The New Top Easy Access Savings Discussion Area

Sea_Shell

Bridlington1 said:

@soulsaver
I appreciate it won't be eligible for a ranking but I think it's just about high enough for a mention. QIB have an EA account via Raisin at 4.9% (£1k min).

Is that a true flexible EA.  Or with strings regarding paying in and out?

I've got Hoist at the moment.

Bridlington1

Sea_Shell said:

Bridlington1 said:

@soulsaver
I appreciate it won't be eligible for a ranking but I think it's just about high enough for a mention. QIB have an EA account via Raisin at 4.9% (£1k min).

Is that a true flexible EA.  Or with strings regarding paying in and out?

I've got Hoist at the moment.

All withdrawals must be £500+ and not result in the balance dipping below £1k. AFAIK there's no other strings attached though.

nottsphil

HillStreetBlues said:

When will it stop being the "New" thread?

Much sooner than 'the new Wembley' did ☺

friolento

Bridlington1 said:

Sea_Shell said:

Bridlington1 said:

@soulsaver
I appreciate it won't be eligible for a ranking but I think it's just about high enough for a mention. QIB have an EA account via Raisin at 4.9% (£1k min).

Is that a true flexible EA.  Or with strings regarding paying in and out?

I've got Hoist at the moment.

All withdrawals must be £500+ and not result in the balance dipping below £1k. AFAIK there's no other strings attached though.

Deposits and withdrawals via Raisin are usually not instant

dealyboy

@Bobblehat said:

@allegro120 said:

Bobblehat said:

@molerat said:

I know it is no longer a "top" account but Santander are extending the one year end date of the Limited Edition Easy Access Saver by 10 months. The interest rate will reduce by another 0.2% but not down to the  Everyday Saver level.

We’re extending the term of your Easy Access Saver by an extra 10 months with a new interest rate of 4.00% AER / 3.93% gross (variable) from 1 October 2024. You can still withdraw or add money in at any time.
You opened your Easy Access Saver Limited Edition (Issue 3) on 4 September 2023 which currently pays 4.20% AER / 4.12% gross (variable). It was due to mature to an Everyday Saver, with a rate of 1.20% AER (variable) after 12 months.
The good news is we’re giving you 10 months more in your Easy Access Saver which is more favourable, with an interest rate of 4.00% AER / 3.93% gross (variable) from 1 October 2024. This is currently our best instant access savings rate for balances up to £250,000. Remember that your account has a variable interest rate which means it can go up and down.

Confusingly worded? (Edit: by Santander!)

I got the same pdf doc online and mine also matures on 04 Sept .. so does it change to an Everyday Saver at 1.2% ... or not? Then does it change back to an Easy Access Saver on 1st of Oct at 4% .... or does it stay as an EAS on 4th Sept and automatically get 4%. Or some other combination I haven't thought of yet .... 

What gets me is the "Good News" paragraph, which implies that the 4% doesn't start until 1st Oct ... so what happens between our 4th Sept Maturity date and 1st Oct? 

Looks straight forward to me. The term is extended until 4th July 2025, the account won't turn into Everyday Saver until then. The interest will drop down to 4% on 1st October this year. You will receive 4.2% until 1st October and 4% thereafter. 

Thanks ... I hope you are right 

Hi Bobblehat ... I also find it confused or possibly misleading.

It's a variable interest (as stated) account with stated specific interest rates in the medium term future! ... ?

Having a cake and eating it comes to mind  .

fly-catchers

Bridlington1 said:

chris_the_bee said:

Can one close a Santander Edge Saver ahead of expiry and then open another new one. Thus extending the existing 6.78% interest rate for a further 12 months.

Yes you can, I did that myself a couple of months back.

When it expires can you open another one? Or do you need to close it just before it expires!

Bridlington1

fly-catchers said:

Bridlington1 said:

chris_the_bee said:

Can one close a Santander Edge Saver ahead of expiry and then open another new one. Thus extending the existing 6.78% interest rate for a further 12 months.

Yes you can, I did that myself a couple of months back.

When it expires can you open another one? Or do you need to close it just before it expires!

You need to close the account and open a new one if you want the top rate for another 12 months, you do not have to ``refresh" the account before the bonus expires, you are free to do it afterwards. I would recommend just trying to refresh it at a time that will ensure interest on the new account is paid at the most convenient point of the month for you.

tg99

Cynergy - can someone remind me has anyone got email about rate cut for issue 80 currently 5.15% or is it just the other couple (68, 69?)

cahoot - anyone know max payment limit online per transaction and in aggregate per day? I recall that I did ask them when first opened account but they were v vague and couldn’t tell me a specific limit.

Aidanmc

tg99 said:

Cynergy - can someone remind me has anyone got email about rate cut for issue 80 currently 5.15% or is it just the other couple (68, 69?)

cahoot - anyone know max payment limit online per transaction and in aggregate per day? I recall that I did ask them when first opened account but they were v vague and couldn’t tell me a specific limit.

I dont think Cynergy has an Issue 80 yet, Current one is 77?

Maybe you mean Issue 70, which i think pays less than 5.15%, think it ,may be 5.06%

tg99

Aidanmc said:

tg99 said:

Cynergy - can someone remind me has anyone got email about rate cut for issue 80 currently 5.15% or is it just the other couple (68, 69?)

cahoot - anyone know max payment limit online per transaction and in aggregate per day? I recall that I did ask them when first opened account but they were v vague and couldn’t tell me a specific limit.

I dont think Cynergy has an Issue 80 yet, Current one is 77?

Maybe you mean Issue 70, which i think pays less than 5.15%, think it ,may be 5.06%

Thks must have got the issue number wrong but definitely paid 5.15% on launch. Opened last October. Will check the issue number.