The Top Easy Access Savings Discussion Area

snnexus6

Beddie said:

snnexus6 said:

0209897m said:

I gave up on Al Rayan account. I have an older Samsung and neither of their apps seem compatible, and using via browser it just crashes. 

Opened an account with Gatehouse and can't get logged in via the App either. Got in via browser and have transferred over £1 but it hasn't updated balance yet. It seems the account number and sort code isn't unique to the account holder, just their reference, which perhaps slows process down? My surname was part of initial reference given but I couldn't fit it in when transferring from Nationwide. Hopefully Tandem, Zopa or Atom increase rates soon, far smoother process.

Applied for Al Rayan yesterday and all accepted quickly, but don’t particularly like the idea of having to deposit money first before they have officially opened your savings account for them to then confirm via the post?!. Too much of a faff for the small increase in interest from my current best saving account.

You don't need anything through the post to start using the account. Set up the app - a bit of a faff - using the details you already have from the application and you're good to go!

Thanks! I’m in the app!
Does that mean it’s ready to go and amounts transferred in will now just show up immediatin the account. 

Will try it tomorrow anyway during banking hours.

Beddie

snnexus6 said:

Beddie said:

snnexus6 said:

0209897m said:

I gave up on Al Rayan account. I have an older Samsung and neither of their apps seem compatible, and using via browser it just crashes. 

Opened an account with Gatehouse and can't get logged in via the App either. Got in via browser and have transferred over £1 but it hasn't updated balance yet. It seems the account number and sort code isn't unique to the account holder, just their reference, which perhaps slows process down? My surname was part of initial reference given but I couldn't fit it in when transferring from Nationwide. Hopefully Tandem, Zopa or Atom increase rates soon, far smoother process.

Applied for Al Rayan yesterday and all accepted quickly, but don’t particularly like the idea of having to deposit money first before they have officially opened your savings account for them to then confirm via the post?!. Too much of a faff for the small increase in interest from my current best saving account.

You don't need anything through the post to start using the account. Set up the app - a bit of a faff - using the details you already have from the application and you're good to go!

Thanks! I’m in the app!
Does that mean it’s ready to go and amounts transferred in will now just show up immediatin the account. 

Will try it tomorrow anyway during banking hours.

I'm pleased it worked for you, I went through the same process when I set mine up a while back. I've found that if you transfer during working hours it shows up reasonably quickly, but not instantly. As I'm sure you already know, send a small amount first, so you know it's working before moving larger sums.

soulsaver

soulsaver said:

As previously hinted, Ford Money Flexible Saver 2.5% has gone 'no longer available' (NLA) to 'new customers'.  Flexible Savings Account - Easy access savings | Ford Money

I'm not certain if that actually means to new customers or to new applicants.
I know it's possible but I doubt there are many existing customers who don't already hold the Flexible Saver.

They have confirmed it's precisely what they say - it is available to existing customers. 

Freedommm

Applied for the Al Rayan account. Do they send you an account opening confirmation by email or do they insist on sending a letter by post? 

Bigwheels1111

Freedommm said:

Applied for the Al Rayan account. Do they send you an account opening confirmation by email or do they insist on sending a letter by post? 

Mine got stuck at step 4.

I called them and they set up account, gave me Sort code and account number.

Plus told me to select option 2 on the app.

Log in with account number.

Call and set up took 10 mins max.

snnexus6

Freedommm said:

Applied for the Al Rayan account. Do they send you an account opening confirmation by email or do they insist on sending a letter by post? 

As mentioned above, I applied and the only options provided were to transfer the initial deposit via online banking or post a cheque, then they’d write back to confirm the account is open, which I thought was a bit archaic.

However, if you download the Al Rayan App (worked for me fine on an iPhone) and register that way it sets the account up and I’ve already transferred cash into the saver this morning.

snnexus6

Just to add, I had no issues originally applying for the account on Al Rayan website

and when verifying my identity on the app I chose option 2 and provided the same details as the initial application, all worked fine.

Anselm1033

Sainsbury Bank Defined Access Saver (Presently top choice on MSE for instant savings):

Alert: Any future interest rate increases won't be applied to your account.

This will be obvious to some people, but not all. Your account will have an "issue number" in its name. As interest rates rise, Sainsburys wont increase the interest rate. Instead they will launch a new product with the same name but a higher "issue number". Your account will stay as it is and the only way to benefit from the higher rate will be to open one of the new accounts and transfer your money across.

My experience of trying to do this has been terrible. Attempt to open latest "issue" account online led to an error and a recommendation to call. Telephone wait time then 45 minutes. Once connected, they did sort it out.

Note, when you try to call Sainsbury, the automated system will tell you that if there are any interest rises applicable to your account they will contact you about it. (So, go away.) But, as is clear from the above, this is disingenuous and - I think - deceptive. It contradicts the point that interest rates will not be increased on accounts with the same issue number, which is stated when you apply. So there will never be any interest rises on your account for you to contact them about.

TomDolan

just seen on Gatehouse website:

We're sorry, our Easy Access Account is currently under review.

MrFrugalFever

Anselm1033 said:

Sainsbury Bank Defined Access Saver (Presently top choice on MSE for instant savings):

Alert: Any future interest rate increases won't be applied to your account.

This will be obvious to some people, but not all. Your account will have an "issue number" in its name. As interest rates rise, Sainsburys wont increase the interest rate. Instead they will launch a new product with the same name but a higher "issue number". Your account will stay as it is and the only way to benefit from the higher rate will be to open one of the new accounts and transfer your money across.

My experience of trying to do this has been terrible. Attempt to open latest "issue" account online led to an error and a recommendation to call. Telephone wait time then 45 minutes. Once connected, they did sort it out.

Note, when you try to call Sainsbury, the automated system will tell you that if there are any interest rises applicable to your account they will contact you about it. (So, go away.) But, as is clear from the above, this is disingenuous and - I think - deceptive. It contradicts the point that interest rates will not be increased on accounts with the same issue number, which is stated when you apply. So there will never be any interest rises on your account for you to contact them about.

Just opened their Issue33 @ 2.75% within 2 minutes all approved and confirmed sort code / account number.