The Top Easy Access Savings Discussion Area

jak22

Photo ID isnt a given. The Open Banking happens as part of the account linking which might be part of the ID check. There should be an option in your bank app to then remove the open banking authorisation but this method of funding - rather then entering savings account details as a payee in the bank app and then making a test transfer etc - actually works OK.

jimexbox

Personally I'll link an unused current account, First direct in my case, if I have to use open banking to get the best rates in future. Seems to be a trend. 

ASL1

How should we transfer from Chip to the new Tandem account without losing the interest on the chip account?

Will chip be paying interest on Thursday (4th working day of the month). Is it best to wait until then to transfer?

Jmc85

ASL1 said:

How should we transfer from Chip to the new Tandem account without losing the interest on the chip account?

Will chip be paying interest on Thursday (4th working day of the month). Is it best to wait until then to transfer?

Just don't close the account with Chip - and maybe leave a £1? You will still receive your interest.

As an aside, i'm holding fire - this change only happened this morning - and Chip have usually been v fast to up their rates to stay at the top

SeriousHoax

I think there is going to be a fight.🥊🥊

Chip v Tandem v Zopa.

pearl123

SeriousHoax said:

I think there is going to be a fight.🥊🥊

Chip v Tandem v Zopa.

Let's hope a few more come out fighting. 

Band7

ToastLady said:

Expotter said:

jaypers said:

Just read that Tandem are paying 3.5% Easy Access. Never used Tandem before……any pros/cons? 

I haven't used them either, do they ask for photo ID to open an account and do you have to sign up for open banking?

Yes to both.

You can also make deposits into Tandem with traditional Faster Payments. Though I find using OB is much easier and quicker.

Withdrawals don't use OB.

Band7

Jmc85 said:

ASL1 said:

How should we transfer from Chip to the new Tandem account without losing the interest on the chip account?

Will chip be paying interest on Thursday (4th working day of the month). Is it best to wait until then to transfer?

Just don't close the account with Chip - and maybe leave a £1? You will still receive your interest.

As an aside, i'm holding fire - this change only happened this morning - and Chip have usually been v fast to up their rates to stay at the top

I moved almost my entire balance from CHIP to Tandem. If CHIP want it back, they need to offer at least 3.6%.

Takes seconds to move funds around.

movingon

I moved almost my entire balance from CHIP to Tandem. If CHIP want it back, they need to offer at least 3.6%.

Takes seconds to move funds around.

And answer their emails.

Kazza242

When granting Tandem access to your account (via Open Banking).  If you have a number of current accounts with a particular bank.  Is there any way to only grant them access to one of your current accounts with that bank?