The New Top Easy Access Savings Discussion Area

HHUK

Hodge Bank

Yep, although the rate reduction doesn't happen until 25 November, all bar £1 of my balance is already in transit to Cahoot.

refluxer

Semiartificial said:

Well that's nice. I opened an account with Hodge on the 9th at 4.21%, put £8k in it, and 2 days later they drop it to 4.04%. No bank rate change to justify it. Fortunately it's really easy to move it out ... which I will.

FWIW, I think both Ulster and Caboot have to give 60 days notice of a rate reduction so may be worth considering if you'd like a good rate and want to guarantee it for at least a couple of months.

(Worth noting that you'll need a smartphone with biometrics enabled to make large withdrawals from the Ulster Limited Edition Saver, plus a minimum balance of £5K for the higher interest rate)

SH88SH88

Kent Rel

My EA with Kent Rel was supposed to convert to the new platform over last weekend. Not heard anything from them, not particularly worried as I don't have a pressing need to move funds in/out ... just wondering if anyone else who was due for account conversion has heard anything. ?? 

Born2Save_3

SH88SH88 said:

Kent Rel

My EA with Kent Rel was supposed to convert to the new platform over last weekend. Not heard anything from them, not particularly worried as I don't have a pressing need to move funds in/out ... just wondering if anyone else who was due for account conversion has heard anything. ?? 

I received an email stating the following :

"We previously confirmed your Easy Access accounts would be moving to our new Online Services in the near future.

We’re now confirming we expect this move to go ahead next year rather than this year.

Why has the move been delayed?

We’re moving customers to the new Online Services in stages, and only when we’re sure we can do this with no issues or disruption to your accounts and services.

 There may have been a change in your account status or even a technical issue which means we’ve had to delay your move for now.

We know we sent you communications about the move and you would have been expecting this to happen. We’re sorry if the change of timing we’re now confirming causes you any inconvenience or concern.

Please don’t worry – delaying the move for now will help us to make sure everything is fully ready, and we can make sure the move happens smoothly for you.

What do you need to do?

You don’t need to do anything. Just keep managing your accounts as you do today, using your current Online Services login details.

Your accounts terms and conditions and the way the accounts work will also stay the same for now.

We still plan to move your accounts to our new Online Services in the future. We’ll reach out to you again and give you plenty of notice when we plan to go ahead."

Bob2000

I'm currently  looking at Tesco's easy access account. 4.2%, (INTERNET  SAVER) do they generally drop the interest rate quickly?
Never used them before.

chris_the_bee

Born2Save_3 said:

SH88SH88 said:

Kent Rel

My EA with Kent Rel was supposed to convert to the new platform over last weekend. Not heard anything from them, not particularly worried as I don't have a pressing need to move funds in/out ... just wondering if anyone else who was due for account conversion has heard anything. ?? 

I received an email stating the following :

"We previously confirmed your Easy Access accounts would be moving to our new Online Services in the near future.

We’re now confirming we expect this move to go ahead next year rather than this year.

Why has the move been delayed?

We’re moving customers to the new Online Services in stages, and only when we’re sure we can do this with no issues or disruption to your accounts and services.

 There may have been a change in your account status or even a technical issue which means we’ve had to delay your move for now.

We know we sent you communications about the move and you would have been expecting this to happen. We’re sorry if the change of timing we’re now confirming causes you any inconvenience or concern.

Please don’t worry – delaying the move for now will help us to make sure everything is fully ready, and we can make sure the move happens smoothly for you.

What do you need to do?

You don’t need to do anything. Just keep managing your accounts as you do today, using your current Online Services login details.

Your accounts terms and conditions and the way the accounts work will also stay the same for now.

We still plan to move your accounts to our new Online Services in the future. We’ll reach out to you again and give you plenty of notice when we plan to go ahead."

Kent Rel
Can you not close your existing EA and open an EA on the new platform? The new  one is far superior to the old with truly instant 24/7 in & out. Or does it not work rate wise?

ColdIron

Bob2000 said:

I'm currently  looking at Tesco's easy access account. 4.2%, (INTERNET  SAVER) do they generally drop the interest rate quickly?
Never used them before.

They are not quick to drop rates. The bonus is fixed and makes up the majority of the total rate, what they usually do is to replace the existing offer with a lower bonus. The only way to drop rates on older offers is to cut the standard rate of interest, the last time they did that was 15/07/2025, a few MPCs ago, and even then it only reduced 0.10%. They are worth opening speculatively and can become attractive over time

happybagger

Krbs
Their current offering only pays 3.51% (new platform)
That's probably the reason🙂

SickGroove

How much notice do Zopa need to give before they inevitably drop their 4.75% rate?

janusd

SickGroove said:

How much notice do Zopa need to give before they inevitably drop their 4.75% rate?

14 days.

https://www.zopa.com/help/article/can-the-interest-rate-change

• The interest rate on Access pots is variable, which means it can move over time changes in the savings market.
• If your interest rate is going up, we’ll apply the new rate immediately and let you know about the change via email.
• If your interest rate is going down, we'll give you a heads-up via email at least 14 days before the new rate is implemented.