The Top Easy Access Savings Discussion Area

ForumUser7

Didn’t DF capital have an issue 1 EA before this that was withdrawn for a short period of time?

“Meanwhile, DF Capital launched its first ever easy-access deal paying 4.55 per cent superseding Coventry Building Society's 4.5 per cent deal at the top of This is Money's best buy easy-access tables.”

https://www.thisismoney.co.uk/money/saving/article-12310559/Five-new-best-buy-savings-accounts-Shawbrook-Bank-launches-cash-Isas-theres-new-leading-easy-access-fixed-rate-deal.html

[Deleted User]

TiVo_Lad said:

The money arrives very quickly, but it's in status pending subject to verification of the sending account. Whether this is because it's my first deposit and they do a manual verification, or this is standard practice for all deposits I can't say.

Ah - so this is where the interest only accruing on day 2 comes from? Or did someone refute that above.

TiVo_Lad

[Deleted User] said:

TiVo_Lad said:

The money arrives very quickly, but it's in status pending subject to verification of the sending account. Whether this is because it's my first deposit and they do a manual verification, or this is standard practice for all deposits I can't say.

Ah - so this is where the interest only accruing on day 2 comes from? Or did someone refute that above.

Possibly. The initial deposit generated this instant secure message:

Dear TiVo_Lad,
Your DF Capital Savings Account - Initial Deposit Received
Account number: XXXXXXXX
This is to let you know that we’ve received and are processing your initial deposit for your Easy Access Account.
The interest rate on this account is 4.55% AER.
Please note, all payments are matched against your nominated account details when they are applied to your Savings account. We will contact you within 2 working days if we are unable to match the payment details. You may be asked to provide proof of bank account or the funds could be returned.

It suggests they always do a verification but maybe the intitial deposit triggers a more manual process?

[Deleted User]

TiVo_Lad said:

[Deleted User] said:

TiVo_Lad said:

The money arrives very quickly, but it's in status pending subject to verification of the sending account. Whether this is because it's my first deposit and they do a manual verification, or this is standard practice for all deposits I can't say.

Ah - so this is where the interest only accruing on day 2 comes from? Or did someone refute that above.

Possibly. The initial deposit generated this instant secure message:

Dear TiVo_Lad,
Your DF Capital Savings Account - Initial Deposit Received
Account number: XXXXXXXX
This is to let you know that we’ve received and are processing your initial deposit for your Easy Access Account.
The interest rate on this account is 4.55% AER.
Please note, all payments are matched against your nominated account details when they are applied to your Savings account. We will contact you within 2 working days if we are unable to match the payment details. You may be asked to provide proof of bank account or the funds could be returned.

It suggests they always do a verification but maybe the intitial deposit triggers a more manual process?

Ooof its as is someone is logging into the online banking and moving the money over. Did you do a test or deposit the lot? Time will tell when you deposit again.

ForumUser7

[Deleted User] said:

TiVo_Lad said:

[Deleted User] said:

TiVo_Lad said:

The money arrives very quickly, but it's in status pending subject to verification of the sending account. Whether this is because it's my first deposit and they do a manual verification, or this is standard practice for all deposits I can't say.

Ah - so this is where the interest only accruing on day 2 comes from? Or did someone refute that above.

Possibly. The initial deposit generated this instant secure message:

Dear TiVo_Lad,
Your DF Capital Savings Account - Initial Deposit Received
Account number: XXXXXXXX
This is to let you know that we’ve received and are processing your initial deposit for your Easy Access Account.
The interest rate on this account is 4.55% AER.
Please note, all payments are matched against your nominated account details when they are applied to your Savings account. We will contact you within 2 working days if we are unable to match the payment details. You may be asked to provide proof of bank account or the funds could be returned.

It suggests they always do a verification but maybe the intitial deposit triggers a more manual process?

Ooof its as is someone is logging into the online banking and moving the money over. Did you do a test or deposit the lot? Time will tell when you deposit again.

It’s probably just a batch processing thing like many building societies. I don’t know for sure though.

[Deleted User]

TiVo_Lad said:

No authenticator app required. Just username (you choose), password (you choose) and passcode (you choose). I sent a Faster Payment deposit and it was in the account within a couple of minutes.

Revisiting this one, who are the main providers offering leading rates which allow online logging in without an authenticator? Leeds & Coventry BS come to mind?

YBS you need a mobile to receive a text.

[Deleted User]

ForumUser7 said:

[Deleted User] said:

TiVo_Lad said:

[Deleted User] said:

TiVo_Lad said:

The money arrives very quickly, but it's in status pending subject to verification of the sending account. Whether this is because it's my first deposit and they do a manual verification, or this is standard practice for all deposits I can't say.

Ah - so this is where the interest only accruing on day 2 comes from? Or did someone refute that above.

Possibly. The initial deposit generated this instant secure message:

Dear TiVo_Lad,
Your DF Capital Savings Account - Initial Deposit Received
Account number: XXXXXXXX
This is to let you know that we’ve received and are processing your initial deposit for your Easy Access Account.
The interest rate on this account is 4.55% AER.
Please note, all payments are matched against your nominated account details when they are applied to your Savings account. We will contact you within 2 working days if we are unable to match the payment details. You may be asked to provide proof of bank account or the funds could be returned.

It suggests they always do a verification but maybe the intitial deposit triggers a more manual process?

Ooof its as is someone is logging into the online banking and moving the money over. Did you do a test or deposit the lot? Time will tell when you deposit again.

It’s probably just a batch processing thing like many building societies. I don’t know for sure though.

Yes apart from the fact they don't *always* use nominated accounts with BS's. I can pay into YBS from anywhere so I assume that's just a batch rather than a batch & verify?

SickGroove

Ditch Chip or hold our nerves for another couple of days?

Catplan

[Deleted User] said:

TiVo_Lad said:

No authenticator app required. Just username (you choose), password (you choose) and passcode (you choose). I sent a Faster Payment deposit and it was in the account within a couple of minutes.

Revisiting this one, who are the main providers offering leading rates which allow online logging in without an authenticator? Leeds & Coventry BS come to mind?

YBS you need a mobile to receive a text.

Yes YBS send code, or call you if you prefer, landline can be used. 

Edit - neither required to use app.

SickGroove

And just like that Chip increase to 4.51%