Barclays Monthly Savings 7.49%

gelato_cat

Hi all

Opened one of these in-branch today. The woman wouldn't open it at first as I don't have a current account with them. I pointed out the wording on the leaflet which said "open to new and existing customers" - she said "that means savings customers - I admit it's worded badly". She said you needed a current account for the standing order to come out of. I didn't have the T&C to hand so asked if I could open a current account there and then, and she said yes. I figured I'd need it to get online banking access anyway.

So she opened the current account and the monthly saver. I didn't have to sign any T&C for the monthly saver (I figured I'd read them when I got home and use the 14-day cancellation period if I wasn't happy). She said I had to set up a standing order from my Barclays current account to fund it. So I set that for the middle of December to be on the safe side re getting money to Barclays etc.

Got home and checked the T&C and I was right, no Barclays account needed and I can fund from my Halifax current account (or whichever external source I want, as long as it's a standing order). So I'll be cancelling the Barclays standing order when I manage to get online access to my current account.

Question though:

- Barclays accept Faster Payments and Halifax can send them. I have the sort code and account number for my monthly saver - is it safe to do a Faster Payment tonight or is it possible that my monthly saver account won't be able to receive payments yet as I only opened it today?

Suze

fullstop

I opened this account the other day non Barclays customer, set up Standing Order with a different bank, checked online that night and SO was up and running.

Bad luck with the Saturday girl.

anna42hmr

Suzey wrote: »

Hi all

Opened one of these in-branch today. The woman wouldn't open it at first as I don't have a current account with them. I pointed out the wording on the leaflet which said "open to new and existing customers" - she said "that means savings customers - I admit it's worded badly". She said you needed a current account for the standing order to come out of. I didn't have the T&C to hand so asked if I could open a current account there and then, and she said yes. I figured I'd need it to get online banking access anyway.

So she opened the current account and the monthly saver. I didn't have to sign any T&C for the monthly saver (I figured I'd read them when I got home and use the 14-day cancellation period if I wasn't happy). She said I had to set up a standing order from my Barclays current account to fund it. So I set that for the middle of December to be on the safe side re getting money to Barclays etc.

Got home and checked the T&C and I was right, no Barclays account needed and I can fund from my Halifax current account (or whichever external source I want, as long as it's a standing order). So I'll be cancelling the Barclays standing order when I manage to get online access to my current account.

Question though:

- Barclays accept Faster Payments and Halifax can send them. I have the sort code and account number for my monthly saver - is it safe to do a Faster Payment tonight or is it possible that my monthly saver account won't be able to receive payments yet as I only opened it today?

Suze

i did a payment from my lloyds current account the night i opened it and all went through ok

gelato_cat

Thanks. Just rang up to check and the money's in the account :beer:

Very confusing though - got through twice now without registering for telephone banking, and when I asked how to go about doing so, the answer wasn't too easy to understand. Same when I asked about Internet banking! I'll hopefully be able to use both within the next couple of weeks...

Suze

anna42hmr wrote: »

i did a payment from my lloyds current account the night i opened it and all went through ok

fullstop

The Abbey has a new Fixed Rate Saver Issue 8 paying 5.51% with 1 withdrawal a month or 6% for no withdrawals , down from 6.6% and 7.25% from issue 7. Fund from £20.00 to £250.00 a month. Glad I got issue 7 on Saturday as well as the Barclays one at the old rate.

~Chameleon~

fullstop wrote: »

The Abbey has a new Fixed Rate Saver Issue 8 paying 5.51% with 1 withdrawal a month ......

It's only one withdrawal over the 12mth period, not per month.

castle96

I started off the a/c with a £20 s/order. Up turns another £20 designated "Barclays Serv C9 TFR"

anyone else had this ?
I only put in £20. Surely the 'extra' £20 is not a 'gift/opening/hello' ??

~Chameleon~

Can you all please check the interest paid on your 7.75% FR monthly saver with Barclays to ensure you've been paid correctly.

Mine was underpaid today and when I called to find out why I was told the interest rate has dropped yet this is supposed to be fixed rate for 12mths :mad:

I have lodged a complaint and need to call them later in the week to find out the outcome.

oldfella

Can you all please check the interest paid on your 7.75% FR monthly saver with Barclays to ensure you've been paid correctly.

---

mine is OK - its 7.49% gross, then less 20% for basic rate

mary

1 July 1.19
1 Aug 2.51
1 Sept 3.64
1 Oct 4.88
1 Nov 6.84
1 Dec 6.90