Savings Rate Tart

stephennt

RG2015 wrote: »

Thanks. I hadn't heard about this. Does this mean that banks are going to have to change their Ts&Cs to qualify the clauses that prohibit disclosure of passwords and PINs?

I doubt banks will totally remove this clause, as you never want your bank card PIN disclosed, but they would for sure have to provide an alternative secure login method for aggregators, etc to connect.

colsten

stephennt wrote: »

I doubt banks will totally remove this clause, as you never want your bank card PIN disclosed, but they would for sure have to provide an alternative secure login method for aggregators, etc to connect.

You don't give your login details or card PIN to the firm that provides the aggregator. I don't know of any provider who prohibits the use of account aggregators.

stephennt wrote: »

European PSD2 directive kicks in in a few months - by law banks are required to open up to account aggregators...

Apparently we're out of that useful club in less than 2 years time.

Reaper wrote: »

For an account aggregator I use https://www.ewise.com.au/accunity/aa/home.asp...........

It will connect to all your savings, banks account, credit cards

Wish that was actually the case. They support a big list of providers but I presently miss KRBS, Ford Money, Cambridge Building Society, Leeds BS, Coventry BS, Newbury BS, and they can't show you your M&S balances though that is M&S's fault. Still, they are indispensable for me.

tempus_fugit

Ewise looks good but it's Internet Explorer only. As a Mac user that's me excluded.

jamesblue

Reaper wrote: »

For an account aggregator I use www.ewise.com.au/accunity/aa/home.asp

Various banks use this software for aggregation (eg First Direct) but I prefer using the source software as it is faster.

Note that it is deliberately bare bones as they intend banks to buy it off them and add their own branding. You need to use Internet Explorer with it (not Edge).

It will connect to all your savings, banks account, credit cards etc with a single master login. All the account passwords are held encrypted on your local machine only. It also means you can log in to any one of them without having to remember your passwords (other than the master).

I don't trust the various mobile Apps available to manage your money, I suspect they are gathering data for spam marketing.

Thanks, I am on ewise mailing list for when the new version they are working on comes out. Try out Yodlee for the moment, really good.

jamesblue

jimjames wrote: »

Depends what you call small amounts, I don't call £20k plus small amounts but everyone is different. If you already have enough savings then maybe look at investments next?

Thank you are right, I have already done Santander 123 to the max. Even when they reduced it, it is still a very good account.

jamesblue

Quick update, I setup my accounts in Yodlee Money (free service, https://money.yodlee.com), it is really good for knowing trends on savings and investments, see net worth.

There was only a couple of accounts, that they did not support, so I added them manually.

For the non fixed Savings, I am using Savings Champion https://www.savingschampion.co.uk/and just login once a month to see if I am on the best rate. It is a shame they do not automatically email to suggest a better rate, but it does not take long to login.


Thanks the advice.

Zanderman

activeits wrote: »

I have been using MoneyDashboard for about 18 months, and found it saves me a lot of time. It keeps improving and the layout is easy to read. It will be better when they link into more Pension providers

Also MoneyDashboard are giving away 1 million Member Shares to its users

That's a referral link isn't it? Referrals are only allowed on the referrals board.