Kaupthing Edge - is it really so good? Worries about transfer process.

whu

Hi
i have found that if you transfer on a monday it shows up in KE account on thursday just so that you are aware - also interest is credited at the end of the month

Oblivion

Just a thought on this test process for a newly set up account. Wouldn't it be safer to put £2 in and take £1 out leaving a balance of £1 in the account? That way you don't run the risk of some over-zealous bank clerk thinking you've removed 'all' your funds and want the account closed

roddydogs

Are u shore you can open with £1-quoting website its say "Minimum £1,000" ? Plus as you fill in online it says "how much do you want to deposit and the minimum is £1000!

sloughflint

I've been debating whether to go for KE or BM Esaver.
BM Esaver pulls in via DD so no loss of interest inward bound. Only needs to be opened with £1.

whu

roddydogs wrote: »

Are u shore you can open with £1-quoting website its say "Minimum £1,000" ? Plus as you fill in online it says "how much do you want to deposit and the minimum is £1000!

The T%C say that if the balance falls below £1000 you get 0% interest

sloughflint

roddydogs wrote: »

Are u shore you can open with £1-quoting website its say "Minimum £1,000" ? Plus as you fill in online it says "how much do you want to deposit and the minimum is £1000!

KE FAQs:
To obtain the highest interest rate, your balance must never go below £1000. A combined maximum of £1 million may be saved per person across all your accounts.

roddydogs

sloughflint wrote: »

I've been debating whether to go for KE or BM Esaver.
BM Esaver pulls in via DD so no loss of interest inward bound. Only needs to be opened with £1.

I think the guarentee with kaput is better, (to 2012) but im shure ill be corrected
Dont know why its not on Martins list, thou.

roddydogs

sloughflint wrote: »

KE FAQs:
To obtain the highest interest rate, your balance must never go below £1000. A combined maximum of £1 million may be saved per person across all your accounts.

Yes, but im talking about actually opening an a/c, not withdrawing below £1000.

whu

Roddydogs - check out posts 4 and 12

sloughflint

roddydogs wrote: »

Yes, but im talking about actually opening an a/c, not withdrawing below £1000.

T&C 7.1 Account opening
7.1.3 Minimum Combined Balance
If you hold a Savings Account but not a Fixed Term Deposit Account, the required minimum balance on the
Savings Account is £1. However, if you hold a Savings Account and a Fixed Term Deposit Account, there is no
minimum balance for the Savings Account..............
and
12.1.1 Minimum Balance
If you have a Savings Account, but not a Fixed Term Deposit Account, the minimum balance that you can have
in the Savings Account is £1. However, interest will only accrue if the balance in the Savings Account is £1,000
or more. For every calendar day that the balance in the Savings Account goes below £1,000, no interest will
accrue. Please see the Interest Rates section of the Website for further details.