The Top Easy Access Savings Discussion Area

latinaid

dekkard wrote: »

Anyone else unable to login to their Marcus account?

I was having problems until I realised I was trying to log into .com rather than .co.uk. *durrrr!*

eskbanker

adindas wrote: »

Barclay Double Blue Rewards

I Understand it is also applciable to existing custome as long as they switch their Bank AcC, Set up 2DD and have been paying £800.
Switching will need to be done in Branch

Does anyone have any other interpretation ?

My interpretation is that you're posting about a rewards current account in a thread specifically about easy access savings accounts, so you'd be better finding a more appropriate home for your post....

adindas

Tesco internet saving is now paying 1.4% with bonus for one year.
So good to open this account and cancel theinstant access saving account you have got with paying a lower interest rate.


What is good about Tesco IS is their FPI is quite good, only takes a few minutes (not instant) to arrive to the other end.

I-LOV-MONEY

As much as I like Tesco increasing their interest rates, it is annoying as I have to open a new account each time. Move some money into the new one, but wait about a week for them to 'authorise' the account before I can move money out. Then transfer money from the original one to the new one! I am currently on 1.36% - is it worth it for 4p on £100 ?!

EachPenny

I-LOV-MONEY wrote: »

As much as I like Tesco increasing their interest rates, it is annoying as I have to open a new account each time. Move some money into the new one, but wait about a week for them to 'authorise' the account before I can move money out. Then transfer money from the original one to the new one! I am currently on 1.36% - is it worth it for 4p on £100 ?!

It's also for rolling the end of the bonus forward though... when does your 1.36% run out? A new Tesco account at 1.4% ensures you'll still have somewhere paying that amount for at least 12 months from account opening.

I-LOV-MONEY

EachPenny wrote: »

It's also for rolling the end of the bonus forward though... when does your 1.36% run out? A new Tesco account at 1.4% ensures you'll still have somewhere paying that amount for at least 12 months from account opening.

Probably about 9 / 10 months. However, moving money to Marcus (1.5%) !

Wheres_My_Cashback

I-LOV-MONEY wrote: »

As much as I like Tesco increasing their interest rates, it is annoying as I have to open a new account each time. Move some money into the new one, but wait about a week for them to 'authorise' the account before I can move money out. Then transfer money from the original one to the new one! I am currently on 1.36% - is it worth it for 4p on £100 ?!

If you change your mind. Tesco will overide the wait time with a quick call to them.

The wait is desgned for new customers only.

I find T very easy to deal with over the phone, particularly when closing old savings accounts.

ColdIron

adindas wrote: »

If my memory serves well, the maximum number of account the people could have with Tesco Internet Saving is six Account (?). Is it still the case.

As far as I am aware, yes

Also, the the Internet Saver interest is calculated daily, but paid annually and supposed to run for one year.

It's actually paid bi-annually. Every March 31st for the standard rate interest and also once on the anniversary of account opening for the bonus

In case you close it before the anniversary date do you still get the interest up to that point ?

Yes, they pay both the standard and bonus rate accrued to date

colsten

adindas wrote: »

If my memory serves well, the maximum number of account the people could have with Tesco Internet Saving is six Account (?). Is it still the case.

I think so. Not much point really to keep accounts with lower rates open, now that they can't be used for DDs any longer. I closed all bar one, and this one has no money in it now as Marcus is currently better.

adindas wrote: »

Also, the the Internet Saver interest is calculated daily, but paid annually and supposed to run for one year. In case you close it before the anniversary date do you still get the interest up to that point ?

Yes sure you do. Interest on instant access accounts always gets calculated, and paid, upon closure.

d63

adindas wrote: »

If my memory serves well, the maximum number of account the people could have with Tesco Internet Saving is six Account (?). Is it still the case.

a similar question was asked on the tesco community forum a couple of weeks ago:-
https://yourcommunity.tescobank.com/t5/Help-Support/is-there-a-limit-on-how-many-Internet-Saver-accounts-you-can/m-p/22387#M12695

and, indeed, six does appear to be the magic number at present.