The New Top Easy Access Savings Discussion Area

1spiral

https://forums.moneysavingexpert.com/discussion/comment/82096986#Comment_82096986

I only made the comment as it is a very unusual, (I've never come across it before) condition. Most accounts that have a withdrawal limit have a time fixed in the day when the clock resets. It must be a very unique software that counts down the hours for each individual as to when they can withdraw further funds.

gt94sss2

https://forums.moneysavingexpert.com/discussion/comment/82097361#Comment_82097361

Santander operates the same way when calculating how much you can withdraw.

1spiral

https://forums.moneysavingexpert.com/discussion/comment/82097496#Comment_82097496

Interesting. I had an account with Santander a few years back but never noticed this. Do Cahoot also operate this system (although much less likely to be an issue as they have a 100K daily withdrawal limit)?

gt94sss2

https://forums.moneysavingexpert.com/discussion/comment/82097691#Comment_82097691

Yes, both Cahoot and Santander do the same.

The only difference between the two is Cahoot have a online transaction limit of £24,999.99 for some reason, while Santander is £25k

DRS1

https://forums.moneysavingexpert.com/discussion/comment/82097717#Comment_82097717

Some kind assistant in Santander explained to me once how the £25k limit worked. He seemed to say that it was a limit per transaction and that you could do up to 4 such transactions in a day (although the last might have to be for a little less than £25k so you didn't hit £100k).

lon_don

Why does the NatWest Group multiply these separate "sideline" savings-only accounts (Saga, First Active) instead of simply proposing the same savings account with similar attractive instant access rate (4.50%) under their own brand (NatWest, RBS, or Ulster) ?

castle96

My SimpleSaver shows 4.32. Cant find an 'upgrade' button ???

castle96

confused the hell out of me…Saga… Saga NW… Goldman Sachs…..

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82098217#Comment_82098217

Marketing, innit (or rather the lack thereof).

Probably wants to keep the main brands for their current account/credit card and ancillary offerings.

Saga has its own legacy branding/loyalty and that has value as a stand-alone,

Not really sure where First Active sits, other than a legacy brand from its origins in 1860's Dublin.

jaypers

https://forums.moneysavingexpert.com/discussion/comment/82098220#Comment_82098220

It’s on the main screen where your accounts are listed on the right. Not there if you go into any of the accounts.