First Active

siempre

first active now closed to new applicants, thats not very reassuring ?

masonic

https://forums.moneysavingexpert.com/discussion/comment/82136556#Comment_82136556

Not very reassuring for whom? If you were looking to apply, then they are sparing you a long wait.

Aretnap

https://forums.moneysavingexpert.com/discussion/comment/82136556#Comment_82136556

Why is it not reassuring? When a bank launches a market leading savings account they will generally have a target for the amount of money that they want to raise with it: when they have raised that amount of savings it's not unusual for them to close the account to new applicants so as not to overshoot. Reducing the interest rate also works, but if they're also struggling under the weight of applications then closing to new applicants makes perfect sense.

ToastLady

Just for info, had error message (Aw snap, something's gone wrong) when trying to login on Brave last night. Tried several times, ending up with a load of SMS codes coming through, that I could do nothing with. Worked fine with Firefox though.

4justice2

https://forums.moneysavingexpert.com/discussion/comment/82136556#Comment_82136556

No, it's common practice, when a bank or building society has taken enough money in through a particular account, they'll close to new applications.

future3

15 days and counting……

4justice2

First Active open again for new applications. BUT rate for new applications is 4.05% AER / 3.98% PCM.......

Tommaso46

This seems based on T P Barnum's famous dictum There's a sucker born every minute

SH88SH88

Applied on 26/08. Account opened on 16/09.

I'm lost for words .…. Leisurely doesn't even come close.

Tommaso46

But… did they open your account at the interest rate you were expecting?