Difficulty opening savings accounts

wmb194

Haras said:

wmb194 said:

Haras said:

I followed the bank's suggestion to open another account of the same type but it wanted me to state how much I would pay in each month. I just want somewhere for some savings to sit but it wouldn't accept that so I had to abandon that option.

Come up with a best guess. If it's zero it's zero. For the accounts I've opened where I've been asked this question it's never ultimately mattered.

I put in zero and was refused.

Okay, put in £100. Which bank/BS?

Section62

wmb194 said:

Haras said:

wmb194 said:

Haras said:

I followed the bank's suggestion to open another account of the same type but it wanted me to state how much I would pay in each month. I just want somewhere for some savings to sit but it wouldn't accept that so I had to abandon that option.

Come up with a best guess. If it's zero it's zero. For the accounts I've opened where I've been asked this question it's never ultimately mattered.

I put in zero and was refused.

Okay, put in £100. Which bank/BS?

It would also help if the OP could clarify whether the question was in the KYC/AML section of the application (in which case the answer within reason doesn't matter too much) or if the account has a minimum monthly funding requirement in which case presumably the answer needs to be at least the minimum.

Haras

35har1old said:

Haras said:

Well, I'm beginning to go round the bend trying to open a savings account!

I had some money in a savings account where the interest rate came to an end. I followed the bank's suggestion to open another account of the same type but it wanted me to state how much I would pay in each month. I just want somewhere for some savings to sit but it wouldn't accept that so I had to abandon that option.

Next I looked on MSE for recommendations and first tried Trading 212. After reading and agreeing to about nine policies, the first of which alone had 53 pages, I got to the point of adding a linked account only to be told that my bank account details were invalid. Well, they work for me so I don't know why they're not recognised.

Then I tried Chip which gives 4.58% which includes a 1.08% bonus for new customers. There is a WELCOME code to enter when signing up. After downloading the app, scanning my passport and videoing myself to prove I'm human, it's only giving me 3.5%. There was nowhere to enter the code to get the bonus. So that account has been deleted.

I've just tried Chase and after about 20 attempts to get my ID photo accepted it told me I had opened a current account. I was trying to open a savings account. Another fail.
 
Can anyone recommend an easy access savings account with a decent interest rate which it is actually possible to open?

With Chase you should now be able to open a savings account.
By the sound of things you won't be paying in £1500 monthly to the current account to get the i% cash back on debit card spends.Unless you circulate the money.
It's quiet easy to transfer between the current account and savings
Transfers between don't count towards the £1500


 

Thanks. I finally worked out what the problem was with Trading 212 and managed to open an account. Chase account now deleted.

eskbanker

Haras said:
I finally worked out what the problem was with Trading 212 and managed to open an account.

What was the problem?

Haras

eskbanker said:

Haras said:
I finally worked out what the problem was with Trading 212 and managed to open an account.

What was the problem?

I'd done something stupid like entering my email address instead of my user name. Doh!