The Top Easy Access Savings Discussion Area

kaMelo

ask66 said:

cosh25 said:

For anyone who is interested. Newcastle Building Society have a Triple Access Saver which pays 1.05% (it guarantees to pay the BOE base rate plus 0.80% until Nov 2021). They have a ‘basic’ mobile app which lets you check balances on the go. May be worth a look as its less restrictive than the Cov BS one. 

Thanks for the tip, with the guarantee it might just turn out to be a good bet with rates tumbling!

Important to add it requires a minimum initial deposit of £1000.

castle96

Just funded - worth a bet as a safeguard

greatcrested

cosh25 said:

For anyone who is interested. Newcastle Building Society have a Triple Access Saver which pays 1.05% (it guarantees to pay the BOE base rate plus 0.80% until Nov 2021). They have a ‘basic’ mobile app which lets you check balances on the go. May be worth a look as its less restrictive than the Cov BS one. 

Anyone know when/how you get a User ID? I've opened an account and want to send a test transfer of £10, but pointless till I have online access to check receipt.

accorian

greatcrested said:

cosh25 said:

For anyone who is interested. Newcastle Building Society have a Triple Access Saver which pays 1.05% (it guarantees to pay the BOE base rate plus 0.80% until Nov 2021). They have a ‘basic’ mobile app which lets you check balances on the go. May be worth a look as its less restrictive than the Cov BS one. 

Anyone know when/how you get a User ID? I've opened an account and want to send a test transfer of £10, but pointless till I have online access to check receipt.

Immediate provision of a User ID, should such even be deemed necessary, is the simplest of tasks. If the Newcastle Building Society's IT is so inept that it can't actually accomplish that, not much hope of it managing online banking safely, securely and speedily is there?

I'd thought about investing with it but having read your post, have decided against it: for the miserable fractions of percentage points on offer these days, I'm not going to risk my capital with any amateurs, Newcastle BS included.

colsten

accorian said:

I'd thought about investing with it but having read your post, have decided against it: for the miserable fractions of percentage points on offer these days, I'm not going to risk my capital with any amateurs, Newcastle BS included.

Putting money into a savings account isn't investing. It's saving. Investing is something very different. 

greatcrested

accorian said:

greatcrested said:

cosh25 said:

For anyone who is interested. Newcastle Building Society have a Triple Access Saver which pays 1.05% (it guarantees to pay the BOE base rate plus 0.80% until Nov 2021). They have a ‘basic’ mobile app which lets you check balances on the go. May be worth a look as its less restrictive than the Cov BS one. 

Anyone know when/how you get a User ID? I've opened an account and want to send a test transfer of £10, but pointless till I have online access to check receipt.

Immediate provision of a User ID, should such even be deemed necessary, is the simplest of tasks. If the Newcastle Building Society's IT is so inept that it can't actually accomplish that, not much hope of it managing online banking safely, securely and speedily is there?

I'd thought about investing with it but having read your post, have decided against it: for the miserable fractions of percentage points on offer these days, I'm not going to risk my capital with any amateurs, Newcastle BS included.

Catagorising Newcastle as 'inept' on the basis of my post seems premature and illogical. I'm guessing (yes at present just a guess) the user ID comes by post, in which case others here may be able to clarify if that's right and how long it currently takes (covid-19, mass applications etc etc).

Concern about 'risk to your capital' is.... ludicrous!

Notepad_Phil

News from Newcastle:

Unfortunately, the Newcastle Triple Access Saver is no longer available.  Please see our current savings products for details of our latest offers.

No sign of a replacement yet - I guess the new one will be under 1%.

Zanderman

accorian said:

greatcrested said:

cosh25 said:

For anyone who is interested. Newcastle Building Society have a Triple Access Saver which pays 1.05% (it guarantees to pay the BOE base rate plus 0.80% until Nov 2021). They have a ‘basic’ mobile app which lets you check balances on the go. May be worth a look as its less restrictive than the Cov BS one. 

Anyone know when/how you get a User ID? I've opened an account and want to send a test transfer of £10, but pointless till I have online access to check receipt.

Immediate provision of a User ID, should such even be deemed necessary, is the simplest of tasks. If the Newcastle Building Society's IT is so inept that it can't actually accomplish that, not much hope of it managing online banking safely, securely and speedily is there? 
I'd thought about investing with it but having read your post, have decided against it: for the miserable fractions of percentage points on offer these days, I'm not going to risk my capital with any amateurs, Newcastle BS included.

Newcastle BS may be a little old-fashioned but they are certainly not 'amateurs'.  They've been around a long time and often have marketing-leading products.  And your capital wouldn't have been at risk at all.  It's naïve (amateur even) to think it would be.
( And, btw, you don't 'invest' with them, you save. )   
Re the login system every organisation is different, building societies especially so. 
So if you might want to save with Newcastle in a future time-limited offer I'd suggest you open a basic account with them now and get your log-in set-up well in advance.
There's nothing to lose.

greatcrested

So I rang Newcastle's freephone number and eventually got answered.

* user ID is in the post- can't log on till it arrives

* my £25 test transfer will be returned: anything less than the initial £1K will be rejected

* if I transfer £1K now (11.30 AM), then ring after about 3 PM they will confirm safe receipt (or I guess not!)

* was given my account number to use in place of the temporary application reference

d63

i really, really, do wish these people would not insist on this minimum £1000 first deposit business!! surely they must appreciate that not a few people would be unhappy to fire off such a large sum into the ether without some reassurance they have keyed in all the relevant numbers correctly? it was much the same story with a west bromwich easy access account which i managed to open last week just before it was pulled the next day and had a similar minimum £1k requirement, but i sent them a £10 test transfer anyway ---- and promptly got an email back refusing to accept it, which did at least prove they did receive it ok, (though curiously the £10 took a while longer to be returned!!)