The New Top Easy Access Savings Discussion Area

csw5780

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

This has been discussed extensively over on the RS thread
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1633 👍🏻

Bobblehat

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

Welcome to the club of people waiting for the apparently non-existent T&C's! To save you reading through pages and pages on that thread ....

It's easy access with no restrictions on withdrawals, but it may take a day to receive the funds if withdrawn after 1pm. Minimum balance is £1, you can change whether Annual or Monthly(4.89%) EP and have the EP paid out to your linked account or back into the EA account. You can only deposit from your linked account up to a max of £250K total.

Essentially Gatehouse CS said its just like their regular Easy Access account. Think that covers most of the main points.

Edit: To deposit, use the ERG account code as the reference. You don't get a 9 digit reference number because the account is converted from the RS rather than one you applied for, so no 9 digit code, just the ERG code.

flaneurs_lobster

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. 

Bobblehat

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 

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.