The Top Easy Access Savings Discussion Area

grumbler

Cynergy 2.75% (2.6%+0.15%) ??

Exclusively available to existing Cynergy Bank customers

What does this mean? They don't offer current accounts. The only saving accounts I see are this one, some cash ISAs and fixed rate accounts.

And then they say:

You will need:

• Your National Insurance Number
• Your mobile phone number and email address
• Details of a UK current account in the name(s).

- doesn't look like an application from an existing customer. I see some people here reported about opening this account. Did they all had some other accounts with this bank?

MiserlyMartin

I had an older issue of this account and they increased the rate to the 2.75% total above, I did nothing. It stopped me moving out the final lot of money to Santander.

alternate

grumbler said:

Cynergy 2.75% (2.6%+0.15%) ??

Exclusively available to existing Cynergy Bank customers

What does this mean? They don't offer current accounts. The only saving accounts I see are this one, some cash ISAs and fixed rate accounts.

And then they say:

You will need:

• Your National Insurance Number
• Your mobile phone number and email address
• Details of a UK current account in the name(s).

- doesn't look like an application from an existing customer. I see some people here reported about opening this account. Did they all had some other accounts with this bank?

They only recently closed it to new customers.  I suspect they have capped the amount of deposits they can handle.

In this case existing customer means anyone who already holds a saving product with them - either a fixed rate bond or a previous issue of instant access.

Yorkie006

grumbler said:

Cynergy 2.75% (2.6%+0.15%) ??

Exclusively available to existing Cynergy Bank customers

What does this mean? They don't offer current accounts. The only saving accounts I see are this one, some cash ISAs and fixed rate accounts.

And then they say:

You will need:

• Your National Insurance Number
• Your mobile phone number and email address
• Details of a UK current account in the name(s).

- doesn't look like an application from an existing customer. I see some people here reported about opening this account. Did they all had some other accounts with this bank?

I previously had an ISA with them but that was closed when I transferred it to a different provider. Applied for the 2.75% account as a new customer again without problems last week.
Looks like they changed it and only existing customers can open this account now.

I-LOV-MONEY

wiseonesomeofthetime said:

As others have said, the payee, for CoP purposes will be YOUR NAME as given in the application. 

Just do £1 test transfer and make sure sort code and account number are correct. Job done 😊

Thanks guys.   It worked.  I  used my name and I duly transferred £10 from my bank account to Santander and on checking it is in my Santander account.   Tomorrow I will withdraw it (well say, £9 !) to make sure it works back.   Don't want to tire my or Santander's brain too much on one day !!!!!!

isasmurf

grumbler said:

Cynergy 2.75% (2.6%+0.15%) ??

Exclusively available to existing Cynergy Bank customers

What does this mean? They don't offer current accounts. 

They do. 

simoncorkswill1

alternate said:

grumbler said:

Cynergy 2.75% (2.6%+0.15%) ??

Exclusively available to existing Cynergy Bank customers

What does this mean? They don't offer current accounts. The only saving accounts I see are this one, some cash ISAs and fixed rate accounts.

And then they say:

You will need:

• Your National Insurance Number
• Your mobile phone number and email address
• Details of a UK current account in the name(s).

- doesn't look like an application from an existing customer. I see some people here reported about opening this account. Did they all had some other accounts with this bank?

They only recently closed it to new customers.  I suspect they have capped the amount of deposits they can handle.

In this case existing customer means anyone who already holds a saving product with them - either a fixed rate bond or a previous issue of instant access.

I opened two accounts yesterday morning about 8 30 , never been near them before but was not prevented from opening for the 2.75 account , I had not actually noticed the existing customer bit .

Section62

soulsaver said:

soulsaver said:

As higher rate opportunities get restricted, maybe worth a reminder: Ford Money 2.5% wef 19/10 initially existing customers only - so maybe grab it now with £1 - keeping options open. It currently says 1.95% but Ford guarantees it offers the same rates for existing customers, so you will automatically get the 2.5%. Flexible Saver pre-application checklist | Ford Money

Well... assuming it proceeds with the 2.5%...

Emails confirming the 2.5% effective today are arriving now....

t1redmonkey

The Ford Money easy access account is open to everyone.  I know there was some speculation it might not be but it is.

soulsaver

t1redmonkey said:

The Ford Money easy access account is open to everyone.  I know there was some speculation it might not be but it is.

It wasn't speculation - it was what they published. The Top Easy Access Savings Discussion Area - Page 836 — MoneySavingExpert Forum

But ATM it appears to be open to all the usuals and will be added into ToTP, as soon as.