The Top Easy Access Savings Discussion Area

ranciduk

Just got a text from shawbrook 

their easy access is now 1.25%

Cool 😎 

Daliah

ranciduk said:

Just got a text from shawbrook 

their easy access is now 1.25%

Cool 😎 

Definitely not hot 

Thumbs_Up

wiseonesomeofthetime said:

BigBlueSky said:

Secure Trust Bank are now offering 1.40% on their access account.

https://www.securetrustbank.com/savings/access-accounts/access-account

Note minimum operating balance = £1,000

No matter what the banks rules are I always send a £1 test. In this case the £1 didn’t pass go so I followed up with a £1000 deposit which has now cleared after 24 hours. Question is where is my £1, it seems it hasn’t been returned to my donor account. I hope the Banks CEO is not having a free lunch on my account...  

 

refluxer

Thumbs_Up said:

wiseonesomeofthetime said:

BigBlueSky said:

Secure Trust Bank are now offering 1.40% on their access account.

https://www.securetrustbank.com/savings/access-accounts/access-account

Note minimum operating balance = £1,000

No matter what the banks rules are I always send a £1 test. In this case the £1 didn’t pass go so I followed up with a £1000 deposit which has now cleared after 24 hours. Question is where is my £1, it seems it hasn’t been returned to my donor account. I hope the Banks CEO is not having a free lunch on my account... 

Just to clarify - do you think they rejected the initial £1 test transaction because it was less than the £1000 minimum operating balance ? If so, that would seem a bit harsh.

soulsaver

refluxer said:

Thumbs_Up said:

wiseonesomeofthetime said:

BigBlueSky said:

Secure Trust Bank are now offering 1.40% on their access account.

https://www.securetrustbank.com/savings/access-accounts/access-account

Note minimum operating balance = £1,000

No matter what the banks rules are I always send a £1 test. In this case the £1 didn’t pass go so I followed up with a £1000 deposit which has now cleared after 24 hours. Question is where is my £1, it seems it hasn’t been returned to my donor account. I hope the Banks CEO is not having a free lunch on my account... 

Just to clarify - do you think they rejected the initial £1 test transaction because it was less than the £1000 minimum operating balance ? If so, that would seem a bit harsh.

Key Features - immediately under min operating balance £1000, in big letters minimum opening deposit £1000. 

eta and note: 

• Minimum £1,000 for each subsequent deposit

Thumbs_Up

refluxer said:

Thumbs_Up said:

wiseonesomeofthetime said:

BigBlueSky said:

Secure Trust Bank are now offering 1.40% on their access account.

https://www.securetrustbank.com/savings/access-accounts/access-account

Note minimum operating balance = £1,000

No matter what the banks rules are I always send a £1 test. In this case the £1 didn’t pass go so I followed up with a £1000 deposit which has now cleared after 24 hours. Question is where is my £1, it seems it hasn’t been returned to my donor account. I hope the Banks CEO is not having a free lunch on my account... 

Just to clarify - do you think they rejected the initial £1 test transaction because it was less than the £1000 minimum operating balance ? If so, that would seem a bit harsh.

I pretty sure Kent reliance and Shawbrook bank had the same rules but the £1 test seemed to work so I wasn’t expecting any difference with Secure Trust bank....Lets see what happens to the missing pound.

refluxer

soulsaver said:

Key Features - immediately under min operating balance £1000, in big letters minimum opening deposit £1000. 

eta and note: 

• Minimum £1,000 for each subsequent deposit

Thanks. The reason I asked is that many banks obviously having minimum operating balances for their accounts, but I've not come across many other accounts with similar restrictions on deposits. Imposing a £1000 minimum opening deposit when you're (presumably) not part of the CoP scheme (and especially when there are accounts elsewhere paying around the same rate or higher but without any deposit restrictions) means I would just look elsewhere, personally.

refluxer

Thumbs_Up said:

I pretty sure Kent reliance and Shawbrook bank had the same rules but the £1 test seemed to work so I wasn’t expecting any difference with Secure Trust bank....Lets see what happens to the missing pound.

Yes, I think I did the same with a Shawbrook Easy Access ISA - sent an initial £1 test deposit followed straight away with a larger amount once the test deposit got through - it wasn't automatically rejected.

soulsaver

refluxer said:

soulsaver said:

Key Features - immediately under min operating balance £1000, in big letters minimum opening deposit £1000. 

eta and note: 

• Minimum £1,000 for each subsequent deposit

Thanks. The reason I asked is that many banks obviously having minimum operating balances for their accounts, but I've not come across many other accounts with similar restrictions on deposits. Imposing a £1000 minimum opening deposit when you're (presumably) not part of the CoP scheme (and especially when there are accounts elsewhere paying around the same rate or higher but without any deposit restrictions) means I would just look elsewhere, personally.

Well today it's good you have the choice as 1.4% is easily achievable with several other providers.

In circumstances you (I) were applying for a market leading rate & where the minimum rule is clear (as it is here) I'd just make absolutely certain the sort code and ac numbers were correct - just like I did for 20+ years of internet banking before COP etc was introduced. 

Section62

refluxer said:

soulsaver said:

Key Features - immediately under min operating balance £1000, in big letters minimum opening deposit £1000. 

eta and note: 

• Minimum £1,000 for each subsequent deposit

Thanks. The reason I asked is that many banks obviously having minimum operating balances for their accounts, but I've not come across many other accounts with similar restrictions on deposits. Imposing a £1000 minimum opening deposit when you're (presumably) not part of the CoP scheme (and especially when there are accounts elsewhere paying around the same rate or higher but without any deposit restrictions) means I would just look elsewhere, personally.

The Nottingham BS used to do this - they still might, but they haven't had an account attractive enough for me to open and find out for some time.

They told me the fact the payment had been returned was 'proof' it had gone to the right account, even though the system the CSA was using had no record of the payment being received or processed.