Marcus coming to the end of my bonus

NoviceAngel

EdSwippet wrote: »

The news this past decade has not been great for any savers. :-(

How longs a decade ? I remember as a teenager getting a bus into Leeds just to pay in £50 a week into my Newcastle building society and still have the leaflets showing me a rate of 15.4% interest - I could go on about the Anglia building society, became the Nationwide Anglia, finally back to Nationwide, I know this sounds a bit nerdy but I went around Leeds opening accounts with every building society and bank and used the cards as collections and have must easily have still hundreds of them ! Yeah nerdy 🤓

The Anglia was weird, as soon as you put your card into the dot matrix display welcomed you by name “Welcome Mr/Mrs NoviceAngel’ I’d never seen that before or since!

Yeah I know it’s off topic but doesn’t harm to digress once and awhile lol! Could start a whole new thread building societys from the 70’s and what happened to them?

Eco_Miser

NoviceAngel wrote: »

How longs a decade ? I remember as a teenager getting a bus into Leeds just to pay in £50 a week into my Newcastle building society and still have the leaflets showing me a rate of 15.4% interest -

I also remember the 70s - when inflation was so bad we got a pay rise every month in a futile attempt to maintain the spending power.

soulsaver

soulsaver wrote: »

You could grab the Cynergy and put the £min in hopefully hold the rate; they are still honouring the 1.5%for takers they had available a few weeks ago .

Assuming you've got TSB 3% & had Nationwides 5%, to do better than that in banks atm you'd need to go for reg savers or notice/fixed accounts - the rate trend is deffo DOWN atm.

I should say stuff like that more often...
as soon as I do Al Rayan launches a 1.6% easy access account..

https://www.alrayanbank.co.uk/savings/instant-access-savings/

roddydogs

I should imagine the word "Sharia" might put some people off.

The_Fat_Controller

I have just moved my money from Marcus to Al Rayan's Everyday Saver.

I had a cash ISA with Al Rayan previously which paid exactly the profit expected.

If you need to call them, they have the most polite, knowledgeable and helpful staff of any financial institution I have dealt with in the last 44 years.

Uxb1

The_Fat_Controller wrote: »

I have just moved my money from Marcus to Al Rayan's Everyday Saver.
I had a cash ISA with Al Rayan previously which paid exactly the profit expected.
If you need to call them, they have the most polite, knowledgeable and helpful staff of any financial institution I have dealt with in the last 44 years.

Well after my application failed due to the website seemingly going down and pressing continue just going round in circles.....
then I find I cannot re-start it as new application as my details "are already saved"
I'm invited to call them instead.
Then I try calling them and get into the inevitable a long queue if indeterminable length
I'm invited to press 3 as an option to get a call back as soon as a customer rep is free - except that pressing 3 does not work and does nowt - the call centre music still plays.
Then I take the other option which is to go back to the website and fill in a call back request - and having done and got the submitted confirmation.......I'm still waiting.
So on this test basis of simply trying to open an account - I think I'll pass on this "opportunity" thank you very much.

NoviceAngel

It’s one hell of an application process and very confusing because when you get to the very end, it then asks you to print out the forms and return them, but then I receive an email which says your account is now open ? Weird anyone know if you have to post the forms off ?

soulsaver

NoviceAngel wrote: »

It’s one hell of an application process and very confusing because when you get to the very end, it then asks you to print out the forms and return them, but then I receive an email which says your account is now open ? Weird anyone know if you have to post the forms off ?

What else does the email say?


"We will send you a welcome letter in the post; please sign and return any documents contained within it" ?

NoviceAngel

soulsaver wrote: »

What else does the email say?


"We will send you a welcome letter in the post; please sign and return any documents contained within it" ?

Lol, yeah it says exactly that, I guess you got the same one but yet the application form that they ask you to download says the opposite sign and return! I guess I need to chill a little lol - thanks

londoninvestor

NoviceAngel wrote: »

Lol, yeah it says exactly that, I guess you got the same one but yet the application form that they ask you to download says the opposite sign and return! I guess I need to chill a little lol - thanks

If I remember rightly from opening a fixed-term deposit with Al Rayan, they do want you to post them a form with a physical signature, but it doesn't hold up your money from going into the account.

They do periodically nag you if you don't send the form in (I went on holiday just after opening the account, and found two or three copies of the form on my doormat with different postmark dates )