The Top Easy Access Savings Discussion Area

canaldumidi

Deleted_User said:

canaldumidi said:

Yes but my High Street, and many other High Streets, does not have a YBS branch.

Who needs a branch to operate bank & savings accounts? I use a thing called Internet through which I do all my banking without ever needing to clamber up a branch. Branches are now mainly for birds to sit on!

You've missed the point. Whether you, or I, need a branch is irrelevant.

I was responding to

MarsdenCuckoo said:

So I checked back why I commented.....

Nationwide is included as the Top High Street instant access account @ 0.45% but it's limited to 3 withdrawals a year at that rate.  YBS definitely beats that surely?

The moneysaving expert website lists Nationwide as the top High Street account here: It excludes YBS as YBS is not a High Street bank, which is what MarsdenCuckoo was queryimg.

Daliah

canaldumidi said:

The moneysaving expert website lists Nationwide as the top High Street account here: It excludes YBS as YBS is not a High Street bank, which is what MarsdenCuckoo was queryimg.

Nationwide is not a High Street Bank

Both, Nationwide and YBS are Building Societies with High Street branches.

lhsecons

Daliah said:

canaldumidi said:

The moneysaving expert website lists Nationwide as the top High Street account here: It excludes YBS as YBS is not a High Street bank, which is what MarsdenCuckoo was queryimg.

Nationwide is not a High Street Bank

Both, Nationwide and YBS are Building Societies with High Street branches.

I think we know this. Nobody said it was a bank. The point is it has a high street presence, for people who prefer that.

Daliah

lhsecons said:

Daliah said:

canaldumidi said:

The moneysaving expert website lists Nationwide as the top High Street account here: It excludes YBS as YBS is not a High Street bank, which is what MarsdenCuckoo was queryimg.

Nationwide is not a High Street Bank

Both, Nationwide and YBS are Building Societies with High Street branches.

I think we know this. Nobody said it was a bank. The point is it has a high street presence, for people who prefer that.

@canaldumidi implied they were by pointing out that YBS are not a bank and are therefore not listed under High Street accounts.

 Not sure why you seem to imply that YBS don’t have a presence in the High Street. They don’t have as many branches as Nationwide but excluding a company based on numbet of Branches or other size factors would seem rather odd.

murphydavid

• Just noticed the Shawbrook easy access at 0.67% on MSE best buy list . 
• Went to their website and under How to manage the account it says:  
• "Once your account is open, you can operate the account through secure message or by telephone on 0345 266 6611".
• How does that work?
• Does anyone know if this indicates that you can't go to a normal online accounts page or app; look at your dated balance sheet and request a withdrawal?

uptdale

murphydavid said:

• Just noticed the Shawbrook easy access at 0.67% on MSE best buy list . 
• Went to their website and under How to manage the account it says:  
• "Once your account is open, you can operate the account through secure message or by telephone on 0345 266 6611".
• How does that work?
• Does anyone know if this indicates that you can't go to a normal online accounts page or app; look at your dated balance sheet and request a withdrawal?

You can operate it online like other online accounts.

If you already have a Shawbrook easy access account at 0.62% you can't open the new one online, because Shawbrook only allows one easy access account at a time.  But if you message them via the website, they will upgrade your account to the new one.

murphydavid

uptdale said:

murphydavid said:

• Just noticed the Shawbrook easy access at 0.67% on MSE best buy list . 
• Went to their website and under How to manage the account it says:  
• "Once your account is open, you can operate the account through secure message or by telephone on 0345 266 6611".
• How does that work?
• Does anyone know if this indicates that you can't go to a normal online accounts page or app; look at your dated balance sheet and request a withdrawal?

You can operate it online like other online accounts.

If you already have a Shawbrook easy access account at 0.62% you can't open the new one online, because Shawbrook only allows one easy access account at a time.  But if you message them via the website, they will upgrade your account to the new one.

Good. Thank you. Most helpful.

canaldumidi

Daliah said:

lhsecons said:

Daliah said:

canaldumidi said:

The moneysaving expert website lists Nationwide as the top High Street account here: It excludes YBS as YBS is not a High Street bank, which is what MarsdenCuckoo was queryimg.

Nationwide is not a High Street Bank

Both, Nationwide and YBS are Building Societies with High Street branches.

I think we know this. Nobody said it was a bank. The point is it has a high street presence, for people who prefer that.

@canaldumidi implied they were by pointing out that YBS are not a bank and are therefore not listed under High Street accounts.

 Not sure why you seem to imply that YBS don’t have a presence in the High Street. They don’t have as many branches as Nationwide but excluding a company based on numbet of Branches or other size factors would seem rather odd.

Fair enough.

Then can I suggest you either come up with an alternative explanation, or email the site and ask why they've omitted YBS from that particular list? I don't speak for MSE so simply answered the question as best I could, and no one seems to have a better suggestion....!

I-LOV-MONEY

murphydavid said:

• Just noticed the Shawbrook easy access at 0.67% on MSE best buy list . 
• Went to their website and under How to manage the account it says:  
• "Once your account is open, you can operate the account through secure message or by telephone on 0345 266 6611".
• How does that work?
• Does anyone know if this indicates that you can't go to a normal online accounts page or app; look at your dated balance sheet and request a withdrawal?

The only negative things I have noticed is that you must withdraw a minimum of £500.   I often withdraw much less at a time.    Also you have to make your withdrawal by 14:30 on the day.

soulsaver

murphydavid said:

• Just noticed the Shawbrook easy access at 0.67% on MSE best buy list . 
• Went to their website and under How to manage the account it says:  
• "Once your account is open, you can operate the account through secure message or by telephone on 0345 266 6611".
• How does that work?
• Does anyone know if this indicates that you can't go to a normal online accounts page or app; look at your dated balance sheet and request a withdrawal?

Compare Our Personal Savings Accounts (shawbrook.co.uk)

How do I open and manage the account?

• You can only apply for this product online. This account can be operated online, through secure message and by telephone on 0345 266 6611. You may be required to provide specific instructions via post. 
• Minimum account opening balance of £1,000.
• Minimum account operating balance £1,000.
• Maximum account deposit is £20,000.
• Maximum account balance is £250,000.

Can I withdraw money?

• Withdrawals can be made online at any time without notice and there are no limitations on the number of withdrawals you can make.
• The Cash ISA is not flexible and you may not be able to re-deposit withdrawn funds if the re-deposit amount takes you above the maximum annual Cash ISA subscription limit in that specific tax year.
• Withdrawals are made to your nominated account only.
• The minimum account withdrawal amount is £500. Where a withdrawal request is received prior to 2:30pm on a working day, your funds should be received into your nominated account on the next working day.
• For full details see our Terms and Conditions for Personal Savings Accounts.