September, because of which raising the money through easy-access accounts has become very expensive.

The 1.5 percent rate compelled the small banks and building societies to increase their rate of interest as well, thus increasing the easy-access account’s rate to the highest level for 2 years.

Investors or savers are unable to understand and predict the economic uncertainty and because of which more cash flow is coming in easy-access accounts.

In the past 1 year, around £30 billion has been deposited in the easy-access accounts whereas people have disinvested around £53 billion from fixed-rate bonds.

Investment experts have also noticed a trend that a lot of people have invested the money in ISAs at the end of the financial year.

Kevin Mountford, who is the CEO at savings marketplace Raisin UK has also commented on the situation saying that the bank needs to act in a smarter way when the easy-access money gets costlier so that they don’t raise money more than their need.

He also said that more deals are going to disappear and hence further rate cuts can also be predicted.

Ford Money always offers easy-money account but it is the first time since the past 2 years that it has not offered an easy-access account. They even closed their accounts earlier this month.

They still pay 1.42 percent on their Flexible Saver but only to those who already have an account. Charter Savings Banks provides 0.75 percent to the new savers whereas old savers were provided 1.35 percent.

Coventry BS has revised their rate of interest and is now offering 1.05 percent whereas earlier they were offering 1.15 percent.

Share2Tweet2Share1

Related Posts

Pension Fund Recovery

Know how you can do Pension Fund Recovery

07/05/2019
25
pension schemes

Paying Off Debts, A Life Sentence!!

06/05/2019
24
PI insurer

Few Tips given by the PI insurer to get a good insurance

05/05/2019
23
Climb the Housing Ladder

Climb the Housing Ladder with Help to Buy Scheme

05/05/2019
81
TAX SETBACK ON PENSION PLANS

GOVERNMENT FACES TAX SETBACK ON PENSION PLANS FOR THE SELF EMPLOYED

03/05/2019
53
Mortgage Debt To Gift Money

Parents Take More Mortgage Debt To Gift Money To Their Children

03/05/2019
25
No Result
View All Result

Looking for writing opportunities

Get in touch to find out more.

Start Writing

Latest News

  • Trending
  • Comments
  • Latest
TalkTalk

TalkTalk: How To Make Customer Services Listen To Your Complaint?

07/05/2019
Pensioners

Pensioners: 2019 First Quarter Performance Revealed

03/05/2019
American stock market

How the American stock market is being affected by the current presidential run of Donald Trump

10/05/2019
“Margaret Beaufort of Bourne, Collyweston, Maxey and Deeping: The Tudor Dynasty” by Margaret Wainwright is published

“Margaret Beaufort of Bourne, Collyweston, Maxey and Deeping: The Tudor Dynasty” by Margaret Wainwright is published

23/12/2020
DB Transfer Inflows

DB Transfer Inflows At BJ Bell Half Over 12 Months

Hertz Deposit

£500 Hertz Deposit that somehow went “Undetected”

Fuel Efficient Petrol Cars

The Most Fuel-Efficient Petrol Cars You Can Buy

New Tax Reforms

Buy To Let Business Took A Hit In London With The New Tax Reforms

Quick Ways to Get Followers on Instagram

Quick Ways to Get Followers on Instagram

27/05/2022

Start-up prep: Understanding the common pitfalls

10/05/2022
The standard 60/40 investment portfolio is dead: deVere CEO

The standard 60/40 investment portfolio is dead: deVere CEO

14/04/2022
Five of the Best Private Chefs & Catering Companies in Chamonix

Five of the Best Private Chefs & Catering Companies in Chamonix

03/03/2022

Quick Links

  • Home
  • Authors
  • Contact
  • Write for us
  • Sitemap

Browse By Topic

  • News
  • Business
  • Finance
  • Lifestyle
  • Entertainment
  • Politics
  • Property

Recent News

News

Quick Ways to Get Followers on Instagram

27/05/2022
8
Business

Start-up prep: Understanding the common pitfalls

10/05/2022
19

© 2019 PostRadar

No Result
View All Result
  • Write for us
  • Get in touch
  • Home
  • Topics
  • Business
  • Education
  • Energy
  • Entertainment
  • Finance
  • Legal
  • Lifestyle
  • Politics
  • Property
  • Science & Technology
  • Transport
  • Travel

© 2019 PostRadar.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.