The Top Easy Access Savings Discussion Area

Stargunner

jaypers said:

Thanks for the confirmation on account number etc. Only thing that puts me off slightly is that the 7% includes a 12 month bonus rate of 2.5%. Not a big fan of bonus rates. 

If Santander don’t offer a competitive rate when the bonus rate expires, it is easy enough to transfer your money elsewhere.

georged123

jaypers said:

Thanks for the confirmation on account number etc. Only thing that puts me off slightly is that the 7% includes a 12 month bonus rate of 2.5%. Not a big fan of bonus rates. 

Santander have form when it comes to extending bonus rates to keep them competitive if needs be.

Even 7% for a year is excellent value, I cant see anything getting close to it for the next 12 months.

SirHugo

the_goon said:

Is there a limit on the amount you can pay into Tandem on the app via open banking? Trying to pay in 10k but it just doesn't work (Halifax app linked - keeps asking me to select the account, even though I have).

I had a lot of trouble transferring from Halifax - I think there's a limit of 5k. Changed to Faster payments and no problems since. Payments are usually received by Tandem within 10 mins.

poshrule_uk

I have a joint 123 lite account with my wife,.is there anything stopping me having an Edge account and the saver account in my sole name.

the_goon

Thanks @sirhugo and @jaypers

lithosyork

the_goon said:

Is there a limit on the amount you can pay into Tandem on the app via open banking? Trying to pay in 10k but it just doesn't work (Halifax app linked - keeps asking me to select the account, even though I have).

been there done that!  Halifax has a 25K daily limit but 5K Open Banking tx limit.  I am not sure ('cause i couldn't be bothered to test it) if you can do multiple  5K per day, 'eg 4x5K to get 20K across.  I've used FP for big transfers, it's quick but not instant.

grumbler

poshrule_uk said:

I have a joint 123 lite account with my wife,.is there anything stopping me having an Edge account and the saver account in my sole name.

IMO, nothing.

TisMeBill

the_goon said:

Is there a limit on the amount you can pay into Tandem on the app via open banking? Trying to pay in 10k but it just doesn't work (Halifax app linked - keeps asking me to select the account, even though I have).

I have a limit of 10k per transaction from Nationwide, but that is a Nationwide limit for open banking, so Tandem do allow at least 10k payments in and out.

refluxer

TisMeBill said:

the_goon said:

Is there a limit on the amount you can pay into Tandem on the app via open banking? Trying to pay in 10k but it just doesn't work (Halifax app linked - keeps asking me to select the account, even though I have).

I have a limit of 10k per transaction from Nationwide, but that is a Nationwide limit for open banking, so Tandem do allow at least 10k payments in and out.

Nationwide certainly used to have a £10k per transaction limit for online payments, but this appears to have changed recently...

From https://www.nationwide.co.uk/help/payments/transfer-limits-and-timescales/#sending-money-to-another-person-or-provider-using-your-current-account

Our online limits

If you set up a payment online through our Internet Bank or Banking app (including with Open Banking), you can generally make payments of up to £100,000 per transaction, up to a £100,000 overall daily limit. However, there are times when we limit online payments to £25,000 per day.

You can only send up to £25,000 online per day if you:

• make a payment to an existing payee who you haven't paid many times before
• make a payment to someone you haven't paid before
• set up a standing order using our Internet Bank or Banking app.

You can check how much you can send to a payee in our Internet Bank or Banking app when setting up a payment.

KevinG

worriednoob said:

financialbliss said:

@worriednoob - about 10 to 20 minutes.

Oh is that it?  :

I thought Kevin meant longer, haha.  That's not too bad.  I assume they might be doing extra checks to ensure the transaction is legit.

Yes, that's what I meant by a little longer, certainly no longer than an hour. If it had been a lot longer I would have set a lot longer