The Top Fixed Interest Savings Discussion Area

PixelPound

S_uk said:

dgpur said:

S_uk said:

BooJewels said:

S_uk said:

BooJewels said:

I wonder how this would fare against the equality act - if for example, you were disabled in a way that might prevent travel or driving, but would prevent you accessing financial and other services and being treated less favourably than others.

You don't have to travel to get a passport.

I know that - I already said that I had to get one for dealing with non-travel stuff. I've not been out of the country for 30 years. But it is a travel document - so you should be able to function in society without one if you either can't, or don't want to travel overseas.  Plus, they're expensive and not everyone can afford one.  

It's an ID document that can be used for travel amongst other things. I was responding to your point that it could possibly be a breach of the equality act because some people might not be able to travel due to a disability, which is irrelevant to the point of whether someone can actually get a passport or not.

But the fact of needing to purchase a passport (an extra hurdle)  to obtain goods and services might be an issue with regard to the act. Especially when there are other means of determining identity that other banks use. Being without a passport or driving licence because I’m disabled, I’ve face this issue way too often. As I live off the returns on invested money (in banks and shares), the cost of buying a passport is not a trivial one.

Hopefully someone who doesn’t require ID will have the best rates when my next pot of money comes up for reinvestment soon.

I appreciate there is a cost to buying a passport, and there have been posts on here in the past about this issue along with loads of threads about people questioning having to buy a more updated phone to access some banking apps.

However I was responding to the poster who specifically mentioned disability and not being able to travel possibly breaching the act, when of course not being able to travel doesn't stop anyone getting a passport.

There is the completely separate issue of people not being able to afford to buy one, and of course that would be an issue for some including poor people who did not have a disability, and wouldn't be an issue for a wealthy person who was disabled.

Anyway, will now steer back to the thread topic.

What about the government ID they now produce for elections? These don't cost and so would be a good alternative to passports/driving licenses - that is if the bank accept them.

Doctor_Who

nic_c said:

S_uk said:

dgpur said:

S_uk said:

BooJewels said:

S_uk said:

BooJewels said:

I wonder how this would fare against the equality act - if for example, you were disabled in a way that might prevent travel or driving, but would prevent you accessing financial and other services and being treated less favourably than others.

You don't have to travel to get a passport.

I know that - I already said that I had to get one for dealing with non-travel stuff. I've not been out of the country for 30 years. But it is a travel document - so you should be able to function in society without one if you either can't, or don't want to travel overseas.  Plus, they're expensive and not everyone can afford one.  

It's an ID document that can be used for travel amongst other things. I was responding to your point that it could possibly be a breach of the equality act because some people might not be able to travel due to a disability, which is irrelevant to the point of whether someone can actually get a passport or not.

But the fact of needing to purchase a passport (an extra hurdle)  to obtain goods and services might be an issue with regard to the act. Especially when there are other means of determining identity that other banks use. Being without a passport or driving licence because I’m disabled, I’ve face this issue way too often. As I live off the returns on invested money (in banks and shares), the cost of buying a passport is not a trivial one.

Hopefully someone who doesn’t require ID will have the best rates when my next pot of money comes up for reinvestment soon.

I appreciate there is a cost to buying a passport, and there have been posts on here in the past about this issue along with loads of threads about people questioning having to buy a more updated phone to access some banking apps.

However I was responding to the poster who specifically mentioned disability and not being able to travel possibly breaching the act, when of course not being able to travel doesn't stop anyone getting a passport.

There is the completely separate issue of people not being able to afford to buy one, and of course that would be an issue for some including poor people who did not have a disability, and wouldn't be an issue for a wealthy person who was disabled.

Anyway, will now steer back to the thread topic.

What about the government ID they now produce for elections? These don't cost and so would be a good alternative to passports/driving licenses - that is if the bank accept them.

But as pointed out by wmb194 here, the bar for getting an election ID is very low.

Givens

Anyone know if the Oaknorth Bank one year fix pays interest monthly?

Futuristic

The ONS reported wage figures that were above expectation, but a rise in the unemployment rate and an increase in the claimant count suggest the labour market is finally starting to 'ease' suggesting the Bank of England won't have to pursue an economy-busting interest rate hiking cycle over the coming months.

New data just released and CPI soon, rates can change very fast based on new data. Interesting to see what happens

sheslookinhot

Givens said:

Anyone know if the Oaknorth Bank one year fix pays interest monthly?

Have you reviewed the T’s & C’s ?

janusdesign

Givens said:

Anyone know if the Oaknorth Bank one year fix pays interest monthly?

All Oaknorth fixes pay interest only upon maturity - whether it's a 6-month or 5-year fix, there is no monthly option.

BooJewels

I certainly have Oaknorth on my personal list as not doing monthly.  As I prefer monthly interest paid away, these are the ones I've noted myself that do this, as a shortlist for me to consider - but DYOR - full details will be in their T&Cs.  I've gone with FirstSave and Charter as they were top rates at the time I opened the accounts.

Vanquis, Ford Money, Charter, FirstSave, Recognise Bank, Hodge and Aldermore.

ETA:  Others like Shawbrook do monthly, but not paid away - just to make the distinction.  There are no doubt more.  ETA2:  just remembered that Hodge do pay away.

bristolleedsfan

BooJewels said:

ETA:  Others like Shawbrook do monthly, but not paid away - just to make the distinction.  

I suggest highly likely that Shawbrook do offer monthly interest paid away.

https://www.shawbrook.co.uk/media/2149/sb_sv_personalsavingsaccounttermsandconditions_20181123_14.pdf

10.3 Interest can be credited to Your account with Us or paid to Your Nominated Account. 

TiVo_Lad

First Save 1 Year Bond at 6.1% is NLA (again).

SJMALBA

BooJewels said:

I certainly have Oaknorth on my personal list as not doing monthly.  As I prefer monthly interest paid away, these are the ones I've noted myself that do this, as a shortlist for me to consider - but DYOR - full details will be in their T&Cs.  I've gone with FirstSave and Charter as they were top rates at the time I opened the accounts.

Vanquis, Ford Money, Charter, FirstSave, Recognise Bank, Hodge and Aldermore.

ETA:  Others like Shawbrook do monthly, but not paid away - just to make the distinction.  There are no doubt more.  ETA2:  just remembered that Hodge do pay away.

From personal experience, I can confirm that Shawbrook do pay monthly to a nominated account.