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The Top Easy Access Savings Discussion Area

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  • Band7
    Band7 Posts: 2,285 Forumite
    1,000 Posts Name Dropper
    edited 6 December 2022 at 9:31PM
    BooJewels said:

    Normally, transferring to savings, you'd send it to the organisations own bank, with your account no. as a reference.   
    Nationwide also have savings accounts with their own sort code and account number. If yours is one of these, you make deposits directly to that sort code and account number.
  • leaphaze
    leaphaze Posts: 361 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Band7 said:
    BooJewels said:

    Normally, transferring to savings, you'd send it to the organisations own bank, with your account no. as a reference.   
    Nationwide also have savings accounts with their own sort code and account number. If yours is one of these, you make deposits directly to that sort code and account number.
    If you use the reference, it will appear in your NW statement against the transaction, so useful for identification purposes.
    Wearing my other one today.
  • BooJewels
    BooJewels Posts: 3,006 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Band7 said:
    BooJewels said:

    Normally, transferring to savings, you'd send it to the organisations own bank, with your account no. as a reference.   
    Nationwide also have savings accounts with their own sort code and account number. If yours is one of these, you make deposits directly to that sort code and account number.
    Thank you - yes, it appears to be the case, it is a savings account with my own sort code and account no.  I don't think I've encountered that before.  Do I then note it as a personal account with my name, as I would when transferring funds to a current account?
  • RG2015
    RG2015 Posts: 6,048 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 6 December 2022 at 9:54PM
    BooJewels said:
    Band7 said:
    BooJewels said:

    Normally, transferring to savings, you'd send it to the organisations own bank, with your account no. as a reference.   
    Nationwide also have savings accounts with their own sort code and account number. If yours is one of these, you make deposits directly to that sort code and account number.
    Thank you - yes, it appears to be the case, it is a savings account with my own sort code and account no.  I don't think I've encountered that before.  Do I then note it as a personal account with my name, as I would when transferring funds to a current account?
    I believe that most savings accounts with banks and building societies offering current accounts do this. I have several.

    And yes, in answer to your question.
  • RG2015
    RG2015 Posts: 6,048 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 6 December 2022 at 10:01PM
    Are Ford Money finally inching their way in to this millennium? Just logged on to withdraw some cash and saw this little note. Looks like a welcome development.. have done a withdrawal, will update later if I receive the funds before end of the day.. 
    I made a transfer after I saw this and it is now in my linked current account.

    Your post was at 11:00 am and my transfer was at 11:21 as per their confirmation text to me.

    This is excellent as payments into Ford Money are also same day if done early enough. 
  • BooJewels
    BooJewels Posts: 3,006 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Thanks for the help with Nationwide, it went through and had cleared as soon as I'd logged out from one and into the other.  When I looked at the bank savings account I was moving from, I could see that had a sort code and 8 digit account no. too - I've just never sent anything to it from outside my own accounts at the same bank.
  • BooJewels
    BooJewels Posts: 3,006 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Thanks for the explanation @TiVo_Lad - I just had a brain fart last night after sorting all sorts of stupid things and a lot of moving money around, trying to sort some attorney issues with Barclays, who really don't make it easy, decided to just test this payment whilst I was already logged in to my bank and was just bamboozled by the instructions for a moment.  It was like one bit of data too much. Your explanation obviously makes perfect sense and why my bank savings accounts, that I use for organising money rather than saving, have account numbers and sort codes.  But Skipton, for example, use Barclays and you send money to their Barclays account with your account no. as a reference.
  • CHIP 2.9%. Where did that come from?
  • Do you still have to give CHIP Open Banking access to your current account so that it can pinch your money at random times for no apparent reason other than the AI says so?

    Had this for a while and it was just annoying. If the instant access account is available without the AI savings bot and its freedom to raid your bank account then it's a goer.
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