The Top Easy Access Savings Discussion Area

Bridlington1

mebu60 said:

Kazza242 said:

According to Moneyfacts, the Sainsbury's Bank Defined Access Saver (issue 32) rate will be increasing to 2.00%.

It is a limited access account, which allows 3 penalty free withdrawals per year.  

The 2.00% rate will be paid on balances between £1,000 - £500,000 (FSCS compensation limit £85K).

See the link below for more details: 

https://www.sainsburysbank.co.uk/savings/sav_definedsaver_skip

The current Defined Access is Issue 31 at 1.55%. Issue 32 is a new account that Issue 31 holders will have to apply for, wait a week or so for it to be linked to your account then call to go through the transfer and close rigmarole. My Issue 31 had been reduced to the minimum £1k anyway. Have set up an Issue 32 2.0% and have applied for Cambridge BS Your Saver 2.1%. 

Thanks to those who provided Al Rayan insights and info the other day. My inertia has paid dividends now I can replicate interest in an old school manner :-) 

You don't have to wait for the account to link with your old account. You can just register for internet banking for Issue 32 separately and close the Issue 31. You will end up with 2 internet banking profiles but it seems to work well. Your old internet banking profile will close after you've closed Issue 31.

mebu60

Bridlington1 said:

You don't have to wait for the account to link with your old account. You can just register for internet banking for Issue 32 separately and close the Issue 31. You will end up with 2 internet banking profiles but it seems to work well. Your old internet banking profile will close after you've closed Issue 31.

Thanks B1, have made a mental note of that, might use your approach in future if my Sainsbury's gets into £80k+ territory again. With just the £1k in there currently I'll wait it out for the simplicity of keeping the same user id. 

soulsaver

mebu60 said:

soulsaver said:

Bit of an issue with Cambridge BS:

In the summary it makes no mention of limited access; but in the small print 'special terms & conditions' 

'5.2 Your Saver allows one withdrawal per calendar month'.

your-saver-september-2022.pdf (cambridgebs.co.uk)

IMO it's a big enough issue that it should be in the summary.

eta link

It is in the summary box. Manage the account: Can I withdraw money? After the first 14 days you can withdraw cleared funds from your account once every calendar month without giving notice or paying a fee. More frequent withdrawals are not permitted. 

Yeap edited with explanation... not a very good one, but honest!

soulsaver

And another chance to not shine: Has anyone found The Cambridge App - not found in Play Store?

Nick_C

soulsaver said:

And another chance to not shine: Has anyone found The Cambridge App - not found in Play Store?

Now that is odd!  There is an Android App, I use it, but it is not currently available in the Google Play Store. 

I suggest you call them and ask.

There is a link from their website, but it doesn't currently work. 

https://www.cambridgebs.co.uk/more/help-centre/faqs-and-guides/managing-your-account/getting-online-in-three-easy-steps

BigBlueSky

New Launch - Market Beating

Charter Savings Bank - Easy Access - Issue 28

2.25% - Variable

https://www.chartersavingsbank.co.uk/Products/EasyAccess

Pompeydave1967

Good rate from charter , £5000 min deposit .

jimexbox

Pompeydave1967 said:

Good rate from charter , £5000 min deposit .

Can you deposit the usual quid first? 

BigBlueSky

Does anyone know how quick Charter generally are with transfers in/out ? - Would a transfer in now be applied for today or not until tomorrow ?

jimexbox

Over to Zopa to respond, this matches their 90 notice pot!