The Top Easy Access Savings Discussion Area

Ifts

ColdIron said:

A really easy opening process, transferred some money in within 10 minutes

I got my phone grid last week. I also got a letter asking for a signature (not mentioned on opening) which I returned in the supplied envelope, I'd imagine this is standard

With the Coventry account opening process, it was the same for me, today I received my phone grid card (needed if you ever use telephone banking with them) and also the letter asking for a signature with a prepaid envelope.

Re the signature request - on the letter I received today it said:

If you need to make any changes in the future - for example, if you change your address or want to tell us what to do with your savings when a bond matures - we'll need to check your identity again. One of the ways to do this is by checking your signature...

masonic

Deleted_User said:

Band7 said:

Deleted_User said:

I took my money out of Al Rayan, looked to close the account but you have to do so in writing which I can't be arsed with so I guess my account will remain open with no balance. Handy if they ever increase their rates again.

You can send them a Secure Message to ask for your account to be closed, and instructing them where to pay accrued interest where applicable. They might take a week before actioning it but it works ok.

Thanks. But wouldn't I be better off just leaving things as they are? Like I said, they may raise their rates again, they were top of the shop for quite a while.

I would keep the current issue open as it may increase in rate, but the suggestion is useful for past issues, or if Al Rayan bring out a more competitive alternative.

Band7

masonic said:

Deleted_User said:

Band7 said:

Deleted_User said:

I took my money out of Al Rayan, looked to close the account but you have to do so in writing which I can't be arsed with so I guess my account will remain open with no balance. Handy if they ever increase their rates again.

You can send them a Secure Message to ask for your account to be closed, and instructing them where to pay accrued interest where applicable. They might take a week before actioning it but it works ok.

Thanks. But wouldn't I be better off just leaving things as they are? Like I said, they may raise their rates again, they were top of the shop for quite a while.

I would keep the current issue open as it may increase in rate, but the suggestion is useful for past issues, or if Al Rayan bring out a more competitive alternative.

^^ That.

I had kept the previous version of their instant access account but they didn't raise the rate on that again when they brought out their current version. So that previous version was of no use any longer. I have that one now sitting with £1 as I moved the rest to CHIP. As and if Al Rayan provide the leading rate again, I can swiftly move back.

Bridlington1

Band7 said:

masonic said:

Deleted_User said:

Band7 said:

Deleted_User said:

I took my money out of Al Rayan, looked to close the account but you have to do so in writing which I can't be arsed with so I guess my account will remain open with no balance. Handy if they ever increase their rates again.

You can send them a Secure Message to ask for your account to be closed, and instructing them where to pay accrued interest where applicable. They might take a week before actioning it but it works ok.

Thanks. But wouldn't I be better off just leaving things as they are? Like I said, they may raise their rates again, they were top of the shop for quite a while.

I would keep the current issue open as it may increase in rate, but the suggestion is useful for past issues, or if Al Rayan bring out a more competitive alternative.

^^ That.

I had kept the previous version of their instant access account but they didn't raise the rate on that again when they brought out their current version. So that previous version was of no use any longer. I have that one now sitting with £1 as I moved the rest to CHIP. As and if Al Rayan provide the leading rate again, I can swiftly move back.

I've not even kept £1 in mine. Al Rayan's been sat at 1p since November.

phillw

refluxer said:
Marvo was talking about the 1% cashback you get by making certain purchases using your Chase card 

And I was talking about stoozing that could earn up to 7 times more

phillw

Patrington said:
And don't forget the 5% interest on the roundup

Unless you are gaming the roundup then its unlikely you will make more than a few pence.

Cashback on foreign currency is great and if you buy foreign currency then you should use a chase account for it.

If you are able to push business expenses through it  (which wouldn't qualify for section 75 anyway and would likely exceed your credit limit) then it would also be worth it.

Everything else, I wouldn't bother

[Deleted User]

I like CHASE. The app is easy to use, the 1% on purchases is handy, the upcoming 2.7% on easy access savings is not to be sniffed at and spending abroad is also very good. Could I make more? Well yes, you can always make more, just depends on how many hoops you want to go through. I spent £17,000 on a round-the-world trip, got £170 back. My credit card has a £2000 limit so I don't know how I could really have beaten that. Anyway. Each to their own. ZOPA is my preferred choice at the moment. If you use the ladder system its 3.26% on all your savings which even beats (just) the upcoming rise on the Coventry BS.

Wheres_My_Cashback

Deleted_User said:

I like CHASE. The app is easy to use, the 1% on purchases is handy, the upcoming 2.7% on easy access savings is not to be sniffed at and spending abroad is also very good. Could I make more? Well yes, you can always make more, just depends on how many hoops you want to go through. I spent £17,000 on a round-the-world trip, got £170 back. My credit card has a £2000 limit so I don't know how I could really have beaten that. Anyway. Each to their own. ZOPA is my preferred choice at the moment. If you use the ladder system its 3.26% on all your savings which even beats (just) the upcoming rise on the Coventry BS.

Chase up to 2.7% makes Chase more appealing and definitely worthy of use, but still a little short for me, but I'm doing pretty well with the round up a/c and have more in there than some regular savers permit pa.

ZOPA may beat Cov by 0.01%, but you don't have to wait 95 days to access your funds, you can get them the next day, albeit only 6 times pa. Horses for courses.

[Deleted User]

Wheres_My_Cashback said:

Deleted_User said:

I like CHASE. The app is easy to use, the 1% on purchases is handy, the upcoming 2.7% on easy access savings is not to be sniffed at and spending abroad is also very good. Could I make more? Well yes, you can always make more, just depends on how many hoops you want to go through. I spent £17,000 on a round-the-world trip, got £170 back. My credit card has a £2000 limit so I don't know how I could really have beaten that. Anyway. Each to their own. ZOPA is my preferred choice at the moment. If you use the ladder system its 3.26% on all your savings which even beats (just) the upcoming rise on the Coventry BS.

n some regular savers permit pa.

ZOPA may beat Cov by 0.01%, but you don't have to wait 95 days to access your funds, you can get them the next day, albeit only 6 times pa. Horses for courses.

Like I said, I'm using the ladder system so will have money available every 5 days so no waiting. It's also a notice account of sorts so while Coventry could reduce there rates in an instant, you have 95 days notice with ZOPA. I agree though, horses for courses, I personally don't like limitations on how many times I can withdraw, I like it to be more fluent than that but that's me.
What I will say for ZOPA is they raised their rates instantly, while the Coventry gave a three week delay. Kudos to ZOPA for that.

ForumUser7

Has anyone got their monthly interest from Kent Reliance Easy Access yet please? From my previous experiences, it has shown on the account the day after the last working day (and been dated as the last working day) but it has not showed for me this time round. I wondered if perhaps it was because it was a Saturday, and it'd show on Monday, but I'm unsure. Thank you