The Top Easy Access Savings Discussion Area

Band7

tg99 said:

Band7 said:

tg99 said:

Does pulling in money to the Chip instant access account work in tandem with your linked bank account’s payment limits? Eg so for Santander that has max £25k per bank transfer faster payment online would you need to do two £25k pulls if wanted to deposit £50k in total? 

The max limit from Santander to CHIP is actually £15k. I am not sure whether this is a CHIP limit, or a Santander limit for Open Banking transactions. You can make several £15k deposits a day though, in short succession (if Santander let you.....but that's a different matter....)

I have seen people reporting their CHIP limit at other banks are lower. Barclays £8k, for example, and I think someone else said £2k but I can't remember which bank

Thanks. In terms of withdrawals back to Santander from Chip, am not aware of any limits that would apply here at either end or do things work differently when doing it by open banking (e.g. would Santander not accept payments in over a certain limit by open banking etc?)

You are right, withdrawals should not be subject to limits. AFAIK, there's no Open Banking involved in withdrawals from CHIP, just Faster Payments. I have withdrawn £40+k from CHIP to Santander in a single transaction, without any problems (arriving back in Santander within seconds). There's also no checking on the CHIP side of things as your only option is to withdraw to the account you have registered with CHIP.

flobbalobbalob

jaypers said:

Looks as though Charter have launched an Easy Access Issue 31 at 2.64%

Would suspect that this issue won’t be getting uplift to 3% on 23/2 but I’m guessing here.

It wil be interesting to see what happens. So far issues 1 to 29 have all been given the 2.75 on the same date (but not issue 30 !)

Freedommm

Coventry BS account is "active" but have been waiting for many days for online login to be working. How long does that take, after registering a login with them online?

db3745

Freedommm said:

Coventry BS account is "active" but have been waiting for many days for online login to be working. How long does that take, after registering a login with them online?

Depends what you mean by "active". Online login should be working at all times. If you have recently opened an account with them, say a Limited Access Saver, but didn't previously have an open account with them they would have had to send you a letter headed - It's time to set up your Telephone Password.

Then more stuff about accessing Telephone Services which sounds like you don't particularly need, BUT ---if you want to manage your money online, as I do, you'll need your Telephone Password when you register for Online Services.

If you're saying you've done the latter two stages, and ARE registered for Online Services, then there should be nothing stopping you accessing your personal page, and operating the account.

If you've just received the news that your account has been opened then I can say I received mine yesterday 12th, dated 9th. However I applied in December! Yesterday's letter made no mention of a letter to come as I've noted above - re Telephone Password. Why would it? I am/was registered for Online Services.

If you've got the time and patience to look at my tale at 12 January at 8:22PM (p1017) I can add that when I visited the branch yesterday the lovely lady had to ring and check that there wasn't already a "set up Telephone Password letter" in the post to me. She said she'd found there wasn't (presumably as I'd been able to log in back in December before applying they accepted I was already registered). When post arrived at 16.15 today lo and behold a letter with temporary password to set up Telephone Password etc etc. Seeing it dated 11th I knew it couldn't be the one she'd asked to be sent, but rather the one they claimed hadn't been sent.

Unsurprisingly when I correctly inputted the temporary password it was refused, obviously failing due to test 3 of the reasons showing online -

"you've already set up your new password by post/online or you’ve ordered another Password Letter and the temporary password is no longer valid."

So on and on we go......

ForumUser7

Newbury BS new rates effective 01/02/2023 ~ https://newburytest-live-f3d63f7f4dcc44ad8831e6-4e875e3.divio-media.com/filer_public/04/2a/042a0ae7-acaa-4527-9323-e55391fb6a8d/9210_-_interest_rate_change_table.pdf:

happybagger

Thanks, I shoved the max 4k in my EMA yesterday, hopefully they will continue with the 4k limit after April if they aren't getting overrun with deposits.

Bridlington1

ForumUser7 said:

Newbury BS new rates effective 01/02/2023 ~ https://newburytest-live-f3d63f7f4dcc44ad8831e6-4e875e3.divio-media.com/filer_public/04/2a/042a0ae7-acaa-4527-9323-e55391fb6a8d/9210_-_interest_rate_change_table.pdf:

Welcome to Newbury rising to 3.15%
Existing member account rising to 3.35%

All in all it's a strong performance from Newbury of late.

Grouchy

Charter Savings - I've opened but not funded an Issue 30, so unsure in these circumstances whether I'd be eligible for rate update emails if there were any.  Anyone who's been with CS a fair while know how this works?  Or when the final tranche of Issues new rates are formally announced?  I gather the next rate increases will be the 23rd?

Thanks

flobbalobbalob

Grouchy said:

Charter Savings - I've opened but not funded an Issue 30

Are you sure you still have this account because Charter say 
"If we don't receive your initial deposit within 14 days of your application, we'll assume you no longer wish to save with us."  

Grouchy

Yes. Still well within the 14 days.