The Top Easy Access Savings Discussion Area

flobbalobbalob

Cynergy Issue 55 2.90%

https://www.cynergybank.co.uk/personal-savings/online-easy-access-account/online-easy-access-account-issue-55/

AndyTh_2

AndyTh_2 said:

whatleytom87 said:

Must be taking into account customer feedback! 

It may more likely be that they needed to stave off customer loss for their own supply and demand needs.

Creating new issues was also a means to manage that in a different way, i.e. trying to gain new deposits without increasing existing costs proportionally.

So no doubt they'll do new issues again in the future.

for posterity (old Cynergy chat about them possibly only updating interest rates on existing accounts for the short term)

I checked my issue 54 and it was showing still 2.75% (although might change tomorrow 🤷)

soulsaver

flobbalobbalob said:

Cynergy Issue 55 2.90%

https://www.cynergybank.co.uk/personal-savings/online-easy-access-account/online-easy-access-account-issue-55/

Thanks @ flobbalobbalob

Note: Cynergy rarely apply their new rates to existing accounts. And they don't keep the new accounts available for long... so if the rate etc. suits you, best get your application in early and at least £1 min foot in the door..

Steve_xx

infoadict said:

Just registered with the CHIP app to enable me to transfer money into the Instant Access Savings @ 3%, when their bonus changes to interest on 11th February.

Not sure if this is common knowledge (not seen it mentioned on here - just the possible Topcashback) reward, but they are offering various bonuses ranging from £10 on a £5,000 deposit up to £50 on a £20,000 deposit, to new customers. You enter the appropriate code on your app before 30th January and I have up to the 31st July to make the deposit.

Only snag is you have to keep the deposit in there for 6 months.

https://www.getchip.uk/instant-access-account/money-to-the-masses#how-redeem

This on their website struck me as a bit odd:

The return is paid monthly as a bonus, not interest. The return is not FSCS protected. Chip is not a bank so we pay out your return as a bonus instead of interest. This also allows us to be more flexible with the return we offer.

k_man

Steve_xx said:

infoadict said:

Just registered with the CHIP app to enable me to transfer money into the Instant Access Savings @ 3%, when their bonus changes to interest on 11th February.

Not sure if this is common knowledge (not seen it mentioned on here - just the possible Topcashback) reward, but they are offering various bonuses ranging from £10 on a £5,000 deposit up to £50 on a £20,000 deposit, to new customers. You enter the appropriate code on your app before 30th January and I have up to the 31st July to make the deposit.

Only snag is you have to keep the deposit in there for 6 months.

https://www.getchip.uk/instant-access-account/money-to-the-masses#how-redeem

This on their website struck me as a bit odd:

The return is paid monthly as a bonus, not interest. The return is not FSCS protected. Chip is not a bank so we pay out your return as a bonus instead of interest. This also allows us to be more flexible with the return we offer.

That's changing to a FSCS protected interest savings account on 11th Feb

subjecttocontract

soulsaver said:

flobbalobbalob said:

Cynergy Issue 55 2.90%

https://www.cynergybank.co.uk/personal-savings/online-easy-access-account/online-easy-access-account-issue-55/

Thanks @ flobbalobbalob

Note: Cynergy rarely apply their new rates to existing accounts. And they don't keep the new accounts available for long... so if the rate etc. suits you, best get your application in early and at least £1 min foot in the door..

What do existing account holders (2.75%) need to do to get the higher rate of 2.9% ?

TiVo_Lad

subjecttocontract said:

soulsaver said:

flobbalobbalob said:

Cynergy Issue 55 2.90%

https://www.cynergybank.co.uk/personal-savings/online-easy-access-account/online-easy-access-account-issue-55/

Thanks @ flobbalobbalob

Note: Cynergy rarely apply their new rates to existing accounts. And they don't keep the new accounts available for long... so if the rate etc. suits you, best get your application in early and at least £1 min foot in the door..

What do existing account holders (2.75%) need to do to get the higher rate of 2.9% ?

Open the new account and then do a "Internal Transfer and Close" in Online Banking to move the funds (plus interest) from the old to the new account.

TiVo_Lad

Tipton Building Society have just launched a new Limited Access (3 withdrawals per year) Saver at 3.2% for balances over £25K. Branch and post only.

https://www.thetipton.co.uk/our-savings/current-savings-rates-1/easy-access-savings/limited-access-issue-2

phillw

infoadict said:

Only snag is you have to keep the deposit in there for 6 months.

https://www.getchip.uk/instant-access-account/money-to-the-masses#how-redeem

The £50 for £20000 for six months, works out an extra 0.5%. So if you can get over 3.5% on a six month notice account then go for that instead.

If the money will stay in there for a whole year then its closer to 3.25%. 

soulsaver

TiVo_Lad said:

Tipton Building Society have just launched a new Limited Access (3 withdrawals per year) Saver at 3.2% for balances over £25K. Branch and post only.

https://www.thetipton.co.uk/our-savings/current-savings-rates-1/easy-access-savings/limited-access-issue-2

Added in ToTP 'Oddballs' & trail here