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The Top Easy Access Savings Discussion Area

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  • CuparLad said:
    Cynergy Bank Easy Access Saver Issue 68 (currently 5.15% and NLA) is reducing to 5.0% from 27th June 2024. The bonus stays the same, but the underlying rate is reducing from 4.0% to 3.85%. Source: eMail received this afternoon.
    Anyone received an email on this yet?
  • CuparLad
    CuparLad Posts: 149 Forumite
    100 Posts First Anniversary Name Dropper
    Have you checked your Spam Folder?

  • 1spiral
    1spiral Posts: 312 Forumite
    100 Posts First Anniversary Name Dropper
    edited 6 June 2024 at 4:04PM
    CuparLad said:
    Cynergy Bank Easy Access Saver Issue 68 (currently 5.15% and NLA) is reducing to 5.0% from 27th June 2024. The bonus stays the same, but the underlying rate is reducing from 4.0% to 3.85%. Source: eMail received this afternoon.
    Anyone received an email on this yet?

    No, I was going to wait until tomorrow and post the same message. And I have checked my spam.
  • tg99
    tg99 Posts: 1,258 Forumite
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    I’ve not got the Cynergy email either.
  • janusdesign
    janusdesign Posts: 1,036 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    CuparLad said:
    Cynergy Bank Easy Access Saver Issue 68 (currently 5.15% and NLA) is reducing to 5.0% from 27th June 2024. The bonus stays the same, but the underlying rate is reducing from 4.0% to 3.85%. Source: eMail received this afternoon.
    Anyone received an email on this yet?
    I never received it either (had over the £100 balance that should trigger it) - though if they need to give at least 14 days notice, then they have until the 13th to send the emails.. I assume they're being sent in batches.

    in any event, I took the opportunity to close the account and ultimately move the balance to one of my 5.2% accounts, and just so I have an active account with them, I threw £1 into a new 4.85% account (yeah I know I could have kept £1 @ 5%, but closing it gave me the interest and the bonus would have ended in a few months anyway)... I got the initial deposit email quickly, so those emails are coming through without issue.
  • SeriousHoax
    SeriousHoax Posts: 323 Forumite
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    I received mine yesterday.
  • MiserlyMartin
    MiserlyMartin Posts: 2,284 Forumite
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    CuparLad said:
    Cynergy Bank Easy Access Saver Issue 68 (currently 5.15% and NLA) is reducing to 5.0% from 27th June 2024. The bonus stays the same, but the underlying rate is reducing from 4.0% to 3.85%. Source: eMail received this afternoon.
    I've had an email from the Chorley BS about a 0.1% rate cut to many of their accounts  - mainly the easy access accounts. Inflation is still running hot, the Bank of England rate hasn't moved, these rate cuts are unjustified!
  • ForumUser7
    ForumUser7 Posts: 2,495 Forumite
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    CuparLad said:
    Cynergy Bank Easy Access Saver Issue 68 (currently 5.15% and NLA) is reducing to 5.0% from 27th June 2024. The bonus stays the same, but the underlying rate is reducing from 4.0% to 3.85%. Source: eMail received this afternoon.
    I've had an email from the Chorley BS about a 0.1% rate cut to many of their accounts  - mainly the easy access accounts. Inflation is still running hot, the Bank of England rate hasn't moved, these rate cuts are unjustified!
    And most of the accounts on the list have low rates (compared to the market) anyway!
    If you want me to definitely see your reply, please tag me @forumuser7 Thank you.

    N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
  • Bridlington1
    Bridlington1 Posts: 3,894 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    CuparLad said:
    Cynergy Bank Easy Access Saver Issue 68 (currently 5.15% and NLA) is reducing to 5.0% from 27th June 2024. The bonus stays the same, but the underlying rate is reducing from 4.0% to 3.85%. Source: eMail received this afternoon.
    I've had an email from the Chorley BS about a 0.1% rate cut to many of their accounts  - mainly the easy access accounts. Inflation is still running hot, the Bank of England rate hasn't moved, these rate cuts are unjustified!
    Personally I'd be more inclined to call Chorley's 0.1% cut to their interest rates on many accounts ``a reflection of market conditions" rather than ``unjustified".

    Whilst Chorley BS cutting their savings rates isn't the best news, they're well within their rights to do so assuming they give appropriate notice. They're far from alone in reducing their savings interest rates too, Cynergy, Santander, Gatehouse, Shawbrook, RCI etc have all cut their interest rates or announced cuts to their interest rates already this year and we may well see more follow suit over the coming weeks and months.
  • gravel_2
    gravel_2 Posts: 629 Forumite
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    2000 pages, nice.
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