The Top Easy Access Savings Discussion Area

refluxer

RedImp_2 said:

Just logged into my Marcus, wasn’t any option to increase bonus rate (not via app at least)

You need to open the account, go to the 3 dots in the top right corner and select 'View bonus options', scroll down, check the new rate compared with the old one and, if you're happy to proceed, click 'Renew your bonus'.

That's on the Android app at least but I'd imagine the iOS app would be similar.

RedImp_2

refluxer said:

RedImp_2 said:

Just logged into my Marcus, wasn’t any option to increase bonus rate (not via app at least)

You need to open the account, go to the 3 dots in the top right corner and select 'View bonus options', scroll down, check the new rate compared with the old one and, if you're happy to proceed, click 'Renew your bonus'.

That's on the Android app at least but I'd imagine the iOS app would be similar.

Cheers that’s worked.  Wasn’t obvious if I didn’t read this forum wouldn’t know about it

ForumUser7

Newbury BS mentioned they would review rates at the end of April, nothing will be changing:

Update 25 April 2023: We continue to review our savings interest rates, considering a number of factors, including the current market conditions. There will be no changes to saving interest rates at this time. However, we will continue to monitor this and if any future changes are made we will update this page.

Source ~ https://www.newbury.co.uk/news-knowledge/news/bank-of-england-base-rate-change-23-march-2023/

Kazza242

According to Moneyfacts, Sainsbury's Bank are launching Defined Access Saver (issue 42), paying 3.37%.

3.37% on £1000 and above
1.15% on £1 - £999

The minimum opening deposit is £1.

Three penalty-free withdrawals permitted per year.  

The account is now available via the Sainsbury's Bank website: 

https://www.sainsburysbank.co.uk/savings/sav_definedsaver_skip

10_66

Can someone remind me, please, what the timelines are for Zopa and Tandem for withdrawals and payments in?

Bigwheels1111

10_66 said:

Can someone remind me, please, what the timelines are for Zopa and Tandem for withdrawals and payments in?

Tandem was less than 10 minutes for withdrawals, that was for 85k.
Just as quick going in.
Make a small payment first if that makes you happy.
Not got a Zopa account.

jaypers

10_66 said:

Can someone remind me, please, what the timelines are for Zopa and Tandem for withdrawals and payments in?

Zopa generally takes around 20mins for me. Once took around 2 hours. I think the processing they use is slightly different where payments are batched internally and some sort of process runs every half hour or so, as opposed to somewhere like Atom or the big banks where Faster Payments SIP is used and it’s pretty much instant. All good though. 

10_66

Thank you Bigwheels1111 and jaypers, I should've added, are w/d and payments operated over non-bank working days, please?

jaypers

10_66 said:

Thank you Bigwheels1111 and jaypers, I should've added, are w/d and payments operated over non-bank working days, please?

Don’t know about Tandem as not used them but I have paid money into Zopa over a weekend and it was the same as a weekday. Should always bear in mind though that Banking institutions will always make any changes over a weekend so there is always the chance of delays. Most decent ones give notice though and I have seen Zopa put banner messages in their app of any upcoming disruption. 

kaMelo

10_66 said:

Thank you Bigwheels1111 and jaypers, I should've added, are w/d and payments operated over non-bank working days, please?

Weekends seem to take a little longer, not always but sometimes longer than the usual 20 mins.