The New Top Easy Access Savings Discussion Area

liamcov

ThePirates said:

liamcov said:

So how many of these 6% easy-access/'regular saver' accounts can one person have?

You can have 2, 1 for each Edge Current Account you hold.

How is it possible to have 2 Edge c/a? My app is only showing the paid versions as available for me to open. 

Slinky

liamcov said:

ThePirates said:

liamcov said:

So how many of these 6% easy-access/'regular saver' accounts can one person have?

You can have 2, 1 for each Edge Current Account you hold.

How is it possible to have 2 Edge c/a? My app is only showing the paid versions as available for me to open. 

Just answering to hopefully close down this topic again, you can have two edge current accounts if you have a single and a joint account 

/subject closed

ThePirates

Slinky said:

Just answering to hopefully close down this topic again, you can have two edge current accounts if you have a single and a joint account 

/subject closed

Sorry it's not closed, I have 2 sole accounts.

clairec666

ThePirates said:

Slinky said:

Just answering to hopefully close down this topic again, you can have two edge current accounts if you have a single and a joint account 

/subject closed

Sorry it's not closed, I have 2 sole accounts.

https://forums.moneysavingexpert.com/discussion/6534798/the-new-top-easy-access-savings-discussion-area

clivep

EthicsGradient said:

Arrrghh. Maybe this has been noted here before, but:
I set up an annual interest Cahoot Simple Saver account. A few days later, I had put £3000 in it, and yesterday I thought "I may as well 'upgrade' it to a Sunny Day Saver - it should only take a few minutes". It did. The Sunny Day Saver retains the same account number, and the "(A)" suffix, meaning "annual interest", I presume. It showed as 5.00% interest, and £3000 balance.
Today, I log in, and see it shows as balance £3001.11, and 0.00% interest. They have added the 4 days' interest I earned before conversion, which has pushed it over the limit - despite the complete transaction list that I made to it as a "Simple Saver" still being assigned to it (which implies it's a continuous account), and despite it being an "annual" account, that you'd expect to remain without credited interest until 10 Oct 2026. And they didn't even do it at the time, but waited until my back was turned.

So I've moved £3 out, and I'll have to see what they set the interest rate to tomorrow.

Cahoot

This is how it works.

The account number, interest frequency and even the date of opening remain unchanged. However, accrued interest on the old account is paid (as would normally happen when an account is closed) and the bonus interest period starts running with the next annual interest date being 12 months from the date of upgrade (rather than the anniversary of original opening date.

Don't worry about the interest rate that's shown. It always shows zero if the balance is over £3,000 but you still get the 5% on the £3,000. You'll see the 5% tomorrow.

jameseonline

enthusiasticsaver said:

Dear all

I have received a complaint from posters about the off topic discussion about the Edge Saver on this RS saver thread.  I have passed this forward to the forum team to decide whether to remove the last three pages of discussion to the Edge Saver thread as there is already one on the forum.  I suggest any discussion of this moving forward be posted on the correct thread. I will not weigh in myself as to whether I consider the Edge to be a RS but needless to say it is not designated as such. 

Perhaps we can now consider this discussion closed on this thread though please? 

I responded to the person who interpreted the email wrong, rightly or wrongly people can interpret edge as a regular same as things such as NatWest and RBS Digital.

All 3 could be interpreted as Easy Access & Regular Saver.

All 3 pay monthly interest.

All 3 you can pay in whenever.

Standard Regular Savers you have to wait 1 year for any interest.

There are threads on Edge yes, I'm not sure why multiple people seem to have complained, not like someone started talking about mortgages or wearing a green shirt etc, Edge Saver is still savings regardless.

I don't consider this thread massively derailed etc, but agree we should move on for now.

System

This discussion was created from comments split from: The Top Regular Savers Discussion Thread.

System

This discussion was created from comments split from: The Top Regular Savers Discussion Thread.

littlemissbossy

Blimey, there’s that many new posts on here I thought a cracking new EA account had been launched. 

Bridlington1

@soulsaver

Harpenden BS Online Single Access (Issue 2) £100 min 4.21%