The Top Easy Access Savings Discussion Area

2010

NCB, when paying money in using your account number as a reference, do you only put the seven digits or the full account number such as DCD2277885SMI

ForumUser7

2010 said:

NCB, when paying money in using your account number as a reference, do you only put the seven digits or the full account number such as [redacted prior to posting]

If that’s your account number, remove it from the post - hopefully it isn’t.

You use their sort code and account number, and then the full reference in the reference field I.e. ABC1234567DEF

FindingBBob

Krakkkers said:

So where is the promised Fordmoney rise?

Had my email.. expect them to move again soon, have been fairly consistent in chasing the market over the past couple of months.. 

jaypers

Apologies as this must have been asked before but how long do payments take in and out of YBS? TIA

Aidanmc

Regarding authentication of nominated account for Newcastle BS before withdrawals can be made, i understand they send this out by post. Did i read somewhere here yesterday, someone said if you click request new code it is sent by email?

I looked to try and find the post but i don't see it.

ForumUser7

jaypers said:

Apologies as this must have been asked before but how long do payments take in and out of YBS? TIA

~ 2 hours in, next day out (I think if requested before 8pm cut off, might be midnight)

Aidanmc said:

Regarding authentication of nominated account for Newcastle BS before withdrawals can be made, i understand they send this out by post. Did i read somewhere here yesterday, someone said if you click request new code it is sent by email?

I looked to try and find the post but i don't see it.

User ID can be sent by email if you select forgot User ID. Don't think the same is possible with nominated account verification code, post only I think

uptdale

grumbler said:

uptdale said:

grumbler said:

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.

The result is the same if you keep the account open for 12 months and the annual interest is paid in 12 months time.  If you close earlier, you'd get a bit more interest opting for annual interest because you'd get the annual interest rate on closure. 

I think you are mistaken. Both monthly and yearly interests are calculated daily.

Yes, monthly interest is calculated daily at 4.22%, and annual interest is calculated daily at 4.30%.  But monthly interest is compounded monthly, annual interest is compounded annually.  That's the difference.  It takes 12 months for the interest on monthly interest to catch up with the annual interest rate.

Catplan

wiseonesomeofthetime said:

Kazza242 said:

I logged into YBS online banking and I can't see any interest rate change applied to their Loyalty Six Access E-Saver account (NLA).  It is still displaying a rate of 4.00%

If it stays that way, I'll be emptying it for Newcastle's Tracker.

Edit - my mistake.

SeriousHoax

I think it's time to say goodbye to Marcus today.

Yes I'm going to proceed with a divorce & withdraw my £1.

My relationship with chip + others is very good indeed.😜

ForumUser7

Close Brothers EA -> 4.02% Source ~ MoneyFacts

(And confirmed on their own website. Rate applies when balance > £10k)