The Top Easy Access Savings Discussion Area

molerat

bob69 said:

I'm in an identical position, I also applied online, & received a confirmation notification a few hours before the deadline closed at midnight last week.
I believe I may have figured it out though. The Santander mobile banking app doesn't appear to show any interest rates, but when I logged in on the website, & clicked 'Easy Access Saver' on the 'My Accounts' section, it has 2 interest rate options:
It clearly displays an interest rate of 5.08% on the right hand side of the same page, (because when opening the account, I selected monthly, rather than annual interest)  - I believe the annual interest rate is around 5.25%. 
Underneath that, (underlined in red) is a link to 'Find your interest rate' which seems to direct you to the current interest rate if you applied after the deadline. Maybe this is where you were getting confused? I sincerely hope that I'm right, & we're both receiving the higher rate. 

The app shows the interest rate under the account balance and above the transactions, mine shows 5.08%.

The in red link on the web page is purely a link to a page showing all interest rates so you can look up interest rates that may apply to your account.

schiff

Would someone please do a check for me:
Santander Edge Saver
Interest credited 17/9 £14.01
Balance 16/8 £400
Balance 17/8 £1000
Balance 1/9 £4000
I think I've been shortchanged - more than a few pence.
TIA

MisterMotivated

Based on 16 August - 15 September, my calculations work out at £14.01

BooJewels

@schiff - a quick, back of an envelope, sum gives me £14.46.

Apologies, I also get it to £14.01 - I was mis-remembering the 7% as gross, when worked out at 6.78% gross, it does indeed come to £14.01.

flaneurs_lobster

schiff said:

Would someone please do a check for me:
Santander Edge Saver
Interest credited 17/9 £14.01
Balance 16/8 £400
Balance 17/8 £1000
Balance 1/9 £4000
I think I've been shortchanged - more than a few pence.
TIA

£13.99 (think I truncated rather than rounded)

schiff

I'm not normally in the habit of checking interest payments to the penny but for some reason I checked this!
Back to the normal routine then 
Thanks all.

gwapenut

10_66 said:

Gatehouse, Easy Access increases to 4.89% (think this works out as 5% AER).

What's the minimum balance on Gatehouse? Their KPI download mentions £1000 but the html web intro says £1

SJMALBA

gwapenut said:

10_66 said:

Gatehouse, Easy Access increases to 4.89% (think this works out as 5% AER).

What's the minimum balance on Gatehouse? Their KPI download mentions £1000 but the html web intro says £1

£1 - just checked my account, which has had £1 in it for the past few months, and the new rate is showing.

mebu60

How rude of Cynergy! Returned from holiday last night with one of my tasks this morning to close and transfer Issue 65 to Issue 66 at 5.0% (yes, I'm sad enough to keep an eye on these things while away) only to find it's now Issue 67 at 4.95%. Hope this isn't indicative of a general reverse in the direction of travel. See what Thursday brings. 

Futuristic

mebu60 said:

How rude of Cynergy! Returned from holiday last night with one of my tasks this morning to close and transfer Issue 65 to Issue 66 at 5.0% (yes, I'm sad enough to keep an eye on these things while away) only to find it's now Issue 67 at 4.95%. Hope this isn't indicative of a general reverse in the direction of travel. See what Thursday brings. 

I'm still confused why people stick around with Cynergy? Don't you have to open and close issues manually? 

Tandem is at 5% right now and very easy to use for example.