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The New Top Easy Access Savings Discussion Area
Comments
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The interest will only show a day or two later, so give it a little more time. It wouldn't be possible to upgrade the same account again, it wouldn't even show as an upgradable account. The account title should have changed, and the interest rate should now show as 4.52%. As someone else mentioned, they'll put an upgrade confirmation letter into your Documents in the next day or so. Don't worry, it's all fine 😎
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@soulsaver
Just read a newspaper article which came up in my feed re a new 4.5% easy access account powered by Nat West.
ArticleLink for account
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Looks like same withdrawal rules as the Saga account.
I'll pass wasting time going through the application as anything NatWest requires me to do a selfie (that's despite being a customer already)
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Don't cut off your nose to spite your face
You might be a Natwest account holder but you aren't a Saga one. The fact that their systems are provided by Natwest is neither here nor there - you would be their customers, not Natwest's, and they have the legal obligation to verify your ID and do KYC checks.
Be also prepared to have to (re-)verify your ID to any bank you have been a customer of for many years, as there is new legislation which forces banks to make more stringent checks, in an effort to combat money laundering. Unfortunately, this means more onerous checks on honest citizens like you and I.
Trying to fight the new legislation by depriving yourself of good interest rates is a short term self-harm "solution" - until your lower interest paying companies also make you take a selfie……0 -
The Saga 4.5% account didn't require a Selfie. Or any form of photo ID.
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It did for some people.
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it did....
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I do not have a device to take a selfie.
I am not "fighting legislation". I cannot comply with their requirements so am not wasting time on an application.
Not too fussed as have cahoot slightly higher, so I'm not self-harming either, it would have just hedged bets in case of rate changes.
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Fair enough.
I haven't applied for the First Active account yet, so don't know the procedure. I did think it sounded very much like the Saga offering, but not surprised as both powered by Nat West. I am pretty sure that I had to provide a side to side video for Saga, but have applied for a couple of new accounts recently so may be getting mixed up.
Not looking forward to further checks one bit for accounts that I've held for a while, what a palaver, but of course, I will comply if and when asked.0 -
The First Active application is pretty much the same as the Saga one, for me anyway. Take a photo of suitable photo ID and selfie turning head side to side.
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