The Top Easy Access Savings Discussion Area

darren72

I-LOV-MONEY wrote: »

I had that earlier. Maybe it sends a code once a day?

I opened my account on 26/09 and logged in each day since but have never been asked for a code ?

masonic

jayship wrote: »

I opened a Marcus account yesterday and when I tried to log in today they sent a code to my mobile which I had to enter. The code lasts for 15 minutes only.

That means you have 15 minutes to enter the correct code, or it times out and you need to request another. It doesn't say anything about what happens after you enter the correct code. It could ask to re-authenticate your device again after a few days, a month, or longer/never.

Stompa

darren72 wrote: »

I opened my account on 26/09 and logged in each day since but have never been asked for a code ?

I've been asked several times, you can choose for it to be sent by email or SMS.

SpanishBlue

I-LOV-MONEY wrote: »

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 !!!)

I agree. Not only that, the only way you can close the old one is by speaking to them on the phone and there can be quite a wait to do that sometimes.


It would be much easier if you could just convert your old account into the latest one online.

I-LOV-MONEY

SpanishBlue wrote: »

I agree. Not only that, the only way you can close the old one is by speaking to them on the phone and there can be quite a wait to do that sometimes.


It would be much easier if you could just convert your old account into the latest one online.

TBH I leave the old one dormant with 0 balance. The only problem, what happens to any end of year interest which was for the old account? Do they automatically send it to the new account or send you a cheque???

ColdIron

There are two interest payments. The bonus interest payment is credited to your account after the 1 year bonus period ends. The standard interest payment is credited to your account on 31st March every year. If you leave the account open both of the above will happen. If you close the account they will pay both payments to wherever you ask them to, e.g. your new internet saver. Obviously they won't pay the bonus payment twice

colsten

ColdIron wrote: »

There are two interest payments. The bonus interest payment is credited to your account after the 1 year bonus period ends. The standard interest payment is credited to your account on 31st March every year. If you leave the account open both of the above will happen. If you close the account they will pay both payments to wherever you ask them to, e.g. your new internet saver. Obviously they won't pay the bonus payment twice

Which account is this, please?

ColdIron

colsten wrote: »

Which account is this, please?

The Tesco Internet Saver

colsten

ColdIron wrote: »

The Tesco Internet Saver

Thanks. I never noticed they are making two payments. All my old Tesco savings accounts are now closed, so I can't look back over them to see what they paid me and when. It was mainly minute amounts, anyway, as their main purpose was to pull DDs :A

badger09

colsten wrote: »

Thanks. I never noticed they are making two payments. All my old Tesco savings accounts are now closed, so I can't look back over them to see what they paid me and when. It was mainly minute amounts, anyway, as their main purpose was to pull DDs :A

I had to check their T&Cs too as I didn't remember 2 interest payments.

Thoroughly ashamed of myself now for doubting ColdIron:o