Notice Accounts

janusdesign

jimexbox said:

Burcot said:

Yes I am also 'stuck' with Cynergy with old interest rate too. Although that account ends 17/7 so can transfer into another 5% acount with a better reputation for passing on interest rate early to holders. 

Will Cynergy not transfer funds to a new notice account and close the old one on request? 

https://forums.moneysavingexpert.com/discussion/comment/80087223#Comment_80087223

SuzzleBumpkin said:

aaj123 said:

refluxer said:

Cynergy are increasing the rates on issue 4 of their (currently available) notice accounts...

35 day - 3.75%
95 day - 4.26%
120 day - 4.31%

https://www.cynergybank.co.uk/personal/online-notice-saver/online-notice-saver/

Does Cynergy allow switching to the latest notice account issue when they launch one with a higher rate?

No you have to give notice to move your money. It’s very, very annoying. It’s the main reason I’ve never topped up either of my Cynergy accounts. I knew they’d do this. 

flobbalobbalob

jimexbox said:

Burcot said:

Yes I am also 'stuck' with Cynergy with old interest rate too. Although that account ends 17/7 so can transfer into another 5% acount with a better reputation for passing on interest rate early to holders. 

Will Cynergy not transfer funds to a new notice account and close the old one on request? 

Wait to see what Investec do. They don't have issues and the 90 day notice is due a review on the 15th

PhilFox1985

Yep, I'd expect investec to up their rates on the 15th.

They are quite consistent. 

Wheres_My_Cashback

BLME - 90 Day Notice Account (Issue 5) Number: XXXXXXXX 

We are pleased to inform you that we will be increasing your Notice Account Expected Profit Rate to 5.15% Gross/5.25% AER with effect from today 11th July 2023.

Current Expected Profit Rate	:	5.00% Gross/ 5.09% AER
Effective date of change	:	11/07/2023
New Expected Profit Rate	:	5.15% Gross/ 5.25% AER

The next and all subsequent profit payments will reflect this increase until further notice.

Only opened it 2 days ago so very pleased with this.

Cambsalex

Really hoping Investec up their rates on the 15th.

Burcot

I contacted Investec about the interest rate.  They said good news the rate  for 90 day account will be going up and will be announced tomorrow, 15th!! lol. No no early warning.  I suggested It will need to be over 5% to keep people interested. No comment.  Fingers crossed its competes with BLME which I also hold. A minor downside with BLME is that the interest (not called interest) cant be kept in the account. It gets sent to the linked account.

PhilFox1985

Invetec increased to 4.75%.

Personally a bit disappointed with that, it's already behind the competition and will only slip further back in the next month.

Still they did increase, and are unlikely to consistently remain uncompetitive for a sustained period.

 https://www.htb.co.uk/personal-savings/variable-rate-accounts/?utm_source=moneyfacts&utm_medium=table&utm_campaign=personal&utm_content=95day

flobbalobbalob

I was also disappointed with the Investec 90 day rise. But thinking about it they have been very consistent in the difference between their Flexi saver and this one. Their Flexi saver rate review is always on the 1st of the month so maybe they will make the ground up next month.

Zaul22

Investec was disappointing, but even if they had gone to 5%, they still would have been beaten by Easy Access when the base rate goes up to 5.5 in a few weeks. Does anyone know when to expect RCI's 95 day to go up?

Burcot

Yep, really disappointed with Investec's effort.....are they trying to retain or lose customers?  Now where to move money to? BLME? Stay with Cynergy and have to accept that they do not pass on any interest rate rise to present 90/95 day holders. Any other options at 5%??