The New Top Easy Access Savings Discussion Area

Bob2000

where_are_we said:

Tesco Internet Saver - It is good to get online presence with this 4.2% account and apart from it being a variable interest rate and having a 12 month bonus which expires, it is simple to open and operate. When interest rates were going up and they offered a new IS with a higher rate it was easy to open a new one and then empty the old IS by internal transfer. With interest rates trending down, they may withdraw this 4.2% one and offer a lower rate IS and then until the 12 month bonus runs out, this one might become more competitive as "Cold Iron" alludes previously.

Already opened one this morning. Very easy to open, too.

ColdIron

Bob2000 said:

ColdIron said:

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

Thank you for your input. I have now opened this account and was very easy to set up.
Now with the magnificent  sum of £1.50 in it.

Just one small point, you won't be able to withdraw for 3 or 4 days after opening while they fiddle with something in the background but I don't imagine that will overly trouble your £1.50

Bob2000

ColdIron said:

Bob2000 said:

ColdIron said:

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

Thank you for your input. I have now opened this account and was very easy to set up.
Now with the magnificent  sum of £1.50 in it.

Just one small point, you won't be able to withdraw for 3 or 4 days after opening while they fiddle with something in the background but I don't imagine that will overly trouble your £1.50

Yes, they said somthing  along them lines while applying. Thank you again.

Born2Save_3

 West Brom BS Triple Access Saver (Issue 1) 

After applying for this account how many days have you waited before hearing anything and/or the account being opened ?

I applied early yesterday and to be fair to WBBS they stated at the start of the process that it may take 3 to 5 working days due to the number of applications.

chris_the_bee

Born2Save_3 said:

 West Brom BS Triple Access Saver (Issue 1) 

After applying for this account how many days have you waited before hearing anything and/or the account being opened ?

I applied early yesterday and to be fair to WBBS they stated at the start of the process that it may take 3 to 5 working days due to the number of applications.

West Brom BS Triple Access Saver (Issue 1)
One day for 1 account & three days for the Mrs. Both already members.

happybagger

I opened it as soon as I saw it on their website, on the morning of launch. It was opened by the end of the day and viewable online.
But it was launched when it wasn't "table topping" so I guess I got in early (and there was no "we may be a bit slow" banner then)

SH88SH88

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."

Hadn't heard one way or the other from Kent Rel, so ... did the obvious thing and tried to login on the 'old' platform. Greeted with a zero balance  (yikes !), but noticed the account  title said 'your account has moved'. Registered for the new platform,  did a test payment in and out. Verdict ? ... super speedy. Overall .... delighted (so far) with Kent Rel .....

Dicentra

Same here with Kent, received a text a week ago about the move last weekend, no follow-up email on Monday to say it was complete even though they said I would receive it.  So, simply logged in to the old system and saw zero balance with a note it had moved, so simply followed the registrar process and was straight forward.