The Top Easy Access Savings Discussion Area

janusd

Black_Cat2 said:

This might already have been asked about Zopa so sorry... what happens with interest over the maximum allowable amount of £50k?  Do you need to withdraw it straight away? 🐈

you will continue to receive the interest as normal over the maximum amount (whether £50k or £85k), you will just be unable to make further manual deposits.

RG2015

Lynsey89 said:

Anyone think the others that have dropped off the list will catch up?
I’ve got 70k with Marcus 1.30% trying to decide if I should move it now.

Marcus and others want us to deposit money with them. If enough people withdraw their money then they may decide to increase their rates.

If people do not move their money out, Marcus and others will be happy to leave their rates at the current levels.

murphydavid

Cynergy's rule that requires one to open a new account to get best IA rates driving me towards abandoning them. You have to find out for yourself (or from the helpful advice here) when it goes up, It always slips under my radar for a few days then I have to get the time to sort it. I wonder how many people haven't twigged and think they are getting the current rate?

Is the interest rate variable on each new account? If so I wonder if it might be reduced automatically on some of them and then go unnoticed. assuming interest rates in general stabilize for a time.
ie from a point in time newly opened accounts get the current rate. Older accounts also at the current rate have their rates reduced (the rate being variable).
I have not noticed a naming convention, All my accounts are called "Online easy access account" so if I independently were to look for the rate of a "Cynergy online easy access account" there would be no comprehendible answer, I have 5 of that name each with a different rate! (4 with 0 capital)
Also with account numbers having 8 digits giving them a limit of 99999999 to allocate surely they must run out. 

10_66

murphydavid said:

...I have not noticed a naming convention, All my accounts are called "Online easy access account" so if I independently were to look for the rate of a "Cynergy online easy access account" there would be no comprehendible answer, I have 5 of that name each with a different rate! (4 with 0 capital)...

The only thing that defines the difference is the issue number.  Each time the rate goes up, the issue number changes.

10_66

murphydavid said:

...Is the interest rate variable on each new account? If so I wonder if it might be reduced automatically on some of them and then go unnoticed. assuming interest rates in general stabilize for a time.
ie from a point in time newly opened accounts get the current rate. Older accounts also at the current rate have their rates reduced (the rate being variable)...

Back in June 2020, I had issue 6 and that rate did drop from the rate that is was paying in May 2020.  So, despite their system being incapable of increasing without the palaver of opening the new issue, their system is capable of reducing.  Hmmm.

deinoflex

Tesco internet saver up to 1.38%

WillowLea1962

deinoflex said:

Tesco internet saver up to 1.38%

Includes a fixed bonus rate of 1.13% Gross for 12 months

lindylootoo

I'm listing various savings accounts as recommended by MSE and also checking reviews on Trustpilot. 

Zopa Trustpilotreviews 

Thanks for visiting Trustpilot. Unfortunately, it’s not possible to leave a review here anymore because the company’s website has closed. Feel free to contact us if you have any questions.

What's all this about then?

Olinda99

Are Zopa 1.5% or am I looking at the wrong place

10_66

lindylootoo said:

I'm listing various savings accounts as recommended by MSE and also checking reviews on Trustpilot. 

Zopa Trustpilotreviews 

Thanks for visiting Trustpilot. Unfortunately, it’s not possible to leave a review here anymore because the company’s website has closed. Feel free to contact us if you have any questions.

What's all this about then?

Still able to leave a review if you want, and the website hasn't closed.