The New Top Easy Access Savings Discussion Area

chris_the_bee

dosh37 said:

1spiral said:

SnowMan said:

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.

That's interesting. Just checked my issue 90 and that says the same. My mum has this account with several thousand in (opened on 1/8 which was only 2 days after it was launched.) Having just checked with her, she has received no such email regarding a rate reduction. I would be interested to know from anyone that received the email as to what date it arrived on. In the meantime I'll keep an eye on the historical rate document.

I am in a similar situation...

I opened an Iss 90 account on 1st Aug and transferred in around 1.7K from an existing Iss 80 account.

The Iss 80 account was then closed.

I thought the Iss 90 rate was 2.26% variable + 2.19% bonus = 4.45%.

Hence today I intended to transfer savings from a Coventry 4 Access Saver (Rate reduced to from 4.5% to 4.2%).

It was only when I checked the Iss 90 rate that I discovered it has dropped to 4.19%.

I received no rate reduction notification emal from Cynergy.

Instead, I looked into transferring into an existing Leeds Online Access Saver Iss 6 (4.35%) but was unable to login to the Leeds website (IT problems at their end). I wouldn't be surprised if their rate also drops in the next few days.

All this effort just to save a few £££. Is it worth it when you also have to pay tax on savings interest.

To pay tax is a privilege!

cwep2

1spiral said:

SnowMan said:

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.

That's interesting. Just checked my issue 90 and that says the same. My mum has this account with several thousand in (opened on 1/8 which was only 2 days after it was launched.) Having just checked with her, she has received no such email regarding a rate reduction. I would be interested to know from anyone that received the email as to what date it arrived on. In the meantime I'll keep an eye on the historical rate document.

Same here and I was gonna ask the question. Account (issue 90) opened on the date it was launched, funded with >£100, no email to reduce rates, the historical rates still says the issue 90 is at 4.45% (as of 29Aug). Surely they are in breach of FCA rules?

I am gonna send a secure message and see how I get on.

dosh37

The Leeds BS website login has never worked properly...

You are first prompted for username followed by 3 characters from your password.

On Firefox, you then get this:-

When you click 'Return to Dashboard', you get this:-

After waiting long enough to make a cup of tea you get:-

If you click [Go Back] you find that you are actually now logged in.

I suspect the software was probably written on the cheap by a 12 year old who never bothered to test it on a range of browsers.

DRS1

dosh37 said:

1spiral said:

SnowMan said:

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.

That's interesting. Just checked my issue 90 and that says the same. My mum has this account with several thousand in (opened on 1/8 which was only 2 days after it was launched.) Having just checked with her, she has received no such email regarding a rate reduction. I would be interested to know from anyone that received the email as to what date it arrived on. In the meantime I'll keep an eye on the historical rate document.

I am in a similar situation...

I opened an Iss 90 account on 1st Aug and transferred in around 1.7K from an existing Iss 80 account.

The Iss 80 account was then closed.

I thought the Iss 90 rate was 2.26% variable + 2.19% bonus = 4.45%.

Hence today I intended to transfer savings from a Coventry 4 Access Saver (Rate reduced to from 4.5% to 4.2%).

It was only when I checked the Iss 90 rate that I discovered it has dropped to 4.19%.

I received no rate reduction notification emal from Cynergy.

Instead, I looked into transferring into an existing Leeds Online Access Saver Iss 6 (4.35%) but was unable to login to the Leeds website (IT problems at their end).

I get the error:-

Error 504 - Gateway Timeout

F5 site: tn2-lon

It is still broken.

I wouldn't be surprised if their rate also drops in the next few days.

All this effort just to save a few £££. Is it worth it when you also have to pay tax on savings interest.

Down to 4.1% from 16 September 2025.  Might as well leave it in Coventry.

dosh37

DRS1 said:

dosh37 said:

1spiral said:

SnowMan said:

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.

That's interesting. Just checked my issue 90 and that says the same. My mum has this account with several thousand in (opened on 1/8 which was only 2 days after it was launched.) Having just checked with her, she has received no such email regarding a rate reduction. I would be interested to know from anyone that received the email as to what date it arrived on. In the meantime I'll keep an eye on the historical rate document.

I am in a similar situation...

I opened an Iss 90 account on 1st Aug and transferred in around 1.7K from an existing Iss 80 account.

The Iss 80 account was then closed.

I thought the Iss 90 rate was 2.26% variable + 2.19% bonus = 4.45%.

Hence today I intended to transfer savings from a Coventry 4 Access Saver (Rate reduced to from 4.5% to 4.2%).

It was only when I checked the Iss 90 rate that I discovered it has dropped to 4.19%.

I received no rate reduction notification emal from Cynergy.

Instead, I looked into transferring into an existing Leeds Online Access Saver Iss 6 (4.35%) but was unable to login to the Leeds website (IT problems at their end).

I get the error:-

Error 504 - Gateway Timeout

F5 site: tn2-lon

It is still broken.

I wouldn't be surprised if their rate also drops in the next few days.

All this effort just to save a few £££. Is it worth it when you also have to pay tax on savings interest.

Down to 4.1% from 16 September 2025.  Might as well leave it in Coventry.

Incorrect. Leeds Online Access Saver Iss 6 (no longer available) is still showing 4.35%.

https://www.leedsbuildingsociety.co.uk/_resources/pdfs/savings-pdfs/closed-account-pdfs/closed-rates.pdf

dosh37

If the Leeds Iss 6 rate drops I will end up moving yet again to an exiting Charter Savings Easy Access Issue 62 (4.36%). That account is also no longer available.

I spend so much time time entering user names, passwords, 'memorable'? information, one time authentication codes, struggling with websites that don't work as they should, trying to prove I am not a robot, squinting at tiny Captcha images of bicycles or bridges, dealing with supid banking apps (e.g. the Oxbury Bank authenticator app) that require a phone, waiting for my phone to power up, trying to get my phone to recognise my finger print, entering the phone passcode, trying to get my phone to communicate with my PC over Phone Link so I can receive two factor authentication codes, setting up a new payee on my linked bank current account, confirming the new account number with a phone call from the bank, transferring £1 as a test to make sure the transfer will work. etc. etc, etc.

It does my head in :-(

flaneurs_lobster

dosh37 said:

If the Leeds Iss 6 rate drops I will end up moving yet again to an exiting Charter Savings Easy Access Issue 62 (4.36%). That account is also no longer available.

I spend so much time time entering user names, passwords, 'memorable'? information, one time authentication codes, struggling with websites that don't work as they should, trying to prove I am not a robot, squinting at tiny Captcha images of bicycles or bridges, dealing with supid banking apps (e.g. the Oxbury Bank authenticator app) that require a phone, waiting for my phone to power up, trying to get my phone to recognise my finger print, entering the phone passcode, trying to get my phone to communicate with my PC over Phone Link so I can receive two factor authentication codes, setting up a new payee on my linked bank current account, confirming the new account number with a phone call from the bank, transferring £1 as a test to make sure the transfer will work. etc. etc, etc.

It does my head in :-(

If it really is a chore then just withdraw your cash from all these annoying regular savers and bung it in a National Savings account. Guaranteed safe and an OK-ish interest rate.

Or play the game with dozens of accounts needing feeding with small amounts every month. 

Some seem to have more or less automated the process with chains of standing orders, I tried this but it all went to ratpoop on the first month-start over a week-end. 

I think you have to treat it as a 'hobby' or 'game', and develop ownership of a system working for your benefit. 

Spreadsheets are your friends.

EDIT, sorry - not topical for the Easy Access thread.

DRS1

dosh37 said:

DRS1 said:

dosh37 said:

1spiral said:

SnowMan said:

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.

That's interesting. Just checked my issue 90 and that says the same. My mum has this account with several thousand in (opened on 1/8 which was only 2 days after it was launched.) Having just checked with her, she has received no such email regarding a rate reduction. I would be interested to know from anyone that received the email as to what date it arrived on. In the meantime I'll keep an eye on the historical rate document.

I am in a similar situation...

I opened an Iss 90 account on 1st Aug and transferred in around 1.7K from an existing Iss 80 account.

The Iss 80 account was then closed.

I thought the Iss 90 rate was 2.26% variable + 2.19% bonus = 4.45%.

Hence today I intended to transfer savings from a Coventry 4 Access Saver (Rate reduced to from 4.5% to 4.2%).

It was only when I checked the Iss 90 rate that I discovered it has dropped to 4.19%.

I received no rate reduction notification emal from Cynergy.

Instead, I looked into transferring into an existing Leeds Online Access Saver Iss 6 (4.35%) but was unable to login to the Leeds website (IT problems at their end).

I get the error:-

Error 504 - Gateway Timeout

F5 site: tn2-lon

It is still broken.

I wouldn't be surprised if their rate also drops in the next few days.

All this effort just to save a few £££. Is it worth it when you also have to pay tax on savings interest.

Down to 4.1% from 16 September 2025.  Might as well leave it in Coventry.

Incorrect. Leeds Online Access Saver Iss 6 (no longer available) is still showing 4.35%.

https://www.leedsbuildingsociety.co.uk/_resources/pdfs/savings-pdfs/closed-account-pdfs/closed-rates.pdf

Those are rates as at 01/09/25.  What you want is this page
Changes to our savings accounts | Leeds Building Society

1spiral

Do Nottingham B/S withdrawals arrive same day?

Their FAQ state withdrawals on a Monday will reach your account on Tuesday but underneath the table they state "Faster Payments requested after 4pm...................." so is it a next day withdrawal or a faster payment.

CuparLad

If I recall, it's both. Your withdrawal request is processed the next working day and sent as a faster payment.