The Top Easy Access Savings Discussion Area

ColdIron

Marmaduke123 said:

It's very annoying to have to open new accounts and go through the convoluted process of closing old ones! I suppose it must work for Tesco, even if not for their customers.

You can close them without phoning them, though I've never tried it

https://community.tescobank.com/content/4314-How-do-I-close-my-Internet-Saver-Account-online

wiseonesomeofthetime

ColdIron said:

Marmaduke123 said:

It's very annoying to have to open new accounts and go through the convoluted process of closing old ones! I suppose it must work for Tesco, even if not for their customers.

You can close them without phoning them, though I've never tried it

https://community.tescobank.com/content/4314-How-do-I-close-my-Internet-Saver-Account-online

I have done it by form and it's easy tbh

Steve_xx

Bridlington1 said:

According to Moneyfacts, Gatehouse Bank's easy access account will soon be paying 2% EPR.

Yet when you go to the Gatehouse website, the rate for their Easy Access Account shows it as being at 1.80%!

jaypers

Investec Online Flexi Saver up from 1.4% to 1.7%

Bridlington1

I'Steve_xx said:

Bridlington1 said:

According to Moneyfacts, Gatehouse Bank's easy access account will soon be paying 2% EPR.

Yet when you go to the Gatehouse website, the rate for their Easy Access Account shows it as being at 1.80%!

I've just received the following email:

Steve_xx

Bridlington1 said:

I'Steve_xx said:

Bridlington1 said:

According to Moneyfacts, Gatehouse Bank's easy access account will soon be paying 2% EPR.

Yet when you go to the Gatehouse website, the rate for their Easy Access Account shows it as being at 1.80%!

I've just received the following email:

It's actually changed to 2% on their website now.

Daliah

Question to those with a Gatehouse Easy Access accounts: how long do withdrawals take? Do they process them 7 days a wekk?

Molehusband

Marmaduke123 said:

It's very annoying to have to open new accounts and go through the convoluted process of closing old ones! I suppose it must work for Tesco, even if not for their customers.

I agree. A problem I've had with Tesco savings accounts is that I elect to go paperless and I expect my statements to be available to download. When opening a new account to get a better rate, I have elected to close the old one. Unfortunately they only allow, I think, up to 5 accounts to be viewed online while others just vanish. They send me an email saying the closing statement is available to view, but instead they send me an unwanted paper statement by post.

So, as you say their whole process is convoluted.

UncleK

wiseonesomeofthetime said:

ColdIron said:

Marmaduke123 said:

It's very annoying to have to open new accounts and go through the convoluted process of closing old ones! I suppose it must work for Tesco, even if not for their customers.

You can close them without phoning them, though I've never tried it

https://community.tescobank.com/content/4314-How-do-I-close-my-Internet-Saver-Account-online

I have done it by form and it's easy tbh

Yes, I saw that - and it also says you can only do it if the balance is zero. Given that I found what totalled to being hundreds of pounds lurking there - albeit with balance shown as zero, I am suspicious about how I'd receive that money. If at all.

Molehusband

Bridlington1 said:

According to Moneyfacts, Gatehouse Bank's easy access account will soon be paying 2% EPR.

Yes, I see it's 2% "Expected Rate" rather than interest. I have some further confusion about the account because, while it indicates the account can be opened online (presumably through website), yet apparently it can only be managed by App. Also it suggests "Early Access" is not available but doesn't give details about that.