Changes to Reward and Ultimate Reward Accounts
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I think I'm going to close both my URCA and my Reward in May and go to the Co-op.
Just my experience.0 -
Nine_Lives, there are plenty of savings accounts that allow DDs. http://forums.moneysavingexpert.com/showthread.php?t=41686670
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What's brought that on?
Why do you have an URCA if a Coop acct would be a viable alternative to you?
I want an account with an interest-free OD and breakdown, travel, mobile phone cover.
It was a choice between the URCA and the Co-op Priv Premier.
The £5 reward on the URCA swung it for me but the DD and funding business is no longer viable.0 -
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sorry, I can't follow you there....the £1k funding gets reduced to £750/mth, and setting up 2 new DDs is not really hard to do, for 2 x £60 a year. Why would you give up the £120?
Where are you getting 2x £60 from? Basically his URCA fee is going up from £10 to £15 while the coop fee is £13, so only losing out on up to £36 per year (probably less if they only pay when the DDs are paid)0 -
Where are you getting 2x £60 from? Basically his URCA fee is going up from £10 to £15 while the coop fee is £13, so only losing out on up to £36 per year (probably less if they only pay when the DDs are paid)
He gets 2 x £60 atm, if he has an URCA and a RCA, and pays in £1K each atm. £60 on each account (never mind the URCA costs him £180 a year.....)
No fee is going up if he maintains his monthly deposits (or reduces them to £750), and puts 2 DDs in place for each account.
I don't get what the advantage of the Coop should be.0 -
I use my reward account as my main account, but i only have one direct debit for my phone bill. does that mean i am screwed?Total debt Aug 2012: £3800, Nov: £3225, Dec: £3151.45 2013: Jan: £1544.24 :j Feb: £1492.03 Sept 2013: Debt free0
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I use my reward account as my main account, but i only have one direct debit for my phone bill. does that mean i am screwed?
No, it means that if you want to keep getting the free fivers, you need to setup another DD, like to a Tesco Internet Saver for £1/month. You can withdraw the money at any time.0 -
I have 3 reward accounts, main one has DD's set up, if I set up 1 DD to Co-op current account and 1 DD to Coventry current account for £1.00 each from my second and third accounts will this qualify me to continue receiving the free fivers?
Obviously I will be funding the monthly requirement.
.Don`t steal - the Government doesn`t like the competition0
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