The Top Easy Access Savings Discussion Area

soulsaver

The ranked easy access accounts list, ToTP, just updated.
Observation: There'll likely be 3 drop offs this week leaving Al Rayan's 2.85% in 10th ...and vulnerable to relegation.

mebu60

flobbalobbalob said:

mebu60 said

You can message Shawbrook online requesting change of EA account.
You need minimum £1k to get the full rate.
My £1 in Issue 29 was getting 0.05%.

Did you have to deposit the full £1k first ?

Yes, it's a minimum opening balance of £1k. You can subsequently go lower (minimum withdrawal £500) but won't then get top rate of interest. 
If you're asking whether you can do a test £1 payment, I can't recall. If they return it then that demonstrates you had the correct details so you can confidently send £1k to see that before doing any more. Or do £1k very very carefully, triple check and check again! 

AmityNeon

soulsaver said:

The ranked easy access accounts list, ToTP, just updated.
Observation: There'll likely be 3 drop offs this week leaving Al Rayan's 2.85% in 10th ...and vulnerable to relegation.

How do you determine the positions of equivalent AERs?

soulsaver

AmityNeon said:

soulsaver said:

The ranked easy access accounts list, ToTP, just updated.
Observation: There'll likely be 3 drop offs this week leaving Al Rayan's 2.85% in 10th ...and vulnerable to relegation.

How do you determine the positions of equivalent AERs?

Other attributes. 

phillw

Band7 said:
Have a look over on the Budgeting board, there’s a Kroo thread. Not very busy. They use faster payments like all banks. What will happen if the MSE Massive hits them is anyone’s guess.

App locked up after verifying my phone number and entered some of my details. Now won't let me sign up as details already entered, when trying to login it refuses to text me.

AmityNeon

soulsaver said:

AmityNeon said:

soulsaver said:

The ranked easy access accounts list, ToTP, just updated.
Observation: There'll likely be 3 drop offs this week leaving Al Rayan's 2.85% in 10th ...and vulnerable to relegation.

How do you determine the positions of equivalent AERs?

Other attributes. 

Such as withdrawal limitations?

mebu60

mebu60 said:

southone said:

ranciduk said:

refluxer said:

Shawbrook have just released issue 32 of their Easy Access account, paying 2.92% AER...

Shawbrook Easy Access Account - Issue 32

2.92% annually / 2.88% monthly (variable)
£1,000 minimum opening balance
£500 minimum withdrawal
Open and manage account online
Next working day access to your funds if withdrawn online before 9:30pm

Finally!

but I just logged into my account and it’s still showing the old rate of 2.3% still…..

Just upgraded mine you can't do it on the website phone them they'll do it after going through security and upgrade the existing account very easy and very helpful

You can message Shawbrook online requesting change of EA account.
You need minimum £1k to get the full rate.
My £1 in Issue 29 was getting 0.05%.

Sent message online. 28 minutes later account was upgraded to Issue 32. 

Band7

phillw said:

Band7 said:
Have a look over on the Budgeting board, there’s a Kroo thread. Not very busy. They use faster payments like all banks. What will happen if the MSE Massive hits them is anyone’s guess.

App locked up after verifying my phone number and entered some of my details. Now won't let me sign up as details already entered, when trying to login it refuses to text me.

What happened when you contacted them about it?

BillBillBillBill

...However, there is a problem with these 'on-line' accounts, which alas is not detailed when following MSE recommendations or indeed by the bank itself until either at the end of the application or by email afterwards.

For example, I have tried to open both a Sainsburys and Cynergy easy access account. However both require witnessed ID documents to be sent to them. Cynergy only tell you this via email once one has wasted ones time going through all the application form. 

One has to photocopy ID documents (I don't have a copier) and then get it witnessed by a Doctor (who charges) or other person 'in authority'. They only accept an original signature (wet, they call it) so every application needs a new signature. 

Others are very good, Chase accept emailed photos. Coventry have an automated system to send ID photos & selfies. They still require a paper application, but they send the almost completed form to you, just requiring a signature and opening cheque & even include a pre-paid return envelope.

It is a shame a little more research is not carried out by MSE, rather than just posting the top interest rate each day.

ranciduk

mebu60 said:

flobbalobbalob said:

mebu60 said

You can message Shawbrook online requesting change of EA account.
You need minimum £1k to get the full rate.
My £1 in Issue 29 was getting 0.05%.

Did you have to deposit the full £1k first ?

Yes, it's a minimum opening balance of £1k. You can subsequently go lower (minimum withdrawal £500) but won't then get top rate of interest. 
If you're asking whether you can do a test £1 payment, I can't recall. If they return it then that demonstrates you had the correct details so you can confidently send £1k to see that before doing any more. Or do £1k very very carefully, triple check and check again! 

No that’s no right

i didn’t deposit 1k when I opened mine

i put a small amount in. Then once I upped the balance to 1k the interest rate changed to the full percentage