The Top Easy Access Savings Discussion Area

auser99

gt94sss2 said:

auser99 said

Is it tomorrow (22nd) that the 5.22% (5.1% for monthly interest) drops?

Yes, though the 22nd is today not tomorrow 

Apologies my mistake, losing track of the days. Not helped by looking in my metro online app and it still says the 5.1% interest level too!

ColdIron

Yes mine as well

Bridlington1

Paragon Bank (via raisin) Rainy Day 2024 Easy Access Account 5% (£10k min)

allegro120

ColdIron said:

I plan to remove all but £5 today or tomorrow and move it to the Chase Boosted Rate Saver or the Santander 5.20% one but I'll keep this as the new 4.97% rate may have its day in the sun again

I've removed most money at weekend and attempted to remove the remaining 10k from this account this morning.  The payment was blocked.  I received e-mail from Fraud saying 'While we look into this your account will be restricted, no debits will be allowed. Credits may still be accepted into the account and held until the block is removed' and asking me to e-mail them explanation of 5 deposits I've made in March and to attach documents supporting these payments.  It wasn't very clear what exactly they want to see so I sent them various savings and current accounts statements from 4 different banks and my pension payslip.  This worked, they replied within 30 minutes and the ban was lifted..... Sharing this in case somebody else get picked by Metro Fraud - their Fraud is not as bad as I thought it would be (email said it can take up to 3 days to review).

Zopa_Trooper

You're best setting up just one withdrawal account with Metro (probably others too) then money coming out is a simple transaction. Emptied mine today, still have the 5.2 Santander for now but the 5.1% easy access ISA with CHIP is my main "savings" account now.

cadguy77

Bridlington1 said:

Paragon Bank (via raisin) Rainy Day 2024 Easy Access Account 5% (£10k min)

Just to add, minimum deposit amount is £1000 per transaction, minimum withdrawal amount is £500 per transaction.

Bridlington1

@soulsaver
Close Brothers Savings Easy Access Account Issue 3 5.00% £10k min NLA

allegro120

Zopa_Trooper said:

You're best setting up just one withdrawal account with Metro (probably others too) then money coming out is a simple transaction. Emptied mine today, still have the 5.2 Santander for now but the 5.1% easy access ISA with CHIP is my main "savings" account now.

There is only one external withdrawal account at a time allowed with Metro IA.  Also you can't change it more than three times a month.

FIREmenow

Hi all, 
Just wondering what people's strategy is when rates are slowly going down? 

Do you open new (lower rate) EA accounts/new issue numbers in case these become the best rates left in the future? Or when there's a cut does it tend to be applied to several issues at once?

Apart from reg savers, I've got the Santander Edge Saver, Cahoot Sunny, then a couple of triple access accounts and one easy access all between 5.0-5.15%

I also have the secure trust one year bond at 5.25% - need to decide how much to lock away soon.

I'm late to the game so these were all opened since late January. Not sure if I should keep opening accounts speculatively for the future. 1 I'd be interested to hear your plans and any thoughts on which providers have been best as interest rates fall in the past (if there is ever a pattern, and recognising that no one has a crystal ball!).

Thanks all.

Johnny-Cage

Where is everyone thinking of moving to when the rates drop on the Santander account