Regular savings account verses standard savings account

Middle_of_the_Road

mebu60 said:

Middle_of_the_Road said:

contumeliouscurmudgeon said:

This is the only post I will make on this forum. I've tried the first two high-interest accounts touted by MSE. I was obliged to supply full personal and banking details to both.

Cygnet Bank's app (1.4/5 stars on Play Store) doesn't work. They didn't send a passcode or QR code, and don't reply to emails - god forbid anything should go wrong with the account.

Plum (whatever) only work with a short list of high street banks. They put this list on the last page of their application process - which is commendably slick, especially compared to Cygnet Bank. Again, sharp practice not encouraging.

Will I try a third time with an MSE recommended account? I don't think so. The resemblance of late-stage capitalism to a collapsing Ponzi scheme becomes ever more apparent.

Bye, everyone.

No worries, just swan off then😊

The pen being mightier than the sword. 

Think he's got a cob on🙄

arthurdick

Thank gawd no mention of a Bic.

flaneurs_lobster

mebu60 said:

Middle_of_the_Road said:

contumeliouscurmudgeon said:

This is the only post I will make on this forum. I've tried the first two high-interest accounts touted by MSE. I was obliged to supply full personal and banking details to both.

Cygnet Bank's app (1.4/5 stars on Play Store) doesn't work. They didn't send a passcode or QR code, and don't reply to emails - god forbid anything should go wrong with the account.

Plum (whatever) only work with a short list of high street banks. They put this list on the last page of their application process - which is commendably slick, especially compared to Cygnet Bank. Again, sharp practice not encouraging.

Will I try a third time with an MSE recommended account? I don't think so. The resemblance of late-stage capitalism to a collapsing Ponzi scheme becomes ever more apparent.

Bye, everyone.

No worries, just swan off then😊

The pen being mightier than the sword. 

...something something cob something.....

Cobbler_tone

contumeliouscurmudgeon said:

Plum (whatever) only work with a short list of high street banks. They put this list on the last page of their application process - which is commendably slick, especially compared to Cygnet Bank. Again, sharp practice not encouraging.

I've just been trying Plum. What a horrible platform. It took a week for any money to arrive and then a really unfriendly user experience. I'm still not 100% sure what it is supposed to be and I'm glad I only put a fiver in it, which is still currently unavailable somewhere. 

I'll stick with my friends at Chase, Zopa, Santander, Nationwide, Nat West and AMEX!

subjecttocontract

friolento said:

allegro120 said:

I wasn't invited to Zopa's offer yet.  If I ever get an invitation I will open the account without delay

Have you put yourself on the waitlist? I got an invite about 10 days after I registered. May have been coincidence, I don't know, worth a try.

Does one need to have a Zopa account already to qualify for this waiting list ?

Cobbler_tone

subjecttocontract said:

friolento said:

allegro120 said:

I wasn't invited to Zopa's offer yet.  If I ever get an invitation I will open the account without delay

Have you put yourself on the waitlist? I got an invite about 10 days after I registered. May have been coincidence, I don't know, worth a try.

Does one need to have a Zopa account already to qualify for this waiting list ?

I got a lovely Zopa "1st edition" debit card arrive in a very fancy sliding box. Some nice marketing.
2% on the current account too, although I probably won't use it. Good for the ISA and regular saver.
I'd had a saving account with them for about 18 months.

flaneurs_lobster

subjecttocontract said:

friolento said:

Have you put yourself on the waitlist? I got an invite about 10 days after I registered. May have been coincidence, I don't know, worth a try.

Does one need to have a Zopa account already to qualify for this waiting list ?

Demonstrably, no. Click on the link.

allegro120

Cobbler_tone said:

subjecttocontract said:

friolento said:

allegro120 said:

I wasn't invited to Zopa's offer yet.  If I ever get an invitation I will open the account without delay

Have you put yourself on the waitlist? I got an invite about 10 days after I registered. May have been coincidence, I don't know, worth a try.

Does one need to have a Zopa account already to qualify for this waiting list ?

I got a lovely Zopa "1st edition" debit card arrive in a very fancy sliding box. Some nice marketing.
2% on the current account too, although I probably won't use it. Good for the ISA and regular saver.
I'd had a saving account with them for about 18 months.

Yes, very colourful  
I'm already reshuffling my direct debits, my two largest ones (Council tax and gas/electric) will go to Zopa soon.

I've been a customer for a long time.  First when they were P2P, made a reasonable profit from that investment, and rejoined when they became a bank and offered best paying easy access.  Their rates didn't stay competitive for long, so my Zopa balance was £0 for a couple of years.  Now I'm back in for regular saver and cash back on direct debits.

Cobbler_tone

Will be looking for the most competitive unrestricted every day saver mid-Jan.
My boosted Chase will drop from 4.5%.

masonic

Cobbler_tone said:

contumeliouscurmudgeon said:

Plum (whatever) only work with a short list of high street banks. They put this list on the last page of their application process - which is commendably slick, especially compared to Cygnet Bank. Again, sharp practice not encouraging.

I've just been trying Plum. What a horrible platform. It took a week for any money to arrive and then a really unfriendly user experience. I'm still not 100% sure what it is supposed to be and I'm glad I only put a fiver in it, which is still currently unavailable somewhere. 

I'll stick with my friends at Chase, Zopa, Santander, Nationwide, Nat West and AMEX!

Plum is a useful source of direct debits for bank switching purposes.