The Top Easy Access Savings Discussion Area

grumbler

iNeed2P said:

flobbalobbalob said:

martinm1 said:

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!

Why would they cut it, the boe rate didn't move down today?

They may have depended on a rise when they set their rate.

 A bank depending on what might happen. I very much doubt that. 

ALL fixed rates depend on forecasts of what might happen. Fact.

Sg28

Bigwheels1111 said:

So does anyone on here believe the banks don’t get the nod from the boe.
Next you will be telling me politicians tell the truth and are not in if for the money and power.

No thats not how banking works. Its effectively the markets that the give the "nod" to the banks to adjust rates. 

jaypers

Bigwheels1111 said:

So does anyone on here believe the banks don’t get the nod from the boe.
Next you will be telling me politicians tell the truth and are not in if for the money and power.

Absolutely believe they don’t get the nod. It is very sensitive market information, affects stock and bond prices etc and would be tantamount to insider trading. 

Freebird53

I've just attempted to fund my Santander account, only to find my source account with Nationwide, limits transactions to £25000/day, as it is a 'new' account, despite me sending £1 to verify. Can anyone recommend an institution which does not have these ridiculous limits?

jaypers

Freebird53 said:

I've just attempted to fund my Santander account, only to find my source account with Nationwide, limits transactions to £25000/day, as it is a 'new' account, despite me sending £1 to verify. Can anyone recommend an institution which does not have these ridiculous limits?

Barclays is £50k per day for personal customers or £100k for Premier (using Online Banking rather than the App). 

callum9999

Bigwheels1111 said:

So does anyone on here believe the banks don’t get the nod from the boe.
Next you will be telling me politicians tell the truth and are not in if for the money and power.

Not everything in life is a conspiracy...

We seem to have gone full circle from a population that believed everything it's told without question to disbelieving everything it's told without question. It's the "without question" bit that needed fixing!

masonic

Freebird53 said:

I've just attempted to fund my Santander account, only to find my source account with Nationwide, limits transactions to £25000/day, as it is a 'new' account, despite me sending £1 to verify. Can anyone recommend an institution which does not have these ridiculous limits?

See https://www.wearepay.uk/what-we-do/payment-systems/faster-payment-system/transaction-limits/

This notes that Nationwide has this extra restriction, but most others do not.

janusdesign

@soulsaver
Harpenden BS Online Instant Access (Issue 1) paying 4.95% (£100 -> £250k)

• Annual interest - paid on 31st December.
• 30 days notice on reduction in interest rate.

Online Instant Access (Issue 1) - Harpenden Building Society (harpendenbs.co.uk)

gwapenut

masonic said:

Freebird53 said:

I've just attempted to fund my Santander account, only to find my source account with Nationwide, limits transactions to £25000/day, as it is a 'new' account, despite me sending £1 to verify. Can anyone recommend an institution which does not have these ridiculous limits?

See https://www.wearepay.uk/what-we-do/payment-systems/faster-payment-system/transaction-limits/

This notes that Nationwide has this extra restriction, but most others do not.

Thanks for the link, but the information they give is hopelessly out of date, for Nationwide at least.

They are correct about limiting payments to destinations you have not been "grooming" in advance, however they state that the normal limit is £10k when in fact it can be as high as £100k. In this respect, Nationwide are better than Lloyds Banking Group who limit payments to £25k per day.

https://www.nationwide.co.uk/help/payments/transfer-limits-and-timescales/

2010

Always found with Nationwide you can transfer more with the app than online.