The Top Easy Access Savings Discussion Area

Yogibear

webwiz wrote: »

I have started the opening process with £1 and am waiting for the paperwork. Does anyone know if I will be able to deposit funds?

the PO are useless tried to open account online wouldn't accept my address as we live in a flat 12/12 it came through as 1212:mad: as we have moved house they want docs signed by a solicitor/accountant it says you must send original documents then the last paragraph it says it`s not safe to send original docs:( the county has Edingburghshire their spelling,where the hang is that place ?:rotfl:

chris1

junkmail42 wrote: »

I'd like to see a definitive list of which savings accounts support Faster Payments both In & Out, as this can make a fair bit of difference to the interest paid. How about it Martin!? (Apologies if there's one already!)

Try https://forums.moneysavingexpert.com/discussion/985463

chris_m

Spam reported

Pound

When I signed up for the Post Office savings account I have the option of annual or monthly interest.

I had a thought that if I choose monthly I would make more money because I'd be earning interest on the previous months interest where as i would only earn interest on my own savings if I choose annual. Am i right about this?

Baldur

Pound wrote: »

When I signed up for the Post Office savings account I have the option of annual or monthly interest.

I had a thought that if I choose monthly I would make more money because I'd be earning interest on the previous months interest where as i would only earn interest on my own savings if I choose annual. Am i right about this?

The AER is the same, whether the interest is paid monthly or annually and takes compounding into account - see http://www.moneysavingexpert.com/banking/interest-rates#AER

psychic_teabag

AA 2.8% account about to be withdrawn ..? https://www.emoneyfacts.co.uk/news/savings-news.aspx?newsarticleid=199874

Nessie23

psychic_teabag wrote: »

AA 2.8% account about to be withdrawn ..? https://www.emoneyfacts.co.uk/news/savings-news.aspx?newsarticleid=199874

Now withdrawn
They have now lowered their rate to 2.6% on their new savings account (Issue 4)
http://www.theaa.com/savings/savings_calculator.jsp

Salar

Just opened an eSaver Issue 2 account paying 2.75% for instant access. I could not find info on daily withdrawal limits so phoned them to ask. Apparently there are limits but they're not prepared to disclose them. When you try to withdraw funds you'll be told to phone their 'retention team' who will decide whether you can take money out. Doesn't sound like instant access to me. I shan't be putting anything into this account.

murphydavid

Salar wrote: »

Just opened an eSaver Issue 2 account paying 2.75% for instant access. I could not find info on daily withdrawal limits so phoned them to ask. Apparently there are limits but they're not prepared to disclose them. When you try to withdraw funds you'll be told to phone their 'retention team' who will decide whether you can take money out. Doesn't sound like instant access to me. I shan't be putting anything into this account.

This is a recuring theme with Santander they also employed similar tactics with the building societies they took over. They make it easy to put your money in and hard to get it back and even harder to close an account. I would not touch them with a barge pole.

alanq

SAGA TELEPHONE SAVER and SAGA INTERNET SAVER both paying 2.75% will be withdrawn and replaced on 12 Nov with accounts paying 0.2% less.

https://www.emoneyfacts.co.uk/news/savings-news.aspx?newsarticleid=200281