Post Office easy access 3.17% AER account (now closed to new applications)

innovate

neilsedaka wrote: »

.....withdrawals before 5pm now go by faster payments. He said that their website is out of date on that issue.

That would be brilliant. I did actually request a £1 withdrawal at lunchtme today, just to test things out. So far, it hasn't yet arrived in my nominated account - - but then I reckon the FP timescale is "by end of next working day".

BTW, the link you posted goes to to a page not found.

VfM4meplse

I'm a bit annoyed now - if you already have an instant access a/c with the PO you have to close it down before you can apply for this a/c - strangely for an internet account, you have to write to the PO telling them you'd like to close it! Option no 2 for me was the Coventry online a/c that Lokolo shared on p1 - which is now no longer available (the rate has dropped to a pitiful amount) .

My only other choice with the PO is to go for an account that pays 2.85%, with 30 days interest sacrificed on the amount withdrawn. Else I leave it where it is and look for the next non-PO savings deal?

Patr100

What a pain in the !!!! this a/c is to apply for. Just applied online and now am told I must send proof of ID etc docs stamped and signed by a solicitor. Never had that before and signed online for loads of savings accounts instantly. Have been on reg of electors for nearly 20 years.
Stuff them. A solicitor would cost more than I would make from having this account and the next one.

neilsedaka

If I were you I would take my ID and photocopies into a Post Office and ask them to certify the photocopies free of charge. It is after all a Post Office account.

I had no problem applying today online. You should check that your stuff on the credit ratings agencies is up to date. It may be something as simple as a slight anomaly in your address.

Jevvers

Thanks for sharing your experiences everyone. I have just opened one of these accounts as step one in my plan so cunning that you could stick a tail on it and call it a weasel (drip-feeding into three regular savers in order to max our interest).

oldvicar

neilsedaka wrote: »

If I were you I would take my ID and photocopies into a Post Office and ask them to certify the photocopies free of charge. It is after all a Post Office account.

I don't think they can do this. The people's Post Office is really only branding offering a shop window to a subsidiary of a foreign bank.

Online Saver is provided by Bank of Ireland UK





Post Office Limited is an appointed representative of Bank of Ireland (UK)
plc

EDIT: They won't do it free, but will do it for a 'great value' fee of £7.15. http://www.postoffice.co.uk/counter-services/passport-identity/identity-checking-service

pqrdef

It's been said in the past that BoI didn't accept PO certification of documents, even for PO-branded accounts. Has this changed?

oldvicar

pqrdef wrote: »

It's been said in the past that BoI didn't accept PO certification of documents, even for PO-branded accounts. Has this changed?

I kinda remember reading that on here too, and haven't heard of any change.

Just goes to prove that the "Post Office" account isn't really a Post Office account.

In the same way an AA account or Saga account is just branding for the Halifax (loosely). But personally I'd go for an AA or Saga product before any PO/BoI offering. In fact I'd choose a lot of others before the PO.

joedenise

oldvicar wrote: »

In the same way an AA account or Saga account is just branding for the Halifax (loosely). But personally I'd go for an AA or Saga product before any PO/BoI offering. In fact I'd choose a lot of others before the PO.

Saga CC is Bank of Ireland not Halifax, same as PO. When BOI took over the CC it was a pain in the **** to set up the on-line banking for it and it's still a pain to check it with so many different numbers to remember and look up! so I don't even bother using it anymore just wait for paper statements.

Denise

innovate

neilsedaka wrote: »

The person that I spoke to on the phone initially said that the 2-3 business days was correct but after he went off to double check he confirmed my suspicion that withdrawals before 5pm now go by faster payments. He said that their website is out of date on that issue.

My £1 test withdrawal I made yesterday lunchtime is showing in my nominated account this morning.

So seems they are technically capable of making faster payments. Remains to be seen whether they'd also process larger withdrawals as FP.