The New Top Easy Access Savings Discussion Area

mebu60

StayinAlive said:

Tesco Easy Access.

I note 4.3% includes fixed bonus 3.05% for 12 months.

Does anyone know what happens thereafter. Is there a way to renew the bonus? Do you have to close the account (if you don't want a paltry 1.25%) and open again?

If you wanted to stay with Tesco you would need to open another account (which you can do at any time if you want to lock in a particular rate) then close and transfer your 4.3% funds to the new(er) account when the bonus expires. 

wiseonesomeofthetime

mebu60 said:

StayinAlive said:

Tesco Easy Access.

I note 4.3% includes fixed bonus 3.05% for 12 months.

Does anyone know what happens thereafter. Is there a way to renew the bonus? Do you have to close the account (if you don't want a paltry 1.25%) and open again?

If you wanted to stay with Tesco you would need to open another account (which you can do at any time if you want to lock in a particular rate) then close and transfer your 4.3% funds to the new(er) account when the bonus expires. 

I would not recommend transferring all the money across if you are likely to need any access in first few days as I'm pretty sure Tesco prevent it on new accounts.

soulsaver

NanookOfTheNorth said:

@StayinAlive I believe the rate just drops and stays at the base rate.  It looks like the 4.30% Tesco rate drops on 19 March as the base rate drops by 0.10% so the Tesco rate would be 4.20% from 19 March.

But you can get better rates than Tesco 4.30% (4.20% from 19 March) such as Secure Trust Access Account 4.45%

https://www.securetrustbank.com/savings/access-accounts

And others such as Coventry at 4.66%

https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/#easyaccess

Cov BS 4.66% drops to 4.5% 3rd March

janusdesign

Penrith BS Limited Access E-Saver (Issue 1) (NLA) dropping from 4.71% to 4.41% on 17th March.

1spiral

allegro120 said:

gt94sss2 said:

Could someone remind me when Gatehouse credit deposits if made over a weekend? 

Is it the same day or the first working day..?

Weekend deposits arrive on the same day as long as they are made before 1pm. I’ve tested both, Saturdays and Sundays. 

Interesting cos withdrawals seem to exclude weekends.

allegro120

1spiral said:

allegro120 said:

gt94sss2 said:

Could someone remind me when Gatehouse credit deposits if made over a weekend? 

Is it the same day or the first working day..?

Weekend deposits arrive on the same day as long as they are made before 1pm. I’ve tested both, Saturdays and Sundays. 

Interesting cos withdrawals seem to exclude weekends.

Gatehouse
That's right. Weekend withdrawals won't arrive until the next working day.

StayinAlive

"NanookOfTheNorth said:

@StayinAlive I believe the rate just drops and stays at the base rate.  It looks like the 4.30% Tesco rate drops on 19 March as the base rate drops by 0.10% so the Tesco rate would be 4.20% from 19 March.

But you can get better rates than Tesco 4.30% (4.20% from 19 March) such as Secure Trust Access Account 4.45%"

Because I wanted the "instant" access of the Tesco a/c. (I already have Marcus @ 4.3%)

1spiral

allegro120 said:

1spiral said:

allegro120 said:

gt94sss2 said:

Could someone remind me when Gatehouse credit deposits if made over a weekend? 

Is it the same day or the first working day..?

Weekend deposits arrive on the same day as long as they are made before 1pm. I’ve tested both, Saturdays and Sundays. 

Interesting cos withdrawals seem to exclude weekends.

Gatehouse
That's right. Weekend withdrawals won't arrive until the next working day.

Strange way to do it. 

I would've thought more people are likely to want to withdraw at a weekend than deposit (certainly my case as I often need Sunday withdrawals to fund Monday DD's)and you would've thought if they could credit, they could also withdraw . 

Perhaps it's a fraud prevention thing.

jaypers

I’ve got a Charter Fixed Maturing soon. Interestingly, out of the list of possible new accounts as maturity options, it gives ‘Easy Access Issue 47’……think this is a typo and should be ‘57’……..Issue 56 still available paying 4.48%/4.57% and point I wanted to make is that I suspect it’s about to go so if you want it, grab it quickly. Obviously no guarantee how long rate will hold there though.

masonic

1spiral said:

allegro120 said:

1spiral said:

allegro120 said:

gt94sss2 said:

Could someone remind me when Gatehouse credit deposits if made over a weekend? 

Is it the same day or the first working day..?

Weekend deposits arrive on the same day as long as they are made before 1pm. I’ve tested both, Saturdays and Sundays. 

Interesting cos withdrawals seem to exclude weekends.

Gatehouse
That's right. Weekend withdrawals won't arrive until the next working day.

Strange way to do it. 

I would've thought more people are likely to want to withdraw at a weekend than deposit (certainly my case as I often need Sunday withdrawals to fund Monday DD's)and you would've thought if they could credit, they could also withdraw . 

Perhaps it's a fraud prevention thing.

Most likely it's because withdrawals require a manual step and nobody is there to process them at weekends.