The Top Easy Access Savings Discussion Area

Band7

gt94sss2 said:

Chip now allows you to deposit funds into their account via faster payments.

When you press the add money option in the app, their is a new (4th) option showing.

It still needs to be from your nominated account.

I can't see this 4th option, and there's no new version available to me (iOS). May be they are rolling it out in batches. Not that I would want to use this option as the OB deposits are ever so convenient and fast. But it will be useful for those whose banks don't support OB payments at present (Virgin, Chase, Kroo spring to mind)

SickGroove

gt94sss2 said:

Chip now allows you to deposit funds into their account via faster payments.

When you press the add money option in the app, their is a new (4th) option showing.

It still needs to be from your nominated account.

I can still only see 3 deposit options.....bank transfer.....Apple pay.....bank card

The bank transfer one is what they always recommend is best/quickest to use

Zaul22

OK I found this 4th option on Android, it wasn't there last time I tried the app a few days ago though.  

hoc

infoadict said:

Thanks  - but that doesn't tell me when the debit takes place and whether a day's interest is lost. I.e with Coventry you instruct on Day 1 but they only debit your account on Day 2 and then transfer. Charter however debit on Day 1 and transfer on Day 2, thus losing interest.

Which of these camps does Shawbrook fit into?

Shawbrook do it properly. Most banks do. Charter, Kent Reliance are in the exception forcing payment to be scheduled the following day but deducting the balance immediately.

t1redmonkey

I just noticed Barclays have paid me the interest on the Rainy Day Saver today.  Bit weird since they usually pay it on the 1st of the month; not sure if everyone's been paid or just me.  But worth logging in and checking if you're like me and usually move the interest as soon as it lands.

refluxer

t1redmonkey said:

I just noticed Barclays have paid me the interest on the Rainy Day Saver today.  Bit weird since they usually pay it on the 1st of the month; not sure if everyone's been paid or just me.  But worth logging in and checking if you're like me and usually move the interest as soon as it lands.

Yes, me too. I've got kids' accounts that also get interest on the 1st of the month and that was also paid today. Must just be the way Barclays deal with the 1st falling on a bank holiday Monday.

wmb194

t1redmonkey said:

I just noticed Barclays have paid me the interest on the Rainy Day Saver today.  Bit weird since they usually pay it on the 1st of the month; not sure if everyone's been paid or just me.  But worth logging in and checking if you're like me and usually move the interest as soon as it lands.

This is how Barclays always does it if the interest payment date falls at the weekend or on a bank holiday i.e. you'll see the interest credited on the Saturday with that day's date but the date will keep changing until it settles on the 1st.

grumbler

hoc said:

infoadict said:

Thanks  - but that doesn't tell me when the debit takes place and whether a day's interest is lost. I.e with Coventry you instruct on Day 1 but they only debit your account on Day 2 and then transfer. Charter however debit on Day 1 and transfer on Day 2, thus losing interest.

Which of these camps does Shawbrook fit into?

Shawbrook do it properly.

Do they?

As I posted above 10/11 and 11/11 were respectively the dates of debit and credit for my withdrawal from Shawbrook.

BestSeagull

2010 said:

SJMALBA said:

Shawbrook EA Issue 35 - 3.65% (3.59% monthly), 1k min.

https://www.shawbrook.co.uk/direct/savings/personal-savings/easy-access-savings-accounts/

@soulsaver

Be aware with this account, minimum withdrawal £500.

Shawbrook. You can always re-deposit the difference if you wanted less than £500 in the first place. 

jaypers

Seems to be a lot of activity with rates this past week. What are peoples thought on what happens next? For me, I don’t like the idea of CHIP and also things about Shawbrook put me off like having to open new issues all of the time to get the latest rates etc.

I suspect Zopa will move next, closely followed by Atom. Marcus will do absolutely nothing but I also think Chase will move to 3.5% fairly soon.

I feel that the institutions are betting on interest rates about to peak. As they start to drop off again, you can guarantee that rates will reduce straight away, in line with announcements, unlike increases where we have to wait. I’m still looking at locking into a couple of 2 year fixes between now and August. Closely watching Easy Access rates and not keen on opening any more accounts. Feel this thread will be busy next week.