Kaupthing EDGE

John_0771

With Kaupthing EDGE how can money be transferred in and out, and what happens if balance drops below £100. Also whats the online bank panel thing like?? And what is it without tax - is it better than Natwests E-ISA ( 5.50% )?

Thanks
:beer:

jem16

John_0771 wrote: »

With Kaupthing EDGE how can money be transferred in and out,

Normal way is vai BACS to your linked account (an account with another bank)

and what happens if balance drops below £100.

You get no interest.

Also whats the online bank panel thing like??

Simple but works fine.

And what is it without tax - is it better than Natwests E-ISA ( 5.50% )?

6.55% so yes. Or do you really mean after you have been taxed - 5.24%(basic) or 3.93%(higher rate)

John_0771

Thanks jem16 that was a lot of help

5.24%(basic) or 3.93%(higher rate)

Whats that mean, which one DO I get?

Steve_xx

John_0771 wrote: »

Thanks jem16 that was a lot of help


Whats that mean, which one DO I get?

It depends how much tax you pay You'll get 5.24% if you're a basic rate tax payer, ie 20% tax is taken off of the interest. Or 3.93% if you pay tax at 40%, ie you're a higher rate tax payer.

[Deleted User]

John_0771 wrote: »

what happens if balance drops below £100.

As per https://www.kaupthingedge.com/Secure/files/uk/terms-conditions-rate220508.pdf

12.1.1 Minimum Balance
If you have a Savings Account, but not a Fixed Term Deposit Account, the minimum balance that you can have in the Savings Account is £1. However, interest will only accrue if the balance in the Savings Account is £100 or more. For every calendar day that the balance in the Savings Account goes below £100, no interest will accrue. Please see the Interest Rates section of the Website for further details.

John_0771

I'm still quite skeptical of the stability on this bank, I know its backed by the Treasury but that's gotta be a hard one to claim with no paper statements etc...
I'll look into setting it up when my ISAs full...

[Deleted User]

I expect it'd be much of a muchness. All hard to claim from.

I've no quarms with them. Nice website, great rates, ticking all my boxes!