The Top Easy Access Savings Discussion Area

Maple08

Just opened up an account with Tandem and have the 5% account set up. I manually transferred 1p using the sort code and account number, yet the money's not gone through. How long does it usually take?

jimexbox

Maple08 said:

Just opened up an account with Tandem and have the 5% account set up. I manually transferred 1p using the sort code and account number, yet the money's not gone through. How long does it usually take?

Roughly 20 minutes 

UVRay

flaneurs_lobster said:

UVRay said:

The worry I have with the Tandem/Chip apps is that they seem to have no security other than the possession of the SIM of the mobile number associated with the account. So all this discussion about phone security is irrelevant if a thief can simply put the SIM in a new phone and get access to your accounts using freshly installed apps on that phone?

The app for my main bank account is locked to the phone & would require access to that phone (or a call to customer services) to move it. However Tandem & Chip don't seem to have this security (or am I wrong about this)?

Maybe they have added security around setting up a new linked account to transfer your money out to, but this isn't obvious with the ease with which I set up my linked account (only security was on the other end within the linked account app).

Lock the SIM with a PIN code.

Yes, very good advice (which the apps should strongly encourage you to do if it is not possible to enforce). It's not something I had previously thought worth bothering with, and I would guess it's not something most people do?

PSA: If like me you just went to set a PIN and it asks for the current PIN, don't worry you are not suffering from dementia and have forgotten that you previously set one but can't remember it. For O2 at least, SIMs have a default PIN of 0000 which you will need to enter before setting up your own. The new PIN does not have to be just 4 digits either.

Stargunner

Justsayit7 said:

Ulster Bank now 4.90%  EA

Only for balances over £50k

mobfant

Justsayit7 said:

Ulster Bank now 4.90%  EA

Thanks. Worth flagging that Ulster shares FSCS protection with NatWest so if you’ve got a NatWest account (e.g. the 1 year ISA best buy) then you’re not protected if you have more than £85000 collectively. Almost got caught out by that just now!

soulsaver

Ulster Bank link to the  £50k+ for 4.90% rate Loyalty Saver - Savings | Ulster Bank Northern Ireland

See below for link to ranked-by-rate  Easy(ish) Access accounts 

MichaelAP

I am a bit confused in what Tandem show in App with deposits. ZOPA,Marcus,Chip show entries separately with a running balance but all I see in the App is a total amount.

Eirambler

It shows each individual deposit, withdrawal and interest payment, as well as your current balance. But it doesn't show the historic balance after each previous payment if that's what you were looking for.

BestSeagull

MichaelAP said:

I am a bit confused in what Tandem show in App with deposits. ZOPA,Marcus,Chip show entries separately with a running balance but all I see in the App is a total amount.

If you can figure out how to make it scroll down, you'll see the transaction history.

TiVo_Lad

Monument Bank Easy Access savings up a smidge to 4.65% AER effective now. Minimum £25K Deposit/Balance.

https://www.monument.co/savings/easy-access-savings

@soulsaver