I've opened a Classic+Vantage; now what?

savetilibleed

adaadat wrote: »

I've only just found time to go in to my branch, but was able to set up the 2nd and 3rd accounts without any bother.

I could have deposited money in to them, there and then, if I'd wanted, as they were opened instantly.

Confirm all your details again - presumably they won't have changed much - and indicate you'll meet the £1,000/month funding requirement and it should go swimmingly for anyone else looking to do the same.

I've got two Vantage accounts and would like another. The website prevents me opening a third saying I need to visit a branch with ID (strange that as I have two Vantage, one ISA and a eSavings - you wouldn't think they'd need ID over and above a debit card or something).

Did they quiz you about how you would fund the accounts - did they ask for income details for example?

scottishblondie

savetilibleed wrote: »

I've got two Vantage accounts and would like another. The website prevents me opening a third saying I need to visit a branch with ID (strange that as I have two Vantage, one ISA and a eSavings - you wouldn't think they'd need ID over and above a debit card or something).

Did they quiz you about how you would fund the accounts - did they ask for income details for example?

I suspect they just want to sell you things. Or check that you aren't laundering money or something I had to go into a branch to open my 2nd one and they had me meet with their financial advisor to do it. To be fair, she didn't press me to do anything, but then I was very honest and told her straight away that I only wanted to open another Vantage account for the interest rate.

She might have tried harder if I'd been less direct about it, but as I pointed out that their savings accounts have lower rates, I had all the insurance I needed and I already had an ISA, she didn't really have a leg to stand on! And no, they don't ask for any details of income - I just had to confirm all my details were still the same. She didn't even look at the ID I'd brought with me.

superstar_2

D1zzy wrote: »

Don't forget to move out your interest each month 'cos you get zilch for amounts over 7K

I may be wrong, but you'd still get the 4% for the 7k and no interest for the x amount of interest thats above the 7k.

Rollinghome

superstar wrote: »

I may be wrong, but you'd still get the 4% for the 7k and no interest for the x amount of interest thats above the 7k.

You'd get 0.10% gross on anything above £7k.

D1zzy

superstar wrote: »

I may be wrong, but you'd still get the 4% for the 7k and no interest for the x amount of interest thats above the 7k.

Yep -thought that's what I said "zilch for amounts over 7K" - well that's what I meant anyway

anamenottaken

D1zzy wrote: »

Yep -thought that's what I said "zilch for amounts over 7K" - well that's what I meant anyway

Does 0.1% = "zilch"?

I would have said "0.1% on the additional sum over £7K is a very little more than zilch but more than zilch nevertheless"