The Top Easy Access Savings Discussion Area

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Bridlington1 said:

Tandem's instant access saver account is now paying 1.85%.

Over the last 3 days I took out 85k and transfer to Atom at 1.90%.

Every little helps.

Desk

Is there a limit on the sum that can be withdrawn at any one time?

That is, if the withdrawal limit was £30,000 and you had transferred £85,000 would you have to move it over there consecutive months or otherwise just close the account?

Desk

Daliah

Desk said:

Is there a limit on the sum that can be withdrawn at any one time?

That is, if the withdrawal limit was £30,000 and you had transferred £85,000 would you have to move it over there consecutive months or otherwise just close the account?

Desk

You need to check with your provider / the T&Cs of the account you hold with the provider. Many have daily or other withdrawal limits, many don't have them.

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I didn’t check limit, took out 25k a day, and 10k today.

refluxer

Desk said:

Is there a limit on the sum that can be withdrawn at any one time?

That is, if the withdrawal limit was £30,000 and you had transferred £85,000 would you have to move it over there consecutive months or otherwise just close the account?

According to the Tandem Instant Access Saver account page, you have "Instant access to your money with unlimited withdrawals and deposits." and there is no mention of a daily withdrawal limit from that Tandem account in the T&Cs.

Kazza242

According to Moneyfacts, the Sainsbury's Bank Defined Access Saver (issue 32) rate will be increasing to 2.00%.

It is a limited access account, which allows 3 penalty free withdrawals per year.  

The 2.00% rate will be paid on balances between £1,000 - £500,000 (FSCS compensation limit £85K).

See the link below for more details: 

https://www.sainsburysbank.co.uk/savings/sav_definedsaver_skip

surreysaver

Daliah said:

Gatehouse Easy Access - a bit more information for new account holders

After having opened the account yesterday, and making several deposits from my nominated account, today I can see a message in the app, saying "Your nominated account must be authenticated before it can be used for withdrawals". There is no explanation in the app how this authentication works, but if you log into online banking they tell you that they will send you an authentication code in the post, and you then enter this code in online banking to complete the authentication process. This sounds like a security measure - not 100% foolproof but better than not verifying the nominated account.

Cheers for that. There's no explanation anywhere of this, so was wondering myself.
Same with Ford Money, but they explain it on their website

WillowLea1962

Bridlington1 said:

Tandem's instant access saver account is now paying 1.85%.

My app still says 1.65%. Is this new rate not yet applied?

snnexus6

Same here, App 1.65%, website 1.85%

I emptied it the other week so doesn’t affect currently.

snnexus6

Anyone thoughts on 1 year fixes, I know this is the easy access forum, but with 1 year fixed savers at over 4% and the top(ish) easy access currently at 2%, do we expect easy access savers to be at 6% in a years time, IE so it’s an average 4% and matching the yearly fixed rate?

Crystal ball might help!