The Top Easy Access Savings Discussion Area

2010

mebu60 said:

2010 said:

mebu60 said:

2010 said:

Also looking at Sainsbury`s defined triple at 3.05% min £1K.
(£1 to £999 @ 1.05%)

https://www.sainsburysbank.co.uk/savings/sav_definedsaver_skip

To soulsaver:
Issue number also needs to be incremented to 39 on TotP.
Hard to keep up with Sainsbury's regular increases I know!
Thanks again for all your efforts, hugely appreciated by many.

Do you know if Sainbury`s increase the previous issues when a new issue comes out?

They are not doing so currently. If you hold a previous issue, log in, select Apply, choose the Defined Access Issue 39 and complete the application, some is pre-populated, other boxes including Nectar number and NINo require inputting.
From personal experience of multiple iterations of this, you should finish by being given new account number which is immediately visible. Go in to Move Money, move all the capital to new account. Go in to Messages, ask for Issue NN to be closed and the interest added to Issue 39. This is taking a few days at the moment.
Note that you will need to change the Sainsbury's account number in the payee details of your funding bank if you pay in any new money to your Issue 39. 

Can you get the account opened online or do they want you to send ID ?

soulsaver

@2010

As a general rule, if there's a new issue, then rate isn't applied retrospectively. But there are exceptions - Leeds BS springs to mind, even for their reg savers.

ID required? No one on here will know - it depends on your personal records.

spee101

ranciduk said:

Shawbrook easy access account rises again

 now 3.01% on the website

Get them secure messages sent again !

Thanks for the heads-up yesterday. I am new to Shawbrook and sent my secure message at approximately 1:30pm - do you know how long it takes them to switch the account over? I see that the message says ‘read’. Many thanks! 

SanguineOnSaturn

Does anyone have any ideas for business account savings easy access? Currently stashed in Aldermore at 2.0%. I see Shawrbrook at 2.03%. Why do these accounts lag behind so much I wonder.

spee101

SanguineOnSaturn said:

Does anyone have any ideas for business account savings easy access? Currently stashed in Aldermore at 2.0%. I see Shawrbrook at 2.03%. Why do these accounts lag behind so much I wonder.

I’m wondering if Aldermore will also increase their normal easy access savings account now it isn’t available! 

SanguineOnSaturn

Cumberland BS seem a way ahead with 2.6% easy access business esaver but not my locality unfortunately. Wonder why so few choices with better rates.

southone

spee101 said:

ranciduk said:

Shawbrook easy access account rises again

 now 3.01% on the website

Get them secure messages sent again !

Thanks for the heads-up yesterday. I am new to Shawbrook and sent my secure message at approximately 1:30pm - do you know how long it takes them to switch the account over? I see that the message says ‘read’. Many thanks! 

I did mine about 10am yesterday too and phoned as it wasnt done this afternoon and got it done on phone, they say it can take 5 days for secure message to be actioned

spee101

southone said:

spee101 said:

ranciduk said:

Shawbrook easy access account rises again

 now 3.01% on the website

Get them secure messages sent again !

Thanks for the heads-up yesterday. I am new to Shawbrook and sent my secure message at approximately 1:30pm - do you know how long it takes them to switch the account over? I see that the message says ‘read’. Many thanks! 

I did mine about 10am yesterday too and phoned as it wasnt done this afternoon and got it done on phone, they say it can take 5 days for secure message to be actioned

Thank you for letting me know, I’ll probably give them a call tomorrow then. 

cwep2

A couple of banks worth watching to see if they move soon:
1) Al Rayan haven’t moved this year so far. Getting notification their banking will be down in small hours of Thursday night/Friday morning - rate change incoming at same time???
2) Chip, they claim (see https://www.getchip.uk/savings-accounts/instant-access-account) to react fast to Bank of England rate changes and they haven’t done anything since the 0.5% hike last week. They are moving from the ‘reward’ to ordinary style interest on 11th but maybe after that we are due a rate increase as well. 

A few more places (eg Chase) have announced rate increases that haven’t taken effect yet, so those lagging behind will start seeing money move out. Would be nice if there was a bit more competition. We had plenty of banks in the 2.8-2.9% range weeks before the 0.5% rate hike, was expecting to see a few up at 3.25% or so at least. 

ranciduk

spee101 said:

ranciduk said:

Shawbrook easy access account rises again

 now 3.01% on the website

Get them secure messages sent again !

Thanks for the heads-up yesterday. I am new to Shawbrook and sent my secure message at approximately 1:30pm - do you know how long it takes them to switch the account over? I see that the message says ‘read’. Many thanks! 

I sent my message and within 1 hour they had changed my account over to the new higher issue