The Top Easy Access Savings Discussion Area

simonsmithsays

Dustybee said:

Cynergy have upped their Easy Access Account rate to 4.12% according to their website but when I've tried to open the new account when logged on it's still showing the old rate of 3.71%.  

Thanks.for this

Opened, funded (by internal closure of previous account) in five mins

Black_Cat2

pecunianonolet said:

stehouk said:

Zopa 3.92% instant access
7 day boosted 3.96%
31 day boosted 4.06%
95 day boosted 4.16%

Disappointing rates, my balance will stay the same, 0

Agree, not much between those rates either 😾

Dustybee

simonsmithsays said:

Dustybee said:

Cynergy have upped their Easy Access Account rate to 4.12% according to their website but when I've tried to open the new account when logged on it's still showing the old rate of 3.71%.  

Thanks.for this

Opened, funded (by internal closure of previous account) in five mins

It is now showing the new rate.  I must have been to quick for their systems to keep up!

Doctor_Who

Al Rayan everday saver 4%

pecunianonolet

Doctor_Who said:

Al Rayan everday saver 4%

Just got the email a well. 0.44% increase. That's 4.07% AER and valid from today

masonic

Bigwheels1111 said:

masonic said:

Sg28 said:

Freedommm said:

Ok, I applied with Ford Money, used another address of mine. Instantly received a happy email, that account will be opened! No issues! 4.05% from 29th June! 

You have more than 1 address? I think thats your problem then. However you still shouldnt be getting accounts declined. You may get asked for proof of ID and proof of address if they cant electronically verify your identity. 

You still need to find the issue as a matter of urgency. 

I can think of at least a couple of scenarios where this use of different addresses would lead to outright rejections. I suspect there's more to this than we've been told.

Ive applied for Bank accounts & savings accounts at 2 addresses, my house and the wifes without issue.

I had split old credit cards and bank accounts between both.

I've been rejected in the (rather distant) past using an address where I was staying as a guest in temporary accommodation for a work placement (had to use my permanent home address instead and get the initial paperwork forwarded), and I've known someone else have difficulties at a HMO where mail was easily intercepted.

MiserlyMartin

Rheumatoid said:

MiserlyMartin said:

What rat? Better to try and get some credibility back and show they are serious about tackling inflation. Really though, they actually want about 5% inflation. Inflation is the invisible tax that government put on us all, so they can erode away their government debt and savers especially will pay for.

Rat = Govt intervention to meet inflation target

Surely not? The Bank of England is a fully independent committee of economists who vote either way as they see fit and they do. It was handed this power by the last Labour government in the early days. Gone are the days when government set the rates. And since then the MPC has failed most of the time to keep inflation to it's 2% target. Perhaps if the government was still running things we wouldn't have had 0% all for 15 years and mass money printing destroying the £, which is ultimately the inflation that we are suffering

Freedommm

FindingBBob said:

Freedommm said:

Ok, I applied with Ford Money, used another address of mine. Instantly received a happy email, that account will be opened! No issues! 4.05% from 29th June! 

I hope you still have access to that address as they send out codes for validation via the post. Dont put any money in or it may be a struggle getting out again. 

Thanks for this information! I thought they only do this validation code if and when you change the nominated account?

masonic

MiserlyMartin said:

Rheumatoid said:

MiserlyMartin said:

What rat? Better to try and get some credibility back and show they are serious about tackling inflation. Really though, they actually want about 5% inflation. Inflation is the invisible tax that government put on us all, so they can erode away their government debt and savers especially will pay for.

Rat = Govt intervention to meet inflation target

Surely not? The Bank of England is a fully independent committee of economists who vote either way as they see fit and they do. It was handed this power by the last Labour government in the early days. Gone are the days when government set the rates. And since then the MPC has failed most of the time to keep inflation to it's 2% target. Perhaps if the government was still running things we wouldn't have had 0% all for 15 years and mass money printing destroying the £, which is ultimately the inflation that we are suffering

I guess you are saying this in jest, but in case you are not, of the 9 members, 4 are directly appointed by the Chancellor of the Exchequer. The Governor of the BoE is also chosen by the Chancellor and will have some influence over the other members from the BoE. Andrew Bailey was an absolute disaster in his role at the FCA and is probably the best example of someone failing upwards that I've ever seen. But unlike his predecessor, he was sympathetic to the government's Brexit stance and willing to tow the line.

allegro120

pecunianonolet said:

Doctor_Who said:

Al Rayan everday saver 4%

Just got the email a well. 0.44% increase. That's 4.07% AER and valid from today

Well overdue increase, but I'll stay with Tandem. 4.1% is slightly better rate and it's 24/7.  Al Rayan's weekend closures can be inconvenient.