The Top Fixed Interest Savings Discussion Area

Expotter

ForumUser7 said:

Expotter said:

ForumUser7 said:

Expotter said:

biscan25 said:

I've dumped the rest of my spare cash, actually all of my unfixed cash in the Dudley 1 year fix. Figured 4.75% was the best fix for 1 year non ISA, the way swap rates have moved downwards over the last week or two.
Good luck to all the remaining wait and see'ers.

I'm thinking about doing the same, managed to open a Dudley 1 year fix, but haven't funded it yet. Still trying to figure out how to get around my bank's payment limits since they insist on a single payment. Has anyone else had this problem that could suggest a way to do it?

I don't have this account, but I think some people were suggesting opening a Dudley easy access account, transferring to there the amount you wish to deposit, then transferring that internally to the FRB? Worth checking yourself first, but that might work

Dudley BS instant access account can only be opened in branch or by post and the same for instructions, so I don't think that'll work

Oh right, that's unfortunate. Without knowing the bank you wish to transfer from, their faster payment limit, and the amount you wish to transfer the only other thing I could suggest is opening either a current account, or savings account with another provider that has a suitable faster payments limit for you to use and then transferring it from there. Bear in mind, if opening a new account and doing a massive transfer right away it may want to call you to verify it is you and not a fraudster. I can see why Dudley does not want several payments coming in per account, but it does not seem they thought through that limit of 1 payment very well.

My main account is with Lloyds, their maximum is £25k per day.

Bigwheels1111

First Direct is £49,999.99.
Unless I pay a £15 fee.

Celtic_Supersaver

I am with Barclays and they allow £50,000 and no fee charged.

ForumUser7

Expotter said:

ForumUser7 said:

Expotter said:

ForumUser7 said:

Expotter said:

biscan25 said:

I've dumped the rest of my spare cash, actually all of my unfixed cash in the Dudley 1 year fix. Figured 4.75% was the best fix for 1 year non ISA, the way swap rates have moved downwards over the last week or two.
Good luck to all the remaining wait and see'ers.

I'm thinking about doing the same, managed to open a Dudley 1 year fix, but haven't funded it yet. Still trying to figure out how to get around my bank's payment limits since they insist on a single payment. Has anyone else had this problem that could suggest a way to do it?

I don't have this account, but I think some people were suggesting opening a Dudley easy access account, transferring to there the amount you wish to deposit, then transferring that internally to the FRB? Worth checking yourself first, but that might work

Dudley BS instant access account can only be opened in branch or by post and the same for instructions, so I don't think that'll work

Oh right, that's unfortunate. Without knowing the bank you wish to transfer from, their faster payment limit, and the amount you wish to transfer the only other thing I could suggest is opening either a current account, or savings account with another provider that has a suitable faster payments limit for you to use and then transferring it from there. Bear in mind, if opening a new account and doing a massive transfer right away it may want to call you to verify it is you and not a fraudster. I can see why Dudley does not want several payments coming in per account, but it does not seem they thought through that limit of 1 payment very well.

My main account is with Lloyds, their maximum is £25k per day.

I know it's not ideal, but do you have a Lloyds branch you can get to? Seems to be a £250k limit with ID there (according to this link) https://www.lloydsbank.com/online-banking/benefits-online-banking/payments-and-transfers/pay-someone-new.html

Might be worth checking with Lloyds that your local branch offers this facility before you trek out there though

Expotter

ForumUser7 said:

Expotter said:

ForumUser7 said:

Expotter said:

ForumUser7 said:

Expotter said:

biscan25 said:

I've dumped the rest of my spare cash, actually all of my unfixed cash in the Dudley 1 year fix. Figured 4.75% was the best fix for 1 year non ISA, the way swap rates have moved downwards over the last week or two.
Good luck to all the remaining wait and see'ers.

I'm thinking about doing the same, managed to open a Dudley 1 year fix, but haven't funded it yet. Still trying to figure out how to get around my bank's payment limits since they insist on a single payment. Has anyone else had this problem that could suggest a way to do it?

I don't have this account, but I think some people were suggesting opening a Dudley easy access account, transferring to there the amount you wish to deposit, then transferring that internally to the FRB? Worth checking yourself first, but that might work

Dudley BS instant access account can only be opened in branch or by post and the same for instructions, so I don't think that'll work

Oh right, that's unfortunate. Without knowing the bank you wish to transfer from, their faster payment limit, and the amount you wish to transfer the only other thing I could suggest is opening either a current account, or savings account with another provider that has a suitable faster payments limit for you to use and then transferring it from there. Bear in mind, if opening a new account and doing a massive transfer right away it may want to call you to verify it is you and not a fraudster. I can see why Dudley does not want several payments coming in per account, but it does not seem they thought through that limit of 1 payment very well.

My main account is with Lloyds, their maximum is £25k per day.

I know it's not ideal, but do you have a Lloyds branch you can get to? Seems to be a £250k limit with ID there (according to this link) https://www.lloydsbank.com/online-banking/benefits-online-banking/payments-and-transfers/pay-someone-new.html

Might be worth checking with Lloyds that your local branch offers this facility before you trek out there though

Thanks, I think that's probably my best bet. I'll go to my local branch with ID and see what they say.

Consumerist

A bit messy but can you open more than one fixed-rate account and then transfer your total in stages between them ?

bristolleedsfan

Consumerist said:

A bit messy but can you open more than one fixed-rate account and then transfer your total in stages between them ?

Exactly what I do .....

janusdesign

southone said:

Can you post a cheque to them of full amount?

not with Dudley's online accounts - "Online accounts can only be funded by faster payment or debit card." (and their debit card option doesn't work!).

meat_n2_reg

Thinking of another 1 year fix pot after next weeks BOE meeting and possibly another 2 year fix aswell 

happybagger

Sent off requests for withdrawals from Regular Saver accounts to dump in Santander 2.75% whilst looking to open some 2 and 3 year fixes this weekend, as the funding window for them will cover the BoE rate decision and market response to it. If FR rates rise then it's still possible to back out.