Chase 1.5% Easy Access

masonic

Daliah said:

masonic said:

Are people transferring directly into the savings account or via the current account? Could be a factor if payments are being held on the Chase side.

Mine went directly into the savings account; 3 payments > £10k each. I have also held the Chase current account for several months already and regularly transacted on it.

In that case it doesn't seem like there is any link between payments being held and the destination account. We've had some of each go through with no troubles (mine were via current account).

SickGroove

Sorry if this is an obvious question, but why would you need to have up to 10 savings accounts with them? Isn't the £85K protection for however many savings accounts you hold with them or is it £85K per savings account?

SickGroove

Following on from post above...

You'd just keep the whole £85K in the one savings accounts wouldn't you, rather than open 9 other seperate ones?

masonic

SickGroove said:

Sorry if this is an obvious question, but why would you need to have up to 10 savings accounts with them? Isn't the £85K protection for however many savings accounts you hold with them or is it £85K per savings account?

SickGroove said:

Following on from post above...

You'd just keep the whole £85K in the one savings accounts wouldn't you, rather than open 9 other seperate ones?

People are not dividing up their money for extra FSCS protection (or if they are they are setting themselves up for disappointment). There are other reasons for wanting to separate savings into several pots.

ZeroSum

SickGroove said:

Sorry if this is an obvious question, but why would you need to have up to 10 savings accounts with them? Isn't the £85K protection for however many savings accounts you hold with them or is it £85K per savings account?

You don't "need" 10, but can be handy for savings pots.

I'm just going with 2. My main savings & credit card stoozing ( which its looking like it's worth getting back into)

Daliah

SickGroove said:

Sorry if this is an obvious question, but why would you need to have up to 10 savings accounts with them? Isn't the £85K protection for however many savings accounts you hold with them or is it £85K per savings account?

Multiple accounts are popular with the "potters" who like to keep money in different digital envelopes / pots - say one for presents, one for Xmas, one for holidays, one for DIY, one for car maintenance etc etc etc.

The FSCS protection is per person per banking / banking group, not per account.

Deanbrid

orange-juice said:

Can't get it on my Moto g6 running on Android 9 either.

I can't get it either I have a Moto g7 running Android 10.

cymruchris

djpailo said:

Daliah said:

k_man said:

The Chase systems will be getting some hammer this morning.

Expect a few errors, timeouts, and something went wrong messages

Needless scaremongering

Not really no. Lots of IT systems are never prepared for the demand when a good deal appears on HotUKDeals or MSE. 

It hasn't made it onto the daily update of the main Bankings & Savings page yet.... So that might have an ongoing impact when it does.

I transferred in a £1000 initially to ensure it got there - and showed up in a couple of minutes. I then sent a few thousand more - and it got blocked at the Virgin end. That was around 2pm I think - and at 6pm it still hadn't shifted, so gave them a call, answered the security questions, told them it wasn't a scam - and then it was released. It arrived at around 6.30pm. I'll likely send some more tomorrow, as I have some available funds for short term deposit (months rather than years).

Now I'm mulling over my Investec by Raisin account which is only at 0.95 percent, but am entitled to a £50 bonus if £10k is kept for a minimum of 6 months. If my maths are correct, I'm best off keeping these funds in place until the bonus is paid. 

cloud_dog

masonic said:

SickGroove said:

Sorry if this is an obvious question, but why would you need to have up to 10 savings accounts with them? Isn't the £85K protection for however many savings accounts you hold with them or is it £85K per savings account?

SickGroove said:

Following on from post above...

You'd just keep the whole £85K in the one savings accounts wouldn't you, rather than open 9 other seperate ones?

People are not dividing up their money for extra FSCS protection (or if they are they are setting themselves up for disappointment). There are other reasons for wanting to separate savings into several pots.

It's quite funny really, I feel like I'm 8 again, but with virtual jam jars

Se1Lad

cymruchris said:

Now I'm mulling over my Investec by Raisin account which is only at 0.95 percent, but am entitled to a £50 bonus if £10k is kept for a minimum of 6 months. If my maths are correct, I'm best off keeping these funds in place until the bonus is paid. 

I’m in the same situation.  My 6 months is up early May, and I believe I should get the £50 bonus within 2 weeks of the end of the 6 months.