The Top Easy Access Savings Discussion Area

UncleK

Barkin said:

Just noticed that Shawbrook EA is now 4.93%

I notice they say "Next working day access to your funds if withdrawn online before 9:30pm". That's an improvement, isn't it - didn't it used to be notice by 2:30pm?

Barkin

I think it's 2:30pm for telephone withdrawals

It's always been 9:30pm for online withdrawals since I've used them. 

BreakingGlass

Barkin said:

Just noticed that Shawbrook EA is now 4.93%

Oh yes, and monthly now 4.82%.  No change of issue number - mine still on 36.

Donegal_Paul

Hi all, I've just noticed the TSB are offering a monthly saver account with 5% interest rate (£25 minimum deposit) 
The 5% is fixed for a year, pay in £25 to £250 a month but after a year it stops the 5% and converts to only 1.35%
It's instant access and you already need to have a current account. Hope it helps someone.

KevinG

Barkin said:

Just noticed that Shawbrook EA is now 4.93%

That will put it at number 2 on the MSE listings.

Freedommm

Re. Ford Money. I opened the account a few weeks ago and after fully funding it received request to send in proof of ID and UK residence. They insisted it be done via postal mail, any bank statement must be original (not printed PDF). I complied with everything they wanted, had to pay money for courier to deliver bank statement etc.
Sent them the lot, and they are still unhappy, saying it wasn't good enough.
I don't know what their problem is, but stay away from Ford Money, or they'll be pestering you with impossible requests.
Now, my understanding is, I can't "withdraw" funds, however, if need be - they'll simply return everything to my account used for deposit in any case. Therefore, same as a full withdrawal. Unless, they decide to do so without asking me.
You've been warned. Stay away from Ford Money! 

Wheres_My_Cashback

Donegal_Paul said:

Hi all, I've just noticed the TSB are offering a monthly saver account with 5% interest rate (£25 minimum deposit) 
The 5% is fixed for a year, pay in £25 to £250 a month but after a year it stops the 5% and converts to only 1.35%
It's instant access and you already need to have a current account. Hope it helps someone.

It’s a now poor Regular Saver that’s been around for a long time and not an Easy Access a/c so not for this thread, though you can make withdrawals/close.

BooJewels

Freedommm said:

Re. Ford Money. I opened the account a few weeks ago and after fully funding it received request to send in proof of ID and UK residence. They insisted it be done via postal mail, any bank statement must be original (not printed PDF). I complied with everything they wanted, had to pay money for courier to deliver bank statement etc.
Sent them the lot, and they are still unhappy, saying it wasn't good enough.
I don't know what their problem is, but stay away from Ford Money, or they'll be pestering you with impossible requests.
Now, my understanding is, I can't "withdraw" funds, however, if need be - they'll simply return everything to my account used for deposit in any case. Therefore, same as a full withdrawal. Unless, they decide to do so without asking me.
You've been warned. Stay away from Ford Money! 

There's clearly an issue with your address, as you've previously posted about 'using another address I have' and having address issues with at least 3 savings organisations.  So it might serve you better going forwards to find out why it's tripping up and if there's a discrepancy, rather than blame the organisations, so there is consistency in your identity and you can use it with confidence.  

I have 2 examples recently where a small error/difference caused ID issues - my son lived in a flat and occasionally encountered issues getting his ID verified etc. and it turned out he was using the address "Flat 7" but he was on some database as "Apartment 7" - once he started using that instead, it all sorted itself out.  Similarly, my parents house had a house name and street number - some databases used the house name as the top line, others just omitted it - and a few times I had to double check or advise that might be the case - or got 'address not recognised' etc. and I found it would appear at the bottom of address lists as the name started with a letter not a number.

TiVo_Lad

The problem too often is lack of consistency. I suspect no single address database is 100% accurate, but if everyone used the Royal Mail database, at least everything would be consistent. Yes I am sure there are plenty of errors there too, but it's a baseline that everyone can use.

For 20 years I've lived in two rural houses whose address consisted of:

House Name
Village Name
Postal Town
Postal Code

You'd be amazed by the number of systems (presumably written by urbanised techies) who made "Street Name" a mandatory field. Not helpful when you don't have one. Or where correspondence turns up addressed to:

House Name Village Name
Postal Town
Postal Code

Because clearly the system assumed everyone lives at "1 High Street" so they stick the data in the fields that suits their design.

Then of course there's those that give you an address lookup and then the address you select (which they offered) doesn't meet their mandatory field requirements!

Newcastle Building society (and all that use the same crappy system, such as Ford, Charter etc), where you enter

House Name
Village Name
Postal Town
Postal Code

And the correspondence turns up addressed to:

House Name
Village Name
Postal Code

Luckily, in both cases the local postie is able to decipher these mangled addresses and get it to the right place.

Rant over..

BestSeagull

Donegal_Paul said:

Hi all, I've just noticed the TSB are offering a monthly saver account with 5% interest rate (£25 minimum deposit) 
The 5% is fixed for a year, pay in £25 to £250 a month but after a year it stops the 5% and converts to only 1.35%
It's instant access and you already need to have a current account. Hope it helps someone.

@Donegal_Paul As mentioned, this is no longer a competitive account, but if you pop over to the thread linked below, you'll find discussion on the current best regular savers.

https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p932