The Top Easy Access Savings Discussion Area

Nick_C

10_66 said:

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.

Not the advice I was given. 

And Barclays do seem to differentiate between an ad hoc Faster Payment and a Standing Order.

I'm setting up a Standing Order with the first monthly payment tomorrow.  I'll look at the detail on my Barclays account to see how it is coded after it has been credited. 

Yorkie006

Why is everyone so obsessed with Santander? Cynergy is offering an easy access account paying 2.75% as well. Ok, it's for 12 months but the interest rates will change again soon anyway. Am I missing something? Both accounts seem identical to me...

Section62

Nick_C said:

10_66 said:

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.

Not the advice I was given. 

And Barclays do seem to differentiate between an ad hoc Faster Payment and a Standing Order.

I'm setting up a Standing Order with the first monthly payment tomorrow.  I'll look at the detail on my Barclays account to see how it is coded after it has been credited. 

Thanks for the heads up.

In the three plus years I was a Blue Rewards member previously I always funded the £800 by a manual faster payment from either my CoOp or Nationwide accounts - never by SO.  Always got paid the reward.

If they have changed the payment types allowed they should have been more explicit about it in the T&C's, I don't remember seeing anything to that effect when they did the last big change.  On the other hand, their customer service staff have never seemed to fully understood the T&C's of their accounts (in my experience).

Nick_C

Yorkie006 said:

Why is everyone so obsessed with Santander? Cynergy is offering an easy access account paying 2.75% as well. Ok, it's for 12 months but the interest rates will change again soon anyway. Am I missing something? Both accounts seem identical to me...

1) Santander is a well known high street brand that many of us will already have accounts with.

2) They got in first.

Noneforit999

Yorkie006 said:

Why is everyone so obsessed with Santander? Cynergy is offering an easy access account paying 2.75% as well. Ok, it's for 12 months but the interest rates will change again soon anyway. Am I missing something? Both accounts seem identical to me...

Santander have an app, Cynergy don’t. People seem to like the concept of checking their savings every 15 seconds in the lead up to the monthly interest.

Other than that, no idea 

Zaul22

Yorkie006 said:

Why is everyone so obsessed with Santander? Cynergy is offering an easy access account paying 2.75% as well. Ok, it's for 12 months but the interest rates will change again soon anyway. Am I missing something? Both accounts seem identical to me...

Cynergy is yearly interest, Santander has a monthly option. Cynergy also has a bit of a PITA app while Santander's app is decent. 

jimexbox

Yorkie006 said:

Why is everyone so obsessed with Santander? Cynergy is offering an easy access account paying 2.75% as well. Ok, it's for 12 months but the interest rates will change again soon anyway. Am I missing something? Both accounts seem identical to me...

Cynergy pay interest annually, some people prefer monthly. 

razord

Yorkie006 said:

Why is everyone so obsessed with Santander? Cynergy is offering an easy access account paying 2.75% as well. Ok, it's for 12 months but the interest rates will change again soon anyway. Am I missing something? Both accounts seem identical to me...

Santander is also immediate transfers in/out. No next working day, or random delays.

RobM99

jimexbox said:

Yorkie006 said:

Why is everyone so obsessed with Santander? Cynergy is offering an easy access account paying 2.75% as well. Ok, it's for 12 months but the interest rates will change again soon anyway. Am I missing something? Both accounts seem identical to me...

Cynergy pay interest annually, some people prefer monthly. 

That's true, however people can withdraw the equivalent of the monthly interest each month anyway.

RG2015

RobM99 said:

jimexbox said:

Yorkie006 said:

Why is everyone so obsessed with Santander? Cynergy is offering an easy access account paying 2.75% as well. Ok, it's for 12 months but the interest rates will change again soon anyway. Am I missing something? Both accounts seem identical to me...

Cynergy pay interest annually, some people prefer monthly. 

That's true, however people can withdraw the equivalent of the monthly interest each month anyway.

Might be an issue for year of interest payment for tax purposes. This is true for me as next year's tax is a pinch point for me.