Skipton EA members bonus Issu 1

trickydicky14

I have an easy access members bonus saver Issue 1 account with Skipton paying 5.5%. Can you renew this account after a year to keep the bonus if the account is still available.

FishInGlass

My notes say 1.7% bonus for a year max amount £3000 at 5.5%

trickydicky14

FishInGlass said:

My notes say 1.7% bonus for a year max amount £3000 at 5.5%

Yes but can you open a new one at the end of the year to keep the bonus.

Bridlington1

trickydicky14 said:

FishInGlass said:

My notes say 1.7% bonus for a year max amount £3000 at 5.5%

Yes but can you open a new one at the end of the year to keep the bonus.

You can if you want.

You can also ``refresh" the account before the end of the term if you wanted to. I closed mine just before the end of the last tax year and reopened it shortly after the start of the new one for tax purposes. My new account still shows 5.5%.

RG2015

I opened an account on Saturday and funded it with £1 by debit card. However it is showing an interest rate of 3.80%.

Will this change when the £1 clears in a couple of days?

Kim_13

RG2015 said:

I opened an account on Saturday and funded it with £1 by debit card. However it is showing an interest rate of 3.80%.

Will this change when the £1 clears in a couple of days?

Yes. Happened when I opened mine.

cjjhbn

After closing the members bonus saver is there a time limit. before you can open a new account 

Bridlington1

cjjhbn said:

After closing the members bonus saver is there a time limit. before you can open a new account 

There's no time limit. Once the account is closed you can open a new one straight away.

cjjhbn

Bridlington1 said:

cjjhbn said:

After closing the members bonus saver is there a time limit. before you can open a new account 

There's no time limit. Once the account is closed you can open a new one straight away.

Ok thanks will do it tomorrow if it is still available 

Bigwheels1111

Do I wait until the 31st when mine matures.
Agh, decisions decisions decisions.

surreysaver

Bridlington1 said:

trickydicky14 said:

FishInGlass said:

My notes say 1.7% bonus for a year max amount £3000 at 5.5%

Yes but can you open a new one at the end of the year to keep the bonus.

You can if you want.

You can also ``refresh" the account before the end of the term if you wanted to. I closed mine just before the end of the last tax year and reopened it shortly after the start of the new one for tax purposes. My new account still shows 5.5%.

Didn't realise you could do that! I may do that, as I'm going to be well over my PSA this year due to the sudden increase in rates last autumn, but I'm trying to manipulate next year's savings to try to limit my exposure to paying tax on interest