The Top Easy Access Savings Discussion Area

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. 

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...