Regular Savings Accounts: The Best Currently Available List!
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I'm not sure why your posts are aimed at me as I wasn't aware I had 'criticised' an account. I think I made it clear it is how I choose to use accounts and I do not think I was 'complaining' about my experience per se.
...another universe, another planet...
Post #6433, before you made it clear what you were doing.
But lets not argue about it, it isn't really the place.:)"In the future, everyone will be rich for 15 minutes"0 -
adindas - it is easy to close an account but you have to ring up to do it, it cannot be done online. They will add any interest owed and transfer it to the new account instantly. In my contact with Tesco I said that it would be better to be able to close an account online and they said they would look into it. However, having to ring to close an account means they can try to persuade you to change your mind especially if you are leaving Tesco altogether0
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And it is only for one year
You are right adindas, it is only for 1 year but if you keep upgrading the account the 1 year starts again. I took my first account out in Jan 17 but by moving each time they bring out a higher rate the 1 year starts again so I am now OK up to Oct 180 -
Yes, ditto #6417. Agree to disagree, and I'll try not to give a view which is counter to your's in future.
My posts seems to have caused offence which was not my intention. Apologies to whoever felt they needed to report me.
I wasn't going to respond to your post yesterday because I felt it wouldn't add value. But in light of your edit and apology I would just like to say that it wasn't me who reported you, and no apology was required. As much as I found some of your side comments like "...another universe, another planet..." unhelpful, I wasn't offended to the point of reporting it.
You should also have no concerns about expressing views counter to mine. Things we say on here are usually a matter of opinion or preference, unless it relates to technical details of accounts. We are all entitled to our views, so long as they are accurate or appropriately qualified.
I said in post #6417 that personally I favour the Tesco account because "it is truly instant access". That is an opinion, which I feel is relevant where the account is used as a feeder to Regular Savers.
For example, if Virgin launched a new RS this afternoon it could be opened and funded from a Tesco IS account within minutes. If the same money was in Ford Money account, since the 2pm deadline has now passed the funds wouldn't be available to transfer into the new Virgin RS until some time on Tuesday, possibly not until close of business. To me that is far from being 'instant' access. Even though the interest loss is marginal.
So I would stand by my opinion that personally I favour the Tesco account because "it is truly instant access" - and the slightly higher interest rate is also currently a factor.
But that, and also nothing I've said, was intended to be a criticism of they way you prefer to do things or your personal choices. All I sought to do was to clarify why your experience of the Tesco IS account was that you couldn't do same day payments, and offer advice if appropriate.
I hope that has cleared things up and we can go back to looking out for the best regular saver accounts "In the future, everyone will be rich for 15 minutes"0 -
Blimey, I better do some housekeeping and close some of the older ones if that is true. I have 5 right now, might need some new ones if their rates improve again.There's a limit of 6 which isn't hard to hit if, like me, you open them at the drop of a hat to chase their best rates
Are you 100% certain 6 is the limit?0 -
I agree in principle - although I have never-ending trouble with the Tesco app. Transfers out to non-Tesco accounts sometimes work, sometimes they don't. I have particular issues with Barclays Bank and Nationwide.Malchester wrote: »I find Tesco IS a true instant access account, never had a problem transferring money to another Tesco account, or to an account outside Tesco immediately.
Tesco have not been able to fix that bug for months. There is a reliable bypass though: transfers from online banking always work like clockwork, including to the accounts the app cannot send any money to.0 -
As certain as I can be. I've asked the question when closing the last 3 accounts and that was the unprompted response each timeArchi_Bald wrote: »Are you 100% certain 6 is the limit?0 -
Any chance that the discussion here could be more focussed on regular savers?
I keep getting excited about a new market beating product when I see the number of replies, only to be disappointed.
I'm sure the discussion of Tesco accounts is worthy of it's own thread0 -
glider3560 wrote: »Any chance that the discussion here could be more focussed on regular savers?
I keep getting excited about a new market beating product when I see the number of replies, only to be disappointed.
I'm sure the discussion of Tesco accounts is worthy of it's own thread
I agree. This thread is about Regular Savers. The clue is in the title. Have a thought for Special Saver 2 who provides a weekly update and has to plough through all these irrelevant posts in the search for the pearl of a new shiny market-leading RS.0 -
Archi_Bald wrote: »Blimey, I better do some housekeeping and close some of the older ones if that is true. I have 5 right now, might need some new ones if their rates improve again.
Are you 100% certain 6 is the limit?
I spoke to T yesterday to close a few accounts and they confirmed the max is 6.Free thinker.:cool:0
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