The Top Easy Access Savings Discussion Area

flaneurs_lobster

Digital_Payback said:

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?

@AmityNeon answered this upthread I think

AmityNeon said:

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).

So I recon your (and my) £££s are earning sod-all until Monday. Interest rate in the app shows "null%".

flaneurs_lobster

Bridlington1 said:

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.  

How did you upset them? I've had two current accounts within three months of each other, both swapped elsewhere for bonuses. Still let me have the 5.22%.

jaypers

Metro Bank - Yes I know it’s all FSCS protected, so safe, but personally I’m not going near them at the moment. Still a few reports I’m reading that alarm me. 

flaneurs_lobster

jaypers said:

Metro Bank - Yes I know it’s all FSCS protected, so safe, but personally I’m not going near them at the moment. Still a few reports I’m reading that alarm me. 

It cannot possibly fail - their branches have dog drinking bowls.

pecunianonolet

AmityNeon said:

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.

True, best to apply on Sunday. Info about £1000 limit amended in my previous post

Bridlington1

flaneurs_lobster said:

Bridlington1 said:

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.  

How did you upset them? I've had two current accounts within three months of each other, both swapped elsewhere for bonuses. Still let me have the 5.22%.

I don't really know what I've done to annoy them to be honest. I've only ever had the one current account with them, which I opened in January 2023. I ordered a chequebook, switched a Halifax account to them when LBG gave me a lifetime ban and have used this account as one of my nominated accounts for my various savings accounts.

The only thing I can possibly think of is that the fact that as I'm a student, my income is very low, but have a large amount of savings and am very much a rate tart has led to my nominated accounts regularly seeing a large volume of money flowing through them relative to my income so that difference could have possibly spooked them? 

However if this is the reason for the lifetime ban then it's very concerning for me indeed since my Nationwide, Ulster, Santander, TSB and First Direct current accounts all now see similar numbers/volumes of transactions as Metro did and have most of them done so for a number of months. Unless I'm about to see the closure of most of my other current accounts, which to be honest the way my luck's going at the moment probably wouldn't surprise me, then there will probably be some other factor at play, the question is what?

pecunianonolet

Bridlington1 said:

flaneurs_lobster said:

Bridlington1 said:

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.  

How did you upset them? I've had two current accounts within three months of each other, both swapped elsewhere for bonuses. Still let me have the 5.22%.

I don't really know what I've done to annoy them to be honest. I've only ever had the one current account with them, which I opened in January 2023. I ordered a chequebook, switched a Halifax account to them when LBG gave me a lifetime ban and have used this account as one of my nominated accounts for my various savings accounts.

The only thing I can possibly think of is that the fact that as I'm a student, my income is very low, but have a large amount of savings and am very much a rate tart has led to my nominated accounts regularly seeing a large volume of money flowing through them relative to my income so that difference could have possibly spooked them? 

However if this is the reason for the lifetime ban then it's very concerning for me indeed since my Nationwide, Ulster, Santander, TSB and First Direct current accounts all now see similar numbers/volumes of transactions as Metro did and have most of them done so for a number of months. Unless I'm about to see the closure of most of my other current accounts, which to be honest the way my luck's going at the moment probably wouldn't surprise me, then there will probably be some other factor at play, the question is what?

Sad to hear you got another ban. Perhaps, in the interest of mitigating risk, it might make sense to slow down activities a bit for a while. Getting banned from other institutions might outweigh the benefit of a few pennies/pounds more interest? Or indeed, call them before you move larger sums to make them aware, offer source of funds info, etc. so you at least show them willingness of cooperation?

soulsaver

No Longer Available as at 10/11 Paragon Double Access Issue 4; 5.16% (£1k min) (03/11)***NLA 10/11***

Double Access Savings Account | Paragon Bank Iss5 - 5.05%

Rawrzy

I wonder if that £1000 withdraw limit is just for each individual withdrawal or cumulative for the day.

pokemaster

Re: Metro,
Don’t know if I can be bothered to fill in all my details again, why can’t it be in the app like the other 1% interest ones are?
Virgin was the same has to go through a different system don’t get why?