The Top Easy Access Savings Discussion Area

pecunianonolet

ForumUser7 said:

pecunianonolet said:

ircE said:

Newbury update, changes wef from 15 Mar

 https://www.newbury.co.uk/news-knowledge/news/bank-of-england-base-rate-change-2-february-2023/

EMA up to 3.5%, Welcome up to 3.3%.

1. How long do you have to hold an account with them to fulfil the requirement as EMA?
2. They have a max deposit limit. If you pay in 3k for Welcome and a month later take 1k out, can you replenish the 1k at a later point or is it non flexible?

--> "For new savers the account holder must be resident in England or Wales." Looks like they don't like savers from Scotland 

1. 'There is no minimum age to open this account (subject to one year’s membership), however to open and operate this account online the minimum age is 18 years.'
2. 'If you withdraw funds from the account, they can be replaced, subject to a maximum account balance of £3,000 (please see important notes for example).' 'Example: Total deposit made of £3,000 and interest earned of £22.50. The total balance is £3,022.50. A withdrawal of £500 is made meaning the balance would be £2,522.50. You can then deposit £477.50 to take the balance back to a maximum of £3,000 (we will continue to allow the addition of interest to exceed the £3,000 limit'

https://www.newbury.co.uk/savings/accounts/welcome-newbury/

https://www.newbury.co.uk/savings/accounts/existing-member-account/

Was aware of the age requirement but having to hold an account for 12 months previously was what I was interested in. My geographical location means they don't want my cash anyway so unless they change this I won't bother but will keep an eye out. Maybe they remove this in the future but find it a bit discriminatory anyway.... maybe others follow.

refluxer said:

pecunianonolet said:

On Android and auto update disabled, not a fan of having things pushed at me, I like to pull when it suits me.
Zopa App v1.58.0.1675686135 (can be found at bottom of your profile page)

Normally I would agree on this, but this is a banking app so it's important to be running the latest version for security reasons. They've obviously cottoned on to what people were doing with the boosted pots so I can't see you being able to continue to do so in the old version of the app for long. I expect the only reason the old version currently still works is that they're allowing a grace period to give everyone time to update.

All banking runs on a separate Android phone and that's the sole purpose of that phone and nothing else is done with it. Phone is fully encrypted too. Only holds a basic SIM to receive text messages. I can work with an older app version and update when I deem it right or I am forced to do so e.g. old app becomes inoperable. 

Bridlington1

pecunianonolet said:

ForumUser7 said:

pecunianonolet said:

ircE said:

Newbury update, changes wef from 15 Mar

 https://www.newbury.co.uk/news-knowledge/news/bank-of-england-base-rate-change-2-february-2023/

EMA up to 3.5%, Welcome up to 3.3%.

1. How long do you have to hold an account with them to fulfil the requirement as EMA?
2. They have a max deposit limit. If you pay in 3k for Welcome and a month later take 1k out, can you replenish the 1k at a later point or is it non flexible?

--> "For new savers the account holder must be resident in England or Wales." Looks like they don't like savers from Scotland 

1. 'There is no minimum age to open this account (subject to one year’s membership), however to open and operate this account online the minimum age is 18 years.'
2. 'If you withdraw funds from the account, they can be replaced, subject to a maximum account balance of £3,000 (please see important notes for example).' 'Example: Total deposit made of £3,000 and interest earned of £22.50. The total balance is £3,022.50. A withdrawal of £500 is made meaning the balance would be £2,522.50. You can then deposit £477.50 to take the balance back to a maximum of £3,000 (we will continue to allow the addition of interest to exceed the £3,000 limit'

https://www.newbury.co.uk/savings/accounts/welcome-newbury/

https://www.newbury.co.uk/savings/accounts/existing-member-account/

Was aware of the age requirement but having to hold an account for 12 months previously was what I was interested in. My geographical location means they don't want my cash anyway so unless they change this I won't bother but will keep an eye out. Maybe they remove this in the future but find it a bit discriminatory anyway.... 

I'm pretty sure the account had a far stricter geographical location criteria until recently so you've a fighting chance of being able to get the account in the future.

I think they include the location criteria to avoid being overwhelmed by applications (yes I'm looking at you Monmouthshire BS) when they launch a competitive savings product.

pecunianonolet

Bridlington1 said:

pecunianonolet said:

ForumUser7 said:

pecunianonolet said:

ircE said:

Newbury update, changes wef from 15 Mar

 https://www.newbury.co.uk/news-knowledge/news/bank-of-england-base-rate-change-2-february-2023/

EMA up to 3.5%, Welcome up to 3.3%.

1. How long do you have to hold an account with them to fulfil the requirement as EMA?
2. They have a max deposit limit. If you pay in 3k for Welcome and a month later take 1k out, can you replenish the 1k at a later point or is it non flexible?

--> "For new savers the account holder must be resident in England or Wales." Looks like they don't like savers from Scotland 

1. 'There is no minimum age to open this account (subject to one year’s membership), however to open and operate this account online the minimum age is 18 years.'
2. 'If you withdraw funds from the account, they can be replaced, subject to a maximum account balance of £3,000 (please see important notes for example).' 'Example: Total deposit made of £3,000 and interest earned of £22.50. The total balance is £3,022.50. A withdrawal of £500 is made meaning the balance would be £2,522.50. You can then deposit £477.50 to take the balance back to a maximum of £3,000 (we will continue to allow the addition of interest to exceed the £3,000 limit'

https://www.newbury.co.uk/savings/accounts/welcome-newbury/

https://www.newbury.co.uk/savings/accounts/existing-member-account/

Was aware of the age requirement but having to hold an account for 12 months previously was what I was interested in. My geographical location means they don't want my cash anyway so unless they change this I won't bother but will keep an eye out. Maybe they remove this in the future but find it a bit discriminatory anyway.... 

I'm pretty sure the account had a far stricter geographical location criteria until recently so you've a fighting chance of being able to get the account in the future.

I think they include the location criteria to avoid being overwhelmed by applications (yes I'm looking at you Monmouthshire BS) when they launch a competitive savings product.

Agree, the Monmouthshire BS thing was one of a kind. Applied for it at the time but it took so long that I not even bothered when letters and passbook eventually arrived

TiVo_Lad

pecunianonolet said:

--> "For new savers the account holder must be resident in England or Wales." Looks like they don't like savers from Scotland 

We have a diffrent legal system north of the border and some organisations are so risk adverse they don't want to offer services to someone where there might be different legal ramifications. It's not an uncommon problem I'm afraid.

Minty33

Investec Online Flexi saver 2.90% (min 5000)
up from 2.70%

Section62

Ford Money Flexible Saver finally inches across the 3% barrier... effective today.

https://www.fordmoney.co.uk/savings-products/flexible-saver

Bridlington1

Section62 said:

Ford Money Flexible Saver finally inches across the 3% barrier... effective today.

https://www.fordmoney.co.uk/savings-products/flexible-saver

Too little too late so far as I'm concerned. I've got all my easy access savings at 3.15% (soon to be 3.25%) and above now so they won't be getting any of my cash unless they go higher.

devansuk

Bridlington1 said:

Section62 said:

Ford Money Flexible Saver finally inches across the 3% barrier... effective today.

https://www.fordmoney.co.uk/savings-products/flexible-saver

Too little too late so far as I'm concerned. I've got all my easy access savings at 3.15% (soon to be 3.25%) and above now so they won't be getting any of my cash unless they go higher.

Hi , Please can you tell me which easy access account will be offering 3.25% 

Thankyou

Malchester

devansuk said:

Bridlington1 said:

Section62 said:

Ford Money Flexible Saver finally inches across the 3% barrier... effective today.

https://www.fordmoney.co.uk/savings-products/flexible-saver

Too little too late so far as I'm concerned. I've got all my easy access savings at 3.15% (soon to be 3.25%) and above now so they won't be getting any of my cash unless they go higher.

Hi , Please can you tell me which easy access account will be offering 3.25% 

Thankyou

Swansea BS already does (and for easy access ISA) but you have to be resident in Wales or be an existing member. Just in the process of opening one. Open by post or in branch, then you can operate it online, branch or post

jaypers

devansuk said:

Bridlington1 said:

Section62 said:

Ford Money Flexible Saver finally inches across the 3% barrier... effective today.

https://www.fordmoney.co.uk/savings-products/flexible-saver

Too little too late so far as I'm concerned. I've got all my easy access savings at 3.15% (soon to be 3.25%) and above now so they won't be getting any of my cash unless they go higher.

Hi , Please can you tell me which easy access account will be offering 3.25% 

Thankyou

Top you’re going to get as a new customer is 3.15% from Chip. Lots of people like them but I wouldn’t touch them as don’t like the Open Banking concept. 

I’ve just got 3.2% with Charter but that’s only on previous issues for existing customers.