The Top Easy Access Savings Discussion Area

Nick_C

Skipton BS and Cambridge BS withdrawals are processed same day, if done early enough.

Yorkshire BS is next working day.

uptdale

Consumerist said:

I have savings accounts with Coventry BS and their withdrawals to external accounts have always been paid the day after the withdrawal date on the account statement. Internal transfers are same-day, however.

That's not been my experience with Coventry BS.  It's true that you cannot withdraw instantly to an external account, it's always the next business day, but that is the withdrawal date, so you don't lose interest.

dc_scotland

Surprised to read this in this evening's MSE weekly email:

Ends 8am today (Wed). Top standard easy access: Ford Money 0.73%, min £1

Consumerist

uptdale said:

Consumerist said:

I have savings accounts with Coventry BS and their withdrawals to external accounts have always been paid the day after the withdrawal date on the account statement. Internal transfers are same-day, however.

That's not been my experience with Coventry BS.  It's true that you cannot withdraw instantly to an external account, it's always the next business day, but that is the withdrawal date, so you don't lose interest.

Thanks for that. I rechecked my statements and confirmed the statement date is the same as the payment date, as you say, although the payments requested the day before.

RG2015

dc_scotland said:

Surprised to read this in this evening's MSE weekly email:

Ends 8am today (Wed). Top standard easy access: Ford Money 0.73%, min £1

Very odd. I think it may be a mistake.

Consumerist

RG2015 said:

dc_scotland said:

Surprised to read this in this evening's MSE weekly email:

Ends 8am today (Wed). Top standard easy access: Ford Money 0.73%, min £1

Very odd. I think it may be a mistake.

Maybe not. I seem to recall FM withdrawing savings accounts within a very short time.

RG2015

Consumerist said:

RG2015 said:

dc_scotland said:

Surprised to read this in this evening's MSE weekly email:

Ends 8am today (Wed). Top standard easy access: Ford Money 0.73%, min £1

Very odd. I think it may be a mistake.

Maybe not. I seem to recall FM withdrawing savings accounts within a very short time.

I stand corrected.

”Due to unprecedented demand, it has now been removed for new customers”

I wonder how long they will retain the rate for existing customers.

RG2015

It also looks like existing Ford Money customers can still open a new Flexible Saver, at the same rate of 0.73% by logging in first.

SeriousHoax

Transferred £1 into my Ford easy access account just to make sure things are set up properly.

Transfer was at 2pm & was In my account at 4pm.

GalacticaActual

Skipton Building Society have published a PDF list of revised interest rates for off-sale variable accounts this morning, Thursday 17th February 2022.

Changes come into effect from 1st March 2022:

https://www.skipton.co.uk/-/media/skipton-co-uk/pdf/savings/Changes%20to%20Variable%20Accounts.ashx?la=en-GB&hash=8EE21BD4B2444AE1B836120D78A7FD8B