The Top Easy Access Savings Discussion Area

System

People who are deciding to open the Tesco Internet Saver, what will you be using it for? Trying to distinguish a purpose if I do open it

sjp999

Getting one fifth of one percent more than the previous offering, ain't that enough?

I-LOV-MONEY

Sweetcake wrote: »

People who are deciding to open the Tesco Internet Saver, what will you be using it for? Trying to distinguish a purpose if I do open it

I use it to get the interest and to feed into my main bank account as necessary.

RG2015

Sweetcake wrote: »

People who are deciding to open the Tesco Internet Saver, what will you be using it for? Trying to distinguish a purpose if I do open it

Bear in mind that the bonus will drop off after 12 months which will bring it down to 0.55%. Also note that the interest is paid annually with the basic rate (currently 0.55%) paid in March and the bonus paid 12 months after opening.

C_Mababejive

Regarding the post office online saver 1.33% gross for a year, i applied on line,was given an account ID etc. When i logged back in there was no sign of an online saver just a statement saying balance on accounts £0.

Does it take some time to set up?

Thanks

hoc

C_Mababejive wrote: »

Regarding the post office online saver 1.33% gross for a year, i applied on line,was given an account ID etc. When i logged back in there was no sign of an online saver just a statement saying balance on accounts £0.

Does it take some time to set up?

Thanks

10 year member with 10k posts and you've opened an account with Post Office? Just wow.

Reed_Richards

C_Mababejive wrote: »

... the post office online saver 1.33% ....Does it take some time to set up?

I had an existing account and applied online for the new one with better interest. Set-up was very fast, almost instantaneous if I remember correctly.

badger09

hoc wrote: »

10 year member with 10k posts and you've opened an account with Post Office? Just wow.

Approaching 8 year member with 6k posts and I opened one a few months ago.

I'm well aware of the issues many posters have with withdrawals, and the interest rate is irrelevant to me. However, it serves a purpose;)

C_Mababejive

Why would there be problems with withdrawals? I used to have an online saver with them a few years back and didnt encounter any issues? The only thing i dont like about the PO and Tesco is that they dont seem to use FP or at least not instant,usually 24 hours..

I-LOV-MONEY

I believe the Post Office use the Bank of Ireland, which presumably isn't in the Faster Payments scheme.