The New Top Easy Access Savings Discussion Area

chris_the_bee

janusdesign said:

SnowMan said:

Cahoot Simple Saver issue 10 paying 4.55% AER no longer available. Replaced by Cahoot Simple Saver issue 11 paying 4.4% AER.

https://www.cahoot.com/products-and-services/cahoot-simple-saver 

it had to happen eventually - I can report the upgrade option still works as I upgraded my Issue 9 (paying 4.41%) to another Sunny Day Saver (put £3k in) and then opened an Issue 11 (put £1 in) - both are reporting the correct rates on the site and in the app (though they were before funding too).

tightbloke61 said:

The Sunny Saver won't be far behind being cut I think, currently @ 5% AER,  4.89% Gross

hopefully not before the 13th as I have a bond maturing then - even if an Issue 6 paying 4.75% or similar is launched, that's still far more than i'm getting with the bond.

They will give 60 days notice of any rate reduction.

janusd

chris_the_bee said:

janusdesign said:

SnowMan said:

Cahoot Simple Saver issue 10 paying 4.55% AER no longer available. Replaced by Cahoot Simple Saver issue 11 paying 4.4% AER.

https://www.cahoot.com/products-and-services/cahoot-simple-saver 

it had to happen eventually - I can report the upgrade option still works as I upgraded my Issue 9 (paying 4.41%) to another Sunny Day Saver (put £3k in) and then opened an Issue 11 (put £1 in) - both are reporting the correct rates on the site and in the app (though they were before funding too).

tightbloke61 said:

The Sunny Saver won't be far behind being cut I think, currently @ 5% AER,  4.89% Gross

hopefully not before the 13th as I have a bond maturing then - even if an Issue 6 paying 4.75% or similar is launched, that's still far more than i'm getting with the bond.

They will give 60 days notice of any rate reduction.

but that won't matter for upgrading the bond if the current issue gets pulled before the 13th.

dosh37

SnowMan said:

The no longer available West Brom 4 access saver (issue 1) and no longer available West Brom 4 access saver (issue 2) are reducing from 4.65% AER to 4.4% AER on 15th September 

https://www.westbrom.co.uk/savings/savings-interest-rates-at-a-glance

(click on 'Variable interest rates for accounts not available to open')

This aligns them from 15th September with the currently available West Brom 4 access saver (issue 3) which reduces to 4.4% AER from 4.55% AER also on 15th September. 

Interesting.

I have a Four Access Saver Iss 2.

My understanding is that banks etc have a legal obligation to notify customers of any reduction in interest rates.

I have not yet received an email from them.

ForumUser7

dosh37 said:

SnowMan said:

The no longer available West Brom 4 access saver (issue 1) and no longer available West Brom 4 access saver (issue 2) are reducing from 4.65% AER to 4.4% AER on 15th September 

https://www.westbrom.co.uk/savings/savings-interest-rates-at-a-glance

(click on 'Variable interest rates for accounts not available to open')

This aligns them from 15th September with the currently available West Brom 4 access saver (issue 3) which reduces to 4.4% AER from 4.55% AER also on 15th September. 

Interesting.

I have a Four Access Saver Iss 2.

My understanding is that banks etc have a legal obligation to notify customers of any reduction in interest rates.

I have not yet received an email from them.

The notice period varies between providers - it should say in the ts and cs. Also can depend on your balance - I believe if less than £100, the FCA does not require notification of rate changes 

SnowMan

dosh37 said:

SnowMan said:

The no longer available West Brom 4 access saver (issue 1) and no longer available West Brom 4 access saver (issue 2) are reducing from 4.65% AER to 4.4% AER on 15th September 

https://www.westbrom.co.uk/savings/savings-interest-rates-at-a-glance

(click on 'Variable interest rates for accounts not available to open')

This aligns them from 15th September with the currently available West Brom 4 access saver (issue 3) which reduces to 4.4% AER from 4.55% AER also on 15th September. 

Interesting.

I have a Four Access Saver Iss 2.

My understanding is that banks etc have a legal obligation to notify customers of any reduction in interest rates.

I have not yet received an email from them.

Their requirement is to give 14 days notice of an interest rate decrease by email or letter if you have over £100 in the account (it's in the product specific terms and conditions which refers to the general terms sections 5d and 5e).

So they've got until about 1st September to send out the notifications. I've also not received a notification yet.

chris_the_bee

dosh37 said:

SnowMan said:

The no longer available West Brom 4 access saver (issue 1) and no longer available West Brom 4 access saver (issue 2) are reducing from 4.65% AER to 4.4% AER on 15th September 

https://www.westbrom.co.uk/savings/savings-interest-rates-at-a-glance

(click on 'Variable interest rates for accounts not available to open')

This aligns them from 15th September with the currently available West Brom 4 access saver (issue 3) which reduces to 4.4% AER from 4.55% AER also on 15th September. 

Interesting.

I have a Four Access Saver Iss 2.

My understanding is that banks etc have a legal obligation to notify customers of any reduction in interest rates.

I have not yet received an email from them.

Only if you have £100.00+ I believe

schiff

Email from Newcastle BS - 6 month variable issues 1 and 2 reduced from 4.40% to 4.15% wef 4/9/25

Bridlington1

@soulsaver
Nottingham BS Bonus Access Saver 11 4.35%, £1k min, includes 2.3% bonus till 31/10/26.

Bridlington1

@soulsaver
West Brom BS Four Access Saver Issue 3  4.55% Min £1 NLA

alfred64

West Brom is the only bs that I know of that has a branch open until 6pm on Saturdays.( Correct me if I am wrong.)
New Sq. west Bromwich:

Opening times

Monday	9:15am - 6:00pm
Tuesday	9:30am - 6:00pm
Wednesday	9:15am - 6:00pm
Thursday	9:15am - 6:00pm
Friday	9:15am - 6:00pm
Saturday	9:15am - 6:00pm