The Top Easy Access Savings Discussion Area

LGG_2

JimmyTheWig wrote: »

Note that the egg bonus is available on all new _accounts_ not just new customers like most bonuses are.
I know egg aren't offering quite as much interest as the AA, but for an existing customer it's a lot less hassle.
Open a new savings account with egg, move the money from your existing savings account to your current account and then into your new savings account. [Note that you don't get the bonus rate if you just move the money from one egg account to another.]

It's what we'll be doing at the end of the month.

(Please note that I have no affiliation to egg other than being a long-standing happy customer.)

yeah i wondered about doing that but wouldnt they have records that you just left as a customer and refuse you the new account? as it says the money has to be new money. i guess its all computer generated so they dont notice? yeah i agree with egg being a good account. it was very easy to open. no messing with ID checks of sending cheques off that take weeks to enter your account and the website is easy to use plus a great was has turned out to be a fixed rate for the last year

Steve_xx

samba24 wrote: »

I've been looking for a new savings account recently but noticed, as many on here have already said, that most banks/BS need a cheque from your nominated bank account.

So what do you do if you don't have a cheque book? I've been with Cahoot for about 10 years and haven't had a cheque book all that time.

Has anyone found a way round this? I'm guessing that a lot of people on here won't have cheque books with their current accounts as you tend to get a higher rate of interest on your account, when they paid interest, back in the day...

Any thoughts on how to get round this? Opening another current account purely to get a cheque book and then moving the money through that every time I want to make a transfer seems like a complete pain. And with the length of time banks tend to take to transfer the money, will probably reduce whatever market beating rate I do get to something completely average.

Thanks

When you choose an account you like, telephone the bank concerned and tell them you don't have a cheque book and ask them what workaround there is for this problem. Then post the answer here.

JimmyTheWig

LGG wrote: »

yeah i wondered about doing that but wouldnt they have records that you just left as a customer and refuse you the new account? as it says the money has to be new money. i guess its all computer generated so they dont notice? yeah i agree with egg being a good account. it was very easy to open. no messing with ID checks of sending cheques off that take weeks to enter your account and the website is easy to use plus a great was has turned out to be a fixed rate for the last year

But that's the point. With egg you don't have to be a new customer to get the "new account" bonus rate.
You can keep your existing savings account open throughout the whole process.
The only (imo silly) criteria is that money into the new account comes from a non-egg account.

michaels

Anyone know what the Santander esaver is paying at the moment - says2.75% in big letters everywhere till you click on apply at which point it says the bonus is only 2% and thus the rate is 2.5% - which is correct?

samba24

Steve_xx wrote: »

When you choose an account you like, telephone the bank concerned and tell them you don't have a cheque book and ask them what workaround there is for this problem. Then post the answer here.

The AA has said there is nothing they can do. No cheque book, no account.

Steve_xx

michaels wrote: »

Anyone know what the Santander esaver is paying at the moment - says2.75% in big letters everywhere till you click on apply at which point it says the bonus is only 2% and thus the rate is 2.5% - which is correct?

It says:

"The rate of 2.75% includes a variable bonus of 2.25% gross/AER for the first 12 months from account opening."

Note that with this account that it is the bonus that is variable, not the underlying rate.

Error440

Hello everyone.

Can anyone recommend a good instant access account on the high street, that I can just put a lump sum in and make no/very few payments into?

I don't like online banking.

ricky.patel89

I just opened an Santander esaver online, do you receive a card with his savings account? I already have one for my standard Current Account?

Thanks

juicyjude

Error440 think you may be struggling there. I know what you mean, not keen on online banking myself, much prefer to see a human being where my money is concerned, but unfortunately that is the way things are heading. Have you looked on this site, or even if you google in various banks/building soc in your area you can then follow the links to them and research that way. Hope this helps you.

samizdat

Got a letter from Ulster Bank to say they are dropping the rate on the eSavings Plus account on 15 October from 2.74% AER to 2.48% AER (this a/c pays monthly interest).

Looks as though rates continue on their downward trend.