The Top Easy Access Savings Discussion Area

friolento

Has anyone seen anything further about the Zopa Prize Draw? I didn't get an email or a notification in the app. Is it open to all or by invitation only?

Barkin

BreakingGlass said:

SeriousHoax said:

Zopa has updated their app .

... but not their EA interest rates 🙁

Fixed that for ya  

Their EA cash ISA's pretty good at the mo'

flaneurs_lobster

friolento said:

Has anyone seen anything further about the Zopa Prize Draw? I didn't get an email or a notification in the app. Is it open to all or by invitation only?

The T&Cs are here. Seems it's open to all, I've assumed so and chucked a tenner at it for the last two weeks

https://www.zopa.com/smart-saver-christmas-prize-draw-2023-terms-and-conditions

pokemaster

Metro Bank Instant Access Savings Account

5.22% (yearly compounded) 5.10% (Monthly)

From 10 November 2023, open a new account and deposit at least £500 within 28 days to earn a Limited Edition Rate (variable). If you don’t do this, you’ll receive our Standard Variable Rate of 1.65% AER*/1.64% Gross (variable)...... for 12 months

https://www.metrobankonline.co.uk/savings/products/instant-access-savings/

EDIT: Can't find it on the app/logging into account online and when trying to get it through the website seems like you have to sign up to them all over again, even though I have a current account?

pecunianonolet

pokemaster said:

Metro Bank Instant Access Savings Account

5.22% (yearly compounded) 5.10% (Monthly)

From 10 November 2023, open a new account and deposit at least £500 within 28 days to earn a Limited Edition Rate (variable). If you don’t do this, you’ll receive our Standard Variable Rate of 1.65% AER*/1.64% Gross (variable)...... for 12 months

Looks like the new Columbian majority shareholder who pumped many millions into the bank wants to see some returns now and liquidity is needed to keep the lending business going.

https://www.theguardian.com/business/2023/oct/10/who-is-the-colombian-billionaire-taking-a-high-stakes-punt-on-metro-bank


T&C's to be read carefully: 
https://www.metrobankonline.co.uk/globalassets/documents/customer_documents/personal/instant-access_savings-account_important-information-summary.pdf

• Instant access only up to £1000 cash withdrawals, otherwise 1 day notice
  

• Only specifies £500 to reach headline rate, doesn't say minimum balance has to remain £500. You can pay in £500 and take out £499 if you just want the account

• If you pay £500 in, the headline rate will apply from the following day, so first day the insulting rate of 1.65% AER only

New interesting ISA rates also available.

AmityNeon

Cheeky. Metro Bank launches this offering today on a Friday, but the earliest the Limited Edition rate can apply is from Monday, as closing balances aren’t assessed on Fridays or Saturdays (for purposes of eligibility).

The £1000 limit is specific to cash withdrawals, not Faster Payments.

george4064

Having seen Shawbrook released a new EA savings account issue, I was thinking I should message them to convert my issue 36 to the new one until I realised that the new issue (37) has a lower rate. Just a warning to others to double check first!

flaneurs_lobster

pokemaster said:

Metro Bank Instant Access Savings Account

EDIT: Can't find it on the app/logging into account online and when trying to get it through the website seems like you have to sign up to them all over again, even though I have a current account?

As you say, have to go through full signup details. Did find that my online/app logons are still valid (and show new account) even after a year of no open Metro accounts. 

Bridlington1

pokemaster said:

Metro Bank Instant Access Savings Account

5.22% (yearly compounded) 5.10% (Monthly)

From 10 November 2023, open a new account and deposit at least £500 within 28 days to earn a Limited Edition Rate (variable). If you don’t do this, you’ll receive our Standard Variable Rate of 1.65% AER*/1.64% Gross (variable)...... for 12 months

https://www.metrobankonline.co.uk/savings/products/instant-access-savings/

EDIT: Can't find it on the app/logging into account online and when trying to get it through the website seems like you have to sign up to them all over again, even though I have a current account?

Well it's nice to know my knack for timing is still alive and well. Metro have launched their 5.22% EA account about a week after closing my Metro current account and giving me a lifetime ban in the process.  

Digital_Payback

Just opened a Metro Instant Access account.  

Does anybody know how I find the interest rate on the app. 

I haven’t funded the full £500 but the info with the account states that the interest rate should be visible online and on the mobile. 

I’d expect to see their regular rate of 1.65% at present, until funded with the full £500. 

I can’t see it! Anyone help?