The Top Easy Access Savings Discussion Area

gt94sss2

phillw said:

NorfolkCanary said:
I wouldn't expect indefinite support due to security and software changes over time.

The best android manufacturers offer three years of updates, so you can squeeze a bit more out of them. 

Off topic so apologies but some Android phones are now officially supported for 5 years

For instance
https://news.samsung.com/global/samsung-sets-the-new-standard-with-four-generations-of-os-upgrades-to-ensure-the-most-up-to-date-and-more-secure-galaxy-experience

The law is also changing next year to make minimum support periods more transparent for consumers.

https://www.technologylawdispatch.com/2023/05/regulatory/from-smartphones-to-alarm-systems-uk-mandates-minimum-security-for-connected-devices/

2010

nic_c said:

2010 said:

From NBS tracker T& C.

When the Bank of England Base Rate changes, the new interest rate on your account will apply no more than 5 working days after the change is effective. We will not provide notice of this in writing, new rates will be displayed in our branches and on our website, newcastle.co.uk.

Not near a branch, but any updated rate is not on their website. 

The 10th will be 5 working days so should be by then.
As pointed out earlier by @futuristic. (just noticed)

phillw

gt94sss2 said:
Off topic so apologies but some Android phones are now officially supported for 5 years

For instance
https://news.samsung.com/global/samsung-sets-the-new-standard-with-four-generations-of-os-upgrades-to-ensure-the-most-up-to-date-and-more-secure-galaxy-experience

Security updates and OS updates are kinda different.

If you are on Android 10 but still receiving security updates, it won't help you run software that needs Android 11.

They have said four generations, which I think is optimistic. I bought a phone where the manufacturer announced they would support it with one update and it never came out in the UK and it ran dog slow. My current phone was promised an update & they gave up.

Samsung puts the utmost importance on providing Galaxy users with the latest mobile experiences possible as long as hardware specifications for upgrades are met and the experience can be optimized. 

Android has become ridiculous in terms of memory requirements in the last couple of years, if that continues then depending on how much you fork out for your phone you may only get two updates out of them.

BestSeagull

Trying to pay into Tandem from Santander, the transaction was blocked and they've locked me out of online banking and the app. 
Test transfer went through, then £5k payment but was shut down trying to make another payment. I know we're supposed to be grateful for the security but I'd really rather not have to waste so much of my time trying to get access to my money restored.

gt94sss2

BestSeagull said:

Trying to pay into Tandem from Santander, the transaction was blocked and they've locked me out of online banking and the app. 
Test transfer went through, then £5k payment but was shut down trying to make another payment.

For info - You can make individual payments of up to 25k from the Santander app - so the £5k payment could have been larger reducing the number of transactions.

SirHugo

BestSeagull said:

Trying to pay into Tandem from Santander, the transaction was blocked and they've locked me out of online banking and the app. 
Test transfer went through, then £5k payment but was shut down trying to make another payment. I know we're supposed to be grateful for the security but I'd really rather not have to waste so much of my time trying to get access to my money restored.

I'm having problems too. Opened the Tandem account a couple of hours ago, linked my Halifax account and transferred £100 no problem
Just withdrew £10k from Chip in to my Halifax and then tried to add it to Tandem and it failed twice. I couldn't confirm the transaction in the Halifax account - the account details were all in red and the submit button was greyed out so I had to manually cancel the transaction.
Tried again with £5k this time and the approval went through fine with Halifax, but it failed it the Tandem app. Not a great start.

Update - 
Just tried again with £5k, looked like it was going through OK but it eventually failed in the Tandem app.

TiVo_Lad

According to Moneyfacts (been waiting to say that!) Paragon Bank Double Access Savings Account - Issue 1 up to 4.75% from tomorrow (09/08). Minimum £1K balance.

https://www.paragonbank.co.uk/savings/double-access-account (currently 4.6%)

@soulsaver

BestSeagull

gt94sss2 said:

BestSeagull said:

Trying to pay into Tandem from Santander, the transaction was blocked and they've locked me out of online banking and the app. 
Test transfer went through, then £5k payment but was shut down trying to make another payment.

For info - You can make individual payments of up to 25k from the Santander app - so the £5k payment could have been larger reducing the number of transactions.

Thanks. So I would have been better sending £10k in the first place? I thought smaller transactions might be less likely to be blocked... not so.
I'm up and running again now but that's the best part of two hours of my life that I won't get back again.

gt94sss2

BestSeagull said:

gt94sss2 said:

BestSeagull said:

Trying to pay into Tandem from Santander, the transaction was blocked and they've locked me out of online banking and the app. 
Test transfer went through, then £5k payment but was shut down trying to make another payment.

For info - You can make individual payments of up to 25k from the Santander app - so the £5k payment could have been larger reducing the number of transactions.

Thanks. So I would have been better sending £10k in the first place? I thought smaller transactions might be less likely to be blocked... not so.
I'm up and running again now but that's the best part of two hours of my life that I won't get back again.

Multiple transactions are more likely to be blocked. So the fewer there are the better to reduce the risk of having your account blocked.

Santander allow customers to make £100k of faster payments in 24 hours (per Santander account).

So you can do 4 * £25k via the app - or call them up to do a single larger one 

Wheres_My_Cashback

BestSeagull said:

gt94sss2 said:

BestSeagull said:

Trying to pay into Tandem from Santander, the transaction was blocked and they've locked me out of online banking and the app. 
Test transfer went through, then £5k payment but was shut down trying to make another payment.

For info - You can make individual payments of up to 25k from the Santander app - so the £5k payment could have been larger reducing the number of transactions.

Thanks. So I would have been better sending £10k in the first place? I thought smaller transactions might be less likely to be blocked... not so.
I'm up and running again now but that's the best part of two hours of my life that I won't get back again.

Small test payments immediately followed by large payments can trigger fraud sensors as it's the type of thing scammers would do to test an account.

I made a £25K first payment to Tandem yesterday from Santander as a new payee via the app. There were about a dozen security Qs to answer, but all went through OK.