The New Top Easy Access Savings Discussion Area

flaneurs_lobster

MichaelAP said:

flaneurs_lobster said:

MichaelAP said:

The £20k max can not be overridden both within the App or Online. The max allowed you can set is £20k as @Rheumatoid mentions.

It says in can be overrdden in the app FAQ (please forgive shonky picture, app doesn't allow screenshots)

I have no idea where you saw that screen? There is nothing within the NatWest app that I can find which shows what you have provided.
As @Rheumatoid mentions even with biometrics approved you still cannot increase above the daily max of 20k. 

OK, it's a fair cop.

That screen doesn't exist in the NatWest app, I cobbled it together in Notepad for my own amusement and just to confuse people.

Seriously, could be they only open that functionality up to select customers? I do remember that it was well buried.

Home screen/Payments/Payment settings/Payment controls/Payment limits/Help (the question mark in a circle top right)/FAQ #2

tg99

Hi, my Santander edge saver is about to hit the 12 months and lose the bonus so rate drops to 4.00%. To get the full 6.00% rate again inc bonus is it easiest just to close the account then open a new one online? Is there a function to allow you to close or is it something have to call or go on live chat to do? Thks 

allegro120

tg99 said:

Hi, my Santander edge saver is about to hit the 12 months and lose the bonus so rate drops to 4.00%. To get the full 6.00% rate again inc bonus is it easiest just to close the account then open a new one online? Is there a function to allow you to close or is it something have to call or go on live chat to do? Thks 

1. Reduce balance to zero
2. Close the account via live chat (type “close account” and follow instructions)

3. Wait for few days until the account disappears from view (accrued interest will be paid into Santander current account of your choice)
4. Open new account.

gwapenut

Rheumatoid said:

gt94sss2 said:

https://www.natwest.com/support-centre/general-banking-information/general/what-are-the-payment-limits.html

I would love to get this to work but it doesn't. I am barred from payments over 20k a day even with biometrics as stated above.

Me too, for their sister bank Ulster. I didn't try to get them to honour their help pages as it wasn't important enough to me.

pazza2000

Are Cahoot transfers out instant?

flaneurs_lobster

pazza2000 said:

Are Cahoot transfers out instant?

By Faster Payment? Yes.

refluxer

13zero8 said:

masonic said:

13zero8 said:

refluxer said:

13zero8 said:

I'll be withdrawing the remaining balance tomorrow. Didn't want to withdraw the full 91k in one day because my nominated account has a daily 50k transfer limit. 

Daily transfer limits would normally apply to withdrawals from that account, not deposits ?

I know I made a stupid error in my interest calc, but I'm not so stupid that I don't know that 😉

Bearing in mind the whole point is to move money into a higher interest account, and this requires bouncing the money off a nominated account.... 

Correct, I could have withdrawn from Atom (and successfully received in my nominated account) the full 91k in one go, but as my nominated account has a daily PAYMENT limit of 50k, I wouldn't have been able to transfer (on the same day) more than 50k of those received funds into the higher rate savings account I want to move the money into, so I decided to split it and withdraw over two days.

Please don't tell me I've got that wrong too and have been wasting years of my life making multiple times the number of transfers I needed to... 😁

Wow, refluxer was only asking. Not everyone will find something as obvious as you do.

Eh? My tongue was firmly in my cheek in my first and last paragraphs. There was no dig at him/her... If anything the dig was at myself. 

Yes - you're right, I should have realised what the issue was but you hadn't mentioned wanting to move the money on beyond your nominated account and misunderstandings about banking transaction limits aren't unheard of on the forum, hence my gentle prompt for more information

I know you've presumably sorted this now, but another way round the issue is to have a nominated account that pays a decent interest rate like a boosted Chase Saver, although Chase do have daily limits for online payments that are lower than some other banks which may be an issue when moving larger sums elsewhere (£25k is the default but mine is £35k).

SnowMan

Cahoot Simple Saver issue 10 paying 4.55% AER no longer available. Replaced by Cahoot Simple Saver issue 11 paying 4.4% AER.

https://www.cahoot.com/products-and-services/cahoot-simple-saver 

tightbloke61

The Sunny Saver won't be far behind being cut I think, currently @ 5% AER,  4.89% Gross

janusd

SnowMan said:

Cahoot Simple Saver issue 10 paying 4.55% AER no longer available. Replaced by Cahoot Simple Saver issue 11 paying 4.4% AER.

https://www.cahoot.com/products-and-services/cahoot-simple-saver 

it had to happen eventually - I can report the upgrade option still works as I upgraded my Issue 9 (paying 4.41%) to another Sunny Day Saver (put £3k in) and then opened an Issue 11 (put £1 in) - both are reporting the correct rates on the site and in the app (though they were before funding too).

tightbloke61 said:

The Sunny Saver won't be far behind being cut I think, currently @ 5% AER,  4.89% Gross

hopefully not before the 13th as I have a bond maturing then - even if an Issue 6 paying 4.75% or similar is launched, that's still far more than i'm getting with the bond.