The Top Easy Access Savings Discussion Area

PixelPound

n3ophyte said:

n3ophyte said:

Having just opened the new Newcastle BS Easy Access Tracker I noticed this caveat in the account details.

If you have selected to fund your initial application online this will take a minimum of 7 working days from account opening but could take longer if you have chosen to fund at a future date

Not so great for those of us used to instant app based transfers

Just an update to my original post above. I can confirm my initial deposit of £10 landed in the above account after roughly 1 hour not 7 working days

Probably because you got in before the deluge of new accounts being opened? I've received my user ID email now so hopefully not too far behind you.

Futuristic

For those big savings (£85k or more) could just go with Virgin money private which has -0.25% below base rate with £25/m fee still would end up with more then NBS. https://uk.virginmoney.com/private/savings/private-savings-account/

SJMALBA

I opened my Nationwide FlexDirect account 28.6.22 - is today the day that the 5% drops to 0.25%, so time to empty?

wiseonesomeofthetime

SJMALBA said:

I opened my Nationwide FlexDirect account 28.6.22 - is today the day that the 5% drops to 0.25%, so time to empty?

As it's only 5% for 12 months, and 12 months has passed, the answer would be YES

london21

The rates constantly changing opened 2 accounts yesterday Chip and tandem paying 4.21% and 4.1%. can’t be bothered to open another account with Newcastle BS to get 4.3%. just sent back the source of wealth requirements for Chip today. How do people keep up wih the constant change. Was previously using Santander esaver offering 3.2%

Yellowman

london21 said:

The rates constantly changing opened 2 accounts yesterday Chip and tandem paying 4.21% and 4.1%. can’t be bothered to open another account to get 4.3%. just sent back the source of wealth requirements for Chip today. How do people keep up wih the constant change. Was previously using Santander esaver offering 3.2%

Once you have opened a range of easy-access savings accounts and kept unused ones open with a £1 holding deposit in each, hopping from one account to another becomes so much easier.

Fatherjacob

Futuristic said:

For those big savings (£85k or more) could just go with Virgin money private which has -0.25% below base rate with £25/m fee still would end up with more then NBS. https://uk.virginmoney.com/private/savings/private-savings-account/

Is this an easy access ? if so it should be the go to for most people .
Im considering the fixed term option for my savings ,but still cant bring myself to tying up large sums for 1 year. 
If this Virgin account is correct ,im all over it

Aidanmc

My first deposit to Newcastle BS  tracker acc arrived in about 15mins. I made a second deposit and still not showing 4hrs later.

Both deposits using account number as the reference

crumpet_man

Fatherjacob said:

Futuristic said:

For those big savings (£85k or more) could just go with Virgin money private which has -0.25% below base rate with £25/m fee still would end up with more then NBS. https://uk.virginmoney.com/private/savings/private-savings-account/

Is this an easy access ? if so it should be the go to for most people .
Im considering the fixed term option for my savings ,but still cant bring myself to tying up large sums for 1 year. 
If this Virgin account is correct ,im all over it

You need a virgin money private banking account which has a £25 per month fee.  Then you need more than approx £56k in the savings account to outweigh the monthly fee.

Steve_xx

Aidanmc said:

My first deposit to Newcastle BS  tracker acc arrived in about 15mins. I made a second deposit and still not showing 4hrs later.

Both deposits using account number as the reference

At what time was your first deposit sent? It may be that they'll have a cutoff time of say 2pm.