The Top Easy Access Savings Discussion Area

Consumerist

You'd think that MSE would add a warning about this company when showing it as a best buy.

colsten

Consumerist said:

You'd think that MSE would add a warning about this company when showing it as a best buy.

MSE generally only look at rates, and referral links.

Stompa

Stompa said:

Well sadly it does appear that the authenticator app is very poor. It generates an authentication code alright, but most of the time it's not the correct authentication code. In fact I find it's only correct on around 1 attempt out of every 3 ( and I can't help wondering if you might get locked out if you enter too many incorrect codes).

A quick update on this. I think I've found a way of making it much more reliable. All you have to do is zoom the screen prior to using the Authenticator app to scan the code.

Wheres_My_Cashback

Stompa said:

Stompa said:

Consumerist said:

pearl123 said:

. . . Could other banks also now raise their rates to match it? . . .

It's always possible. As the account is Easy Access you can always move it if something better comes along.

Edit

Mobile app required to log in.

Well it was pretty straightforward to open one, but the reviews of the mobile authenticator app look pretty dire. Hopefully it won't prove to be quite as awful as they suggest!

Well sadly it does appear that the authenticator app is very poor. It generates an authentication code alright, but most of the time it's not the correct authentication code. In fact I find it's only correct on around 1 attempt out of every 3 ( and I can't help wondering if you might get locked out if you enter too many incorrect codes).

I had been thinking of transferring an ISA to Cynergy, but am now having second thoughts.

I've had no issues using the authenticator and never been locked out.

Had accounts with them pre Cynergy when they were Bank of Cyprus UK, no problems then, nor now. 

Easy to use online banking, quick (a few minutes) to transfers funds, simplicity itself when opening new accounts, particularly ISAs and transferring.

Yes the authenticator is dated, but a banking APP is coming quite soon.

UncleK

Never had any trouble with the Cynergy App. Just closed one account and opened another so had to reset the App and that was dead easy as well.

DireEmblem

On the off chance people have access to Chip, they might be releasing a 0.7% account with interest paid daily, on balances up to 30k.  None of the usual faff they normally have other than I think* you need to have a paid account.

In which sense, its possibly only worth it if you already have an account.  If you are new, and top up the full 30k, then you will still need to pay their £1.50 every 28 days platform fee.  Thats roughly £19.5 a year, or 0.065%, so all in you would get back 0.645% annually with the full deposit.

colsten

DireEmblem said:

On the off chance people have access to Chip, they might be releasing a 0.7% daily interest account shortly

That is definitely not going to happen. Did you mean 0.7% AER?

DireEmblem

colsten said:

DireEmblem said:

On the off chance people have access to Chip, they might be releasing a 0.7% daily interest account shortly

That is definitely not going to happen. Did you mean 0.7% AER?

Yes I see how you misread what I said, I have re worded this.  It’s 0.7% Annually, with interest paid daily.

SeriousHoax

Cynergy have pulled there Online Easy Access Account 0.6%

dc_scotland

I see that the Tesco Internet Saver rate has just been increased to 0.59%, incl a 12 month 0.49% bonus. And their Cash ISA rate is now increased to 0.51%, incl a 12 month 0.41% bonus.