The New Top Easy Access Savings Discussion Area

brucefan_2

flaneurs_lobster said:

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.

Off Topic maybe but thank you both for bringing a smile to my face this morning,

1spiral

CuparLad said:

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

Thanks, really then they should caveat a Monday withdrawal as should be with you Tuesday but maybe by end of Weds then because FP, although should take up to 2 hours are only guaranteed by end of next working day. That's where this type of statement from Nottingham just confuses me further because I'm wondering if they've already allowed for that delay in their initial statement.

poppystar

Bridlington1 said:

@soulsaver

Vida Defined Access Iss2  (quad) 4.38% £10 min reduces to 4.11% from 3/9/25

Another waste of time setting up a new account and transferring only to find the rate reduces and it’s all been for practically nothing🙄. Not as enjoyable being in the race to the bottom as it was a couple of years ago with the race to the top! 

savethepandas

1spiral said:

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.

Closed an account with them yesterday (early afternoon), money in my nominated account first thing this morning.

janusd

@soulsaver Kent Reliance Easy Access Issue 2 @ 4.33% now NLA, replaced by Issue 3 @ 4.27%

StayinAlive

Kent Reliance

I note that, depending on your type of account there are two different login systems. I am currently on the "old" system but am interested in the EA account which means having a login for the "new" system.

Currently my login process is simple - password and memorable word. 

My question is does the "new" system have any additional security stages, (OTP, landline call, text,email)?

I'm keen to avoid any more OTP's as I have difficulty receiving them at my location.

janusd

StayinAlive said:

Kent Reliance

I note that, depending on your type of account there are two different login systems. I am currently on the "old" system but am interested in the EA account which means having a login for the "new" system.

Currently my login process is simple - password and memorable word. 

My question is does the "new" system have any additional security stages, (OTP, landline call, text,email)?

I'm keen to avoid any more OTP's as I have difficulty receiving them at my location.

on the new system, it's username / password, then an OTP (text by default, but can select email).. and then you're in.

Malchester

StayinAlive said:

Kent Reliance

I note that, depending on your type of account there are two different login systems. I am currently on the "old" system but am interested in the EA account which means having a login for the "new" system.

Currently my login process is simple - password and memorable word. 

My question is does the "new" system have any additional security stages, (OTP, landline call, text,email)?

I'm keen to avoid any more OTP's as I have difficulty receiving them at my location.

As janusd says, on their new system logging on is simple. I use email code which comes instantly. Deposits and withdrawals are as instant as you could ever get. I have the easy access account and am extremely impressed with them

As I understand they are moving all accounts to the new online system over time (this year I think)

dosh37

DRS1 said:

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

You are right.

When I phoned Leeds BS yesterday to complain about the website not working, I also confimed the existing interest rate. I was told 4.35%. I also specifically asked if the rate was likely to drop soon.

One day later and I have just received the email:-

Just as well I didn't bother to transfer my Coventry BS savings.

4.1% is one of the lowest in my portfolio - almost as bad as Chetwood (4.04%) or Marcus (3.75%).

I could transfer to Charter Savings Iss 62 (4.36%) but I expect they will also be reducing their rate before long.

If you have to pay savings tax, 4.1% equates to about 3.3%.

Inflation is currently around 3.8% so savers are losing money in real terms.

Maybe I should give up on saving and just spend it on something enjoyable like real ale.

happybagger

I'm pleased to have opened up the cahoot 4.55% and family bs 4.60% accounts while they were available 

With cahoot giving 60 days notice of reduction at least there is some insulation there