The Top Easy Access Savings Discussion Area

st2011

Yellowman said:

Why does Tandem offer a bonus rate (0.35%) on top of its 'main rate' (4.65%)?

Why not just offer a rate of £5.00%?

They'll be hoping once the top up rate expires that some people won't bother to move to a better rate if one is available. They're hardly the first provider to include a bonus rate on top of an underlying rate.

phillw

Yellowman said:

Why does Tandem offer a bonus rate (0.35%) on top of its 'main rate' (4.65%)?

Why not just offer a rate of £5.00%?

I think it's so that after a year your rate decreases. If they wanted to cut everyone's rate all at once, it would lose them more business.

gt94sss2

Does anyone know how quick National Counties/Family Building Society are wrt withdrawals?

Do you receive the funds the same day or is it usually the next working day..

chris_the_bee

gt94sss2 said:

Does anyone know how quick National Counties/Family Building Society are wrt withdrawals?

Do you receive the funds the same day or is it usually the next working day..

Most of mine came through on the same day by 6 pm, although a couple did occur on the following day.

NorfolkCanary

ToneP said:

Not really any choice at all. I have a fairly recent android phone but all the banks I have accounts with have 'updated' their apps so they no longer work on my phone. This was not my choice & I don't think it's reasonable to be expected to buy a new phone every time they do this.

Backwards compatibility seems to be an unknown concept to the current tranche of programmers ( and the updates have nothing to do with security).

I've an old Galaxy S7 (2016ish?) have no issue with Tandem, and other relevant banking apps, so definitely backwards compatible, at least for the time being. I'd certainly consider it 'fairly non recent'.
Is the phones software up to date?
I wouldn't expect indefinite support due to security and software changes over time.

PixelPound

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. 

Futuristic

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. 

Its not been 5 working days so check back Thursday or so, I guess it would have been updated by then 

phillw

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

Some phones are appalling. I had a phone that never received any update at all in the UK at all, though it was possible to download some software that would download an update from the manufacturer that was meant for europe and install that.

The best android manufacturers offer three years of updates, so you can squeeze a bit more out of them. I'm running an unofficial software update on my 2018 phone (I got it second hand in 2019). For my current phone the manufacturer gave up releasing updates and released the source code instead of their next update and let the community deal with it.

I do wish Google were a bit more like Microsoft when it comes to software updates.

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)