The Top Easy Access Savings Discussion Area

friolento

nic_c said:

Coventry BS are increasing their rates by upto 0.3% 

Four Access Saver (Online) and Four Access Saver (Online) (2) are going to 4.80% on 14 Aug. So anyone thinking of using one of their withdrawal slots, might not need to. 

I pulled out all but £1 from the 4 access saver. For me, 4.8% with limited access can't compete with unlimited access at 5%.

kitkat68

I’ve ditched Raisin and opened Tandem easy access and atom fixed saver…which my ISAs were better but I fixed them in Feb when 3.75% was good

someone

boingy said:

Zopa_Trooper said:

UVRay said:

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.

Thanks for that. Turns out Vodaphone are 0000 too. 

Always worth trying 0000 and 1111 for any default code, be it a SIM or a TV, PVR etc. I think one of ours defaulted to 9999.
I can't believe I've just published all my secret PIN numbers on a public forum. Next you'll be wanting my mother's maiden name and the name of my first pet...

With phone SIMs it is best to avoid guessing and instead looking up the default for the network operator. They tend to all be very simple 0000, 1111, 5555, 1234 etc. but depending on the SIM card you might end up with a locked SIM. In fact Apple warn very clearly "Don't try to guess your SIM PIN. The wrong guess can lock your SIM card permanently, meaning you would need a new SIM card." https://support.apple.com/en-gb/HT201529

SAC2334

Wheres_My_Cashback said:

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.

Santander have only blocked me once on my rate chasing journey the last few years where I did just that  making a few small payments up to £1000 then some big ones of up to £20k which triggered a  block and a chat with a nice bloke from Liverpool who went through the usual checks . He advised me to stick to Open Banking if possible as it was a fairly new thing with Santander and now less likely to trigger a block . 
I have had prob six changes of banks moving my funds around since then with no blocks at all .They seem to have worked out what my game is and leave me alone now touch wood 

jaceyboy

I guess Chip are out of the top for good?

Stargunner

jaceyboy said:

I guess Chip are out of the top for good?

I hope not, because I much prefer using their app compared to the Tandem app and payments in and out of Chip are immediate .

SAC2334

jaceyboy said:

I guess Chip are out of the top for good?

They have till Friday with me . 14 th in the league is no good 

dgpur

SAC2334 said:

jaceyboy said:

I guess Chip are out of the top for good?

They have till Friday with me . 14 th in the league is no good 

People were saying the same sort of thing about Tandem, look how that turned out.

pecunianonolet

SAC2334 said:

jaceyboy said:

I guess Chip are out of the top for good?

They have till Friday with me . 14 th in the league is no good 

Skimming some cream from the top for as long as they can before outflows become too high. Slow movers keeping their funds not being bothered by a few days of a lower rate before they might up the rate or people not even know yet of the 5% Tandem offer. Not everyone is chasing here daily or even hourly. 

phillw

SirHugo said:
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.

If you try to send more than £5k from Halifax to Tandem then first some of the text goes red, if you click continue again it tells you that you must select something & there is nothing to select.

Earlier in the day I sent £1k and it worked, but I held off trying to send the rest as the rate hadn't increased. After the increase I managed to get a £3k and a £1k through, I have loads of confirmation from halifax of £5k that never went through. I gave up and just moved the money back to Chip, which worked fine.

Later in the evening Halifax app started alerting me to transactions that had gone through hours earlier, I tried again trying to send to Tandem and nothing happened.

Now I managed to get a £5k to go through first time, it might be a random ongoing problem or it might just be they were overwhelmed. So I'm keeping a small float in Chip just in case for now, in case they are as random at processing withdrawals.