The New Top Easy Access Savings Discussion Area

schiff

What governs the monthly interest date on a Cahoot SS, is it the anniversary of opening the account or a standard date for everyone?

Bridlington1

schiff said:

What governs the monthly interest date on a Cahoot SS, is it the anniversary of opening the account or a standard date for everyone?

Anniversary of account opening.

ircE

True EA entries are easy access savings accounts which can be opened, and the headline interest rate earned, with a minimum balance of no more than £10. These accounts allow unlimited withdrawals. The table includes time-limited bonuses and accounts for new customers only - but excludes fee-charging accounts, accounts limited to smaller balances, and accounts only available via savings marketplaces. Instant True EA entries are True EA accounts that advertise immediate deposit and withdrawal times 24/7. Highlighted entries show changes since last time: green for rate increases, red for rate reductions, and blue for new entries to the respective table.

Next base rate d-day is next Thursday 18th.

RedImp_2

Bridlington1 said:

@soulsaver

Shawbrook Bank Bonus Easy Access Savings Account - Issue 1 4.3% (includes 2.8% bonus for 6 months) £1 min.

Available to those who haven't held an account with them within the last 28 days.

Should be like insurance (I think) & made to offer same rates to existing customers (still have an open account with zero balance)

BACKTOBACK

I am lucky to have an old NLA account with West Brom that still pays 4.31%. I have just over £100k with them which is protected for six months fscs due to a personal injury payout.
West Brom customer service is good but i am concerned that all you can see is around 5 transactions in the online portal. There is no way to get a statement from them. You cant print a transaction list, balance, or statement.
If there is a problem with the online portal, or West Brom go down it could be a problem.
Also i will need to provide proof of funds for a future property purchase just makes things difficult.
I am grateful for the higher rate, but think its odd to not offer any type of statement?

flaneurs_lobster

BACKTOBACK said:

I am lucky to have an old NLA account with West Brom that still pays 4.31%. I have just over £100k with them which is protected for six months fscs due to a personal injury payout.
West Brom customer service is good but i am concerned that all you can see is around 5 transactions in the online portal. There is no way to get a statement from them. You cant print a transaction list, balance, or statement.
If there is a problem with the online portal, or West Brom go down it could be a problem.
Also i will need to provide proof of funds for a future property purchase just makes things difficult.
I am grateful for the higher rate, but think its odd to not offer any type of statement?

Yes, odd not to offer a statement for the accounts, although I can see all transactions for my accounts online.

Try giving them a ring or chat https://www.westbrom.co.uk/customer-support/contact-us

Of more concern to me is their utter lack of any form of 2FA and no password just a 4 digit PIN, and I've only got a couple of £k in there, not six figures!

janusd

@soulsaver

not quite one for the top 10 yet, but Tesco have launched an Internet Saver paying 4.20% including a 3.15% bonus for the first 12 months.

mon3ysav3r

flaneurs_lobster said:

BACKTOBACK said:

I am lucky to have an old NLA account with West Brom that still pays 4.31%. I have just over £100k with them which is protected for six months fscs due to a personal injury payout.
West Brom customer service is good but i am concerned that all you can see is around 5 transactions in the online portal. There is no way to get a statement from them. You cant print a transaction list, balance, or statement.
If there is a problem with the online portal, or West Brom go down it could be a problem.
Also i will need to provide proof of funds for a future property purchase just makes things difficult.
I am grateful for the higher rate, but think its odd to not offer any type of statement?

Yes, odd not to offer a statement for the accounts, although I can see all transactions for my accounts online.

Try giving them a ring or chat https://www.westbrom.co.uk/customer-support/contact-us

Of more concern to me is their utter lack of any form of 2FA and no password just a 4 digit PIN, and I've only got a couple of £k in there, not six figures!

As soon as you try to do anything other than just view, such as a transfer, even an internal transfer between West Brom accounts, it requires 2FA (phone txt verification).

refluxer

BACKTOBACK said:

I am lucky to have an old NLA account with West Brom that still pays 4.31%. I have just over £100k with them which is protected for six months fscs due to a personal injury payout.
West Brom customer service is good but i am concerned that all you can see is around 5 transactions in the online portal. There is no way to get a statement from them. You cant print a transaction list, balance, or statement.
If there is a problem with the online portal, or West Brom go down it could be a problem.
Also i will need to provide proof of funds for a future property purchase just makes things difficult.
I am grateful for the higher rate, but think its odd to not offer any type of statement?

That doesn't sound great - I've not personally come across an easy access savings account that didn't come with some form of regular statements. Statements for few of mine are issued annually rather than monthly, but you can view plenty of previous transactions in online banking or print/save off your own bespoke statements if needed.

There are a number of easy access accounts currently paying more than 4.31% so, as you're not vastly over the £85k FSCS limit, you could open a couple and split your savings between them so that the temporary high balance thing is no longer an issue. A boosted Chase Saver (currently 4.75%) would be a good option for the bulk of it if you've not held an account with them before and (if you want to avoid the likes of Chip or Revolut) Cahoot (owned by Santander) would be fine for the remainder. I wouldn't imagine you'd have the statement or transaction visibility issues you're having with West Brom, with either of those.

It's worth noting there's actually a proposal to increase the standard FSCS limit to £110k - the outcome of the consultation is due in November and it could potentially kick in as early as December.

flaneurs_lobster

mon3ysav3r said:

flaneurs_lobster said:

BACKTOBACK said:

I am lucky to have an old NLA account with West Brom that still pays 4.31%. I have just over £100k with them which is protected for six months fscs due to a personal injury payout.
West Brom customer service is good but i am concerned that all you can see is around 5 transactions in the online portal. There is no way to get a statement from them. You cant print a transaction list, balance, or statement.
If there is a problem with the online portal, or West Brom go down it could be a problem.
Also i will need to provide proof of funds for a future property purchase just makes things difficult.
I am grateful for the higher rate, but think its odd to not offer any type of statement?

Yes, odd not to offer a statement for the accounts, although I can see all transactions for my accounts online.

Try giving them a ring or chat https://www.westbrom.co.uk/customer-support/contact-us

Of more concern to me is their utter lack of any form of 2FA and no password just a 4 digit PIN, and I've only got a couple of £k in there, not six figures!

As soon as you try to do anything other than just view, such as a transfer, even an internal transfer between West Brom accounts, it requires 2FA (phone txt verification).

Ah, that's better than i thought. Thanks for heads-up.