Capital One

TomsMom

I'm wondering what people's experiences with Capital One are.

They've just launched Bonus Saver Issue 3 (from 3.9.08) which pays 6.5% gross/AER on amounts above £500 including a 1% bonus for a year.

We are looking for a joint account with internet access to replace our Tesco one which we are having trouble with - can't use internet for transactions as we don't have a card reader and their technical system has just been changed and is c*cking up the distribution of the card readers! They can't tell us when to expect our card reader!

DocProc

Egg have just kicked off a new Savings Account too.

Here's the Egg deal:

6.30% gross pa/AER fixed for 12 months from the date your account is opened.

Absolutely no withdrawal penalties.

You'll then move to our standard variable rate, currently 4.75% gross pa/AER (variable).

Manage your money entirely online.

"If you're already an Egg customer, applying is a breeze. So make the most of your savings and strike while the rate's hot. This is a limited offer for new money into Egg that is not already held within an existing Egg Savings Account (internet) or Egg Savings Account (investor)."


More at:

http://new.egg.com/visitor/0,,3_94368--View_2081,00.html

Jonbvn

What about Kaupthing Edge? Better rate than both accounts.....

TomsMom

Jonbvn wrote: »

What about Kaupthing Edge? Better rate than both accounts.....

Unfortunately a KE account cannot be held in joint names.

Jonbvn

TomsMom wrote: »

Unfortunately a KE account cannot be held in joint names.

I don't see how that is an issue if you both know the login details for an internet account. What advantages does a joint account have over one in a sole name?

bristolleedsfan

TomsMom wrote: »

I'm wondering what people's experiences with Capital One are.

They've just launched Bonus Saver Issue 3 (from 3.9.08) which pays 6.5% gross/AER on amounts above £500 including a 1% bonus for a year.

We are looking for a joint account with internet access to replace our Tesco one which we are having trouble with - can't use internet for transactions as we don't have a card reader and their technical system has just been changed and is c*cking up the distribution of the card readers! They can't tell us when to expect our card reader!

Quanti cashback site are offering 20.00 cashback for opening a Capital One Savings account.

While Quanti do charge a 3.00 annual admin fee that can be clawed back by doing a months Kelkoo 10p comparison site daily clicks.

If anybody has already visited Capital One webpage best to clear cookies before applying for an account via Quanti CB site.

TomsMom

Jonbvn wrote: »

I don't see how that is an issue if you both know the login details for an internet account. What advantages does a joint account have over one in a sole name?

Because when one of the joint account holders dies the other can get the money without going to probate, and this is the issue in this case.

LongTermLurker

TomsMom wrote: »

Because when one of the joint account holders dies the other can get the money without going to probate, and this is the issue in this case.

You're also covered up to £70k (2x £35k) under the FSCS scheme.

del1001

LongTermLurker wrote: »

You're also covered up to £70k (2x £35k) under the FSCS scheme.

There's no advantage as far as that's concerned though,

2 seperate accounts = 70k
1 joint account = 70k

reduced to 35k in either case if 1 partner expires (for whatever reason)

Waldir

TomsMom wrote: »

I'm wondering what people's experiences with Capital One are.

I only have a credit card with them, but I'm extremely happy with them: never had any problem with any payment or direct debit, no catch when they're making special offers (like the initial 4% cashback) and their online banking is really well designed.

LongTermLurker

del1001 wrote: »

There's no advantage as far as that's concerned though,

2 seperate accounts = 70k
1 joint account = 70k

reduced to 35k in either case if 1 partner expires (for whatever reason)

jonbvn didn't say that though - he said "one solo account that 2 people share access to" - that's £35k flat. Admitted, if one person dies, then the account would transfer to being a solo account and thus have a £35k limit.