The Top Easy Access Savings Discussion Area

tg99

BestSeagull said:

Are people just leaving their Edge Current Account completely empty? I'm tempted to put in just a bit to cover the £3 fee "just in case" even though I don't intend to put in £500 a month or set up any direct debits, so shouldn't be charged in the first place.

That’s what I did for the Lite account - put in initial £2 to cover £2pm fee just incase and still sitting there untouched a few years later.

Middle_of_the_Road

Mr._H_2 said:

Any guesses how long this "no fee on Edge account with no DDs, but you can still have the market-smashing savings rate" loophole is going to last?

Paraphrasing from an earlier post a few pages back....

They do say they can convert your account to a non fee paying account if they feel the account is no longer suitable for you. 

FindingBBob

Ford Money keep chugging away - going to 4.75% next Thursday according to their twitter/X

aaj123

FindingBBob said:

Ford Money keep chugging away - going to 4.75% next Thursday according to their twitter/X

They haven't shown the same keenness in keeping their ISA competitive.

Wheres_My_Cashback

Rollinghome said:

janusdesign said:

aaj123 said:

What do people feel about Oxbury vs Shawbrook for the 4.8%. The latter has only 'next day withdrawals'.

FWIW, my preference for the 4.8%+ accounts would be...

1. Cynergy
2. Oxbury
3. Shawbrook

Cynergy withdrawals are quick in my experience, Oxbury is same working day if before 1pm and Shawbrook is next working day before 9:30pm... if you have any of the NLA Coventry 4.8% accounts, then they would be next working day too.

i'm not planning on moving any more into my Shawbrook account because of this recent rate rise.

A bugbear for me with Cynergy was that they had a withdrawal limit of just £10k.  So, if that's still the case, and it might have improved, becomes a major operation if you've £85k to pull out or want a decent sum urgently.

That aside, as Cynergy is annual interest and Oxbury monthly, by a small margin, I'd prefer Cynergy for reasons discussed (at enormous length) earlier in this topic.

Been with Cynergy since they took over Bank of Cyprus UK, 2017/18 ?

There has never been a £10K restriction on movement in that time

Over the years I would have moved in excess of £10K dozens of times without hitch.

mebu60

FindingBBob said:

Ford Money keep chugging away - going to 4.75% next Thursday according to their twitter/X

Excellently timed post, thank you. Was about to cull Ford into Aldermore. That fate may now fall on Skipton. Unless my Charter Issue 42 is still showing 4.55% tomorrow rather than the 4.8% I was expecting it to become today. 

jaypers

mebu60 said:

FindingBBob said:

Ford Money keep chugging away - going to 4.75% next Thursday according to their twitter/X

Excellently timed post, thank you. Was about to cull Ford into Aldermore. That fate may now fall on Skipton. Unless my Charter Issue 42 is still showing 4.55% tomorrow rather than the 4.8% I was expecting it to become today. 

Charter have increased everything up to Issue 41 only. Funny that, they said they would increase all ‘no longer on sale’ accounts. 

BestSeagull

infoadict said:

Santander Edge Account - just tried opening this and also received the email saying we think you are an existing customer and you will need to send in photocopies of documents etc. etc.

Been a customer for over 10 years, so called them, as a previous poster had suggested. After 47 minutes on the phone, sure enough there had been a mismatch with my application details and my existing details. When questioned what the mismatch was, it turned out to be a comma in the address line!!!!. It's their damn system that generates the address, not something I'd typed incorrectly.

Hopefully this will be corrected overnight and I'll no longer have 2 profiles.

Oh, and applied via the app and it didn't automatically add my details, as had been suggested earlier by someone

You might not need to wait until tomorrow. I've just checked my account and the Edge current account has appeared already so I'm hopefully going to be able to open the Edge saver now.
Sorry for the misinformation about the app, I was just repeating what the customer service guy told me.

@Stargunner

mebu60

jaypers said:

mebu60 said:

FindingBBob said:

Ford Money keep chugging away - going to 4.75% next Thursday according to their twitter/X

Excellently timed post, thank you. Was about to cull Ford into Aldermore. That fate may now fall on Skipton. Unless my Charter Issue 42 is still showing 4.55% tomorrow rather than the 4.8% I was expecting it to become today. 

Charter have increased everything up to Issue 41 only. Funny that, they said they would increase all ‘no longer on sale’ accounts. 

Issue 42 is NLA, current issue is 43 @ 4.5%. I will follow up. 

Rollinghome

Wheres_My_Cashback said:

Rollinghome said:

janusdesign said:

aaj123 said:

What do people feel about Oxbury vs Shawbrook for the 4.8%. The latter has only 'next day withdrawals'.

FWIW, my preference for the 4.8%+ accounts would be...

1. Cynergy
2. Oxbury
3. Shawbrook

Cynergy withdrawals are quick in my experience, Oxbury is same working day if before 1pm and Shawbrook is next working day before 9:30pm... if you have any of the NLA Coventry 4.8% accounts, then they would be next working day too.

i'm not planning on moving any more into my Shawbrook account because of this recent rate rise.

A bugbear for me with Cynergy was that they had a withdrawal limit of just £10k.  So, if that's still the case, and it might have improved, becomes a major operation if you've £85k to pull out or want a decent sum urgently.

That aside, as Cynergy is annual interest and Oxbury monthly, by a small margin, I'd prefer Cynergy for reasons discussed (at enormous length) earlier in this topic.

Been with Cynergy since they took over Bank of Cyprus UK, 2017/18 ?

There has never been a £10K restriction on movement in that time

Over the years I would have moved in excess of £10K dozens of times without hitch.

The problem may be that they've got a lot of old documents lying around that may or may not still be valid and don't make it sufficiently clear to which accounts they relate.

See post by BestSeagull : https://forums.moneysavingexpert.com/discussion/comment/80241878/#Comment_80241878

And https://www.cynergybank.co.uk/support/faqs/online-banking-faqs/

Which says
Q. What are the online limits?
The standard daily user limit for Personal users is £10,000 (subject to available funds).
The standard daily user limit for Business users is £50,000 (subject to available funds).
Please call Customer Service if you have any queries about limits on Online Banking.

And is presumably referring to current accounts?

I used them up until a few years back when they managed to forget to action a next day withdrawal, and then forgot again after I called them. Took several days in the end. Very nice staff etc, but a little disorganised.

Thought I'd give them another try. I assume you've found them ok?