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Cynergy Savings Will there be a New Issue?

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  • aroominyork
    aroominyork Posts: 3,887 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 12 September 2023 at 7:38PM
    nic_c said:
    I chose Cynergy because I wanted easy access, a good rate... and interest paid in the next tax year. If I open an account with the new issue, can I keep a fiver in my existing account so the interest is paid next tax year, and transfer the balance to the new issue?
    Yes. Interest paid on either account closure or the anniversary. So yes you can transfer most of the balance and leave it open with whatever, think £1 is the minimum, so £5 won't be a problem.
    For info, a second easy access account opened almost immediately. Transfers in and out aren't as quick as some others, eg Marcus, but waiting half an hour isn't a problem. The only gripe is they do not have a mobile app so you have to go to their mobile website and then use the authenticator app for security. 
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