The New Top Easy Access Savings Discussion Area

mebu60

https://forums.moneysavingexpert.com/discussion/comment/82068872#Comment_82068872

You will need a smartphone or camera enabled tablet to apply.

Bonus rate of 1.64% AER (fixed) for first 12 months. Available to new customers only.

You can withdraw up to £10,000 at a time, and £20,000 within a 24-hour period.

Eligible deposits up to £120,000 are protected by the Financial Services Compensation Scheme (FSCS). This applies to the total of any deposits you have with Saga Money, NatWest and NatWest’s associated brands.

Note that legacy Saga savings are still Goldman Sachs (including Marcus) for FSCS protection.

(edit: added Marcus reference)

janusd

https://forums.moneysavingexpert.com/discussion/comment/82068872#Comment_82068872

I don't believe that you HAVE to be over 50 to open it, just over 18 - it is just "aimed" at the over 50s… I cannot see anything in the terms about needing to be 50+

I had to do the usual passport photo and selfie video (hence why you might need a smart phone to open it), but was opened within a minute after that.

BreakingGlass

https://forums.moneysavingexpert.com/discussion/comment/82068888#Comment_82068888

Saga Easy Access

We just repeated the application for my wife - very similar to my successful application but hers is 'being reviewed' for up to 72 hours. Perhaps they will spot that she was a customer in the past! (EDIT: Wife's acct now open 20 mins later)

janusd

@soulsaver - Aldermore Double Access Account (Issue 9) - 4.16% - £1k min - Monthly/Anniversary Interest… replaces Issue 8 @ 4.00%… launches tomorrow (15th July).

mon3ysav3r

https://forums.moneysavingexpert.com/discussion/comment/82068925#Comment_82068925

I applied at midday and got the same "being reviewed … up to 72 hours" message, received an email exactly one hour later saying "Good news! Your Saga Easy Access Savings Account is now open and ready for your first deposit"

CuparLad

https://forums.moneysavingexpert.com/discussion/comment/82068872#Comment_82068872

This seems to be a NatWest account with a Saga skin over the top. I wonder how their ID and "New Customer" requirements work if you have an account with another NatWest brand (I have the Ulster Bank EA account)? Can you see the Saga Account in the UB app? Just trying to simplify things.

janusd

https://forums.moneysavingexpert.com/discussion/comment/82069070#Comment_82069070

no - the Saga accounts don't show in the Ulster/Natwest apps - it has an entirely separate website login and doesn't have its own app… I think it's just using the Natwest Boxed software, the same as Mettle does (though Mettle is a Natwest brand).

1spiral

https://forums.moneysavingexpert.com/discussion/comment/82069080#Comment_82069080

It appears that Saga is also a Natwest Brand now according to Moneyfacts.

ToastLady

SAGA EA

Can anyone tell me if withdrawals are instant please? Apologies if already mentioned, couldn't see anything about this.

1spiral

https://forums.moneysavingexpert.com/discussion/comment/82069407#Comment_82069407

Yes they are. Tested a £ in and out earlier today and both were instant.