The Top Easy Access Savings Discussion Area

sully1311

dekkard wrote: »

Could you not leave the minimum in there and keep it open ?

I'm at the minimum threshold now.

I-LOV-MONEY

I recently opened a new Tesco Savings account at 1.31% interest. Now I see it has gone up to 1.36 so have opened another one! When did it increase the second time?


Maybe I should forget Tesco and use Marcus instead? I would like it to 'settle down' first, after every saver has put their 10/- (!) in to see if they maintain their interest rates.

I-LOV-MONEY

Not over-happy with the security to access the Marcus account. E-mail and password only.

masonic

I-LOV-MONEY wrote: »

Not over-happy with the security to access the Marcus account. E-mail and password only.

You can "enhance" your security by clearing your cookies after logging out (in case you are worried about someone transferring your money to your linked bank account).

Nick_C

I-LOV-MONEY wrote: »

Not over-happy with the security to access the Marcus account. E-mail and password only.

But you can only withdraw money to your own linked account, so why is that a problem?

ColdIron

I-LOV-MONEY wrote: »

I recently opened a new Tesco Savings account at 1.31% interest. Now I see it has gone up to 1.36 so have opened another one! When did it increase the second time?

Maybe I should forget Tesco and use Marcus instead? I would like it to 'settle down' first, after every saver has put their 10/- (!) in to see if they maintain their interest rates.

The 1.31% rate started 04/09 and the 1.36% on 26/09, gotta be quick with Tesco. Marcus is a variable rate account just like Tesco. I can't see Marcus dropping their market entry rate in a hurry, Tesco changes at the drop of a hat. All you are achieving by waiting is getting less interest

I-LOV-MONEY

masonic wrote: »

You can "enhance" your security by clearing your cookies after logging out (in case you are worried about someone transferring your money to your linked bank account).

Thanks. I suppose the fact that monies can only be transferred to / from linked account makes it relatively safe .... unless someone accesses both accounts ?!!!

darren72

I-LOV-MONEY wrote: »

Not over-happy with the security to access the Marcus account. E-mail and password only.

If someone managed to login to your Marcus account though the worst they could do would be to transfer your funds to your own nominated bank account - They couldn't get their hands on the money.

I-LOV-MONEY

ColdIron wrote: »

The 1.31% rate started 04/09 and the 1.36% on 26/09, gotta be quick with Tesco. Marcus is a variable rate account just like Tesco. I can't see Marcus dropping their market entry rate in a hurry, Tesco changes at the drop of a hat. All you are achieving by waiting is getting less interest

I missed out on Tesco going to 1.31%. I have been languishing on 1.2% for sometime. It is a nuisance that everytime they up their rate you have to create a new account, and then transfer some funds into it. I then have to wait for a time before it will let me withdraw from the new account. (Perhaps I should change my user name to I-Used-To-Lov-Money !!!)


If Marcus decides it has received 'too much' money, might they then drop their rate?

masonic

I-LOV-MONEY wrote: »

Thanks. I suppose the fact that monies can only be transferred to / from linked account makes it relatively safe .... unless someone accesses both accounts ?!!!

Yes, and they'd need your email address, password, and access to a computer/device you'd previously used to log in even to do that much. You'd be best to focus on the security of your linked account as this is probably the gateway to several risks.

A useful compromise is for them to require a device to be re-authorised every 30 days or so. Perhaps they do this already.