The Top Easy Access Savings Discussion Area

BestSeagull

It was worth opening Kent Reliance, issue 55 for me. I had issue 52 which even with the 0.25% increase is still less than issue 55 as it stands now. The same applies for issue 53 (and maybe more, I didn't check them all.)

Interest rates here.    https://www.kentreliance.co.uk/interest-rates

soulsaver

BestSeagull said:

It was worth opening Kent Reliance, issue 55 for me. I had issue 52 which even with the 0.25% increase is still less than issue 55 as it stands now. The same applies for issue 53 (and maybe more, I didn't check them all.)

Interest rates here.    https://www.kentreliance.co.uk/interest-rates

Y Iss 52 & 53  are a bit of an anomaly - I've got Iss31 which is 3.25% now (and lots of the older issues), going 3.5% 18th. 

TiVo_Lad

The Family Building Society Easy Access Saver Issue 5 is now 3.4% on balances over £100.

https://www.familybuildingsociety.co.uk/savings/easy-access-savings/product-detail/online-saver-(5)

Note that withdrawls are limited to a maximum of £25K per day

@soulsaver

"For any customers who have previously opened this savings account before 13 April, we will shortly be notifying you by email or by letter of the increase to your savings interest rate."

phillw

flobbalobbalob said:
You can connect another account using open banking. Does open banking check anything on the new account?

 I haven't used tandem. Zopa wants a bank statement with my name and address on to add a new account

phillw

OceanSound said:
However, customer could lose phone on Friday of a long bank holiday weekend and may not be able to get a replacement SIM until Tuesday. In this scenario, isn't the customer able to temporarily change their phone number to a replacement number (a bit like the replacement bus service that runs during weekends when there is work carried out on the rail lines. LOL)

Banks don't usually circumvent their security just for your convenience over a bank holiday.


In those circumstances, the customer would be within their right to request the bank or fintech to change their phone number. The bank or fintech would then need to change it (after confirming the customers ID). 

You can request whatever you like, they don't have to do anything. The bank can even prevent you accessing your money whenever they feel like it. You can complain & take it to the ombudsman after 28 days if you get nowhere, then wait in a queue for your complaint to be heard.

Band7

phillw said:

flobbalobbalob said:
You can connect another account using open banking. Does open banking check anything on the new account?

 I haven't used tandem. Zopa wants a bank statement with my name and address on to add a new account

You only need to provide a bank statement if they can verify your current account electronically

phillw

Band7 said:
You only need to provide a bank statement if they can verify your current account electronically

No idea why the verification would fail, but presumably they check the name and address on the account?

Band7

phillw said:

Band7 said:
You only need to provide a bank statement if they can verify your current account electronically

No idea why the verification would fail, but presumably they check the name and address on the account?

I had Santander, Starling and Nationwide added without the need of a statement. i did not manage to get Fineco or Wise added, despite providing Zopa with the requested statements. I have no idea what they check.

jak22

Post Office Savings Online Saver Issue 63

3.22% AER 3.17% monthly including a 12 month bonus element of 2.32%/2.27%

Futuristic

Band7 said:

phillw said:

Band7 said:
You only need to provide a bank statement if they can verify your current account electronically

No idea why the verification would fail, but presumably they check the name and address on the account?

I had Santander, Starling and Nationwide added without the need of a statement. i did not manage to get Fineco or Wise added, despite providing Zopa with the requested statements. I have no idea what they check.

Well they are not really "bank" accounts so I can understand why they rejected those.

I sent my Chase statement since it has no open banking and they added it without any further questions.