The New Top Easy Access Savings Discussion Area

RedImp_2

Not that it’s a worthwhile account but for the record Shawbrook Bank EA down to 3.3%.

Although as an aside, don’t do what I did and absentmindedly leave £400 in there. 
1 The interest rate drops to 0.05% 
2. Minimum online withdrawal is £500

Bridlington1

RedImp_2 said:

Not that it’s a worthwhile account but for the record Shawbrook Bank EA down to 3.3%.

Although as an aside, don’t do what I did and absentmindedly leave £400 in there. 
1 The interest rate drops to 0.05% 
2. Minimum online withdrawal is £500

And withdrawals arrive the next working day IIRC.

InvesterJones

RedImp_2 said:

Not that it’s a worthwhile account but for the record Shawbrook Bank EA down to 3.3%.

Although as an aside, don’t do what I did and absentmindedly leave £400 in there. 
1 The interest rate drops to 0.05% 
2. Minimum online withdrawal is £500

It's funny, they used to be near the top, but now seem to be keen not to attract new business.

KevinG

RedImp_2 said:

Not that it’s a worthwhile account but for the record Shawbrook Bank EA down to 3.3%.

Although as an aside, don’t do what I did and absentmindedly leave £400 in there. 
1 The interest rate drops to 0.05% 
2. Minimum online withdrawal is £500

If you have less than £500 in the account you can withdraw it all.

RedImp_2

KevinG said:

RedImp_2 said:

Not that it’s a worthwhile account but for the record Shawbrook Bank EA down to 3.3%.

Although as an aside, don’t do what I did and absentmindedly leave £400 in there. 
1 The interest rate drops to 0.05% 
2. Minimum online withdrawal is £500

If you have less than £500 in the account you can withdraw it all.

Yes but not online as I mentioned 

poblomov

InvesterJones said:

It's funny, they used to be near the top, but now seem to be keen not to attract new business.

You can get 4.26% easy access with them through Raisin it seems. Min £1,000. Perhaps that's their current favoured way of getting new deposits 

super_reds

RedImp_2 said:

KevinG said:

RedImp_2 said:

Not that it’s a worthwhile account but for the record Shawbrook Bank EA down to 3.3%.

Although as an aside, don’t do what I did and absentmindedly leave £400 in there. 
1 The interest rate drops to 0.05% 
2. Minimum online withdrawal is £500

If you have less than £500 in the account you can withdraw it all.

Yes but not online as I mentioned 

Add £100, then withdraw it online?

1spiral

Have Cynergy announced any rate cuts to existing accounts since the last BR cut? I don't recall seeing any mentioned here. 

SnowMan

1spiral said:

Have Cynergy announced any rate cuts to existing accounts since the last BR cut? I don't recall seeing any mentioned here. 

As they haven't updated their historic interest rates document (choose the historic interest rates tab and then you can download it) then it's a bit of a guess but I think the answer is yes they have reduced rates.

I've only got £1 in an online easy access account (issue 90) and the rate is showing when I log in as 4.19% AER so it has clearly been reduced from 4.45% AER at some point. As they don't inform you of interest rate cuts if you only have £1 in your account, I've no way of knowing when the reduction took place.

KevinG

RedImp_2 said:

KevinG said:

RedImp_2 said:

Not that it’s a worthwhile account but for the record Shawbrook Bank EA down to 3.3%.

Although as an aside, don’t do what I did and absentmindedly leave £400 in there. 
1 The interest rate drops to 0.05% 
2. Minimum online withdrawal is £500

If you have less than £500 in the account you can withdraw it all.

Yes but not online as I mentioned 

I withdrew my final interest payment of less than £1 online.