The New Top Easy Access Savings Discussion Area

pecunianonolet

T&Cs change Al Ryan Bank

Couple of changes coming into play, probably the most notable the minimum balance requirement. Before, you needed 5k to open the account but could keep it on a low balance and get the rate of interest currently applicable. This seems to come to an end now and the full rate only applies from 5k or above. 

allegro120

pecunianonolet said:

T&Cs change Al Ryan Bank

Couple of changes coming into play, probably the most notable the minimum balance requirement. Before, you needed 5k to open the account but could keep it on a low balance and get the rate of interest currently applicable. This seems to come to an end now and the full rate only applies from 5k or above. 

Received the same e-mail, which reminded me to check if my issue 3 (the only remaining AR account I had) still there.  It's not.  They've notified that to keep the account opened I need to make a transaction before 18th November, so I did and kept £1 in the account until 20th.  That wasn't good enough so I don't have an account with AR anymore.  Good to see that the app is still running so if they ever offer anything good it should be easy to apply.

friolento

allegro120 said:

Received the same e-mail, which reminded me to check if my issue 3 (the only remaining AR account I had) still there.  It's not.  They've notified that to keep the account opened I need to make a transaction before 18th November, so I did and kept £1 in the account until 20th.  That wasn't good enough so I don't have an account with AR anymore.  Good to see that the app is still running so if they ever offer anything good it should be easy to apply.

My easy access Al Rayan account was also sitting at zero for some time and then vanished from sight without warning. They could re-instate the same sort code/acct number within 24 hours when I needed an easy access account to deal with the renewal of a fixed term account. All I needed to do for this was ring them. Their CS was easy and quick to get hold of, and very competent. Mind you, the name of the account is now "Holding Account (Deposits)". It sits there with a zero balance and no interest rate, which suits me fine, as for now I would only use it to move money from/to fixed term accounts.

pecunianonolet

friolento said:

allegro120 said:

Received the same e-mail, which reminded me to check if my issue 3 (the only remaining AR account I had) still there.  It's not.  They've notified that to keep the account opened I need to make a transaction before 18th November, so I did and kept £1 in the account until 20th.  That wasn't good enough so I don't have an account with AR anymore.  Good to see that the app is still running so if they ever offer anything good it should be easy to apply.

My easy access Al Rayan account was also sitting at zero for some time and then vanished from sight without warning. They could re-instate the same sort code/acct number within 24 hours when I needed an easy access account to deal with the renewal of a fixed term account. All I needed to do for this was ring them. Their CS was easy and quick to get hold of, and very competent. Mind you, the name of the account is now "Holding Account (Deposits)". It sits there with a zero balance and no interest rate, which suits me fine, as for now I would only use it to move money from/to fixed term accounts.

I've got their easy access account and had £1 in it for a while and got every 2 months a penny of interest and now on £1.10 balance. Never was told I need some transactions or anything. 

allegro120

friolento said:

allegro120 said:

Received the same e-mail, which reminded me to check if my issue 3 (the only remaining AR account I had) still there.  It's not.  They've notified that to keep the account opened I need to make a transaction before 18th November, so I did and kept £1 in the account until 20th.  That wasn't good enough so I don't have an account with AR anymore.  Good to see that the app is still running so if they ever offer anything good it should be easy to apply.

My easy access Al Rayan account was also sitting at zero for some time and then vanished from sight without warning. They could re-instate the same sort code/acct number within 24 hours when I needed an easy access account to deal with the renewal of a fixed term account. All I needed to do for this was ring them. Their CS was easy and quick to get hold of, and very competent. Mind you, the name of the account is now "Holding Account (Deposits)". It sits there with a zero balance and no interest rate, which suits me fine, as for now I would only use it to move money from/to fixed term accounts.

Yes, I remember calling them when they went 'app only' and setting up wasn't working, they were very competent and resolved the issue.  
My "Holding Account (Deposits)" has disappeared without warning.

allegro120

pecunianonolet said:

friolento said:

allegro120 said:

Received the same e-mail, which reminded me to check if my issue 3 (the only remaining AR account I had) still there.  It's not.  They've notified that to keep the account opened I need to make a transaction before 18th November, so I did and kept £1 in the account until 20th.  That wasn't good enough so I don't have an account with AR anymore.  Good to see that the app is still running so if they ever offer anything good it should be easy to apply.

My easy access Al Rayan account was also sitting at zero for some time and then vanished from sight without warning. They could re-instate the same sort code/acct number within 24 hours when I needed an easy access account to deal with the renewal of a fixed term account. All I needed to do for this was ring them. Their CS was easy and quick to get hold of, and very competent. Mind you, the name of the account is now "Holding Account (Deposits)". It sits there with a zero balance and no interest rate, which suits me fine, as for now I would only use it to move money from/to fixed term accounts.

I've got their easy access account and had £1 in it for a while and got every 2 months a penny of interest and now on £1.10 balance. Never was told I need some transactions or anything. 

That's probably because your balance was above £0.

stoneman

jameseonline said:

Think a 5.2% Trading 212 flex cash ISA might be worth considering given Ulster's is ending in October.

Was just on 
https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/

but it recommends to get it, directing to 

https://www.moneysavingexpert.com/savings/best-cash-isa/

They wont let me have on because I'm a US citizen

stoneman

I was looking at my Santander Edge saver and it says the interest rate is 4.5%. When did that drop from 6

GetRichOrDieSaving

stoneman said:

I was looking at my Santander Edge saver and it says the interest rate is 4.5%. When did that drop from 6

Mines still says 6% 

allegro120

stoneman said:

I was looking at my Santander Edge saver and it says the interest rate is 4.5%. When did that drop from 6

1.50% AER is a bonus rate for the first 12 months from opening, this might explain 4.5%.  Not sure where you see it, both of my Edge Savers are showing 6%.