The Top Easy Access Savings Discussion Area

somsman

kjs31 said:

When is the interest paid on Santander Edge easy access savings @ 7%? I transferred 4k in on 20th August but there’s no sign of any interest as yet. Thanks. 

I opened mine in 15 Aug, received the interest on 16 Sept but it didn't show in the app until the early hours of the 17th. So yours will probably show by timorrow morning.

2010

Eirambler said:

Santander's 5.2% offering looking very good now for the many that have it after today's rate hold decision.

Until they cut it!

StayinAlive

masonic said:

As others have suggested, it's Lloyds' open banking transfer limit. With Tandem you can just send via Faster Payment and can use the payee previously set up via Open Banking.

Does anyone know where this limit is stated - trying to find someone in Lloyds who even understands what I'm asking is a challenge?

Futuristic

2010 said:

Eirambler said:

Santander's 5.2% offering looking very good now for the many that have it after today's rate hold decision.

Until they cut it!

Terms state they give 2 months notice so they could give notice very early or not. Whilst 99% of other accounts will apply cuts immediately/1-2 weeks. 

refluxer

StayinAlive said:

masonic said:

As others have suggested, it's Lloyds' open banking transfer limit. With Tandem you can just send via Faster Payment and can use the payee previously set up via Open Banking.

Does anyone know where this limit is stated - trying to find someone in Lloyds who even understands what I'm asking is a challenge?

I wouldn't waste time chasing this up, TBH. Logging into your Lloyds online banking and making the payment yourself will take a similar amount of time as 'pulling' via Open Banking from Tandem.

jaypers

Just noticed that Charter have launched their EA Issue 45 at 4.95% AER (4.84% Gross/Monthly)

kjs31

StayinAlive said:

Re Tandem Instant Access, I just tried to send them 8k through Open Banking from Lloyds and it failed due to above the daily limit. I then tried 5K was went through OK.

According to True Layer's web site, the limit through Lloyds is £99,999 and Lloyds own limit is £25,000.

Any ideas why there was a problem?

TIA

It should be 25k (daily total) for domestic payments for a personal retail account (not private banking) if the holder is over the age of 19 if the payment context code is set to Pay Person / Contact. If it’s set to eCommerce, eCommerce Services or other then the limit is 5k. The PCC is set by the 3rd party provider (not Lloyds). 

mebu60

jaypers said:

Just noticed that Charter have launched their EA Issue 45 at 4.95% AER (4.84% Gross/Monthly)

It's the right direction of travel but still not competitive. I cleared down my Issue 42 (4.8%) yesterday and it's now in Secure at 5.03% (Santander 5.2% already done). 
Could do with Coventry Four Access being upped from 4.8%. 

SaveTheEuro

2010 said:

Eirambler said:

Santander's 5.2% offering looking very good now for the many that have it after today's rate hold decision.

Until they cut it!

It is still 5.2%.

dealyboy

Santander have a history of not making knee jerk rate changes. They appear to deliberate after some significant movements in the BR and then give reasonable notice of a change disadvantageous to customers.