Egg... Information?

Squibbler

Any views on Capital One anyone? I know they are covered by the 50K but they are parented in the US.

MimiJane

The Tesco internet saving account doesn't look too good to me ... they're not up-front about needing a card reader to transfer money and a lot of people have been caught out by this, who want to withdraw money quickly.

Sainsbury's online account has received awards and looks a decent bet (run by RBOS but Sainsurys have the banking licence), though you have to receive your interest yearly I believe.

noh

MimiJane wrote: »

The Tesco internet saving account doesn't look too good to me ... they're not up-front about needing a card reader to transfer money and a lot of people have been caught out by this, who want to withdraw money quickly.

Sainsbury's online account has received awards and looks a decent bet (run by RBOS but Sainsurys have the banking licence), though you have to receive your interest yearly I believe.

The Tesco saving account does require a card and reader to set up payees as does the Natwest e-saver both those accounts are run by RBS and currently pay 6.5%
Sainsburys is run by HBOS but only pays 5.5%

frames1_uk

what's a card reader?

margaretclare

frames1_uk wrote: »

then again I'm saying I want to stick with UK establishments, I guess Egg is classed as American then?

You said you wanted UK savings establishments, then the very next post in reply you get Irish banks suggested!!! Ireland is not part of the UK, hasn't been for a good while now.

There are still some traditional building societies left, some offer good rates and some appear to be sound and solvent. Try
http://www.ybs.co.uk or http://www.mhbs.co.uk/

HTH

frames1_uk

crikey, when I look at the interest rates available, no wonder we all went for Icesave and Icici etc

noh

frames1_uk wrote: »

what's a card reader?

http://www.natwest.com/content/global_options/security/online_banking_security/cardreader/downloads/CardReader.pdf

noh

frames1_uk wrote: »

crikey, when I look at the interest rates available, no wonder we all went for Icesave and Icici etc

Actually icesave was only offering 6.3% AER on its instant access account.

Squibbler

frames1_uk wrote: »

what's a card reader?

I just found out (by accidentally using the wrong one) that my card reader for Barclays cards works for my Nationwide account cards and vice-versa. I don't think they are bank independant. So you could use one from another account with someone else

frames1_uk

I really don't know what you're on about with these card readers.... from the link, they are debit card machines (like I used to use to charge customers at work)....? you need one of those to operate your savings account???