The New Top Easy Access Savings Discussion Area

tg99

Scarecrow25 said:

Zopa - I had the same problem, couldn't see the opt in option for the 4.75%.  You may need to update the app - I did, then the option was apparent on either the home screen or the smart savings hub - can't remember which

Thanks, updating app now means can see the offer and have successfully opted in.

TisMeBill

Scarecrow25 said:

Zopa - I had the same problem, couldn't see the opt in option for the 4.75%.  You may need to update the app - I did, then the option was apparent on either the home screen or the smart savings hub - can't remember which

Updating the app worked for me

clairec666

flaneurs_lobster said:

janusd said:

flaneurs_lobster said:

janusd said:

.. of course, having approved the boost, I can no longer see the t&c (or at least not obviously).

...often a problem with Zopa, their T&Cs for particular offers/boosts are far from easy to find. 

EDIT: the terms and Summary Box via the links in the Zopa app

https://www.datocms-assets.com/23873/1760611661-challenge-summary-box-pdf-version.pdf

https://www.zopa.com/bonus-rate-savings-challenge-terms

many thanks for that - it seems it has to be new money (internal transfers don't count), so good to know for future reference.

Easy enough if you already have the 7.1% RS, just move £500 into the CA, move £300 to the RS then move £200 to wherever you like (maybe even the 4.75% Pot).

That's what I was thinking - use it as a holding pot for other regular savers.

francoghezzi

clairec666 said:

flaneurs_lobster said:

janusd said:

flaneurs_lobster said:

janusd said:

.. of course, having approved the boost, I can no longer see the t&c (or at least not obviously).

...often a problem with Zopa, their T&Cs for particular offers/boosts are far from easy to find. 

EDIT: the terms and Summary Box via the links in the Zopa app

https://www.datocms-assets.com/23873/1760611661-challenge-summary-box-pdf-version.pdf

https://www.zopa.com/bonus-rate-savings-challenge-terms

many thanks for that - it seems it has to be new money (internal transfers don't count), so good to know for future reference.

Easy enough if you already have the 7.1% RS, just move £500 into the CA, move £300 to the RS then move £200 to wherever you like (maybe even the 4.75% Pot).

That's what I was thinking - use it as a holding pot for other regular savers.

Good move from Zopa, I have the Chase 4.75% account but this one will give the chance to split the money I'm using to fund the regular savers so as not to keep everything in one nest. 

janusd

@soulsaver
West Brom BS Four Access Saver (Issue 4) - 4.28% AER

• £1 to open, £500,000 max.
• rate drops to 1.65% after more than 4 withdrawals,
• matures on 31st January 2027

ToastLady

Zopa 4.75% SS Boost

Thanks so much The Seer. Had to update Zopa app first,  all up and running now. Perfect timing as Chase boost ending for me on 28th Oct. Been a while since I've used Zopa other than for their RS.

Chaykin

Fairly interesting reading at https://www.zopa.com/savings/easy-access-savings-comparison-methodology where they say that "A typical Zopa customer has £8,239 in an easy access savings". Wonder whey they got that figure from?

flaneurs_lobster

Chaykin said:

Fairly interesting reading at https://www.zopa.com/savings/easy-access-savings-comparison-methodology where they say that "A typical Zopa customer has £8,239 in an easy access savings". Wonder whey they got that figure from?

Add up all the money in easy access pots and divide by the number of customers with easy access pots?

Or do they mean each Zopa customer's holding across all providers? That number would be trickier to acquire.

clairec666

Chaykin said:

Fairly interesting reading at https://www.zopa.com/savings/easy-access-savings-comparison-methodology where they say that "A typical Zopa customer has £8,239 in an easy access savings". Wonder whey they got that figure from?

Presumably they are just referring to Zopa accounts, rather than a Zopa customer's accounts across all banks?

Still, their regular saver at 7.1% probably counts as easy access savings, and even their current account earns 2%, so it's not like people who have thousands in current accounts earning no interest at other banks.

savethepandas

Rheumatoid said:

So can you just pay £500 in and out of the current every month and just pay 80k into the access pot with the bonus and leave it there?

Zopa

Yes, that is correct, lovely timing from Zopa, as my Chase booster runs out on 28th October, so can move 25K each day across.

Initially updated the app, but still couldn't see the 'jammie dodger' on the savings page. My partner had it, but I didn't. Wondered if it was account specific, had an online chat with them. Had to uninstall and then install and the 'jammie dodger' appeared on the savings page.

I got my current account with them, when it was still in beta phase to get the 7.5% RS. Later, all of their current accounts became biscuit accounts. Perhaps the 'jammie dodger' makes more sense now.