The Top Easy Access Savings Discussion Area

janusd

youngretired said:

I didn't receive any notification from them that they had blocked the payments. My payments were going to my Halifax and Lloyds current accounts. I've had payments blocked by Lloyd's before, but they let you know asap by a big red alert online asking you to call them to authorise the payment.

if memory serves, payments that are on hold would show in the "Recent Faster Payments transaction summary" page as being so - though I appreciate that wouldn't be an obvious place to check.

friolento

janusdesign said:

youngretired said:

I didn't receive any notification from them that they had blocked the payments. My payments were going to my Halifax and Lloyds current accounts. I've had payments blocked by Lloyd's before, but they let you know asap by a big red alert online asking you to call them to authorise the payment.

if memory serves, payments that are on hold would show in the "Recent Faster Payments transaction summary" page as being so - though I appreciate that wouldn't be an obvious to check.

where would I find the Recent Faster Payments transaction summary? I can't seem to see them in Cohoot or in Santander

janusd

from the "Payments & Transfers" tab, it should be the last option in the left-hand side menu...

the above is from the Santander site; the equivalent Cahoot menu will be similar but have fewer options...

I don't believe that the option is available in the Santander app.

TisMeBill

I'm in the process of opening an Ulster Bank loyalty Saver, but cannot find when interest is paid, everything I find just says annually, does anyone know if it is on a specific date or the anniversary of opening the account?

refluxer

TisMeBill said:

I'm in the process of opening an Ulster Bank loyalty Saver, but cannot find when interest is paid, everything I find just says annually, does anyone know if it is on a specific date or the anniversary of opening the account?

As it says "Interest is paid annually and at account closure" but a date isn't mentioned, then presumably annual interest will be paid on the anniversary of account opening.

Edit - I presumed wrong. Ulster have put that (fairly important) information in a separate document, rather than mentioning it in the Summary Box as they should have done. See post below.

ColdIron

Annually normally means after a year

sheslookinhot

TisMeBill said:

I'm in the process of opening an Ulster Bank loyalty Saver, but cannot find when interest is paid, everything I find just says annually, does anyone know if it is on a specific date or the anniversary of opening the account?

If it was a specific date, it would be stated.

flaneurs_lobster

TisMeBill said:

I'm in the process of opening an Ulster Bank loyalty Saver, but cannot find when interest is paid, everything I find just says annually, does anyone know if it is on a specific date or the anniversary of opening the account?

The first working day in January each year, it's in the Guide to Personal Accounts Fees and Interest document (natch).

https://www.ulsterbank.co.uk/savings/instant-access-accounts/loyalty-saver/Loyalty-Saver2-savings-ulsterbank.html#contextualhelp_36497accordion_0_preapplystart099833

EDIT : that link is to the page with the link on, can't figure how to link to a download link.

Savings Accounts
Instant access Loyalty Saver Information Sheet
An instant access savings account that pays interest annually on the first business day in January each year.
This Information Sheet sets out the key information you need to know about your account

refluxer

flaneurs_lobster said:

The first working day in January each year, it's in the Guide to Personal Accounts Fees and Interest document (natch).

I stand corrected ! The fact they don't mention that in the Summary Box on the account product page is poor.

janusd

flaneurs_lobster said:

TisMeBill said:

I'm in the process of opening an Ulster Bank loyalty Saver, but cannot find when interest is paid, everything I find just says annually, does anyone know if it is on a specific date or the anniversary of opening the account?

The first working day in January each year, it's in the Guide to Personal Accounts Fees and Interest document (natch).

https://www.ulsterbank.co.uk/savings/instant-access-accounts/loyalty-saver/Loyalty-Saver2-savings-ulsterbank.html#contextualhelp_36497accordion_0_preapplystart099833

EDIT : that link is to the page with the link on, can't figure how to link to a download link.

thanks - I too assumed it was on the anniversary.

https://www.ulsterbank.co.uk/content/dam/Ulster/documents/ni-region/permanent/personal/savings/ubn-pers-savings-account-rates.pdf