Kaupthing Edge

marshall2k · 24 May 2008 at 7:24PM

I don't see an option to have a recurring withdrawal.

The_Fiddler_2 · 25 May 2008 at 1:54AM

moscow_flyer wrote: »

Is it possible to set up a reg standing order to a regular saver account - eg. Yorkshire bank? - I want to set up a dripfeed!

Cheers.

No you need to transfer all moneys to the linked current account.

uk_steve · 25 May 2008 at 3:38PM

i would like to say my process on opening account was fast and easy as well

Captain_Mainwaring_2 · 25 May 2008 at 3:44PM

sixtytwo wrote: »

Forgot to add non taxpayer.

Suggest you look at the IOM accounts, there may be a benefit to not using up your allowances.

Hehehe, I like Kaupthing.. £1172/month.

caliston · 27 May 2008 at 11:44AM

Unfortunately offshore accounts are no longer tax free, so any income will still count in your personal allowance. Search for 'European Savings Tax Directive' for details. Basically you can either choose to have tax deducted at 20% (goes up in the next few years) or the bank can send the details to HMRC - you might have to fill in a tax return.

Unless the rates are better there's nothing to be gained by going offshore. Also remember IoM has a 75% of first £20,000 compensation scheme - much worse than UK.

MigsyBigsy · 27 May 2008 at 3:09PM

Hello all,

how much money do people have in the KP savings as I have £1,500 and not sure if its worth having that amount there. I have my allocated amount (£6,300) with Barclays ISA and due to open a A&L current account.

thanks for the reply

whu · 27 May 2008 at 5:14PM

Hi - it depends how much interest A&L current account are paying - if less than KE then I suggest KE are better as long as you are happy to wait for 3-4 working days for any transfers from or to KE as I dont think they are part of the faster payment service

sloughflint · 27 May 2008 at 5:28PM

MigsyBigsy wrote: »

Hello all,

how much money do people have in the KP savings as I have £1,500 and not sure if its worth having that amount there. I have my allocated amount (£6,300) with Barclays ISA and due to open a A&L current account.

thanks for the reply

The A&L savings account has withdrawal restrictions.

6.50%AER, 0.35% bonus for 1st 12 months
Withdrawals can be made instantly and no notice will be required. No interest is earned on the account balance in any calendar month in which a withdrawal is made or the account is closed.

If you are unlikely to go above £2500, you could go for their current account @8.5%( seeing as you mentioned it) and just rotate £500 per month for the funding requirements.

Otherwise I'd leave the money there.

number_3 · 27 May 2008 at 5:28PM

i have opened a savings account with kaupthing edge smooth and easy.my problem is with my bank nat west.went to nat west today armed with my account number and bacs sort code to transfer money to ke,told cannot transfer by bacs but can do standing order,contact ke told me this was rubbish contact natwest again told again cannot do bacs i have to be a buisness but can do standing order.has anyone else had trouble transfering with nat west? i'm not upto date on backing could someone explain to me in easy terms how to get my money to ke without paying 23£ to make a chaps transfer.

whu · 27 May 2008 at 5:33PM

dont know about Nat West but basically BACS is free and takes about 3-4 working days to transfer - CHAPS happens straightaway but as you say you have to pay - do you have on line banking with Nat West?

Kaupthing Edge

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