The Top Easy Access Savings Discussion Area

gwapenut

Off topic, but I'm going there anyway in response to the above comment from @RichTips. Do we still need to keep certificates of interest for 7 years, or can we just add up interest in a spreadsheet.

soulsaver

Coventry BS Triple Access (OL) iss3 - 5.08% (21/02) - replaces iss2 ***NLA*** 5.15% 

Thanks @Bridlington1

Bridlington1

soulsaver said:

Coventry BS Triple Access (OL) iss3 - 5.08% (21/02) - replaces iss2 ***NLA*** 5.15% 

Was first mentioned in this thread yesterday:
https://forums.moneysavingexpert.com/discussion/comment/80610159/#Comment_80610159

soulsaver

Bridlington1 said:

soulsaver said:

Coventry BS Triple Access (OL) iss3 - 5.08% (21/02) - replaces iss2 ***NLA*** 5.15% 

Was first mentioned in this thread yesterday:
https://forums.moneysavingexpert.com/discussion/comment/80610159/#Comment_80610159

Yep - but the link wasn't active then, so.... I didn't update the ToTP until today..

masonic

gwapenut said:

Off topic, but I'm going there anyway in response to the above comment from @RichTips. Do we still need to keep certificates of interest for 7 years, or can we just add up interest in a spreadsheet.

They are issued to help you complete your tax return. HMRC has access to better data, but the best data will be that which you compile yourself, correctly accounting for things like interest arising or not, and including figures from institutions or services who do not issue certificates and/or report to HMRC, or those who do not issue in respect of accounts closed before the end of a tax year.

ranciduk

I got an email from shawbrook saying they are reducing the rate on my EA account on 5th March

in the email it says “what next?” And the goes on to say I can move my money to another of their accounts or just move all the money out and close the account

i don’t want to do either of those! The rate is still good and I just want to keep my money where it is

I know this is a silly question but if I do nothing will my account just stay open , but at the new rate?

cos the email doesn’t really say that specifically 

I know I should be asking Shawbrook this but I don’t want to faff around waiting days for an answer to a secure message

allegro120

ranciduk said:

I got an email from shawbrook saying they are reducing the rate on my EA account on 5th March

in the email it says “what next?” And the goes on to say I can move my money to another of their accounts or just move all the money out and close the account

i don’t want to do either of those! The rate is still good and I just want to keep my money where it is

I know this is a silly question but if I do nothing will my account just stay open , but at the new rate?

cos the email doesn’t really say that specifically 

I know I should be asking Shawbrook this but I don’t want to faff around waiting days for an answer to a secure message

According to your description of the message I think if you do nothing your account will stay opened. Banks have to notify you if they are closing your account.

ranciduk

Ah should be ok then 

I think they should have added a third suggestion I.e. “if you are happy to keep the account open you don’t need to do anything”

thanks!

soulsaver

ToTP (link in my signature box if you don't know what we're talking about...)

I'm about to delete the 'NLA' list prior to January. 
If anyone needs to make a copy for their records, they've got a couple of days...

Ed

MSE_JC

ranciduk said:

I got an email from shawbrook saying they are reducing the rate on my EA account on 5th March

in the email it says “what next?” And the goes on to say I can move my money to another of their accounts or just move all the money out and close the account

i don’t want to do either of those! The rate is still good and I just want to keep my money where it is

I know this is a silly question but if I do nothing will my account just stay open , but at the new rate?

cos the email doesn’t really say that specifically 

I know I should be asking Shawbrook this but I don’t want to faff around waiting days for an answer to a secure message

Hi @ranciduk

Shawbrook have been in touch with us to offer this reply to your question:

"There’s no action required if the customers want to just to go on the new rate."