The Top Easy Access Savings Discussion Area

technolog

Moggles wrote: »

Well, you could wait until 27 May 2008, if it bothers you that much

Excuse my ignorance but what happens on 27th May?

Moggles_2

According to APACS, shifting money between accounts held with different providers should take one day instead of three.

http://news.bbc.co.uk/1/hi/business/7267406.stm

Mr._H_2

Moggles wrote: »

According to APACS, shifting money between accounts held with different providers should take one day instead of three.

http://news.bbc.co.uk/1/hi/business/7267406.stm

Good to see we have an actual date now. Hopefully that means it's less likely that there'll be another delay.

3006alan

My daughter has just turned 16. It seems she can no longer have a child's account held in my name, but the savings accounts we have looked at with highest rates of interest require savers to be 18. Can any suggest a high rate account for 16 year olds, please

EalingSaver

Mr._H wrote: »

Good to see we have an actual date now. Hopefully that means it's less likely that there'll be another delay.

But from what I heard it is not compulsory for banks to offer this.

Moggles_2

Originally Posted by EalingSaver
But from what I heard it is not compulsory for banks to offer this [payment system]

The faster payment system will operate 24/7 between accounts held by the founding banks. The participating members at launch will be:

Abbey, Alliance & Leicester, Bank of Scotland, Barclays, Citibank, Co-operative Bank, Halifax, HSBC, Lloyds TSB, National Australia Group, Nationwide Building Society, Nat West, Northern Bank, Northern Rock and Royal Bank of Scotland.

Transfers from scheme members to other providers are covered by the system, whereas transfers from non-members to participating banks are excluded at least initially.

Apacs believes smaller banks and building societies will face competitive pressure to join the scheme.

bristolleedsfan

EalingSaver wrote: »

But from what I heard it is not compulsory for banks to offer this.

Also those that do offer this soon to be " New Service " will be at liberty to charge for it.

trixibelle_2

noj54 wrote: »

Following your posting of ICICI Bank as one of the highest paying banks I thought I would sign up. That was on Oct 21st. Recieved an email on the 25th saying they were dealing with application and I should hear from the in two working days. Nothing. I phoned on Nov 10th and spoke to a very surly bloke who said I would hear with-in 4 days. It is now 21st and still nothing. Have others had the same experience? Is it worth continuing?

I have tried twice in the past to pen an account withe these and got fed up of waiting - so in the end gave up

murphydavid

JimmyTheWig wrote: »

How often should we be switching savings accounts?
My wife opened an ICICI account a couple of months ago as it was the suggested one in this article. Now it's not. Should we switch?

[FONT=&quot]It’s the people who switch that help keep the rates high. If a bank / B.S. can keep its invested capital high while having a low interest rate they won’t put it up. Which means some banks must have a very good reputation or very lazy / loyal customer base to retain any money at all. I advocate switching because the more who do it the more pressure is applied to keep the rates high for everyone.[/FONT]

missyminkins

The Direct Debit is OK, It is so you can request money from your account to pay into the ICICI account.

I wondered if anyone else has problems using the website though? I try to open different areas and constantly get an error - not available page message and have to keep reloading / refreshing the page to get anywhere. It is taking me ages to complete transactions such as requesting money to be paid in from my current account.

There doesn't seem to be anything blocking this site and it is the only site I have problems like this with. HELP!!