The Top Easy Access Savings Discussion Area

Doctor_Who

mayweather said:

So thinking of moving from shawbrook to raisin for the 4.12%.

are we likely to see from increases on Monday or should I just get this moved?

Is this the GB Bank 4.15% easy access account with Raisin? Just be aware it takes a day or two to make deposits and the same for withdrawals. I had this account a couple of months ago and ended up ditching it in favour of Chip. I'm OK with a day or two for deposits/withdrawals on fixed term accounts, but not so for easy access.

oz0707

oz0707 said:

Is there a way to transfer a balance from a Coventry limited access online saver to the four access saver without having to send it back to my trusted current account at a different bank? I've got both open now and trying to move the funds

I have sorted it you add a new payee to the existing account - it only lets you add a coventry account.

simon_or

oz0707 said:

Is there a way to transfer a balance from a Coventry limited access online saver to the four access saver without having to send it back to my trusted current account at a different bank? I've got both open now and trying to move the funds

Their blurb online suggests you can pay in from a CBS account but unsure if that's referring to the nominated account or any other CBS account that you hold

Bridlington1

simon_or said:

oz0707 said:

Is there a way to transfer a balance from a Coventry limited access online saver to the four access saver without having to send it back to my trusted current account at a different bank? I've got both open now and trying to move the funds

Their blurb online suggests you can pay in from a CBS account but unsure if that's referring to the nominated account or any other CBS account that you hold

I've just made my initial £1 deposit for the monthly version by transferring some interest I'd earned in one of my other Coventry accounts into it.

poppystar

oz0707 said:

oz0707 said:

Is there a way to transfer a balance from a Coventry limited access online saver to the four access saver without having to send it back to my trusted current account at a different bank? I've got both open now and trying to move the funds

I have sorted it you add a new payee to the existing account - it only lets you add a coventry account.

Took me a while to find that too when I did a similar move. Somehow I didn’t think it would be a new payee if I was transferring and like you it was trial and error finding how to do it.

janusd

mayweather said:

So thinking of moving from shawbrook to raisin for the 4.12%.

are we likely to see from increases on Monday or should I just get this moved?

i'll be moving some money out of Shawbrook on Monday too - though in my case, it will go to Cynergy @ 4.12% as withdrawals from them should be quick (whereas Shawbrook are next working day)... even if Shawbrook matched or slightly beat the Cynergy rate in the next few days, it's more convenient to have quicker access.
currently working my way through my list of EA accounts on Excel, marking withdrawals which are "instant" (for me that's less than an hour), same day (with cut off times) and next day.

jak22

Not only is Shawbrook next working day but the online balance seems to be debited straight away. If this is implies losing a day's interest then it would take 3 weeks for a 0.2% increase to break even - worth bearing in mind if Shawbrook respond to the last BoE rise soon after moving funds out.

Bark01

I notice the top 3 easy access accounts state they either pay interests annually or on the 1st of Jan but none of their T&C's / FAQ (from what i can see) cover what happens if I close the account prior to that. I.e. Open an account now and close in 4 months would I get 4 months of interest?
 
I was looking at GB bank, Principality BS, Cynergy bank. 

janusd

Bark01 said:

I notice the top 3 easy access accounts state they either pay interests annually or on the 1st of Jan but none of their T&C's / FAQ (from what i can see) cover what happens if I close the account prior to that. I.e. Open an account now and close in 4 months would I get 4 months of interest?
 
I was looking at GB bank, Principality BS, Cynergy bank. 

yes - certainly with the last two you get the interest paid upto the date of closure... I assume Raisin accounts will be the same (but I don't use Raisin).

Doctor_Who

Bark01 said:

I notice the top 3 easy access accounts state they either pay interests annually or on the 1st of Jan but none of their T&C's / FAQ (from what i can see) cover what happens if I close the account prior to that. I.e. Open an account now and close in 4 months would I get 4 months of interest?
 
I was looking at GB bank, Principality BS, Cynergy bank. 

I closed my GB Bank EA account with Raisin after only a month or so. The accrued interest does get credited to your Raisin account, but you have to wait until the start of the next month, which was ~2 weeks for me.