The Top Easy Access Savings Discussion Area

refluxer

Mr._H_2 said:

typistretired was pointing out that Virgin Money, Chase, and Tesco are three institutions that upped rates on existing accounts, rather than issuing new products and forcing existing customers to open new accounts to get better rates.

Just a heads-up that, as far as their Internet Saver is concerned, Tesco are actually one of the banks that do create new issues when they decide to change the interest rate on this type of account - these rate changes aren't automatically applied to existing accounts. The exception to this is when there is a BoE rate rise which they then do pass on to all the issues, which has happened in recent months.

Creating a new account and moving the balance across is a simple process though - I have two Internet Savers at the moment due to this approach but haven't closed the old one yet as this can only be done over the phone

RG2015

refluxer said:

Just remembered that bonus interest on the Tesco Internet Saver accounts was paid yesterday (31st March).

It was actually the standard interest being paid yesterday. The bonus interest is paid on the anniversary of the account being opened.

I believe that this too is a helpful post, but for those you think it is unnecessary noise, I do apologise. 

AndyTh_2

Cynergy Bank has added a new issue of the Online Easy Access account with 1.1% interest. Time for the weekly/fortnightly fasttrack apply and transfer and close (if you haven't already left the boat entirely for Chase 1.5%)

Their public page hasn't yet updated, but the fasttrack apply has the new rate.

UncleK

Thanks for the heads up - previous account was opened 25th March and presumably I'll close it tomorrow. 8 days...........

MDMD

AndyTh_2 said:

Cynergy Bank has added a new issue of the Online Easy Access account with 1.1% interest. Time for the weekly/fortnightly fasttrack apply and transfer and close (if you haven't already left the boat entirely for Chase 1.5%)

Their public page hasn't yet updated, but the fasttrack apply has the new rate.

My Cynergy online banking is starting to look like Virgin money with a graveyard of closed accounts with a £0.00 balance…..

UncleK

But then got an email saying the new account was opened and please to pay in some money so got very excited as I thought I could get my record down to seven days......but hopes dashed when the account was nowhere to be seen when I logged on!
The dilemma - do I go to bed or do I wait.........

gt94sss2

refluxer said:

I have two Internet Savers at the moment due to this approach but haven't closed the old one yet as this can only be done over the phone

When I last closed a Tesco savings account via telephone, they were very keen to say that it can now be done via pdf and there was no need to call them.

https://yourcommunity.tescobank.com/content/4314-How-do-I-close-my-Internet-Saver-Account-online

MDMD

UncleK said:

But then got an email saying the new account was opened and please to pay in some money so got very excited as I thought I could get my record down to seven days......but hopes dashed when the account was nowhere to be seen when I logged on!
The dilemma - do I go to bed or do I wait.........

I had this too, took 20 minutes after the email to be visible.

UncleK

Yabba dabba doo! All is good and my record is down to seven days. Off to bed, to sleep, perchance, to dream

The_Blacklist

Hi, I have IPhone SE2020 (IOS 15.4) and tried all the methods suggested by the Chase help desk while the very helpful young person (pensioner so everyone is young) was on line.
Tried to close log out a number of times today.
May be it is my phone.
Thank you for your comments appreciated as it could be my phone.