The Top Easy Access Savings Discussion Area

Nick_C

gwapenut said:

Are there any savings accounts where you can schedule multiple future payments to the same destination account? 

I know a few accounts where you can future date ONE transaction at a time, or of course high interest current accounts, but I'm only interested in a savings account with a decent rate of interest which can do this - if any exist.

Skipton also allow multiple scheduled payments, but you are limited to two nominated accounts.

gwapenut

Nick_C said:

gwapenut said:

Are there any savings accounts where you can schedule multiple future payments to the same destination account? 

I know a few accounts where you can future date ONE transaction at a time, or of course high interest current accounts, but I'm only interested in a savings account with a decent rate of interest which can do this - if any exist.

Skipton also allow multiple scheduled payments, but you are limited to two nominated accounts.

Excellent thank you for that, I do have a base-0.9% tracker account with Skipton so that will be a very lucrative feeder for the time being.

Nick_C

You can get around the limitation of only two nominated accounts by having more than one savings account with them.  Two savings accounts would allow you to schedule payments to 4 different external accounts.  You can also schedule future transfers between different Skipton accounts.

When you schedule a future payment, you need to have sufficient cleared funds in your account to cover that payment when you schedule it.

pecunianonolet

gwapenut said:

Thanks, but I'm not interested in a new current account at the moment (which i believe I would need to access the chase saver). I don't really want the soft credit search as my employment status is in flux.

You can have as many soft searches as you like as you and the CRO are the only ones seeing it so they are irrelevant. 

gwapenut

Nick_C said:

You can get around the limitation of only two nominated accounts by having more than one savings account with them.  Two savings accounts would allow you to schedule payments to 4 different external accounts.  You can also schedule future transfers between different Skipton accounts.

When you schedule a future payment, you need to have sufficient cleared funds in your account to cover that payment when you schedule it.

Thanks Nick

 When you say "Skipton also allow multiple scheduled payments, but you are limited to two nominated accounts."

I am only interested in it going to 1 account and from 1 account. Did you mean that I could set up a string of, say, 4 future payments to that account, or did you mean that I could set up 1 future payment to 1 of my nominated accounts, and 1 to the other?

I can't test it out for myself yet because I'm waiting for funds to clear!

gwapenut

pecunianonolet said:

gwapenut said:

Thanks, but I'm not interested in a new current account at the moment (which i believe I would need to access the chase saver). I don't really want the soft credit search as my employment status is in flux.

You can have as many soft searches as you like as you and the CRO are the only ones seeing it so they are irrelevant. 

I'm a bit worried about triggering a "discrepancy" flag. Having applied for a couple of credit cards in January while I was still employed and was not on notice etc, versus just 2-3 months later having had enough and deciding to take a break. It feels like a short gap to me, it can be justified, but I'd rather not have any "concerns". It's not clear to me whether a soft search for no credit with differing employment status would set off any flags, and I feel it is not worth the risk.

pecunianonolet

gwapenut said:

pecunianonolet said:

gwapenut said:

Thanks, but I'm not interested in a new current account at the moment (which i believe I would need to access the chase saver). I don't really want the soft credit search as my employment status is in flux.

You can have as many soft searches as you like as you and the CRO are the only ones seeing it so they are irrelevant. 

I'm a bit worried about triggering a "discrepancy" flag. Having applied for a couple of credit cards in January while I was still employed and was not on notice etc, versus just 2-3 months later having had enough and deciding to take a break. It feels like a short gap to me, it can be justified, but I'd rather not have any "concerns". It's not clear to me whether a soft search for no credit with differing employment status would set off any flags, and I feel it is not worth the risk.

I took out 6 credit cards, opened around 10 current accounts (not counting the soft search ones with Lloyds as you can have up to 5, of which I switched 2 away and opened another 2 straight after). I run a 30k stoozing pot on those credit cards and can still open new current accounts easily of which I had First Direct, Virgin Money and Halifax alone this week and an application with Ulster bank from this week is running as well. Yes, I am full time employed and a higher earner, which might make the difference. 

However, soft searches are totally irrelevant. Your credit history is what counts and if you can make repayments on time, etc. as long as your gap is short lived and not 6 months or even a year I don't see any problems as long as you can repay from savings etc. Maybe head over to the sub forum and ask the question there as it isn't really an easy access savings topic 

Nick_C

gwapenut said:

Nick_C said:

You can get around the limitation of only two nominated accounts by having more than one savings account with them.  Two savings accounts would allow you to schedule payments to 4 different external accounts.  You can also schedule future transfers between different Skipton accounts.

When you schedule a future payment, you need to have sufficient cleared funds in your account to cover that payment when you schedule it.

Thanks Nick

 When you say "Skipton also allow multiple scheduled payments, but you are limited to two nominated accounts."

I am only interested in it going to 1 account and from 1 account. Did you mean that I could set up a string of, say, 4 future payments to that account, or did you mean that I could set up 1 future payment to 1 of my nominated accounts, and 1 to the other?

I can't test it out for myself yet because I'm waiting for funds to clear!

You can set up a string of future dated payments to one (or two) account(s) (from each savings account you have).

One Skipton account feeding a single external account should be fine (although I have only tested two future payments).

whatleytom87

Looks like Cynergy at 3.25% now

alternate

whatleytom87 said:

Looks like Cynergy at 3.25% now

Includes a 0.15% 12 month bonus, so you might need to open a new account rather than than them updating the rate for existing accounts.