The Top Easy Access Savings Discussion Area

RobinhoodSavings

An app will be launched mid 2023. I don’t expect much functionality yet on the app. Probably just balances and withdrawal to linked account. 

Ifts

Coventry Building Society - Limited Access Saver (Online) 6 now showing as 3.25% when I signed into my account just a minute ago.

Bigwheels1111

Ifts said:

Coventry Building Society - Limited Access Saver (Online) 6 now showing as 3.25% when I signed into my account just a minute ago.

I’ve just received my acceptance letter with account details.
What else do I need to access my accounts.

EssexHebridean

chris_the_bee said:

EssexHebridean said:

Coventry limited access 6 applied for here. Annoyingly they have to send us something in the post as it's a joint account (in spite of the fact that we are both existing account holders and they could simply email OH to ask him if he's OK with it!) so allowing for the state of our postal service currently it is pretty likely to be next month before we actually see the account being opened. Annoying as I wanted it to dump the contents of the soon to be maturing regular savers from the same provider into. Sigh. 

I opened my joint one on 1st Jan. The form can be completed and emailed back as long as ID is not required. The email you received when you opened the account should tell you if, and for whom, any ID is required.

They definitely don’t need ID - that’s confirmed. Our problem is currently we’re only getting post around once every 3 - 4 weeks - so there is little prospect of the form even arriving much before the end of this month now! (As an example, yesterday I received a bank card sent to me at the beginning of December…) I had noted that the form can be emailed back - that at least speeds things up a little! 

soulsaver said:

EssexHebridean said:

Coventry limited access 6 applied for here. Annoyingly they have to send us something in the post as it's a joint account (in spite of the fact that we are both existing account holders and they could simply email OH to ask him if he's OK with it!) so allowing for the state of our postal service currently it is pretty likely to be next month before we actually see the account being opened. Annoying as I wanted it to dump the contents of the soon to be maturing regular savers from the same provider into. Sigh. 

@EssexHebridean  Try a solo each - literally 1 minute to open on line when you're logged in.

Good thinking - except this is going to be where some house deposit money is sitting until needed - so I’d sooner know that both of us can access it just in case of log-in issues! In normal circumstances I would probably have done exactly that though!

Ifts

Bigwheels1111 said:

Ifts said:

Coventry Building Society - Limited Access Saver (Online) 6 now showing as 3.25% when I signed into my account just a minute ago.

I’ve just received my acceptance letter with account details.
What else do I need to access my accounts.

If your application process was the same as mine, i.e. you set up your username and password when you applied for the account, then you should be able to access your account with them details.

When I applied for this account as a new customer, it took about 10 mins and I was given my new account number and sort code there and then, and when done I was able to login to the Coventry account straight away (and fund it with a test payment from my linked/nominated account) - before I received the welcome letter.

When I received the welcome letter, with it I received my phone grid card (needed if you ever use telephone banking with them) and also the letter asking for a signature with a prepaid envelope.

Re the signature request - on the letter I received it said:

If you need to make any changes in the future - for example, if you change your address or want to tell us what to do with your savings when a bond matures - we'll need to check your identity again. One of the ways to do this is by checking your signature...

ASL1

Do we reckon Al Rayan will up their rate soon to match Coventry's 3.25% Limited Access Saver (Online) 6 or even the upcoming Yorkshire BS Loyalty 3.5% on 17th Jan?

hoc

soulsaver said:

Just maybe worth repeating an observation on the YBS Rainy Day Saver, which is a limited (double) access account, open to 'all' and has been featured in the 'small(er) balances' section in the ToTP for a while. 

From 17/01 - 3.35% to £5k then 2.85% on the bal above that.

Currently it's lower rate doesn't make the ToTP main list, but it may do from 17/01.

ATBE then, the 2.85% alone will put it equal/above Al Rayan in the ToTP; the aggregated rate would put it even higher.

For example/comparison, £40k would earn 2.91%; or £30k would get 2.93%;
£85k would get 2.87% and I'm planning to treat it as that for ranking purposes whilst it qualifies.

Yorkshire BS Online Rainy Day Iss2  (Double access) currently 3.0% to £5k, then 2.5% (09/12)  ->3.35% to £5k then 2.85% wef 17/01.  
YBM1607RC.pdf (ybs.co.uk)

Is the account closed after the second withdrawal? Product Terms don't make it clear.

ForumUser7

hoc said:

soulsaver said:

Just maybe worth repeating an observation on the YBS Rainy Day Saver, which is a limited (double) access account, open to 'all' and has been featured in the 'small(er) balances' section in the ToTP for a while. 

From 17/01 - 3.35% to £5k then 2.85% on the bal above that.

Currently it's lower rate doesn't make the ToTP main list, but it may do from 17/01.

ATBE then, the 2.85% alone will put it equal/above Al Rayan in the ToTP; the aggregated rate would put it even higher.

For example/comparison, £40k would earn 2.91%; or £30k would get 2.93%;
£85k would get 2.87% and I'm planning to treat it as that for ranking purposes whilst it qualifies.

Yorkshire BS Online Rainy Day Iss2  (Double access) currently 3.0% to £5k, then 2.5% (09/12)  ->3.35% to £5k then 2.85% wef 17/01.  
YBM1607RC.pdf (ybs.co.uk)

Is the account closed after the second withdrawal? Product Terms don't make it clear.

"The Online Rainy Day Account Issue 2 allows unlimited instant withdrawals from your account without loss of any interest, on two days per account year, based on anniversary of account opening. You may also close your account at any time even if you have used all of your withdrawal days."

I interpret this to mean that on any two days of each account year, you can do unlimited withdrawal requests. If you needed to make a withdrawal on a third day of the same account year, this is not possible, unless you close the account and access your full balance - hence 'You may also close your account at any time even if you have used all of your withdrawal days.'

soulsaver

ASL1 said:

Do we reckon Al Rayan will up their rate soon to match Coventry's 3.25% Limited Access Saver (Online) 6 or even the upcoming Yorkshire BS Loyalty 3.5% on 17th Jan?

The Yorkshire Loyalty is NLA, so that won't bother them... And there's a rumour that the Cov ac is about to go NLA, too.

chris_the_bee

flobbalobbalob said:

soulsaver said:

EssexHebridean said:

Coventry limited access 6 applied for here. Annoyingly they have to send us something in the post as it's a joint account (in spite of the fact that we are both existing account holders and they could simply email OH to ask him if he's OK with it!) so allowing for the state of our postal service currently it is pretty likely to be next month before we actually see the account being opened. Annoying as I wanted it to dump the contents of the soon to be maturing regular savers from the same provider into. Sigh. 

@EssexHebridean  Try a solo each - literally 1 minute to open on line when you're logged in.

Can you apply for both a solo and a joint account ?

Yes, you can.