The New Top Easy Access Savings Discussion Area

Middle_of_the_Road

https://forums.moneysavingexpert.com/discussion/comment/82070329#Comment_82070329

Not sure if I follow your argument. It seems 77% of over 65s use smart phones. Did you not say elderly people were unlikely to be prolific users?

gpman

https://forums.moneysavingexpert.com/discussion/comment/82070385#Comment_82070385

Not quite.

77% of those aged 65+ who use a mobile phone, use a smartphone.

I don't have a survey to hand that compares by age group those who use a mobile phone, but just take a look down any high street and you can probably make a good guess. Even if you are not with me on that particular point, it doesn't make much difference to the thrust of my argument. (unless you believe a greater percentage of over 65s own a mobile phone compared to say 18-24 year olds)

What I said, in the context that asked if the Saga account was only open to over 50s (to which you will see the answer is no, although Saga claim their account is designed for those aged over 50), was that I suggested a smartphone or camera enabled tablet (needed for the ID verification part of the application) would not be so commonly held by the 50+ age groups. i.e. compared to those 18+.

Middle_of_the_Road

https://forums.moneysavingexpert.com/discussion/comment/82070423#Comment_82070423

Agreed, but many will, going by those statistics.

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82070292#Comment_82070292

I’d suggest the over 70s or 80s are perhaps less likely to have a smartphone or camera enabled tablet, having been over 50 or 60 when that stuff started and taken a ‘if it’s not broken don’t fix it’ approach. My late 60s parents have those things and I doubt they’d manage to get an application through by themselves, as they use them for basic things like Google and calls/texts, but that’s easily solved with a little help.

The bigger problem may be the ID - those with a longstanding address and still under 70 will have a paper driving licence, as they were still issuing them until 2000, or no licence at all if health reasons mean they can no longer drive. A passport is more expensive to maintain so those with no intention to travel may not bother.

Not sure when it happened but Skipton Member Easy Access Saver now NLA.

p1ston

https://forums.moneysavingexpert.com/discussion/comment/82068904#Comment_82068904

Are payments out instant?

ToastLady

Mobile smart phones over 50 yrs.

All of my many friends over 60 use a smart phone, don't know a single one who doesn't. My Mum uses one and she's 90, not my Dad though who is 93, he is hopeless on one, but can easily manage tablet and laptop. I'm quite happy to use mobile with banking apps, but do use websites too. I think most of us older ones now grew up with technology, so have been able to adapt better than perhaps someone of 50+ 40-50 years ago.

mebu60

https://forums.moneysavingexpert.com/discussion/comment/82070493#Comment_82070493

Don't know. As it would take me 50 working days to withdraw my £1m I didn't bother applying. Even though I am way past 50 and have a smartphone thingy.

gpman

@soulsaver

Skipton Member EA 4.25% 12mths Min£1 (22/06) £10k max

NLA

ETA: Thanks and apologies to @Kim_13 who I now see posted this earlier today

mon3ysav3r

https://forums.moneysavingexpert.com/discussion/comment/82070167#Comment_82070167

Saga EA 4.5% Saver

Update to my own post, I notice in their online portal it says "Contact us via chat if you need to access more money [than the 20K a day]"

Also it looks like you can only fund Saga EA from your nominated linked bank account, I tried a faster payment in from another account and it was returned, no text, email or other communication yet telling me why.

BreakingGlass

https://forums.moneysavingexpert.com/discussion/comment/82070493#Comment_82070493

Yes, I made one earlier today. (Referring to the new Saga EA account, in case anyone has lost track!)