Ulster Bank Pathway Account (3.6% variable interest rate for 6 months)

Stompa

bryanb wrote: »

I'm in exactly that position, I don't have an account number yet so perhaps my account is not "open"
Just have to withdraw my £1 and look elsewhere unless they remain top of the table. A bit annoying having the main lump of savings waiting in a current account. I'm considering putting it back into Coventry for Christmas. Luckily HSBC and Cov do the faster payments.
I guess if they do deem my account open the 6 months is ticking away with only £1 in it.

FWIW I sent my £1 cheque off last Monday, and still no sign of it having been drawn on my current account. Whereas a cheque I sent elsewhere last Wednesday, appeared on my current account statement this morning. It's not looking good!

cottager

Don't rely on it as I don't know any better than anyone else, but I would have thought if we'd returned the Account Opening Form - Pathway Account and it had been received last week with the deposit, we're "in". Whether an opening deposit of £1 as opposed to £10k would make a material difference I don't know, but someone did say earlier in the thread they'd been told it was OK.

Edit: my deposit cheque hasn't been presented today either, and they had it last Tuesday.

Stompa

cottager wrote: »

Don't rely on it as I don't know any better than anyone else, but I would have thought if we'd returned the Account Opening Form - Pathway Account and it had been received last week with the deposit, we're "in".

I agree, that's what I would have expected, but I guess we'll just have to wait to know for sure.

Let's hope it's one of those accounts that tells you the current interest rate when you log in.

cottager

Stompa wrote: »

Let's hope it's one of those accounts that tells you the current interest rate when you log in.

Oooo, don't know about that! Natwest doesn't.
Why they and others don't, I've no idea... surely not too much to ask these days, nor to implement. It's such a useful feature at Halifax.

MiserlyMartin

soulsaver wrote: »

You can only withdraw maximum £10k per day.
Easy access?

Yes, easy access my !!!. I've had similar trouble with HBOS, they only let me move a maximum £10k a day too. Its a joke! They say its for security etc thats bull. Its about their profiting from hanging on your your money for a few more days when the rates drop and you can't get it out.

MarkyMarkD

Well, based on my wife's account which actually exists, it looks like the opening date is deemed to be the date the £1 (or whatever) opening cheque is paid into the account, not the date you applied (which is obviously going to be earlier).

The 3.35% rate is still very good, though, so I'm not sure it's a reason to bin the account.

cottager

Stompa: for info, my cheque's been presented today.

Stompa

cottager wrote: »

Stompa: for info, my cheque's been presented today.

Thanks for that info, mine still hasn't been unfortunately. Was yours a £1 cheque?

cottager

Stompa wrote: »

Was yours a £1 cheque?

Sorry no, full amount. Also since posting, three letters have come today (post very late) with account details, PIN etc. Card apparently on its way.

Edit: 2 letters dated 18/12, the other 19/12.
You might try phoning them? -- I did last week (not about this) and they were very helpful.

Stompa

cottager wrote: »

Sorry no, full amount.

Ah OK, it's possible they may not like my £1 one then.

cottager wrote: »

You might try phoning them? -- I did last week (not about this) and they were very helpful.

Yes, probably a good idea.