Best online savings account with fast payments

property.advert

innovate wrote: »

You are aware of the £85K (£170K for joint accounts) safe limit per financial institution, are you?

Yes I am thanks.

alanq

property.advert wrote: »

I wonder who is better ?

BMSavings and Coventry BS are paying 1.60% on online easy access accounts but no more than 4 withdrawals per year.

If you were willing to forgo Internet accounts entirely on some of your savings you could get 1.75% easy access from Britannia by branch/post/telephone. (Max 4 withdrawals per year to keep that rate.)

http://www.britannia.co.uk/_site/channels/savings/easy-access/select-access-saver3/index.html

Gromitt

property.advert wrote: »

Santander is £100K. Haven't checked others recently but I've sent £35k by NatWest so £10k would seem an outdated limit.

Santander is one of the rare banks to allow 100K faster payments, but it may not arrive instantly due to fraud checking.
Nationwide's limit is 10K
HSBC's limit is 10K
First Direct's limit is 10K (but they can schedule a payment of upto £49999 for next day sending)

rb10

property.advert wrote: »

Santander is £100K. Haven't checked others recently but I've sent £35k by NatWest so £10k would seem an outdated limit.

Natwest's current faster payment is £20k per customer per day, with Saturday, Sunday and Monday all counting as one day.

Gromitt wrote: »

Nationwide's limit is 10K

To be clear on this, it's £10k per transaction at Nationwide - you can do multiple transactions in a single day.

alanq

rb10 wrote: »

Natwest's current faster payment is £20k per customer per day, with Saturday, Sunday and Monday all counting as one day.

The NatWest FAQs refer to scheme limits on http://www.fasterpayments.org.uk/.

which have not been updated in almost a year and still says £10,000. I did find £20,000 mentioned in a Telegraph news story but where does NatWest document it?

rb10 wrote: »

To be clear on this, it's £10k per transaction at Nationwide - you can do multiple transactions in a single day.

Confirmed here.
http://www.nationwide.co.uk/faster_payments/faq.htm

rb10

alanq wrote: »

The NatWest FAQs refer to scheme limits on http://www.fasterpayments.org.uk/.

which have not been updated in almost a year and still says £10,000. I did find £20,000 mentioned in a Telegraph news story but where does NatWest document it?

Try to make a payment greater than £20k (or a payment that means your total for that weekday exceeds £20k), and you'll get an error message telling you that's the limit.

noh

alanq wrote: »

The NatWest FAQs refer to scheme limits on http://www.fasterpayments.org.uk/.

which have not been updated in almost a year and still says £10,000. I did find £20,000 mentioned in a Telegraph news story but where does NatWest document it?


Confirmed here.
http://www.nationwide.co.uk/faster_payments/faq.htm

https://www.questions.natwest.com/RBSG/index?page=content&frompage=homepage&actp=search&id=FA2904&searchid=1372363166499