The Top Easy Access Savings Discussion Area

PixelPound

Bridlington1 said:

Not a great rate but for those who have it Buckinghamshire Single Access Saver will rise to 4.55% from 1/9/23.

Who'd have thought a couple of months ago that 4.55% be considered "not great"  

csw5780

pecunianonolet said:

Did we not have the same discussion who prefers app only, online only, a combination of both, etc. only a few weeks back which turned into a 10-20 page Chip discussion after?

Concerned about your phone getting lost or stolen? Get a cheap second hand phone and keep at home only. Make sure you not get burgled either.

Online customer? Is your computer, laptop, tablet, or even phone, free of any malware, spyware, viruses, keylogger, tracking cookies, etc? Are you using a specific browser for banking login only and always delete all cached data, cookies?

Two factor authentication and biometrics enabled wherever possible? 

Are you using for any account a different password, memorable words, phrases, pins, etc. which are totally random, without any connection or traceability to you? For those with many accounts of 20+, can you remember them all or do you write it down somewhere?

Phones and laptops can be encrypted, e.g. Bitlocker. On Android you can install banking apps into a secure folder and have it locked on top of the normal phone login and the apps in this folder are not easily visible as being installed.

Remote location tracking enabled so in case phone is lost or stolen you have a chance to track current or last location and lock remotely or even wipe it?

While we're on it, please disable contactless on each and every card you use. As it is near field technology, all I need is a small card machine and walk around in a busy environment, e.g. bus, train, tram, city centre and I just need to hold the machine near enough to your wallet / pocket to get cash transferred. 

Don't see this as criticism, as we have to look carefully after our funds and it is good to have a discussion about it but perhaps a separate "How to secure my digital banking access best" thread might be a better place instead of having the same debate over and over again. 

P.S. I myself could be much more creative with my passwords, pins, etc. and I know that I could reduce this risk further but for me it's a calculated risk and I am aware of it.

Thanks for your understanding!

Re: contactless - you don’t even need a card reader anymore. Apple iphones and most androids can now “accept contactless” with an appropriate app!

chris_the_bee

housebuyer143 said:

How do I check the rate I am getting at Newcastle on the app? It just links me to the website and a savings pdf from July. I want to ensure the rate has now increased with base rate rise.

It increases on 10th August, 5 working days after BOE rate change.

chris_the_bee

artyboy said:

Eirambler said:

How is app only banking different to online only banking in practice - are there really that many people who are capable of managing an online account but can't manage an app? Would have said an app was easier, if anything.

I'm not averse to app only banking (I always use apps where available) but I've not seen one yet that offers joint accounts, which is something Mrs Arty and I have always had. Yes, you could always have one each with half as much in but frankly that's a bit of a faff and we'd rather not compromise.

It's not like it makes much financial sense to hold masses of cash in instant access accounts anyway, at least not over the longer term.

Some people may not have a modern mobile phone & therefore cannot use Apps.

chris_the_bee

Eirambler said:

How is app only banking different to online only banking in practice - are there really that many people who are capable of managing an online account but can't manage an app? Would have said an app was easier, if anything.

Some people may not have a modern mobile phone & therefore cannot use Apps.

NotWhereIWantToBe

MatthiasSchilf said:

My wife tried to open a Tandem EA account yesterday at about 5pm and the ID checks are STILL pending. Anyone else having this problem? I assume it is because they have been deluged by applications as she has never had this problem with any other savings account application (usually instant).

I’ve had exactly the same experience with no contact from tandem at all. 

chris_the_bee

AndrewSteele888 said:

Does any know the minimum balance for Family BS online Saver (5) struggling to find in on their website?

£100.00 Min Bal. Rate now 4.45%

Wheres_My_Cashback

chris_the_bee said:

Eirambler said:

How is app only banking different to online only banking in practice - are there really that many people who are capable of managing an online account but can't manage an app? Would have said an app was easier, if anything.

Some people may not have a modern mobile phone & therefore cannot use Apps.

Self exclusion, their choice. 

janusd

chris_the_bee said:

AndrewSteele888 said:

Does any know the minimum balance for Family BS online Saver (5) struggling to find in on their website?

£100.00 Min Bal. Rate now 4.45%

it's 4.55% AER since last Thursday.

Bridlington1

Newbury have now announced their savings rate increases from 17/8/23:
Welcome to Newbury will rise to 4.25%
Existing member to 4.35%

Not great by any stretch of the imagination IMHO but may be of use for those who have them.