The Top Easy Access Savings Discussion Area

mebu60

dc_scotland said:

Hi mebu 60,

You can open the latest issue Tesco ISA online, then just phone them to transfer from the old to the new.  For me, that is part of the 5 minute phone call to close the old Internet Savers.  During the ISA application, you have to indicate how you will fund it.  Internal transfer from an existing ISA is not an option, hence the phone call.  Just select the pay in by cheque option, along with any random amount below £20k, so as to get by that stage of the process.  Then make your phone call.  It really does just take minutes, as no T&Cs need to be read to you because you've already read them online.

Thanks dc, I will do that next time (as I'm sure there will soon be another next time). That will certainly reduce the time on the phone and save the poor contact centre person from having to read out masses of stuff in the knowledge I'm not really paying great attention. 

cloud_dog

Bridlington1 said:

10_66 said:

infoadict said:

...Also asked if a test payment below £1,000 would be accepted, but it won't and will be rejected. But you will receive an email telling you this, so you will know the account has been set up correctly.

I can't see that it says on their product page that the minimum is £1,000, I can only see minimum of £1?

https://gatehousebank.com/personal/savings/easy-access/easy-access

They appear to have updated their T&Cs. Their minimum initial deposit has now been reduced from £1k to £1. 

I complained to them about not allowing a £1 'test' payment as you cannot use the payee confirmation process it makes making an initial £1k payment more of a gamble. So I'm going to take all the credit for them lowering this requirement 

soulsaver

Just logged onto Al Rayan - showing 2.10% EPR on Everyday Saver.

New ToTP table topper..? 

Not on their website yet...

infoadict

Yes- Al Rayan showing same for me at 2.10%

Expotter

On their website now Al Rayan Everyday Saver (issue 3) 2.1% Min £5k

soulsaver

Expotter said:

On their website now Al Rayan Everyday Saver (issue 3) 2.1% Min £5k

Still showing 1.9% at the first page... but I see it in 'ALL ACCOUNTS'
Hold that: They must be editing it as we speak, first page conforms now, too.

ToTP edited accordingly for the reinstated No1, see here.

janusd

at the excitement of the 2.1% rate, I just managed to get access to my Al Rayan account blocked... I had to call their 0800 number... it took 45 mins to speak to someone and a couple of minutes to get through the security checks... all good now.

pity they play the same one track whilst waiting - it's going to be in my head all day now.

also, in case nobody mentions it, profit/interest is paid on the last day of the month (had mine yesterday).

mrchagle

Thanks all for the info re: monthly "profit" 

Bigwheels1111

Mine did not pay until today, Now showing 2.1% in the app.

karlie88

You've got to hand it to Al Rayan, they're the quickest to react when their rate is beaten. Very impressed.