The Top Easy Access Savings Discussion Area

J63320

soulsaver said:

Added to the ToTP at No.3  Skipton Dble Access BS 2.55% £10k min (17/10) Double Access Saver - Skipton Building Society@Silverbullet036

Note: For those that have it or want it, wef today their EA Iss1 pays 1.90% Easy Access Saver - Skipton Building Society

I see they’re doing it again! Previous issues of their Triple Access accounts got superseded by new issues paying better rates. Now they’re doing the same thing with the Double Access. This sharp practice needs to be called out!

Daliah

flobbalobbalob said:

NatWest held a transfer back and I missed their fraud team phone call. A long wait when I called the back but.. they recognised my phone number and sent me a OTP to read back to them. They did not ask for any passcode or pin details. Instead they asked what devices I was using and my browser details and activity . They asked more general risk questions about my payee savings account and advised me they would take no further responsibility if I now authorised the transfer which is fair enough. Apart from the inconvenience I am more than happy with them.

An OTP sent by text is no proof that it was sent by the bank. Fraudsters can spoof the banks phone number, and can send you spoof OTPs. 

You were lucky that it was actually Natwest but I would recommend you don't trust it next time. I had a 100% definite fraudster ring me from "Santander" the other day (spoofed number), and when I asked for proof that he was who he said he was, he offered to send an OTP. This OTP duly arrived - apparently from Santander, too, number spoofed again. I terminated the call and rang the Santander fraud department who confirmed my suspicion that it was a fraudster.

simoncorkswill1

Still waiting for Santander from last wednesday 7.50 am , email advised three working days so I suppose there is still a chance .

Daliah

J63320 said:

soulsaver said:

Added to the ToTP at No.3  Skipton Dble Access BS 2.55% £10k min (17/10) Double Access Saver - Skipton Building Society@Silverbullet036

Note: For those that have it or want it, wef today their EA Iss1 pays 1.90% Easy Access Saver - Skipton Building Society

I see they’re doing it again! Previous issues of their Triple Access accounts got superseded by new issues paying better rates. Now they’re doing the same thing with the Double Access. This sharp practice needs to be called out!

This "sharp practice" is a commercial decision by the savings provider, and is widespread policy.  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.

AndyTh_2

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

ScarletBea

soulsaver said:Added to the ToTP at No.3  Skipton Dble Access BS 2.55% £10k min (17/10) Double Access Saver - Skipton Building Society@Silverbullet036

Note: For those that have it or want it, wef today their EA Iss1 pays 1.90% Easy Access Saver - Skipton Building Society

Hmm I wouldn't call an account that you can only touch twice a year as "easy access" - but it might be just me...

cricidmuslibale

ScarletBea said:

soulsaver said:Added to the ToTP at No.3  Skipton Dble Access BS 2.55% £10k min (17/10) Double Access Saver - Skipton Building Society@Silverbullet036

Note: For those that have it or want it, wef today their EA Iss1 pays 1.90% Easy Access Saver - Skipton Building Society

Hmm I wouldn't call an account that you can only touch twice a year as "easy access" - but it might be just me...

Also with a £10k minimum balance, which is very high for a non fixed rate account, the interest rate of 2.55% is, for me at least, simply not high enough to encourage me as a new customer to spend the time it takes applying and then first depositing into this sort of savings account!

Nick_C

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).

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.