The Top Easy Access Savings Discussion Area

Futuristic

Givens said:

crumpet_man said:

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.

Any extras for the £25 a month?

Choose the Private Account (not tracker) to get travel insurance + lounge etc:

https://uk.virginmoney.com/private/benefits-and-services/

pokemaster

I opened the account this morning (around 9.10am) it appeared within an hour I then made a £100 deposit at 12.11pm and it took 4hrs to appear in the account, I already had accounts with them, guess they just like to leave me on the bottom of the pile :-(

housebuyer143

cymruchris said:

ForumUser7 said:

cymruchris said:

ForumUser7 said:

n3ophyte said:

The Newcastle BS app only allows you to check your balance. Transactions aren’t supported.

They are supported - in fact I did a withdrawal on the iOS app last month.

I’ve just downloaded the app - and my £1 deposit is showing. There’s no option to withdraw - and the only option to add funds takes you to a screen instructing you to complete a bank transfer. So I’m not sure how you managed it? (I’m iOS) 

Because you're a new customer most likely - you need to wait for a nominated bank account code (mine came in the post) to verify it, and then app withdrawals are possible 

That makes sense - I'll wait and see what comes in the post.

I'm glad you asked as I was thinking the exact same thing.

loko2468

Is the interest for the NBS base rate tracker issue 1 definitely paid monthly? On the website it says

Monthly interest
4.22% gross pa/4.30% AER (variable)
Interest is paid on: Monthly anniversary of account opening.

Annual interest
4.30% gross pa/AER (variable)
Interest is paid on: Annual anniversary of account opening.

Which is it? Can't be both...

spider42

loko2468 said:

Is the interest for the NBS base rate tracker issue 1 definitely paid monthly? On the website it says

Which is it? Can't be both...

You can choose whether you want monthly or annual when you open the account.

S_uk

loko2468 said:

Is the interest for the NBS base rate tracker issue 1 definitely paid monthly? 

Yes.. if you select to be paid monthly.

grumbler

loko2468 said:

Is the interest for the NBS base rate tracker issue 1 definitely paid monthly? On the website it says

Monthly interest
4.22% gross pa/4.30% AER (variable)
Interest is paid on: Monthly anniversary of account opening.

Annual interest
  (variable)
Interest is paid on: Annual anniversary of account opening.

Which is it? Can't be both...

I think 'gross' is a confusing term that has two meanings:

• not compounded
• before tax

4.22% (not compounded) /4.30% AER (compounded)

4.30% gross pa/AER (before tax)

loko2468

spider42 said:You can choose whether you want monthly or annual when you open the account.

Thanks - in that case why would anyone chose annual over monthly? Doesn't seem there are any benefits?

grumbler

loko2468 said:

spider42 said:You can choose whether you want monthly or annual when you open the account.

Thanks - in that case why would anyone chose annual over monthly? Doesn't seem there are any benefits?

If it's monthly and you don't withdraw interest the annual result is the same as if it's annual interest.

Some people prefer to see or withdraw interest monthly.

2010

Opened NCB earlier as a new customer, paid in a tenner, just waiting for my ID to login to the account.
Also downloaded the Android app but still need the ID to get logged in.
Hopefully get it tomorrow by email.