The New Top Easy Access Savings Discussion Area

Stargunner

happybagger said:

Family BS - Having been used to instant or next day withdrawals, this is very slow. Opened the Online Saver 4.6% a/c as a replacement for Gatehouse. w/d request yesterday afternoon, yes I guessed it may be past cut off, but even then expected it to be done today. Shoulda read all t&c's regarding withdrawals I guess... lesson learned.

w/d after 3pm Thursday won't be looked at until today, and actioned on Monday by the end of the day (so possibly not useable until Tuesday)

Debited yesterday from my FBS account though so 5 days lost in the ether. Can't be doing with that.

My withdrawals have always arrived the next working day. 

I made a withdrawal on Wednesday evening and it was in my bank yesterday afternoon.

Kazza242

happybagger said:

Family BS - Having been used to instant or next day withdrawals, this is very slow. Opened the Online Saver 4.6% a/c as a replacement for Gatehouse. w/d request yesterday afternoon, yes I guessed it may be past cut off, but even then expected it to be done today. Shoulda read all t&c's regarding withdrawals I guess... lesson learned.

w/d after 3pm Thursday won't be looked at until today, and actioned on Monday by the end of the day (so possibly not useable until Tuesday)

Debited yesterday from my FBS account though so 5 days lost in the ether. Can't be doing with that.

I made a withdrawal at 10:30am today from my Family BS 4.60% Online Saver.  The money arrived in my nominated account same day, though it was just after 5pm.  

If your nominated account is a bank current account, then you might want to check if your funds have now arrived.  

intalex

Market's making it harder to keep funds in my Skipton BRT (BoE - 0.19%, currently 4.31% AER)... hopefully they shift focus away from ISAs and catch on with the competition on easy access non-ISA offerings once the ISA "season" is over... 

Middle_of_the_Road

intalex said:

Market's making it harder to keep funds in my Skipton BRT (BoE - 0.19%, currently 4.31% AER)... hopefully they shift focus away from ISAs and catch on with the competition on easy access non-ISA offerings once the ISA "season" is over... 

Ulster Bank Loyalty saver is still 4.5%

janusd

Middle_of_the_Road said:

intalex said:

Market's making it harder to keep funds in my Skipton BRT (BoE - 0.19%, currently 4.31% AER)... hopefully they shift focus away from ISAs and catch on with the competition on easy access non-ISA offerings once the ISA "season" is over... 

Ulster Bank Loyalty saver is still 4.5%

only until April 22 when it will drop to 4.25%

dosh37

jim1999 said:

dosh37 said:

Just 2 weeks ago I opened a Kent Reliance Easy access account Iss 77 (4.55%)

Today I discovered from the MSE Top Savings list that they have subsequently introduced Iss 78 paying 4.59%.

I only found out because Charter Savings (who are also owned by 'One Savings Bank') have done something similar.

A difference of 0.04% may not sound like much but if you have savings of £85K, that's £34 over a year.

I guess they assume most savers won't be bothered to open and transfer into a new account so they create a new issue rather than increase the interest rate to existing savers.

Luckily the transfer process is relatively straightforward and not too time consuming.

Closing the old account after making the transfer does involve sending a secure message.

Looks like you might be doing it again

Doh! Indeed.

dosh37

So today (Saturday) I applied for a new Iss 79 account (4.64%).

My original Iss 77 account was still showing as 'open', despite sending a closure request secure message a few days ago.

The new account was opened successfully and appeared in the accounts list after logging out and logging back in.

I then attempted to transfer funds from the Iss 78 account (leaving just £1.00 so that the account remained open).

As it was a weekend, I had to schedule the transfer for Monday.

At this point something appeared to go wrong with the website.

Even though I was still logged on, the system asked me to login again.

I don't think it was caused by an inactivity timeout.

When I logged in again, the new account had disappeared from my accounts list!

I suspect this may be a bug in the Kent Reliance website.

I have had similar issues when opening new KR accounts in the past.

Hopefully things will get sorted on Monday.

Bridlington1

dosh37 said:

jim1999 said:

dosh37 said:

Just 2 weeks ago I opened a Kent Reliance Easy access account Iss 77 (4.55%)

Today I discovered from the MSE Top Savings list that they have subsequently introduced Iss 78 paying 4.59%.

I only found out because Charter Savings (who are also owned by 'One Savings Bank') have done something similar.

A difference of 0.04% may not sound like much but if you have savings of £85K, that's £34 over a year.

I guess they assume most savers won't be bothered to open and transfer into a new account so they create a new issue rather than increase the interest rate to existing savers.

Luckily the transfer process is relatively straightforward and not too time consuming.

Closing the old account after making the transfer does involve sending a secure message.

Looks like you might be doing it again

Doh! Indeed.

But at least you're doing it because they're pulling issues to replace them with ones at higher interest rates, after a string of cuts to savings rates in recent months it's nice to see some easy access rates briefly nudging upwards.

Kim_13

Kim_13 said:

Bridlington1 said:

@soulsaver
Saffron BS E-Saver Account (Issue 21) 4.5% £10 min

Showing online as Issue 22, I’ve just sent them a secure message asking to convert my Issue 20 to it.

There is no nominated account against my existing account, so I’ve also asked if they are able to resolve that. Last time I phoned the CS said the account couldn’t be withdrawn from to an external account, which is odd to say the least for an Easy Access.

Saffron have today processed my product switch and resolved my nominated account issue - with little more than April’s Member Loyalty RS payment plus £10 in it, much better to do it this way and wait a few days rather than going through the faff of a new application which may or may not have given me a withdrawal option at the end of it.

jaypers

Chip - Tried making a withdrawal and it’s stuck in ‘processing’…..Got the email to say I’ve made a withdrawal and balance has dropped but no funds arrived. Any ideas?