📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

The Top Easy Access Savings Discussion Area

Options
1141014111413141514162004

Comments

  • Dustybee
    Dustybee Posts: 62 Forumite
    Third Anniversary 10 Posts Name Dropper
    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
    Doctor_Who Posts: 917 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    Al Rayan everday saver 4%
    'Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it' - Albert Einstein.
  • pecunianonolet
    pecunianonolet Posts: 1,777 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    edited 23 June 2023 at 5:28PM
    Al Rayan everday saver 4%
    Just got the email a well. 0.44% increase. That's 4.07% AER and valid from today
  • masonic
    masonic Posts: 27,267 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 23 June 2023 at 5:36PM
    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
    MiserlyMartin Posts: 2,284 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    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
    Freedommm Posts: 71 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    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
    masonic Posts: 27,267 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 23 June 2023 at 6:06PM
    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
    allegro120 Posts: 1,896 Forumite
    1,000 Posts Second Anniversary Name Dropper
    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.
  • MiserlyMartin
    MiserlyMartin Posts: 2,284 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    You're right I was jesting.  Government can take credit for times when things are going well but blame the BoE when they have lost control of inflation and they have to make difficult decisions, 'that's the bank -  not us'
  • RG2015
    RG2015 Posts: 6,054 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 23 June 2023 at 6:21PM
    soulsaver said:
    Ford Money Flexible Svr 4.05% wef 29th... allegedly 

    Not yet shown here: Flexible Savings Account - Easy access savings | Ford Money



    @soulsaver,

    It is on their Twitter page, although their grammar is a bit dodgy.


    Rate chasers, hold your horses

    We get it; you want to make your money is working as hard as possible, and so do we. That’s why we’re increasing our Flexible Saver rate on the 29th June to 4.05%!
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.