The New Top Easy Access Savings Discussion Area

jaypers

https://forums.moneysavingexpert.com/discussion/comment/82107308#Comment_82107308

Really interesting. Sounds like the right hand doesn’t know what the left hand is doing. Either that or they just break promises…..annoying.

soulsaver

From a quick scan of the terms - could closing your NW and VM current accounts now, leave you eligible to apply for the CA with the 5.09% fixed & EA linked boosted saver?

There appears to be time, and AFAICS there's nothing that says you can't ever have held those CAs.

There is the risk that they decline your application though.

flaneurs_lobster

Cahoot Simple Saver

With cahoot, you can remove accounts from your list online.

Could something like that have occurred to you?

Thanks @[Deleted User] , absolutely right. Not one but two SS (£10 each!) that I must have chosen not to display (and not in my own spreadsheet of active accounts).

Suspect I may have done it when it was still possible to use the app and screen real estate is more valuable.

SFCooper

https://forums.moneysavingexpert.com/discussion/comment/82107338#Comment_82107338

They were happy to close my account via messaging.

andyhicks88

https://forums.moneysavingexpert.com/discussion/comment/82107308#Comment_82107308

I think MSE or Martin should look into this a I do think this is breaking their promise. Virgin Money might be another brand but it's still owned and under Nationwide. If the terms state that having a nationwide curent account makes you ineligable to get this savings account at Virgin I feel like that is a clear breach of their claim. That indeed is offering a brand new customer only savings account and punishing loyalty.

They can't turn around and say well Virgin is a seperate thing but then in the terms mention Virgin and Nationwide.

proudgecko

apologies if this has already been posted - just opened a First Active account and interest rate is now 4.55%

janusd

https://forums.moneysavingexpert.com/discussion/comment/82107694#Comment_82107694

@soulsaver - Re: First Active Instant Access Savings Account… the above is correct, but it doesn't just apply to new accounts as the rate on my existing 4.50% has also been increased to 4.55% AER.

There has been no change in the Saga Savings rate - that is still 4.50%.

janusd

@soulsaver - Monument Welcome Saver - 4.51% AER; ** New Customers Only **; Monthly Interest; Matures 12 months after opening into a Easy Access Tracker (Base rate - 0.50%).

Note: Min Balance is £25,000 combined across all Monument Accounts - though I think if you have £10k in an ISA with them, this balances isn't necessarily enforced (or hasn't been for me)… DYOR!

NebulaNova

The Virgin Money 5/09% interest account -

Would I need to use the current account or can I just keep it open?

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82107850#Comment_82107850

T&C just say that the CA must be kept open.

I've had VM savings accounts for years, the CA has a quid in it and hasn't been used at all since opening.