The New Top Easy Access Savings Discussion Area

rallycurve

https://forums.moneysavingexpert.com/discussion/comment/82100207#Comment_82100207

I believe that date changes shortly after the first deposit. Give it a couple of days and it should be correct

Sherbertfizz

https://forums.moneysavingexpert.com/discussion/comment/82100332#Comment_82100332

If you need to provide proof of funds to satisfy money-laundering regulations as I did recently (eg property purchase), it can be a nightmare. Although I have a spreadsheet, I hadn't kept a record of movements between accounts and it nearly scuppered my purchase, so if you don't already, I recommend keeping a full audit trail!

Middle_of_the_Road

https://forums.moneysavingexpert.com/discussion/comment/82100332#Comment_82100332

Yes, you shouldn't be leaving a pound in them🙂

UKX69

https://forums.moneysavingexpert.com/discussion/comment/82100332#Comment_82100332

No, it’s exactly what I do!

mon3ysav3r

https://forums.moneysavingexpert.com/discussion/comment/82100446#Comment_82100446

The reason I leave a quid (or 1 pence if account allows) is to keep the account open so that I have an electronic trail of statements/tax info which is useful when it comes to HMRC self assessment time without me having to download all the things. If I ever need that hundred quid keeping them all open it will come in handy!

jak22

Sometimes an account can suddenly get a jump in intertest rate, or if the EA account is the last one held then keeping it open can make it easier to open a new account as an existing customer, but otherwise having multiple low balance accounts just creates more work such as recording a few pence interest each month ready for next SA. A purge of such accounts just before the end of the last tax year - plus some mobile apps that do little more than normal web login - was quite helpful.

Downloading is what's needed to support SA whether done at closure or later. It's easy enough with website access but can take a few steps per statement with mobile app only accounts.

Some like PO seem not to give statement access after closure - so that could be where it's worth keeping a tiny balance until statements are available. Cynergy is one that does give access to statements etc for closed accounts after a day or so. Coventry, even though there's no statement access, includes closed accounts in the annual interest statement. Each bank/BS works differently - perhaps a rule requiring closed account statement access would be more helpful than those adding more ISA complications.

janusd

Hanley Economic BS Dual Access Saver Online - 4.27% AER, £100 min, Annual Interest - launching tomorrow (14th August) - there is a branch/postal version too.

fuzzzzy

https://forums.moneysavingexpert.com/discussion/comment/82100207#Comment_82100207

So there is not any special procedure for upgrading cynergy accounts? You just open the new issue, transfer funds from the old issue, then close the old issue?

friolento

https://forums.moneysavingexpert.com/discussion/comment/82100734#Comment_82100734

essentially, yes

CuparLad

https://forums.moneysavingexpert.com/discussion/comment/82100734#Comment_82100734

There is an Internal Transfer and Close option in the Cynergy App which accomplishes everything in one step. Super easy.