The Top Easy Access Savings Discussion Area

twitterers

twitterers said:

So I have around 12k I want to put into a savings account and I think the drip method is the best so:

1. I opened a sage saving account yesterday with easy access and put 10k into there from my halifax current account
2. I now need to open a regular savings account which I can then drip feed money into however it has to be a UK current account linked to the sage account

Any ideas on what to do?

Anyone? 

afis1904

twitterers said: 

twitterers said:

So I have around 12k I want to put into a savings account and I think the drip method is the best so:

1. I opened a sage saving account yesterday with easy access and put 10k into there from my halifax current account
2. I now need to open a regular savings account which I can then drip feed money into however it has to be a UK current account linked to the sage account

Any ideas on what to do?

Anyone? 

Several people have replied to this already. You'll need to move the money to your current account and from there to your regular savers.

10_66

If you need to open a current account for the funds to be transferred into from your Saga account, you'll also need to open a regular saver in addition to that.  Have a  look at the following thread for the best regular savings accounts.  The thread's updated weekly, so you'd be best to check any of the accounts listed before opening as accounts/rates are changing quite a bit at the moment.
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

Koj

Anyone know how long investec take to open a new notice savings account

Reluctantpensioner

Experience of opening a Vanquis 1 year Account
As this has the best 1yr rate at the moment I thought I'd share my experiences with opening an account with Vanquis. There are a few challenges which I think would help others to know in advance.

1. The initial instructions say that you can only make one payment into the account (which is annoying as most banks have limits on a single transfer). This is not true as later, too late, you are told you can make multiple transfers within 30 days.
2. But, when you open the account you have to state how much you will be putting in and once that much is paid in, that's it. (So I am forced to open a second account to add now).
3. The creation sequence is a bit involved, you apply with one set of login credentials, get a reference number in one email, then you have an account authentication phase, then you have to wait for a letter (actually several letters). This took a while, and as by now you have possibly passed over a lot of money, stressful as it has left your bank but you can't confirm it's arrived anywhere for several days. 
   Then you enter information in the letters and finally you can log on to the account to check your balance. It is only at this point that you have the user ID for your account.
4. During password authentication and creation you are required to change your password - so don't be too attached to the one you start with. I may be wrong but it seemed to disallow non-alphanumerics which is odd.
   In fact I'm pretty sure that nothing you entered at the start of step 3 is used later!
   You are asked three, long, "answers to questions". You probably think these are unimportant and are the usual additional security for: "you have forgotten my password, who's your mother". No, chose carefully, you need these every time you log in! They are step three of the account login. Worse, you will be required to enter something like characters 4, 9 and 11 of your favourite dog! 
5. Bottom line, I found it pretty unwieldy (worst so far), and I think it's impossible to use the account without writing all the login information down. Which is hardly good security practice.
   But, its the best rate around and as its a 1 year I guess I won't do much with it until this time next year. Instant access I'd be more !!!!!!.
6. BTW, I think you will not have an individual bank account number, the account you transfer to is generic (hence the worry when you have sent, but can't yet see your balance).
   Fort this reason I fear that the revenue will have problems with tracking this account online. 

wmb194

@reluctantpensioner: Your point six is no different to any building society that uses a collection account. It’s not an issue. Your account has a reference number. The memorable data stuff is the same at quite a number of the smaller banks and BSs. 

Ken68

Same here Reluctant Pens.......they have my money, no acknowledgement though have set up an account where the number is different. Still have to wait for another letter to verify my nominated account. E-mailed but no answer yet. Maybe they're busy.
Though not Easy Access, the Top Savings list bought me here.

SFindlay

Koj said:

Anyone know how long investec take to open a new notice savings account

Set mine up one day, following day got emailed details to login online with temporary password, quick call to Investec to confirm set up and funded it that same day. 

soulsaver

Easy Access? 

Koj

SFindlay said:

Koj said:

Anyone know how long investec take to open a new notice savings account

Set mine up one day, following day got emailed details to login online with temporary password, quick call to Investec to confirm set up and funded it that same day. 

Mm applied last week got confirmation text to say it had been received but not heard anything since. Will email to see what is going on.