The New Top Easy Access Savings Discussion Area

Bobblehat

May not interest too many forumites but Oaknorth just emailed with a rate drop to EA Issue 16 (NLA) 3.25% down to 3.00% AER on 23rd May. There are many issues of the EA currently sitting at 3.25%, so no doubt other issues could be dropping too. I'll leave my lonely £1 in there to keep my foot in the door!

rallycurve

moi said:

SnowMan said:

moi said:

SnowMan said:

I've opened a Cahoot... The terms and conditions say you can close the account by phoning in or writing. But was wondering if secure message might work also? 

"Account closure" is an option in Cahoot's secure message menu, but, oddly they won't close an account that way! 🙄🤷‍♂️

Thanks. Managed to close it by phone now. But they tell me you can close by secure message now apparently (that's a recent change). Just need to send secure message giving details of which account to close (account number and sort code) and move to (account number and sort code) and your address, and where to pay the trailing interest.

Good to know! It must be very recent because just last month I and others here were told no when asking to close an ac by secure message.

I tried to close my Cahoot account via secure message and received this reply from them on 16/04/2025:

We can’t close accounts via secure messaging. Please contact us on the number below and one of our team members can action the closure of your account.

If anyone tries now and succeeds please let us know!

where_are_we

Just opened West Brom 4 access saver @4.65%. Already a customer. No problems with application. Just have to wait up to 3 days for them to confirm all my information.

SnowMan

where_are_we said:

Just opened West Brom 4 access saver @4.65%. Already a customer. No problems with application. Just have to wait up to 3 days for them to confirm all my information.

When I tried to open the West Brom 4 access saver issue 2 a while back (I already had issue 1) I had to fill in all my details again. Eventually got a reply a few days later 'We have been unable to verify your application data against our existing customer records and are therefore unable to progress your new account request. The personal details on your application must match the details we hold for you currently, including your address, personal details and contact details. Please ensure that your details are up to date with us; once updated we invite you to submit a new application.'

When I logged in I found that the system doesn't allow me to access my customer details so what they were suggesting wasn't possible . So I rang up, it turned out everything was identical except my address they held included my county, but the address I had completed didn't have the county on it. I explained they both uniquely identified my address correctly. However they refused to accept my application, and said I would have to make a further application this time entering my address with the county.

I gave up at that point.

Hope you have better luck.

sammy_zammy

Just got an email from Atom Bank for the Instant Saver Reward:

Following the Bank of England’s decision to reduce its base rate, we’re pleased to confirm that your Reward rate will stay at 4.75% AER* / 4.65% gross (variable).

However, we’ve decided to lower the Withdrawal rate from 23rd May.

Current Withdrawal rate
3.00% AER* / 2.96% gross (variable)

New Withdrawal rate
2.50% AER* / 2.47% gross (variable)

That’s awfully nice of them!

Speculator

where_are_we said:

Just opened West Brom 4 access saver @4.65%. Already a customer. No problems with application. Just have to wait up to 3 days for them to confirm all my information.

submitted application at 12.05pm, received message to confirm its open at 14.57.

"Hi, your new account is now open. You will shortly receive an email with details of your new account and how to make a deposit."

already a customer.

mebu60

mon3ysav3r said:

BreakingGlass said:

I messaged West Brom to clarify.  Herewith their response:

Thank you for your email. From Thursday 8th May 2025 the rate on our Four Access Saver (Issues 1 and 2) increased from 4.40% to 4.65%. Please contact us via the methods below if you require further support.

I like their response to the Bank England interest rate cut, long may it continue!

Shame I used up one of the 4 accesses removing funds when the rate dropped in March.

Ditto but I think I now know where GB Bank funds will be headed next Tuesday when they drop from 4.7% to 4.35%. Benefits of leaving £1 in West Brom. 

janusdesign

Bobblehat said:

May not interest too many forumites but Oaknorth just emailed with a rate drop to EA Issue 16 (NLA) 3.25% down to 3.00% AER on 23rd May. There are many issues of the EA currently sitting at 3.25%, so no doubt other issues could be dropping too. I'll leave my lonely £1 in there to keep my foot in the door!

their latest EA Issue 22 is 2.00% - so keep your foot there for now!

I had an email that my OakNorth Limited Edition Easy Access (Issue 5) is reducing from 4.32% to 4.05% on 23rd May - they could have least made it 4.07% and not rounded down! Issue 9 was launched yesterday at 4.05% too.

ONB_Personal-Notice-Account-Current-Interest-Rates-All-Issues.pdf

allegro120

sammy_zammy said:

Just got an email from Atom Bank for the Instant Saver Reward:

Following the Bank of England’s decision to reduce its base rate, we’re pleased to confirm that your Reward rate will stay at 4.75% AER* / 4.65% gross (variable).

However, we’ve decided to lower the Withdrawal rate from 23rd May.

Current Withdrawal rate
3.00% AER* / 2.96% gross (variable)

New Withdrawal rate
2.50% AER* / 2.47% gross (variable)

That’s awfully nice of them!

I got it too. I've recorded it in my spreadsheet, but this change doesn't make any difference to me because I won't be keeping a penny in this account during the "withdrawal rate" intervals.  I remember dealing with HSBC Online Bonus Saver - the same thing, withdraw on the day the interest is credited and don't come back for a month. 

shirley999

rallycurve said:

moi said:

SnowMan said:

moi said:

SnowMan said:

I've opened a Cahoot... The terms and conditions say you can close the account by phoning in or writing. But was wondering if secure message might work also? 

"Account closure" is an option in Cahoot's secure message menu, but, oddly they won't close an account that way! 🙄🤷‍♂️

Thanks. Managed to close it by phone now. But they tell me you can close by secure message now apparently (that's a recent change). Just need to send secure message giving details of which account to close (account number and sort code) and move to (account number and sort code) and your address, and where to pay the trailing interest.

Good to know! It must be very recent because just last month I and others here were told no when asking to close an ac by secure message.

I tried to close my Cahoot account via secure message and received this reply from them on 16/04/2025:

We can’t close accounts via secure messaging. Please contact us on the number below and one of our team members can action the closure of your account.

If anyone tries now and succeeds please let us know!

I secure messaged them a couple of days ago to close my account, which has a zero balance, and pay interest into my new account with them.  They replied saying I should make the balance zero then ask again, stating which account I wanted interest paying into.  Also asking for confirmation of my full address.  Annoying I had to write it all out again when all they needed was confirmation of my address.  They didn’t say they couldn’t do it though.