The Top Easy Access Savings Discussion Area

soulsaver

@Nick_C     

Think she's garbled this bit... which is irrelevant to deposits by transfer from external banks: 

Blue Rewards Terms & Conditions | Barclays

When working out how much you have paid into your nominated bank account, we won’t count:

• one-off internal transfers between Barclays accounts in your name, including any joint accounts or savings accounts. 

10_66

Nick_C said:

Barclays Blue Rewards -

(Relevant as it gives access to the Rainy Day Saver - £5000 easy access with 5% interest.)

I opened a Barclays Current Account two weeks ago.  I paid in £800 by faster payment from Chase on 5 October.  I then signed up for Blue Rewards, and opened the Rainy Day Saver.  I then transferred a further £4200 from my Lloyds current account, also by faster payment.  

Today, I received an email from Barclays telling me I haven't satisfied the criteria for paying in £800 this month.

Looking in detail at the credits in online banking, they are showing up as "Counter Credits".  The code in the app is BGC.

I spoke to someone on the phone just now.  She said regular payments from an external account by Standing Order do count, but ad hoc deposits by Faster Payment do not.  She said the credit should be coded as "FPO".

The T&Cs say "Regular payments set up as standing orders or direct debits from your personal Barclays accounts, a Barclays Business Account or your non-Barclays accounts will count towards your qualifying amount".  (The T&Cs are silent on Faster Payments in.)

I will now set up a Standing Order from Lloyds to make sure I get the £5 reward for this month (which simply offsets the fee for joining Blue Rewards).

Exactly the same happened to me today.  I spoke to someone at Barclays a short while ago, and they seemed to think it was something to do with my old Blue Rewards having been cancelled last year, and the new Blue Rewards I set up last week, as not being linked correctly their end.  The CS rep was going to get it looked into and said would get back to me.

Frogletina

I also rang up today having made a faster payment of £800 on 10 October. I was told that I had met the conditions. She didn't know why I had been sent the email.

I think I will amend the future standing order date to end of the month to be sure once I have £800 more in the account I use for all my transfers out on 1st of the month.

10_66

Re my earlier post on Barclays Blue.  I was advised that their system had selected a random opening date, rather than the actual date.  The opening date has been manually amended.  Hopefully that should work.  It was confirmed that transfers into the account by salary, standing order, cash, cheque or any transfers from outside of Barclays will count.

k_man

AndyTh_2 said:

k_man said:

How quick are payments made into Cynergy Easy Access shown in the account?

I made 2 payments (both small) over the weekend via faster payments, and neither are showing.

I know savings accounts often take longer to show deposits, but the details from Cynergy state:

If your Bank uses the 'Faster Payment' service your payment should arrive within minutes.

suggesting there isn't the usual saving account clearing delay.
Note: this is a newly opened account.

I'm also expecting a payment I made on the weekend as well. This is abnormal as worst case for them is 11am the next working day. I was wondering how much patience I have before I call them. Otherwise I was thinking the source bank is holding it back, but since you've also mentioned this I'm more expecting it a Cynergy issue

Email confirmation of deposits received at around 3pm today, and now showing online (as an aside, what a faff to login if you usually use just a mobile phone for both apps and online banking!)

So looks like delays at their side, maybe inundated with new accounts.
I did see a message on one of the banks websites about delays to payments due to maintenance, but can't find it again now, so may have been for Barclays instead.

J63320

Daliah said:

 On balance, I'd much rather see new issues with better rates coming on to the market than being stuck on existing rates. With easy access online accounts, it's also easy to move your money to better rates - even to better rates at different providers.

I’ve already done that once, and set up a new password, and re-submitted my bank account details for withdrawals. Meanwhile, I have had an easy access account - a closed issue - with another provider for donkey’s years, and although its rates are not quite table-topping they always go up when the BoE makes a change.

razord

The Daily Mail reporting Santander's 2.75% esaver product will be withdrawn tonight.

julicorn

Apologies if this has been mentioned already, but I just noticed that the Santander e-Saver (2.75%) is being withdrawn at midnight tonight. 

They say it's due to high demand, and they've always said they'd withdraw it early if there are lots of people applying, but the timing is interesting for sure (with that wave of u-turns today).

Edited to add: razord just beat me to this  

Noneforit999

julicorn said:

Apologies if this has been mentioned already, but I just noticed that the Santander e-Saver (2.75%) is being withdrawn at midnight tonight. 

They say it's due to high demand, and they've always said they'd withdraw it early if there are lots of people applying, but the timing is interesting for sure (with that wave of u-turns today).

Edited to add: razord just beat me to this  

Still haven’t funded ours yet, I won’t add money until we have access and they sent us some silly form to fill out and post back. I don’t have a printer at home so have to wait a week to go into the office, seems a drama to be honest so might not bother and instead try Cynergy.

julicorn

Noneforit999 said:

julicorn said:

Apologies if this has been mentioned already, but I just noticed that the Santander e-Saver (2.75%) is being withdrawn at midnight tonight. 

They say it's due to high demand, and they've always said they'd withdraw it early if there are lots of people applying, but the timing is interesting for sure (with that wave of u-turns today).

Edited to add: razord just beat me to this  

Still haven’t funded ours yet, I won’t add money until we have access and they sent us some silly form to fill out and post back. I don’t have a printer at home so have to wait a week to go into the office, seems a drama to be honest so might not bother and instead try Cynergy.

similar situation here, they asked us for copies of ID + proof of address. I sent that off last week though, so will wait and see how long it takes them to open the account.