The Top Easy Access Savings Discussion Area

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.

Section62

soulsaver said:

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.

Maybe they are keeping it available to test the water.... but will pull the plug as soon as the deluge starts.

After all, they have prior experience of being deluged with applications for very attractive interest rates.

refluxer

There have been many times this year when Ford Money's Flexible Saver hasn't been available to new customers so it wouldn't be too surprising if that happens again fairly soon, especially as they indicated it would from today.