The Top Easy Access Savings Discussion Area

pearl123

KevinG said:

Great excitement (not) as Atom Bank increases its Instant Saver rate from 3.95% to 4.11% AER. I keep a few pennies in there just in case it gets competitive again. 

Poor. Al Rayan is just, as bad. 

10_66

SAC2334 said:

 I have a Santander Everyday current account , no charges , no cash back .I also have the Edge saver with £4k in it, funded from the Everyday Account  and its showing 6.78 % interest when I check.

This could be a Santander glitch but I hope they honour it, if not I will switch back  to the Edge current account and try and get enough cashback to justify the bank charges.

 6.78% is the gross rate, which is 7% AER.

jak22

There have been grumbles about no PIN on the Tandem app - with access knowing the phone number is enough to get a code. After the latest update the phone now 'helpfully' offers to autofill that. This maybe OS dependent and prob uses the number from the SIM which doesn't update after porting so it's not even a good system. Autofill isn't really the direction we might want banking apps to be taking.

boingy

jak22 said:

There have been grumbles about no PIN on the Tandem app - with access knowing the phone number is enough to get a code. After the latest update the phone now 'helpfully' offers to autofill that. This maybe OS dependent and prob uses the number from the SIM which doesn't update after porting so it's not even a good system. Autofill isn't really the direction we might want banking apps to be taking.

Autobanking...

kjs31

BooJewels said:

The funny thing is, I opened a Cahoot saver a few days ago, got the 2nd letter with the security stuff in today and they didn't ask for all of it when I set up the on-line account.  Maybe they do if you hit any sort of snag.  I don't mind waiting for paper information like that, it feels a smidge more secure than everything being done digitally.  I'm not sure that instant is always good when involving money - I just plan accordingly.

I definitely had to use the code in the second letter to log on but didn’t need the password on the first letter. 

BooJewels

kjs31 said:

BooJewels said:

The funny thing is, I opened a Cahoot saver a few days ago, got the 2nd letter with the security stuff in today and they didn't ask for all of it when I set up the on-line account.  Maybe they do if you hit any sort of snag.  I don't mind waiting for paper information like that, it feels a smidge more secure than everything being done digitally.  I'm not sure that instant is always good when involving money - I just plan accordingly.

I definitely had to use the code in the second letter to log on but didn’t need the password on the first letter. 

That was what I experienced too - they asked me to set up my own password when I first 'registered' and I expected them to ask for theirs to allow me to proceed, but didn't.  But as you say, needed the security code from the latter letter.

friolento

jak22 said:

There have been grumbles about no PIN on the Tandem app - with access knowing the phone number is enough to get a code. After the latest update the phone now 'helpfully' offers to autofill that. This maybe OS dependent and prob uses the number from the SIM which doesn't update after porting so it's not even a good system. Autofill isn't really the direction we might want banking apps to be taking.

The code gets sent to the mobile you have registered and are using at the time you want to log into Tandem. What would you gain from having to manually check your message inbox, remembering the code and then manually entering it into Tandem? Or to ask the question in a different way: what do you consider the security exposure when the code is autofilled?

VNX

jak22 said:

There have been grumbles about no PIN on the Tandem app - with access knowing the phone number is enough to get a code. After the latest update the phone now 'helpfully' offers to autofill that. This maybe OS dependent and prob uses the number from the SIM which doesn't update after porting so it's not even a good system. Autofill isn't really the direction we might want banking apps to be taking.

And the person who manages to get into your tandem app can do one one of two things, see how much money you’ve got or move it all into your nominated account which they can’t access. 

BristolVR

mebu60 said:

Charter 4.8% saga - seems of the two options it was the incompetence one rather than deceitful:

"On 3 August 2023 we sent you a communication detailing that your account would be eligible to receive a 0.25% increase following the Bank of England base rate announcement on the same day of the same amount. 

Unfortunately, due to the already highly competitive rate on your product this email should not have been sent to you. However, due to this being our error, we will be honouring this rate increase and ensure it's applied, effective from 18 August 2023. No action is required from you. 

<snipped>

This is the right response from Charter, and I don't know why it wasn't more immediate, given that it's always been in their power to reduce the rate again after a fourteen-day notice period (and perhaps their admission that they never intended us to have the 0.25% AER increase is laying the ground for that at some point).
We know they play the multiple issue game to finesse their outgoings by giving the savers a bit of a runaround -- they surely can't complain when it trips up their own people, though I suspect there's at least one unfortunate employee there who will be having their next appraisal meeting 'without coffee'.

csw5780

kjs31 said:

BooJewels said:

The funny thing is, I opened a Cahoot saver a few days ago, got the 2nd letter with the security stuff in today and they didn't ask for all of it when I set up the on-line account.  Maybe they do if you hit any sort of snag.  I don't mind waiting for paper information like that, it feels a smidge more secure than everything being done digitally.  I'm not sure that instant is always good when involving money - I just plan accordingly.

I definitely had to use the code in the second letter to log on but didn’t need the password on the first letter. 

Same with Santander!