The Top Easy Access Savings Discussion Area

ToastLady

Sg28 said:

poppystar said:

BooJewels said:

Yep, me too - 14% mortgage when we got married.  My son didn't believe me either when he took out a fix last year at less than 2%.

Me too too - my payments almost doubled between when I applied for the mortgage and when I completed on the property. Think it was at its height of 15% by then. Quite a shock to the budget and definitely a struggle for a while. It was a new build and hard enough to buy the required carpets and curtains -  and that was in the days of few coffees out and meals only on special occasions and certainly no expensive tech! Someone quoted the other day that housing cost is now over 28% of monthly budget, I think it was nearer 78% in those days, well, it felt like it. (Omg turning into a grumpy old person) 

But it was a lot easier to cope with back then as house prices were a lot lower compared to incomes. Im not saying for you personally but in general terms.

Plus at the time 70s/80s early 90s, interest rates were already bouncing around 10% so going up by around 6 bps although a lot is not quite the shock of 0.1% to 5%. 

Was it really easier to cope with? Were you there at the time? It doesn't sound like it to me, as it was really not easy back then, and sometimes living hand to mouth. 
House prices were certainly lower than they are now, but that is always the case through time. Back in the 80's, getting a mortgage was limited to your income, as am sure it is now. From memory you could only take a mortgage out on 3 times your joint income (if buying as a couple). If you were a female on your own, it was really difficult to take out a mortgage at all, and was 1.5 times your income, and was extremely difficult to get. Income was obviously way below what it is today.

What I think is different to back then, is the expectations. Young couples now seem to want a house with 3-4 bedrooms, we wanted a 2 bedroom house back in the 80's, then expand over time. It just seems to be nuts these days with getting the biggest house possible, and not needing it. 

iNeed2P

Malchester said:

iNeed2P said:

Malchester said:

junebaby said:

Sorry into the Newcastle BS account. 

Yes. I paid 2 separate £1 into the account Wednesday and Thursday and they showed up quickly. Paid a few hundred in 11am today using account number but 5.5 hours later not showing in the account. If its automatic the number of people depositing should not have an effect of delaying deposits 

Malchester, correct me if I'm wrong, you're the one who recently berated others on forum for chasing rate topping accounts aren't you?
From memory, was it Investec whom you were praising,"the interest rate isn't the be all, end all of depositing" was it that you said?
Personally I'd have refrained from saying anything about opening an account with others after those comments. 
Just sayin' like.

Yes you are right. But, first there is no need for your comment.  Second although I no longer live in the North East it is still my spiritual home and want to support businesses from the area. I still stick with my views.  I did not open the Newcastle Building Society account chasing rates but in support of a business based in the North East. I would not have tried to open a similar account elsewhere.

I was commenting on your contradicting opinions, they are indeed contradicting. I can however relate to your loyalty in supporting businnesses close to your heart, it does make me wonder why you decided to wait so long before supporting Newcastle BS though.
Of course you wouldn't have tried to open a similar account elsewhere, who on earth would have thought otherwise? 

allegro120

artyboy said:

artyboy said:

moi said:

SteveG2010 said:

I have opened a Newcastle BS Tracker online and transferred some money in. There is no way to withdraw money from the account, neither via the website nor via the Android App. There just isn't a button, link or menu item to do it. All I can do is show a statement. There's something seriously wrong with their IT.

Do you not have the huge "Authenticate your nominated bank account" message? Like cymruchris said, you need the code in the post before you can withdraw to your nominated account.

For me, that message only appeared a day after the account was opened. So yes I'll just wait for the post to bring me my code, but it's far from obvious that this is going to be the process when you initially sign up...

2 letters from Newcastle BS for me this morning. And 2 for Mrs Arty (joint account) All of them are 'welcome' type letters and none of them have the verification code I need. 

Poor old rainforests...

...and the money they spend on sending letters. I turn to paperless whenever there's an option to do so and still get a lot of useless letters from banks/BSs. I don't know why they can't do all these things online.

k4y84

jaceyboy said:

k4y84 said:

I signed up for a Newcastle Building Society account on Wednesday and immediately supplied a digital copy of my driving licence, as well as submitted a £1 payment same day but I've not gotten my account setup yet. Anyone had it take this long?

Not possible to prove identity digital form, you have to post copies

They sent me a link to a document uploader when I applied… and I got an email after saying they received my upload.

Malchester

iNeed2P said:

Malchester said:

iNeed2P said:

Malchester said:

junebaby said:

Sorry into the Newcastle BS account. 

Yes. I paid 2 separate £1 into the account Wednesday and Thursday and they showed up quickly. Paid a few hundred in 11am today using account number but 5.5 hours later not showing in the account. If its automatic the number of people depositing should not have an effect of delaying deposits 

Malchester, correct me if I'm wrong, you're the one who recently berated others on forum for chasing rate topping accounts aren't you?
From memory, was it Investec whom you were praising,"the interest rate isn't the be all, end all of depositing" was it that you said?
Personally I'd have refrained from saying anything about opening an account with others after those comments. 
Just sayin' like.

Yes you are right. But, first there is no need for your comment.  Second although I no longer live in the North East it is still my spiritual home and want to support businesses from the area. I still stick with my views.  I did not open the Newcastle Building Society account chasing rates but in support of a business based in the North East. I would not have tried to open a similar account elsewhere.

I was commenting on your contradicting opinions, they are indeed contradicting. I can however relate to your loyalty in supporting businnesses close to your heart, it does make me wonder why you decided to wait so long before supporting Newcastle BS though.
Of course you wouldn't have tried to open a similar account elsewhere, who on earth would have thought otherwise? 

I have accounts with NBS already. Get the facts before dexpressing opinions!

frosch411

t33 said:

Does Secure Bank Trust increase the rate of it's EA Access Account automatically or must one keep opening new issues and transfering funds to get the latest offering?

They appear to do it automatically as the SMS said they would automatically increase it on the account I have with them 🤠

ForumUser7

Monument bank -> 4.20%
Raisin Brown Shipley -> 4.11%

Source ~ MoneyFacts

S_uk

What a week.. again!

Who knows what the next week will bring?

Black_Cat2

Hi all.  I'm new to Tandem and opened the instant access account but can't see when interest gets added.  Is it on the anniversary of account opening? I opted for receiving it monthly - thanks in advance 🐈

dingling68

Black_Cat2 said:

Hi all.  I'm new to Tandem and opened the instant access account but can't see when interest gets added.  Is it on the anniversary of account opening? I opted for receiving it monthly - thanks in advance 🐈

Yes I have just checked on mine and it is the account opening anniversary