The New Top Easy Access Savings Discussion Area

fun4everyone

Anyone got the Kent Reliance Easy Access Issue 79?  I opened it last night after reading all the documents.  This was in the email I received after being successful.

"If you haven't done so already, please remember to fund your account with your initial deposit within the next 7 days. Please ignore this reminder if you have submitted a request to fund your account via an ISA transfer, we will reach out to your provider and arrange the transfer of funds.

Your account opening date will start from the date the initial deposit is received. You will then have 14 days from that date to make any further deposits into your account. After this time, any further deposits will not be accepted."

!!!!!! No deposits after 14 days?  I read all the t&c and saw no mention of that.  Possibly my mistake though.  Majorly different to what I thought I was signing up to.

I've tried to call them to find out if its just wrong information.  Nobody answers the phone of course (40 minutes and counting). 

mon3ysav3r

fun4everyone said:

Anyone got the Kent Reliance Easy Access Issue 79?  I opened it last night after reading all the documents.  This was in the email I received after being successful.

"If you haven't done so already, please remember to fund your account with your initial deposit within the next 7 days. Please ignore this reminder if you have submitted a request to fund your account via an ISA transfer, we will reach out to your provider and arrange the transfer of funds.

Your account opening date will start from the date the initial deposit is received. You will then have 14 days from that date to make any further deposits into your account. After this time, any further deposits will not be accepted."

!!!!!! No deposits after 14 days?  I read all the t&c and saw no mention of that.  Possibly my mistake though.  Majorly different to what I thought I was signing up to.

I've tried to call them to find out if its just wrong information.  Nobody answers the phone of course (40 minutes and counting). 

Unfortunately Kent Reliance have been sending out the wrong information for a while for their Easy Access Issues (for me 76, 78 and 79).

I can confirm that for me:

1)  I COULD make deposits after 14 days, and

2) They didn't close my account when I don't fund within 7 days of opening, in fact it took me many weeks to fund

fun4everyone

mon3ysav3r said:

Unfortunately Kent Reliance have been sending out the wrong information for a while for their Easy Access Issues (for me 76, 78 and 79).

I can confirm that for me:

1)  I COULD make deposits after 14 days, and

2) They didn't close my account when I don't fund within 7 days of opening, in fact it took me many weeks to fund

Thanks for the quick reply and info. I've tried to fund it immediately so that parts ok. 14 day thing is a bit dumb to be sending out in emails though if it is not true, particularly if its been going on for a while. I can't get through on the phone so will just have to hope I guess. Pretty poor.

SnowMan

Will the Bank of England Cut Interest Rates After Trump Tariff Turmoil?

https://www.morningstar.co.uk/uk/news/263184/will-the-bank-of-england-cut-interest-rates-after-trump-tariff-turmoil.aspx

Apparently there is a 103.1% chance of base rate being cut on 8th May according to interest rate swaps data. That's a bit like someone saying they are putting in 110% effort. I presume it means that it's very slightly more likely that bank base rate will be cut by 0.5% than being held at 4.5%, but a 0.25% cut is likely to be the outcome.

slinger2

A base rate cut in May has been a strong possibility for a while, but is now looking even more likely. Of course the meeting is still a month off and much can change in that time, either to make a rate cut more or less likely.

happybagger

The one thing that won't change is the inflationary policies implemented by UK Gov which are hardly conducive to having inflation at its mandated 2% target. But I'll resist taking the thread off topic 

slinger2

My experience has always been that looking where put their money is a much better way of predicting the future that reading idle speculation in the media and elsewhere. As such I'm expecting a rate reduction next month. Of course, nothing's guaranteed either way.

StayinAlive

fun4everyone said:

Anyone got the Kent Reliance Easy Access Issue 79?  I opened it last night after reading all the documents.  This was in the email I received after being successful.

"If you haven't done so already, please remember to fund your account with your initial deposit within the next 7 days. Please ignore this reminder if you have submitted a request to fund your account via an ISA transfer, we will reach out to your provider and arrange the transfer of funds.

Your account opening date will start from the date the initial deposit is received. You will then have 14 days from that date to make any further deposits into your account. After this time, any further deposits will not be accepted."

!!!!!! No deposits after 14 days?  I read all the t&c and saw no mention of that.  Possibly my mistake though.  Majorly different to what I thought I was signing up to.

I've tried to call them to find out if its just wrong information.  Nobody answers the phone of course (40 minutes and counting). 

I opened an Issue 79 and got the same email as you. It does go on to say in the next paragraph, however, "Please note: Additional deposits can be made to notice and easy access accounts at any time".

Malchester

StayinAlive said:

fun4everyone said:

Anyone got the Kent Reliance Easy Access Issue 79?  I opened it last night after reading all the documents.  This was in the email I received after being successful.

"If you haven't done so already, please remember to fund your account with your initial deposit within the next 7 days. Please ignore this reminder if you have submitted a request to fund your account via an ISA transfer, we will reach out to your provider and arrange the transfer of funds.

Your account opening date will start from the date the initial deposit is received. You will then have 14 days from that date to make any further deposits into your account. After this time, any further deposits will not be accepted."

!!!!!! No deposits after 14 days?  I read all the t&c and saw no mention of that.  Possibly my mistake though.  Majorly different to what I thought I was signing up to.

I've tried to call them to find out if its just wrong information.  Nobody answers the phone of course (40 minutes and counting). 

I opened an Issue 79 and got the same email as you. It does go on to say in the next paragraph, however, "Please note: Additional deposits can be made to notice and easy access accounts at any time".

I opened this account and noticed the line in the email re no further additions after 14 days. I rang them and was told any confusion was all my own fault. Their communication was alright they said and was not confusing despite being contradictory 

fun4everyone

StayinAlive said:

I opened an Issue 79 and got the same email as you. It does go on to say in the next paragraph, however, "Please note: Additional deposits can be made to notice and easy access accounts at any time".

Thanks. It was my mistake indeed then!