The Top Easy Access Savings Discussion Area

oz0707

janusdesign said:

@soulsaver
Secure Trust Bank Access Account (Issue 9) - 5.10% (£1 - £250,000) is now NLA and replaced by...
Secure Trust Bank Access Account (Issue 10) - 5.00% (£1 - £250,000) - so drops out of your top 10.

the t&c I posted previously about Issue 9 also apply to Issue 10... the rate on my existing Issue 9 has not changed and ST would give 14 days notice if they intended to lower it.

for anyone who opened the account on Friday (certainly late afternoon / evening), it might be worth checking that you opened Issue 9 at the 5.10% rate.

Zaul22 said:

The Secure Trust App is new as well I think. They never had one a few months ago when their account was briefly year the top of the list. 

I got an email from them about it's launch last month - weird thing about the app is that it doesn't show previous Issues of the Access Account as closed - you literally can't tell any difference between a closed and open account... but when logging into the site, closed accounts show as red.

Cynergy Bank Online Easy Access Account (Issue 69) - 5.10% (including 1.10% bonus) - £1 to £1,000,000
I assume Issue 68 @ 5.15% is NLA.

i'll also mention in passing that there is a Paragon Bank Double Access Savings Account - Issue 5 paying 5.05%, but it currently wouldn't make the top 10.

If we have existing Cynergy 68 at 5.15% is this rate staying the same for now?

janusdesign

oz0707 said:

janusdesign said:

@soulsaver
Secure Trust Bank Access Account (Issue 9) - 5.10% (£1 - £250,000) is now NLA and replaced by...
Secure Trust Bank Access Account (Issue 10) - 5.00% (£1 - £250,000) - so drops out of your top 10.

the t&c I posted previously about Issue 9 also apply to Issue 10... the rate on my existing Issue 9 has not changed and ST would give 14 days notice if they intended to lower it.

for anyone who opened the account on Friday (certainly late afternoon / evening), it might be worth checking that you opened Issue 9 at the 5.10% rate.

Zaul22 said:

The Secure Trust App is new as well I think. They never had one a few months ago when their account was briefly year the top of the list. 

I got an email from them about it's launch last month - weird thing about the app is that it doesn't show previous Issues of the Access Account as closed - you literally can't tell any difference between a closed and open account... but when logging into the site, closed accounts show as red.

Cynergy Bank Online Easy Access Account (Issue 69) - 5.10% (including 1.10% bonus) - £1 to £1,000,000
I assume Issue 68 @ 5.15% is NLA.

i'll also mention in passing that there is a Paragon Bank Double Access Savings Account - Issue 5 paying 5.05%, but it currently wouldn't make the top 10.

If we have existing Cynergy 68 at 5.15% is this rate staying the same for now?

yes I just checked mine and it is still at 5.15% - it's worth noting, for future reference, that Cynergy will give you 14 days notice before any interest rate drop (assuming you have £100+ in the account).

If we change the interest rate to your advantage we may make the change immediately and will notify you within 30 days of it taking effect.

Where we make a change to the interest rate that is not to your advantage, and you hold a balance of £100 or more, we will notify you 14 days before the change takes effect.

soulsaver

ToTP: Top ranked-by-rate Easy(ish) Access Top 10. For original doc and more info. click link in my signature box.

Links & availability checked as at 13.20 24/11/23

Note: Gatehouse EA 5.23% EPR appears to be still available(25/11) restricted to existing customers.. Note, you can easily become an existing customer.. 

1 Metro Bank Limited Edition Instant Access  5.22% (10/11) **Risk? Note discussion here.**

2 Ulster Bank Loyalty Svr  5.20% £5k+ (29/09)

3 Hampshire Trust Bank Online E A  (Iss15) - 5.15% (13/11)

4 Close Brothers EA  5.15% £10k min (26/10).

5 Beehive Limited Issue 5.15% (inc 1st yr bonus). £1k min opening (07/11)

6 Skipton BS Single Access 5.15% £15kmin (13/10)

7 Cahoot Simple Saver 5.12% (09/10)

8 Virgin Money Defined Access E-Saver issue 19  'Tri' 5.12% (04/10)

9 Cynergy Online EA iss 69  5.10 % (24/11)

10 Yorkshire BS Loyalty Six Access  5.10% (04/10)

Bazzalona13295

Just had an e-mail off Santander, I knew my 7% EA was finishing in 2 months time anyway, but they've given me the new rates.

Strangely (I think) it says the current rate is 6.78%
Obviously the monthly interest rate.
For some reason I thought the difference was less.

New rate will be 4.41% apparently. 
Which is when I empty the thing.

AmityNeon

Bazzalona13295 said:

Just had an e-mail off Santander, I knew my 7% EA was finishing in 2 months time anyway, but they've given me the new rates.

Strangely (I think) it says the current rate is 6.78%
Obviously the monthly interest rate.
For some reason I thought the difference was less.

New rate will be 4.41% apparently. 
Which is when I empty the thing.

4.41% gross is just the rate without the bonus. Others have reported being able to close their current/expiring Edge Savers and apply for another, effectively renewing the bonus for another 12 months.

1spiral

Anyone else deposited funds with Metro Bank(to meet £500 minimum balance to meet limited edition rate eligibility criteria on easy access account)  over the weekend only to find that their interest rate is still stuck at 1.64% and not raised to 5.23%?

T&Cs clearly state that closing balance on Sunday will form eligibility of rate from Monday.

flaneurs_lobster

1spiral said:

Anyone else deposited funds with Metro Bank(to meet £500 minimum balance to meet limited edition rate eligibility criteria on easy access account)  over the weekend only to find that their interest rate is still stuck at 1.64% and not raised to 5.23%?

T&Cs clearly state that closing balance on Sunday will form eligibility of rate from Monday.

From memory the rate shown was updated on the Tuesday following an initial fund over a weekend.

And it will show as 5.10 APR but that's just another "quirk" of this, er, stressed bank.

soulsaver

1spiral said:

Anyone else deposited funds with Metro Bank(to meet £500 minimum balance to meet limited edition rate eligibility criteria on easy access account)  over the weekend only to find that their interest rate is still stuck at 1.64% and not raised to 5.23%?

T&Cs clearly state that closing balance on Sunday will form eligibility of rate from Monday.

It's rate is 5.22% but 5.23% may still be available at Gatehouse.
'Monday' has quite a while left.

1spiral

soulsaver said:

1spiral said:

Anyone else deposited funds with Metro Bank(to meet £500 minimum balance to meet limited edition rate eligibility criteria on easy access account)  over the weekend only to find that their interest rate is still stuck at 1.64% and not raised to 5.23%?

T&Cs clearly state that closing balance on Sunday will form eligibility of rate from Monday.

It's rate is 5.22% but 5.23% may still be available at Gatehouse.
'Monday' has quite a while left.

Agree but I was rather hoping that I could transfer funds from another account today but won't do that until I can see the correct rate (even if I had given myself a 0.01% bonus)

I will wait till tomorrow now.

Zopa_Trooper

I've done exactly that today after opening yesterday. My interest rate yesterday was "null", today 5.1%. I never saw 1.64% at all.