📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

The Top Easy Access Savings Discussion Area

Options
1114911501152115411552004

Comments

  • Band7
    Band7 Posts: 2,285 Forumite
    1,000 Posts Name Dropper
    Band7 said:
    I'm showing my ignorance here, but does anyone know whather the Family Account will accept debit card transactions from someone other than the account holder.  So would my wife be able to open an account and fund it using one of my Halifax debit cards.
    don’t know the answer - though why would she not use her own debit card(s), and why wouldn’t you have your own savings account?
    Because of the Halifax reward scheme.  It would be a useful dump for the £500 I need to spend on my DC every month.

    You can open a Skipton and/or FBS for that purpose in your name.
  • AndyTh_2
    AndyTh_2 Posts: 331 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Band7 said:
    Band7 said:
    I'm showing my ignorance here, but does anyone know whather the Family Account will accept debit card transactions from someone other than the account holder.  So would my wife be able to open an account and fund it using one of my Halifax debit cards.
    don’t know the answer - though why would she not use her own debit card(s), and why wouldn’t you have your own savings account?
    Because of the Halifax reward scheme.  It would be a useful dump for the £500 I need to spend on my DC every month.

    You can open a Skipton and/or FBS for that purpose in your name.
    also YBS has good loyalty perk accounts occasionally for 12 month customers, and supports card transfers too.
  • Bridlington1
    Bridlington1 Posts: 3,764 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    edited 9 March 2023 at 11:52PM
    Secure trust bank access account now pays 3.1%.

    EDIT:
    Also Charter Easy access now pays 3.05%.
  • nottsphil
    nottsphil Posts: 687 Forumite
    Part of the Furniture 500 Posts Name Dropper
    edited 9 March 2023 at 11:59PM
    not sure if anyone has posted this but if you use top cashback you get £25

    Chip Instant Access
    A new savings account from Chip built to move with the Bank of England and reward you faster than the banks. Earn a 3.40% return on your savings just deposit £5,000 or more to qualify for £20 cashback.
    Exclusive Offer£25.00
    not sure if anyone has posted this but if you use top cashback you get £25

    Chip Instant Access
    A new savings account from Chip built to move with the Bank of England and reward you faster than the banks. Earn a 3.40% return on your savings just deposit £5,000 or more to qualify for £20 cashback.
    Exclusive Offer£25.00
    If you copied and pasted that then strange how your £25 got changed to £20!
     I've already looked at Topcashback but they do not specify the time period that the £5,000 has to be in by. For all we know they could just look at the initial deposit and if it falls short, then no cash back! 
  • nottsphil said:
    not sure if anyone has posted this but if you use top cashback you get £25

    Chip Instant Access
    A new savings account from Chip built to move with the Bank of England and reward you faster than the banks. Earn a 3.40% return on your savings just deposit £5,000 or more to qualify for £20 cashback.
    Exclusive Offer£25.00
    not sure if anyone has posted this but if you use top cashback you get £25

    Chip Instant Access
    A new savings account from Chip built to move with the Bank of England and reward you faster than the banks. Earn a 3.40% return on your savings just deposit £5,000 or more to qualify for £20 cashback.
    Exclusive Offer£25.00
    If you copied and pasted that then strange how your £25 got changed to £20!
     I've already looked at Topcashback but they do not specify the time period that the £5,000 has to be in by. For all we know they could just look at the initial deposit and if it falls short, then no cash back! 
    They refer to 180 days of keeping a 5k balance for referrals in their T&Cs so someone could assume the same principle applies for cashback.
  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    £25 is possib
    nottsphil said:
    not sure if anyone has posted this but if you use top cashback you get £25

    Chip Instant Access
    A new savings account from Chip built to move with the Bank of England and reward you faster than the banks. Earn a 3.40% return on your savings just deposit £5,000 or more to qualify for £20 cashback.
    Exclusive Offer£25.00
    not sure if anyone has posted this but if you use top cashback you get £25

    Chip Instant Access
    A new savings account from Chip built to move with the Bank of England and reward you faster than the banks. Earn a 3.40% return on your savings just deposit £5,000 or more to qualify for £20 cashback.
    Exclusive Offer£25.00
    If you copied and pasted that then strange how your £25 got changed to £20!
     I've already looked at Topcashback
    That's exactly what I see there now - £25 and £20.

    but they do not specify the time period that the £5,000 has to be in by. For all we know they could just look at the initial deposit and if it falls short, then no cash back!
    Even worse, it's a mystery how they can track this as ultimately Chip direct you to Google Play to download the app. As I said above my cashback wasn't tracked and I don't hold much hope that the claim will be successful. IMO, it's better to use RAF instead.

  • intalex
    intalex Posts: 985 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    Did I read somewhere that there is an optimal date each month that money should be withdrawn from Chip in order to avoid/minimise loss of interest? I can't find the relevant post over the past few pages, and would be grateful if someone could summarise this please. Thanks in advance!
  • ForumUser7
    ForumUser7 Posts: 2,465 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    intalex said:
    Did I read somewhere that there is an optimal date each month that money should be withdrawn from Chip in order to avoid/minimise loss of interest? I can't find the relevant post over the past few pages, and would be grateful if someone could summarise this please. Thanks in advance!
    I definitely saw this about HSBC Online Bonus Saver, but not sure about chip
    If you want me to definitely see your reply, please tag me @forumuser7 Thank you.

    N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
  • Band7
    Band7 Posts: 2,285 Forumite
    1,000 Posts Name Dropper
    edited 10 March 2023 at 9:09AM
    intalex said:
    Did I read somewhere that there is an optimal date each month that money should be withdrawn from Chip in order to avoid/minimise loss of interest? I can't find the relevant post over the past few pages, and would be grateful if someone could summarise this please. Thanks in advance!
    It's only an issue if you want to close your CHIP instant access account. In all other cases, there are no limitations to withdrawals from this account.

    They pay the interest for the previous month on the 4th business day of a month. If you close the account before the interest is paid, you will lose the interest for the entire previous month, and for the 1st, 2nd, 3rd and 4th of the current month. This is different to all other savings accounts I know of, and is quite cheeky, but not really a problem.

    To get everything that rightfully yours out of the account, you should
    1. withdraw your entire balance on the 1st of a month. So you earn interest up to and including the last day of the previous month, and no more interest in the current month

    2. withdraw the interest on the 4th business day of the month. You might have to wait until late afternoon on that day before you can see the interest

    3. close the account then --  or just let it sit there with a zero balance. Apparently they will close accounts which have been dormant with a £0 balance after 6 months.

    If you don't manage to withdraw your balance on the 1st of the month, your money starts earning interest again in the new month but you can't get at that interest until the 4th business day of the next month. 
  • TomDolan
    TomDolan Posts: 78 Forumite
    Fourth Anniversary 10 Posts
    edited 10 March 2023 at 9:30AM
    Gatehouse have increased their rate on easy access

    apologies ! the picture is condensed
    rate increased from 2.96% to 3.01%
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.1K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.