The New Top Easy Access Savings Discussion Area

clairec666

hoppy2 said:

Am I reading this correctly with the zopa account? I funded it on the 21st (yesterday) so I would now be required to fund it again with £500 between 22nd November to the 21st of December to keep the bonus?

Yes, that sounds right. The app helpfully tells you how much you still need to deposit and when.

refluxer

hoppy2 said:

Am I reading this correctly with the zopa account? I funded it on the 21st (yesterday) so I would now be required to fund it again with £500 between 22nd November to the 21st of December to keep the bonus?

If you click on your 4.75% Access pots, it'll tell you the deadline for your next payment if you haven't yet qualified for the bonus for next month. If you have qualified, you can click on the right-arrow and get more information on the scheme.

I added £500 yesterday (21st), unlocked the bonus today (22nd) after updating the app and the deadline for qualifying next month was the 22nd Nov, which I met simply by funding the Access pot today with additional deposits via the Biscuit current account. 

dcs34

Zopa 4.75% Access Pot

Does anyone know the maximum daily transaction limit with Zopa - I think it's £10k per day, although their website has a few different limits depending on which page I look at. This is for online / in-app transfers from the savings pot, to an external current account (presumably via the Zopa current account).

The £10k limit would make using this account to fund my monthly regular saver / account minimum pay-in process difficult to do. At lease Ulster allows £20k/day instantaneously and without having to transfer via the linked current account. 

Rheumatoid

anyone got an issue with Zopa app bombing out when trying to view primary access pot? I can look at my CA and RS fine but the access pot causes it to crash.

clairec666

dcs34 said:

Zopa 4.75% Access Pot

Does anyone know the maximum daily transaction limit with Zopa - I think it's £10k per day, although their website has a few different limits depending on which page I look at. This is for online / in-app transfers from the savings pot, to an external current account (presumably via the Zopa current account).

The £10k limit would make using this account to fund my monthly regular saver / account minimum pay-in process difficult to do. At lease Ulster allows £20k/day instantaneously and without having to transfer via the linked current account. 

Not sure about daily limits, but you don't have to do transfer everything via the current account, you can go to "Withdraw" in the smart savings hub and transfer out from there.

Assuming from your post that you've got more that £10k circulating between accounts each month? If so Zopa's not ideal (you can't add nicknames for your linked accounts so it's hard to keep track of what's what) but if you do have to spread your payments over 2 days to keep within limits then at least you're getting a decent rate of interest for the extra day the money's sitting in there.

friolento

dcs34 said:

Zopa 4.75% Access Pot

Does anyone know the maximum daily transaction limit with Zopa - I think it's £10k per day, although their website has a few different limits depending on which page I look at. This is for online / in-app transfers from the savings pot, to an external current account (presumably via the Zopa current account).

The £10k limit would make using this account to fund my monthly regular saver / account minimum pay-in process difficult to do. At lease Ulster allows £20k/day instantaneously and without having to transfer via the linked current account. 

I think it's £10k per rolling 24 hr period, and also max £20k in every rolling 7 day period

Cweb

https://www.zopa.com/help/article/what-transaction-limits-apply-to-my-account

Implies £10k daily is the spending limit for the account. Withdrawal limit to linked bank account appears to be £250k.

tg99

Re Zopa daily withdrawal limit, I’ve previously done c£80k in one transaction from the smart saver to my linked bank account with no issue. This was a year or two ago and not been using the account since until now.

Re Ulster - with biometrics you can do a much higher amount than £20k. It used to be £50k but I was recently told when speaking to them that this limit was now £200k though not tested it and have been told incorrect info by Ulster before. With the higher value withdrawals above £20k there are however restrictions on the number of days you can do this per week/month….cant remember exactly what they are.

s71hj

Can someone remind me why Cahoot Sunny day savers sometimes show an interest rate of 0%. I know I read a reason for this on here somewhere and it's not a worry but I now can't remember! 

Rheumatoid

tg99 said:

Re Zopa daily withdrawal limit, I’ve previously done c£80k in one transaction from the smart saver to my linked bank account with no issue. This was a year or two ago and not been using the account since until now.

Re Ulster - with biometrics you can do a much higher amount than £20k. It used to be £50k but I was recently told when speaking to them that this limit was now £200k though not tested it and have been told incorrect info by Ulster before. With the higher value withdrawals above £20k there are however restrictions on the number of days you can do this per week/month….cant remember exactly what they are.

People have said this about Natwest as well but I can find no way to pay over 20k even though I have biometrics enabled.