The Top Easy Access Savings Discussion Area

adindas

1st november 2010 not 2011

tonywwdot wrote: »

Hello, Can you recommend a saving,s account that allows you to draw cash+buy items useing the cash-point card abroad without incurring a fee?----as the Nationwide is going to end this facility in November 2011.

murphydavid

tonywwdot wrote: »

Hello, Can you recommend a saving,s account that allows you to draw cash+buy items useing the cash-point card abroad without incurring a fee?----as the Nationwide is going to end this facility in November 2011.

Martin has done a comprehensive review on holiday money.

http://www.moneysavingexpert.com/travel/cheap-travel-money

Jake'sGran

KTF wrote: »

I am not aware of any savings account that will let you set up a direct debit to a credit card.

I have used the Nationwide credit card for years. It is still regarded as the best for overseas travel. Nationwide debits my current account every month for the full amount. There has never been a problem. Another thing Nationwide does is add an extra years' warrantee when you buy electrical items (not all). I just got a Fridge Freezer covered.

Cautious_Investor_3

Hi all

There are loads of comparison sites available, just found this one though, seems to have a few accounts on there that are not on other sites. It has some good info on deposit accounts for SIPPs too.

I can't post the link as I am new here but Google Investment Sense (.co.uk) and you will find the accounts?

The Cautious Investor

lollylvr09

samizdat wrote: »

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.

Mmmmm! Me too! Upside is that at least they have let us know the rate is dropping!
Question is 'where to take the stash next?'
What about this AA instant access a/c? 2.8% seems reasonably good given the current offerings from the majority of banks. What are the AA like to deal with? Is the account easy to open? Anyone had any experience of this savings provider?
Care to share your thoughts anyone? Thanks!

rb10

lollylvr09 wrote: »

What about this AA instant access a/c? 2.8% seems reasonably good given the current offerings from the majority of banks. What are the AA like to deal with? Is the account easy to open? Anyone had any experience of this savings provider?
Care to share your thoughts anyone? Thanks!

Have had an account with the AA since November last year (mine's an earlier reincarnation of the 2.8% account; is exactly the same but paying 3.15%).

Opening: very simple and straightforward. Takes a few days to get it up and running as they have to send you an application form for you to sign, and you have to send them a cheque to open the account. But on the plus side, they are very quick to send the letters out, so you don't wait long.

Operating: excellent, it's all done online so no human contact needed!

The account accepts Faster Payments inwards, so I'd recommend paying in by going on to your bank's internet banking, and making the payment through there. Sort code and account number details are here: http://www.theaa.com/savings/faqs_internet.html#Managingyouraccount

Payments outwards do not yet go via Faster Payments, so they take two working days.

Randy

Jeddy wrote: »

although to add Vantage onto the Classic a/c to get this interest rate you do need to deposit at least £1k per month into the a/c.
Jeddy

Simple to get round, get 2 or more accounts and pass £1k from 1 to the other.

ecarter51

Hi everyone,

Wondering if someone can help me.

I'm about to open a savings account in the next week or two to put away £10,000 of savings. At the end of October I go travelling - I'll be in Thailand for a month and Australia for a year (possibly working out there).

I was going to go for the AA Internet Saver as it seemed the best place to put the money for a year and get a decent interest rate, but looking onto their Ts and Cs closer I came across this wording:

"If you complete the online application process while residing in the UK, you may be able to use our online service from abroad to view your account details – subject to local banking laws – providing no transactions are made.
However, we do not endorse the use of our services from abroad."

Obviously I'll open the account whilst still in the UK, but I'm concerned and confused by this wording. On the log-in page there is also a note:

"Outside the UK.
This site is intended for use by UK residents only. All products or other financial services accessible through this website are offered in the UK only.
If you are currently outside the UK (for example, when you are on holiday) and wish to use the service to view information about your accounts, you may do so. However, before using this site, you must ensure that you would not be breaking any laws or regulations within the jurisdiction by doing so.
You must not make any transactions or open any accounts using this site if you are outside the UK. This site contains information which is only intended for use by or distribution to any person, company or other body in any jurisdiction or country where such use or distribution would not contravene local laws or regulations."

What does this actually mean and should I be put off opening the account? I'm not intending to need to access the account from abroad at all but couldn't say 100% and it would be good to know if I can at least view the account without there being some kind of problem for doing so from Australia.

Also if I did need to transfer some funds to my main UK bank account from the savings account it seems this isn't possible from abroad - so would I just get a family member to login from the UK to do so for me if needed?

Anyone who can offer and advice/facts on the matter please let me know - it would be gratefully received as I just want to get a savings account opened, and am concerned it's not just this account with AA that has these kind of Ts and Cs - almost thinking I should just leave the amount in a current account, but then I'm missing out on a much better interest rate?

Many thanks!

woodview

ecarter51 wrote: »

Hi everyone,

Wondering if someone can help me.

I'm about to open a savings account in the next week or two to put away £10,000 of savings. At the end of October I go travelling - I'll be in Thailand for a month and Australia for a year (possibly working out there).

I was going to go for the AA Internet Saver as it seemed the best place to put the money for a year and get a decent interest rate, but looking onto their Ts and Cs closer I came across this wording:

"If you complete the online application process while residing in the UK, you may be able to use our online service from abroad to view your account details – subject to local banking laws – providing no transactions are made.
However, we do not endorse the use of our services from abroad."

Obviously I'll open the account whilst still in the UK, but I'm concerned and confused by this wording. On the log-in page there is also a note:

"Outside the UK.
This site is intended for use by UK residents only. All products or other financial services accessible through this website are offered in the UK only.
If you are currently outside the UK (for example, when you are on holiday) and wish to use the service to view information about your accounts, you may do so. However, before using this site, you must ensure that you would not be breaking any laws or regulations within the jurisdiction by doing so.
You must not make any transactions or open any accounts using this site if you are outside the UK. This site contains information which is only intended for use by or distribution to any person, company or other body in any jurisdiction or country where such use or distribution would not contravene local laws or regulations."

What does this actually mean and should I be put off opening the account? I'm not intending to need to access the account from abroad at all but couldn't say 100% and it would be good to know if I can at least view the account without there being some kind of problem for doing so from Australia.

Also if I did need to transfer some funds to my main UK bank account from the savings account it seems this isn't possible from abroad - so would I just get a family member to login from the UK to do so for me if needed?

Anyone who can offer and advice/facts on the matter please let me know - it would be gratefully received as I just want to get a savings account opened, and am concerned it's not just this account with AA that has these kind of Ts and Cs - almost thinking I should just leave the amount in a current account, but then I'm missing out on a much better interest rate?

Many thanks!

I have just closed my AA online account. I had only paid money in to the account and when I wanted to remove money for the first time I could not. They admitted they had broken the link to my bank account from their end and would need 5 days to set it up again.

When I complained they did agree to close the account and transfer all my money out the next day. Not impressed with their idea of an 'easy access account'.

Also I had missed the problem with operating the account from abroad as I plan to move to Australia next year but was going to leave money in the account.

I now do test transfers of new accounts 'both ways'.

MillsBTRS

Hey

First time poster.

Getting towards the ISA limit and was wondering if anyone could point me in the right direction for a decent savings account.

Been looking at AA, santander, and various others within the paper, and i am loking for one that has easy transfer online from other accounts and also that may provide a card for an online aco!!!! and easy access, but more importantly...good rates