The Top Easy Access Savings Discussion Area

innovate

You need another current account for a Standing Order. Some people use the Halifax Reward for this purpose since it can pay £5 a month (needs £750 monthly deposit, and 2 DDs that pay monthly, to different organisations).

vmgscot

Another person here having problems with ICICI Bank.
Walked successfully through the online HiSave application and got message advising I would get confirmation email in couple hours...nothing turned up (and yes, I check spam/junk folders).

Phoned their CustServ after 3 days only to be told that there was nothing he could check and to wait (at least I think that's what he said...English language skill were appalling).

Emailed CustServ after 5 days and no response... that was 3 days ago.
The rate might be attractive but their customer services a looking a bit pish....

alahol2

innovate wrote: »

You need another current account for a Standing Order. Some people use the Halifax Reward for this purpose since it can pay £5 a month (needs £750 monthly deposit, and 2 DDs that pay monthly, to different organisations).

Thanks Innovate, we've got a HFX Reward account so that will do nicely.
The 123 account conditions state...
A4...


c) have at least two Direct Debits set up on your

account;

It doesn't mention different organisations. Anyway I'll use a couple of different Tesco accounts just to be sure.
Thanks for the help.

innovate

alahol2 wrote: »

Thanks Innovate, we've got a HFX Reward account so that will do nicely.
The 123 account conditions state...
It doesn't mention different organisations.

You are right, 123 doesn't require two different ones (or monthly paying ones) - - but I was talking about the Halifax Reward.

Middle_Sister

I thought I was being smart by opening a Nationwide Flex Account thru Quidco for £70 cashback till I noticed I had signed up to using their account transfer service. I put in my Lloyds Vantage account details (the one where you keep £6K in and transfer in £1K a month) and get 4% int. However, I want to keep that account. I have 4 such Vantage accounts totalling £24K and I didnt want to cancel/lose one as I think the max you are supposed to have is 3.
I was thinking of opening 3 Lloyds Classic Vantage accounts putting in £5K in each account (moving around the £1K monthly) earning 3% then changing my original details to one of these accounts when the paperwork arrives over the next few days - what do you think?
I am even confusing myself now.
I was panicking as my Santander 3.2% ends in 2 days time and I need to find a home for £32K.

Babycakes

vmgscot wrote: »

Another person here having problems with ICICI Bank.
Walked successfully through the online HiSave application and got message advising I would get confirmation email in couple hours...nothing turned up (and yes, I check spam/junk folders).

Phoned their CustServ after 3 days only to be told that there was nothing he could check and to wait (at least I think that's what he said...English language skill were appalling).

Emailed CustServ after 5 days and no response... that was 3 days ago.
The rate might be attractive but their customer services a looking a bit pish....

I have had these problems too and now given up with ICICI. All my cash is sitting with Nationwide e-savings plus at 1.7%. Lets hope they don't go bust.

planteria

is there a list of, say, the top ten savings accounts (accepting that current accounts seem to be the best savings accounts nowadays)?

innovate

Middle_Sister wrote: »

I thought I was being smart by opening a Nationwide Flex Account thru Quidco for £70 cashback till I noticed I had signed up to using their account transfer service. I put in my Lloyds Vantage account details (the one where you keep £6K in and transfer in £1K a month) and get 4% int. However, I want to keep that account. I have 4 such Vantage accounts totalling £24K and I didnt want to cancel/lose one as I think the max you are supposed to have is 3.
I was thinking of opening 3 Lloyds Classic Vantage accounts putting in £5K in each account (moving around the £1K monthly) earning 3% then changing my original details to one of these accounts when the paperwork arrives over the next few days - what do you think?
I am even confusing myself now.
I was panicking as my Santander 3.2% ends in 2 days time and I need to find a home for £32K.

I am confused. Sounds as if you are talking about a FlexDirect, rather than a FlexAccount?

You then go on to say you have 4 Lloyds Vantage accounts, know that the max you are allowed now is 3, and then you proceed to say you want to open 3 Lloyds Vantage accounts? Do you mean BoS Vantage?

No idea whether you can change the account you want to switch from - - I would definitely not do it if the switching process has started (and no, I don't know whether you can tell whether it started). I don't, however, believe they close the old account, so you could re-establish your DDs that they transferred (and which you need to get your 4% at Lloyds).

What I don't understand is why you didn't just open a couple more 123s - they would easily have taken your £32K between them. How many 123s have you got?

Middle_Sister

I think there are 2 different kinds of Lloyds Vantage. One pays 4% up to £6K in you pay in £1K a month and have 2 DDs attached and the other pays 3% up to £5K. I have 4 of the 4% ones but none of the 3% ones. Hopefully as you say they wont close the account but just transfer the DDs in which case I can transfer them back. I dont have any Santander 123 accounts but was looking at them for the £32K I have to put somewhere else shortly.

Rootsy

I'm confused and I need help.
I have just inherited 10k. At the moment it's in my current account and I want to put it in to a savings account as I fear that I will just spend it if it sits in my current account.
I would like to put it in a account that I can get at rather than not touching it for a year or something.
Has anyone got any ideas,any advice,any bad experiences or the best bank that offer the best service?
Thanking anyone in advance.