Recommended online savings accounts pls

iilg

I've heard Tesco (internet saver) is a nightmare to set up but that Northern Rock's site with a less atrractive rate is user friendly if slightly insecure. Has anybody recently opened a savings account (purely) online? How long did it take to set up and get running?

Thanks

redmalc

I set up a Tesco acount earlier this year and in total it took me 26 days before i actually put any funds in to it,i had to call them on numerous occasions regarding the CARD READER ?

equitydealer

I can recommend Northern Rock - at 2.5% although not market leading their online banking is really user friendly and they have not slashed their rates for a while. They have got good online security and allow faster payments unlike Intelligent Finance.

I had my account set with within days and no problems so far.

natman

Hi,

Most of my accounts are managed online and I have had a lot of accounts managed online in the past.

I currently have AA instant access - Really easy to manage online and 2.8% at present so a good account. http://www.theaa.com/savings/savings_calculator.jsp

I have egg,, Good online and is 2.5% at present. http://new.egg.com/visitor/0,,3_94368--View_2081,00.html

Alliance and leicster at 2.75% is also cool - http://www.alliance-leicester.co.uk/savings/online-saver.aspx

Most of the above accounts took about a week to get up and running. Some less. I had a Tesco account in the past and waited well over a month.

Good luck!

iilg

equitydealer wrote: »

I can recommend Northern Rock - at 2.5% although not market leading their online banking is really user friendly and they have not slashed their rates for a while. They have got good online security and allow faster payments unlike Intelligent Finance.

I had my account set with within days and no problems so far.

Isn't it true that it is far too easy to alter the payee details online with an acc with N Rock? Say someone gets into the account, gueses (or finds in public records) the answers to the far too standard questions like your first school etc. Then $s get shifted out of the acc to god knows where?

How was the N Rock set up process? What paperwork or proofs do you have to send to them?

Thanks

Old_Wrinkly

iilg wrote: »

Say someone gets into the account, gueses (or finds in public records) the answers to the far too standard questions like your first school etc.

You are assuming that people answer these "security" questions truthfully/accurately. You are probably required to do so for Date of Birth (since it might be a requirement for ISAs) but as you say, in these 'database state/online biography/social networking' days much of the standard info about you is easily accessible. The only 'secure' thing to do in such situations is to give answers that are 'secure' i.e. only known to you and the bank.

alanq

equitydealer wrote: »

I can recommend Northern Rock ... They have got good online security and allow faster payments unlike Intelligent Finance.

Northern Rock can RECEIVE faster payments but not yet make them.
"In order to ensure that the service runs smoothly and securely for our customers, we will be implementing the facility to send Faster Payments over the coming months.
Please visit this page regularly for updates."
http://www.northernrock.co.uk/savings/customer-info/faster-payments-service/

iilg

natman wrote: »

I have egg,, Good online and is 2.5% at present.

Who is the parent bank now?

How easy was the set-up compared to N Rock?

Thx

iilg

redmalc wrote: »

I set up a Tesco acount earlier this year and in total it took me 26 days before i actually put any funds in to it,i had to call them on numerous occasions regarding the CARD READER ?

Any other banks' account(s) need CARD READER to be fully operative?

slush

Think about using muliple Santander and A&L current accounts. Theses will bring you in 5% for 12 months with instant access provided you dont mind doing 5 mins work to get the best out of them

sheslookinhot

I have a TESCO Internet saver account and have never had any problems either depositing money or withdrawing money. It happens immediately