The Top Easy Access Savings Discussion Area

BooJewels

I occasionally encounter a discrepancy in my address and I think it's because RM don't include the county in my 'official' address and I live right on the border.  I'm just going out on foot to a town just under a mile away and will start my journey by crossing the road - over those 20 feet I will go into another county.  So some databases use the county I actually live in, some see that nearest town name in the address and put me in that county.

mebu60

Barkin said:

Just noticed that Shawbrook EA is now 4.93%

Look forward to my maturing Shawbrook 1 Yr Bond @ 3.26% dropping into the EA next week! 

metrobus

I am transferring a maturing bond with Charter Bank into an existing Easy Access issue 28 account, I have asked what interest would be applied expecting 4.8% since it’s an no longer available account, but they say 4.27% is this correct? Their current EA acc pays 4.5%Thank you.

mebu60

metrobus said:

I am transferring a maturing bond with Charter Bank into an existing Easy Access issue 28 account, I have asked what interest would be applied expecting 4.8% since it’s an no longer available account, but they say 4.27% is this correct? Their current EA acc pays 4.5%Thank you.

Issue 42, also NLA, remains at 4.55% rather than 4.8%. I have raised a formal complaint via secure message. They are considering what action to take! Others have done the same. Suggest you do similar unless Issue 28 was 4.02% previously in which case you would be better migrating to Issue 43 at 4.5%. If not you would expect an uplift to 4.52% as it's NLA. 

Zopa_Trooper

Shawbrook appear to be very competitive at the moment, there one-year ISA has just gone to the top of the MSE charts.

uptdale

Nick_C said:

TiVo_Lad said:,,,.

My point was that the Royal Mail Address Database IS correct. It's other organisation's inability to manage that data, and/or impose rules on the data that do not apply at the source, that is the issue. This may explain why some people have so many problems with electronic address verification.

It's correct, but not comprehensive.  It does however contribute to the National Address Gazeteer.  https://www.data.gov.uk/dataset/03d48dba-529b-4bd5-93a5-6d41d1b20ff9/national-address-gazetteer# 

You can check the National Address Gazetteer here: https://www.geoplace.co.uk/addresses-streets/address-data-and-services/findmyaddress  As far as I can see, it is accurate.  But I still find some banks and other organisations using the wrong address - even the UK Census in 2021 got our address wrong.  I put it down. to banks using an out of date version of the RM Address Database.  There can also be problems with organisations using foreign software which requires street names (not always required in the UK) and counties (never required in UK postal addresses).

gt94sss2

Family Building Society Online Saver 5 (NLA) increased to 4.8% effective 23 August 

boingy

Our neighbours named their house over 20 years ago but a postcode search lists them twice, once with a house name and once with a house number. Also, our district council has an extra line in our address. We live in a village fed by a narrow country road and the council have a name for road that no-one else knows or uses, not even Royal Mail! The village is 200 years old and that road name does not appear on any historic maps that we have seen. The letters get here regardless but I can see how computer systems might get confused.

mebu60

gt94sss2 said:

Family Building Society Online Saver 5 (NLA) increased to 4.8% effective 23 August 

Charter better sort themselves out pdq next week.

jak22

The list of lagging accounts deserves a news article of its own. How about Coventry - their 4 access NLA at 4.8% is behind the best instants and prob wont change until the next BoE in 4 weeks - their current 6 access is only 4.45%