The Top Easy Access Savings Discussion Area

allegro120

ChewyyBacca said:

Al Rayan Everyday Saver (Issue 3) Expected profit rate 3.3% AER
Min amount: £5000

3.3% EPR = 3.35% AER.  Getting very close to Chip's 3.4%.  I wish Al Rayan did weekend transactions.

ChewyyBacca

allegro120 said:

ChewyyBacca said:

Al Rayan Everyday Saver (Issue 3) Expected profit rate 3.3% AER
Min amount: £5000

3.3% EPR = 3.35% AER.  Getting very close to Chip's 3.4%.  I wish Al Rayan did weekend transactions.

I wasnt aware of non availability of Weekend transactions. I do a lot of Sunday evening transactions to fund my Current account for impending payments on Monday!

What about 24 hours transaction on working day? Does Al Rayan do that?

allegro120

ChewyyBacca said:

allegro120 said:

ChewyyBacca said:

Al Rayan Everyday Saver (Issue 3) Expected profit rate 3.3% AER
Min amount: £5000

3.3% EPR = 3.35% AER.  Getting very close to Chip's 3.4%.  I wish Al Rayan did weekend transactions.

I wasnt aware of non availability of Weekend transactions. I do a lot of Sunday evening transactions to fund my Current account for impending payments on Monday!

What about 24 hours transaction on working day? Does Al Rayan do that?

In my experience, if you request on Sunday evening the funds will arrive to your bank account on Monday morning at around 9am. There is also a cut off time on working days, but I'm not sure what it is - I've recently requested withdrawal at around 9pm and the money arrived only next morning.

pecunianonolet

Al Ryan is more or less a Monday - Friday 9 - 5 bank. If you try to withdraw outside of their operating hours the cash disapears straight away and is going to the ether until credited at the destination causing loss of interest. 

If they would offer the flexibility and 24/7 service it would be a very strong offering and a huge competitive advantage. 

Interest changes:
9th October 2022	2.35% - 2.38% AER
21st October 2022	2.81% - 2.85% AER
21st February 2023	3.05% - 3.09% AER
14th March 2023	3.12% - 3.16% AER
17th March  2023	3.22% - 3.27% AER
29th March 2023	3.30% - 3.35% AER

allegro120

pecunianonolet said:

Al Ryan is more or less a Monday - Friday 9 - 5 bank. If you try to withdraw outside of their operating hours the cash disapears straight away and is going to the ether until credited at the destination causing loss of interest. 

If they would offer the flexibility and 24/7 service it would be a very strong offering and a huge competitive advantage. 

Interest changes:
9th October 2022	2.35% - 2.38% AER
21st October 2022	2.81% - 2.85% AER
21st February 2023	3.05% - 3.09% AER
14th March 2023	3.12% - 3.16% AER
17th March  2023	3.22% - 3.27% AER
29th March 2023	3.30% - 3.35% AER

...and the same goes for deposits.

duncan5555

Secure Trust Access Account issue 6 now at 3.26%. Not yet shown on their website but my account now shows the increase.

patgarrett

Have any other existing Cynergy Online Easy Access Account holders been asked to verify their identity after applying for the latest 3.25% offering? I have always been able to open the higher rate account immediately but have just been asked to provide supporting documentation. 

soulsaver

duncan5555 said:

Secure Trust Access Account issue 6 now at 3.26%. Not yet shown on their website but my account now shows the increase.

Thanks duncan.
 3.26% maybe monthly rate?
 3.30% aer. Min operating balance  £1k Access Account (securetrustbank.com) 

d63

patgarrett said:

Have any other existing Cynergy Online Easy Access Account holders been asked to verify their identity after applying for the latest 3.25% offering? I have always been able to open the higher rate account immediately but have just been asked to provide supporting documentation. 

Yes, happened to me too, despite being with them for many years and going through the digipass business and 8 different easy access account issues, suddenly they wanted photo-Id to open the latest issue, which I do not possess. Very strange. The only good part was I was able to withdraw  the entire balance in one go and received the funds the same day in my nominated account. 

VNX

duncan5555 said:

Secure Trust Access Account issue 6 now at 3.26%. Not yet shown on their website but my account now shows the increase.

How do you find them to save with, good website quickly money transfers?