The Top Easy Access Savings Discussion Area

PixelPound

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).

tandem app says for £5k and for anything bigger us FP

MarkWLondon

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.

I just paid in £74,000 from Nationwide to Tandem in one transaction via Open Banking.  I think the Nationwide limit for Open Banking is £100,000 

Hattie627

I have had the Santander Edge Saver since it was launched in Dec 2022, the bonus period will presumably run out in Dec 2023. Do you think there is anything to prevent closing the Edge Saver now and opening a new one to benefit from a possible full year of the bonus? (I have the Edge current account). If leave things until December, highly possible that the Edge Saver may not be available for new openings.

Expotter

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.

Nothing stopping you, but if you open a joint account you can both have an Edge Saver in your individual names. So that's up to £8k at 7%.

Stargunner

Expotter said:

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.

Nothing stopping you, but if you open a joint account you can both have an Edge Saver in your individual names. So that's up to £8k at 7%.

If you and your spouse both have a single edge account and also a joint edge account, does that mean that you could both have 2 edge saver accounts, giving uou the opportunity of saving up to £16k @ 7%

Expotter

Stargunner said:

Expotter said:

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.

Nothing stopping you, but if you open a joint account you can both have an Edge Saver in your individual names. So that's up to £8k at 7%.

If you and your spouse both have a single edge account and also a joint edge account, does that mean that you could both have 2 edge saver accounts, giving uou the opportunity of saving up to £16k @ 7%

I think so, this is what it says:

• You can have one Santander Edge saver for each Santander Edge current account you have. That means a maximum of 2 if you have both a single and a joint Santander Edge current account.
• The Santander Edge saver can only be held in a single name. If you have a joint Santander Edge current account, you can each have a Santander Edge saver in your own name. 

BestSeagull

Monument have unpaused applications.

kjs31

How are people doing the transfers from one account to another relatively quickly? I can transfer 85k from a savings account to my linked current account in one hit but then it takes me 4 days to get it into the new account as I'm restricted to 25k per day. I've asked if that can be increased and have been told to do it in branch which is massively inconvenient. I know I can do the outgoing transfers over 4 days too but it's quite a faff. 

Futuristic

kjs31 said:

How are people doing the transfers from one account to another relatively quickly? I can transfer 85k from a savings account to my linked current account in one hit but then it takes me 4 days to get it into the new account as I'm restricted to 25k per day. I've asked if that can be increased and have been told to do it in branch which is massively inconvenient. I know I can do the outgoing transfers over 4 days too but it's quite a faff. 

Its your banks imposed limits.

FPS limit is £1m, many banks now have £50-100k limits or ability to increase. (Chase, Nationwide, Santander, Barclays Premier, Monzo, Starling etc)

jaceyboy

Barclays allows me to transfer £50k per day online, but I can also do £30k through the app, so £80k per day