The New Top Easy Access Savings Discussion Area

Mr._H_2

SeriousHoax said:

Hi, what are the transfer times like from Monument for making withdrawals?

My experience using the iOS Monument app to initiate transfer from Monument Easy Access savings account to a Santander Current Account: instantaneous. Only weekdays tested so far.

flaneurs_lobster

Bobblehat said:

flaneurs_lobster said:

qsk said:

My Gatehouse house regular saver matures into an "Easy Access Regular Saver Is1" with 5%. I couldn't find TC for it. Anyone know if it's Easy Access (without monthly limit) or Regular Saver (with  monthlylimit)? The name has both

Nobody knows! Most people have assumed that it's an Easy Access with the same T&C's as their existing EA account but with a higher Expected Profit Rate. 

My comments are not quite an assumption .... but admit that verbals from Gatehouse CS are a poor substitute for written/published real T&C's 

Sorry, cross-posted.

allegro120

Bobblehat said:

flaneurs_lobster said:

qsk said:

My Gatehouse house regular saver matures into an "Easy Access Regular Saver Is1" with 5%. I couldn't find TC for it. Anyone know if it's Easy Access (without monthly limit) or Regular Saver (with  monthlylimit)? The name has both

Nobody knows! Most people have assumed that it's an Easy Access with the same T&C's as their existing EA account but with a higher Expected Profit Rate. 

My comments are not quite an assumption .... but admit that verbals from Gatehouse CS are a poor substitute for written/published real T&C's 

Good enough if you combine verbals from CS with reports on here. Withdrawals and deposits have been tested, works like a normal EA account. I think the name “EARS” is very misleading, they should have thought of a better title. RS associates with monthly limits for deposits, I’ve never heard of RS that allows unlimited deposits. 

dgpur

allegro120 said:

Bobblehat said:

flaneurs_lobster said:

qsk said:

My Gatehouse house regular saver matures into an "Easy Access Regular Saver Is1" with 5%. I couldn't find TC for it. Anyone know if it's Easy Access (without monthly limit) or Regular Saver (with  monthlylimit)? The name has both

Nobody knows! Most people have assumed that it's an Easy Access with the same T&C's as their existing EA account but with a higher Expected Profit Rate. 

My comments are not quite an assumption .... but admit that verbals from Gatehouse CS are a poor substitute for written/published real T&C's 

Good enough if you combine verbals from CS with reports on here. Withdrawals and deposits have been tested, works like a normal EA account. I think the name “EARS” is very misleading, they should have thought of a better title. RS associates with monthly limits for deposits, I’ve never heard of RS that allows unlimited deposits. 

What I would still like to know is if the interest comes monthly or annually. There’s a choice for their standard EA account, but no way off checking or changing for this one.

Bobblehat

dgpur said:

allegro120 said:

Bobblehat said:

flaneurs_lobster said:

qsk said:

My Gatehouse house regular saver matures into an "Easy Access Regular Saver Is1" with 5%. I couldn't find TC for it. Anyone know if it's Easy Access (without monthly limit) or Regular Saver (with  monthlylimit)? The name has both

Nobody knows! Most people have assumed that it's an Easy Access with the same T&C's as their existing EA account but with a higher Expected Profit Rate. 

My comments are not quite an assumption .... but admit that verbals from Gatehouse CS are a poor substitute for written/published real T&C's 

Good enough if you combine verbals from CS with reports on here. Withdrawals and deposits have been tested, works like a normal EA account. I think the name “EARS” is very misleading, they should have thought of a better title. RS associates with monthly limits for deposits, I’ve never heard of RS that allows unlimited deposits. 

What I would still like to know is if the interest comes monthly or annually. There’s a choice for their standard EA account, but no way off checking or changing for this one.

It's initially set up as Annual, but you can change it to Monthly. You can also change where the EP is paid.

This is using online banking (no idea for apps!) ....

Go to "Account Options" under the account in question. Click "Account Details". At the end on the line with "Profit Instructions there should be an "Amend button". Click it and choose your options!

The above is for my ERG account online ..... if it doesn't show for you, you'll have to get in touch with them!

schiff

Gatehouse
I've had reply this evening to a secure message I sent about the lack of a T&Cs fact sheet for the recently debuted RS EA. They are aware of the problem, a fact sheet will be prepared and issued to all holders. No time scale offered.

dgpur

Bobblehat said:

dgpur said:

allegro120 said:

Bobblehat said:

flaneurs_lobster said:

qsk said:

My Gatehouse house regular saver matures into an "Easy Access Regular Saver Is1" with 5%. I couldn't find TC for it. Anyone know if it's Easy Access (without monthly limit) or Regular Saver (with  monthlylimit)? The name has both

Nobody knows! Most people have assumed that it's an Easy Access with the same T&C's as their existing EA account but with a higher Expected Profit Rate. 

My comments are not quite an assumption .... but admit that verbals from Gatehouse CS are a poor substitute for written/published real T&C's 

Good enough if you combine verbals from CS with reports on here. Withdrawals and deposits have been tested, works like a normal EA account. I think the name “EARS” is very misleading, they should have thought of a better title. RS associates with monthly limits for deposits, I’ve never heard of RS that allows unlimited deposits. 

What I would still like to know is if the interest comes monthly or annually. There’s a choice for their standard EA account, but no way off checking or changing for this one.

It's initially set up as Annual, but you can change it to Monthly. You can also change where the EP is paid.

This is using online banking (no idea for apps!) ....

Go to "Account Options" under the account in question. Click "Account Details". At the end on the line with "Profit Instructions there should be an "Amend button". Click it and choose your options!

The above is for my ERG account online ..... if it doesn't show for you, you'll have to get in touch with them!

Thank you! That’s been very helpful.

where_are_we

To be clear - the Gatehouse ERG @5% EPR easy access account was only available as a maturity product when their 7% RS matured at the end of last month. Their easy access account @4.6 EPR is available to everyone.

BestSeagull

allegro120 said:

Bobblehat said:

flaneurs_lobster said:

qsk said:

My Gatehouse house regular saver matures into an "Easy Access Regular Saver Is1" with 5%. I couldn't find TC for it. Anyone know if it's Easy Access (without monthly limit) or Regular Saver (with  monthlylimit)? The name has both

Nobody knows! Most people have assumed that it's an Easy Access with the same T&C's as their existing EA account but with a higher Expected Profit Rate. 

My comments are not quite an assumption .... but admit that verbals from Gatehouse CS are a poor substitute for written/published real T&C's 

Good enough if you combine verbals from CS with reports on here. Withdrawals and deposits have been tested, works like a normal EA account. I think the name “EARS” is very misleading, they should have thought of a better title. RS associates with monthly limits for deposits, I’ve never heard of RS that allows unlimited deposits. 

At 5% for EA I don't care what they call it!  

Bridlington1

Just a reminder the Skipton interest rate cuts come into effect today. These include the following NLA accounts:

FA Bonus Saver from 4.95% to 4.7%
Member Bonus Saver from 5.25% to 5%

Additionally the YBS Online Rainy Day Account Issue 2 reduces from 4.8% to 4.55% tomorrow.