The Top Easy Access Savings Discussion Area

PloughmansLunch

Bridlington1 said:

2010 said:

ERM92 said:

2010 said:

cricidmuslibale said:

jak22 said:

YBS still havent announced changes after the Feb 2nd BoE

Worse still, Nationwide have yet to announce any interest rate increases in response to either that Feb B of E base rate increase of 0.5% or even the previous mid Dec B of E base rate rise of 0.5%!

I gave up with Nwide and Marcus a month ago and switched everything to Paragon.

It seems Nationwide are using their temporary ‘current account 5% cashback on shopping’ offer instead of paying reasonable interest.

Yes, big deal !!!
Limited to £10 a month, only certain retailers, runs for 2 months and you need to spend £400 to get £20.
Also not paid until six weeks after the end of each month.

On your side, no shareholders to pay, looking after members blah, blah, blah !

Though to be fair I am getting a 5% regular saver out of them so they do at least serve some purpose. 

Start to Save T&Cs are a bit odd - max pay in is £50 a month, but max balance is £5m, so that'll take a while to fill.

Freedommm

Signed up with Tandem. 
This is a very different experience to Coventry. Only took minutes, completely electronically, zero hassle.
One thing I don't understand is why they insist on accessing info on your existing bank accounts elsewhere. Wny is it any of their business to snoop on you? 

flaneurs_lobster

PloughmansLunch said:

Bridlington1 said:

2010 said:

ERM92 said:

2010 said:

cricidmuslibale said:

jak22 said:

YBS still havent announced changes after the Feb 2nd BoE

Worse still, Nationwide have yet to announce any interest rate increases in response to either that Feb B of E base rate increase of 0.5% or even the previous mid Dec B of E base rate rise of 0.5%!

I gave up with Nwide and Marcus a month ago and switched everything to Paragon.

It seems Nationwide are using their temporary ‘current account 5% cashback on shopping’ offer instead of paying reasonable interest.

Yes, big deal !!!
Limited to £10 a month, only certain retailers, runs for 2 months and you need to spend £400 to get £20.
Also not paid until six weeks after the end of each month.

On your side, no shareholders to pay, looking after members blah, blah, blah !

Though to be fair I am getting a 5% regular saver out of them so they do at least serve some purpose. 

Start to Save T&Cs are a bit odd - max pay in is £50 a month, but max balance is £5m, so that'll take a while to fill.

Can't you do about 20 trillion round-ups on your debit card?

soulsaver

Back on Tandem: What is it that you're opting into to get the Top Up? Does it say how long the opt in lasts? Is it clear that you can renew it? 

ASAICS None of these are clarified in their web pages atm.

PloughmansLunch

soulsaver said:

Back on Tandem: What is it that you're opting into to get the Top Up? Does it say how long the opt in lasts? Is it clear that you can renew it? 

ASAICS None of these are clarified in their web pages atm.

Email back in Jan (when I applied it) states the top-up lasts for 12months and is variable

janusdesign

soulsaver said:

Back on Tandem: What is it that you're opting into to get the Top Up? Does it say how long the opt in lasts? Is it clear that you can renew it? 

ASAICS None of these are clarified in their web pages atm.

• it's just a boost to the interest rate - I treat it the same as Marcus.
• it lasts for 12 months.
• "Once their Top Up period has come to an end, if there’s a Top Up being offered at the time, customers will be able to add the new Top Up to their account."
  
• https://www.tandem.co.uk/newsroom/tandem-rewards-savings-customers-with-top-up-launch

AmityNeon

soulsaver said:

Back on Tandem: What is it that you're opting into to get the Top Up? Does it say how long the opt in lasts? Is it clear that you can renew it?

The first time they introduced the Top Up was on 19 Jan 2023. Email reply: "Your new rate of 2.75% AER (variable) now includes a top up of 0.2% AER (variable) until 19-Jan-24."

Bridlington1 said:

Bridlington1 said:

SickGroove said:

I am an existing customer with Tandem & it's still showing 3.05% with top up on. No option to change/add top up to get 3.20%...any ideas?

I'm in the same boat. I've just started a live chat with them so will update the thread once I've any progress.

I have a response from tandem. They have said the interest rate will be updated by close of business today so I should be able to apply the top up then.

The Top Up rate is also variable and increases automatically so it's not an option for which we should need to opt in again. The app should update by close of business today, although it won't be at the same time for everyone.

BigBlueSky

My Tandem account is now showing the new 3.20% AER rate.

jimexbox

Freedommm said:

Signed up with Tandem. 
This is a very different experience to Coventry. Only took minutes, completely electronically, zero hassle.
One thing I don't understand is why they insist on accessing info on your existing bank accounts elsewhere. Wny is it any of their business to snoop on you? 

You have to agree to open banking?

soulsaver

Found the Top Up, so called, terms (My bold):

"T O P  U P
A Top Up interest rate may be applicable to your account. This rate is also variable and as per your interest rate, if we decide to increase your Top Up, we may do so with immediate effect and inform you afterwards. If we decide to reduce your Top Up, we’ll give you at least 30 days’ notice before the change comes into effect. If we do offer a Top Up, you will need to add the Top Up to your account either in the app, or by giving us a call.

We will provide you with details of the relevant terms applicable to that Top Up, including the applicable rate, how this will be calculated, and the length of time for which the Top Up will apply.   If you have topped up your rate, we will automatically apply any changes to the rate to your account until your top up expires. We will write to you with 30 days’ notice to let you know when your Top Up is expiring."


No clarity in what circumstances the Top Up may not be applicable? In what circumstances you may not be offered the Top Up?

They'll going in the ToTP 'Odd Balls' until they make their terms clear(er).