The Top Easy Access Savings Discussion Area

mebu60

janusdesign said:

Futuristic said:

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. 

I like Cynergy and ordinarily it would be my goto "instant" EA account - but their recent login issues and the Santander account meant that I moved a large chunk of its balance to Santander.

the opening/closure of new issues is pretty automated in the sense that it's just a couple of clicks - no big deal...

As well as Cynergy close and transfer being very straightforward, as has been pointed out many times before, there is also the benefit of accrued interest from the previous account(s) being crystallised and earning interest in the latest account. 

simonsmithsays

Yellowman said:

BBC News, 19 Sep 2023:

'The UK's latest inflation data for August will be released on Wednesday and is predicted to rise from 6.8% to 7%, after falling steadily in recent months.

The Bank of England has been raising rates in a bid to reduce inflation, and is expected to increase them again on Thursday, from 5.25% to 5.5%.'

The only thing I predict is that these very clever and highly paid economists will be wrong with their figures.

Thumbs_Up

Window of opportunity to take money out from NS&I one year fixed at 6.2% and move to another better paying bond. We shall see.

liamcov

York BS - I didn't use the reference number, what will happen to my transfer?

Bigwheels1111

liamcov said:

York BS - I didn't use the reference number, what will happen to my transfer?

Call them at 09.00am tomorrow.
They should be able to track it down.
I must admit while trying to set this up I almost missed it.
I got the other half to read back the details one by one.
Found my mistake.

MDMD

simonsmithsays said:

Yellowman said:

BBC News, 19 Sep 2023:

'The UK's latest inflation data for August will be released on Wednesday and is predicted to rise from 6.8% to 7%, after falling steadily in recent months.

The Bank of England has been raising rates in a bid to reduce inflation, and is expected to increase them again on Thursday, from 5.25% to 5.5%.'

The only thing I predict is that these very clever and highly paid economists will be wrong with their figures.

https://www.theguardian.com/business/2023/sep/20/uk-inflation-fuel-prices-interest-rates

Official measures show  inflation dropped slightly in August so the earlier guesses were wrong.

Bridlington1

@soulsaver
Shawbrook EA Issue 36 now 5.02% (£1k min).

Eirambler

Expect we'll still get the 0.25% rise at the next meeting, but probably softer language about anything beyond that after those inflation numbers.

Sg28

Eirambler said:

Expect we'll still get the 0.25% rise at the next meeting, but probably softer language about anything beyond that after those inflation numbers.

Odds of a 25bp rise have dropped from 80% to 55% 

cloud_dog

Bridlington1 said:

@soulsaver
Shawbrook EA Issue 36 now 5.02% (£1k min).

I really like Shawbrook, but sometimes I wish they'd stop feking about with piddle rises!