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    • schiff
    • By schiff 7th Dec 17, 3:38 PM
    • 17,984 Posts
    • 9,370 Thanks
    schiff
    This always impresses me, thank you!

    I've deposited £10,200 since opening the account on 27 June. To be on the safe side I'll deposit a further £300 for a day or two before Christmas. The next 6 months will be straightforward as I'm depositing £1750 a month for regular savers anyway.
    Last edited by schiff; 07-12-2017 at 3:46 PM.
    • hooperman81
    • By hooperman81 28th Dec 17, 5:13 PM
    • 1 Posts
    • 0 Thanks
    hooperman81
    HSBC disaster. I applied to switch accounts online using the switching service. It seemed to be taking some time 'Opened beginning of Nov'. I called them on the 28th of Dec to be told that I needed to have called earlier and that the switching needed to be activated! 'I thought this was all part of the switching service'! I am apparently no longer eligible for the cash back! (30 days from account opening to activation).
    I halted the switch there and then on the phone because my only incentive was to switch for the cashback I asked for my account to be closed. Frankly it has been an absolute waste of my time and theirs. There was no offer of assistance when I explained that I didn't think the switching service activation was clear enough, there was no suggestion of resuming my switch with an offer to honour the cashback. I am extremely disappointed. Maybe I must have missed something in the welcome pack!?? But if anyone were to say it is trouble free, then this is obviously not always the case.
    Last edited by hooperman81; 28-12-2017 at 5:15 PM. Reason: typo
    • JPears
    • By JPears 29th Dec 17, 10:39 AM
    • 3,760 Posts
    • 1,042 Thanks
    JPears
    Anyone know if the MY Offers in the Santander 123 account is being dumped?
    The number of offers in the past 2 months has dropped dramatically. Its usually 2 dozen or more and is now down to 6.
    If it is going then I will be switching to the Lite account.
    If you're new. read The FAQ and Vauban's Guide

    The alleged Ringleader.........
    • fabsaver
    • By fabsaver 29th Dec 17, 11:21 AM
    • 865 Posts
    • 1,369 Thanks
    fabsaver
    Anyone know if the MY Offers in the Santander 123 account is being dumped?
    The number of offers in the past 2 months has dropped dramatically. Its usually 2 dozen or more and is now down to 6.
    If it is going then I will be switching to the Lite account.
    Originally posted by JPears
    I assume you mean the retailer offers? You will still be eligible for these if you switch to the Lite account.
    • JPears
    • By JPears 3rd Jan 18, 2:01 PM
    • 3,760 Posts
    • 1,042 Thanks
    JPears
    Hi. Thanks for reply. Are you sure? They aren't listed in the terms and conditions or benefits, as far as I can see.
    If you're new. read The FAQ and Vauban's Guide

    The alleged Ringleader.........
    • murphydavid
    • By murphydavid 3rd Jan 18, 2:35 PM
    • 585 Posts
    • 131 Thanks
    murphydavid
    Anyone know if the MY Offers in the Santander 123 account is being dumped?
    The number of offers in the past 2 months has dropped dramatically. Its usually 2 dozen or more and is now down to 6.
    If it is going then I will be switching to the Lite account.
    Originally posted by JPears
    That was a service I had never heard of so thanks for posting. I just gave it a try to see what I was missing. They had 2 general offers, both places I'm not likely to visit, and none in my area (Central Surrey). So in part answer to your question. I don't know how many there were but it has dropped down to 2. I may try again at some point but in my case, unless it dramatically bucks up, not worth the effort.
    • fabsaver
    • By fabsaver 3rd Jan 18, 3:06 PM
    • 865 Posts
    • 1,369 Thanks
    fabsaver
    Hi. Thanks for reply. Are you sure? They aren't listed in the terms and conditions or benefits, as far as I can see.
    Originally posted by JPears
    Yes any Santander debit or credit card is eligible. Full details here https://www.santander.co.uk/uk/retailer-offers

    I have the 123 Lite account and use the retailer offers occasionally.

    I agree they don't seem as good as they used to be. The useful supermarkets seem to have been replaced by stores I have no intention of shopping at.
    • Barnby
    • By Barnby 8th Jan 18, 2:07 PM
    • 17 Posts
    • 3 Thanks
    Barnby
    Best Account to earn interest on house sale money for 6 months
    There doesnt seem to be any recommendations to deposit larger sums for an unknown period. I will shortly have some funds for the sale of my property which will not be used for an unknown amount of time. Could be 3,6 or 12 months.
    I have trolled round the local banks etc who just dont seem interested in taking larger sums of money.
    Any suggestions for a safe and interest earning place?

    Thanks in advance
    • badger09
    • By badger09 9th Jan 18, 9:25 AM
    • 6,000 Posts
    • 5,350 Thanks
    badger09
    There doesnt seem to be any recommendations to deposit larger sums for an unknown period. I will shortly have some funds for the sale of my property which will not be used for an unknown amount of time. Could be 3,6 or 12 months.
    I have trolled round the local banks etc who just dont seem interested in taking larger sums of money.
    Any suggestions for a safe and interest earning place?

    Thanks in advance
    Originally posted by Barnby
    Any bank would do but the higher interest paying current accounts pay interest on limited amounts so you would have to spread it around.

    If you want to keep it all together, you would be covered by FSCS protection for 6 months in all the main banks but for ease, have a look at NS&I Income Bonds or Direct Saver for short term

    https://www.nsandi.com/our-products
    • onesixfive
    • By onesixfive 11th Jan 18, 6:44 PM
    • 323 Posts
    • 224 Thanks
    onesixfive
    Just made enquiry with First Direct regarding switching.
    Asked about a joint Current account and 2 x 5% regular savers to simply replace similar at Santander.
    Beware, whilst savings is better deal than 2 x 3% savers @ Santander, and there is a switch incentive £125 on current account, there is no interest paid on the First Direct current account unlike 1.5% on Santander.
    This would mean shuffling more savings from current account elsewhere ??
    • Steve_xx
    • By Steve_xx 11th Jan 18, 10:27 PM
    • 6,540 Posts
    • 2,738 Thanks
    Steve_xx
    Just made enquiry with First Direct regarding switching.
    Asked about a joint Current account and 2 x 5% regular savers to simply replace similar at Santander.
    Beware, whilst savings is better deal than 2 x 3% savers @ Santander, and there is a switch incentive £125 on current account, there is no interest paid on the First Direct current account unlike 1.5% on Santander.
    This would mean shuffling more savings from current account elsewhere ??
    Originally posted by onesixfive
    Yes, but they do have a rather attractive 5% regular saver account that is dependent on the current account.
    • AirlieBird
    • By AirlieBird 12th Jan 18, 5:55 AM
    • 1,037 Posts
    • 846 Thanks
    AirlieBird
    Just made enquiry with First Direct regarding switching.
    Asked about a joint Current account and 2 x 5% regular savers to simply replace similar at Santander.
    Beware, whilst savings is better deal than 2 x 3% savers @ Santander, and there is a switch incentive £125 on current account, there is no interest paid on the First Direct current account unlike 1.5% on Santander.
    This would mean shuffling more savings from current account elsewhere ??
    Originally posted by onesixfive
    If interest on your current account with an attached regular saver is important to you then perhaps Nationwide FlexDirect might be a better consideration. You get 5% on £2,500 for the first year dropping to 1% after the first year, and a 5% instant access regular saver. You can also get £100 if you can find a friend or relative with a Nationwide current or savings account to refer you to switch (they get £100 too).

    Another option might be Lloyds Club where you get 2% on up to £5,000 and access to a 3% instant access regular saver with a higher £400 a month limit and a 2.5% instant access regular saver (standard £250 monthly limit). The account requires deposits totalling £1,500 every month to avoid the £3 monthly fee and 2 DDs to get the interest. Unfortunately there isn't a switching bonus, but the account allows you to choose 1 of 3 lifestyle benefits each year, those being 6 free Cineworld or Vue cinema tickets, a magazine subscription or a Gourmet Society membership.
    Last edited by AirlieBird; 12-01-2018 at 6:09 AM. Reason: Added lloyds option
    • linz
    • By linz 15th Jan 18, 9:07 PM
    • 1,597 Posts
    • 4,380 Thanks
    linz
    Hi,

    I've searched around but I can't find the answer to my question so I figured someone on here may know - I'm thinking of switching my current account from HSBC when I get the final £50 switching bonus next month, to Tesco for the 3% on 3k. I am able to meet the criteria each month (DD's and £750 deposit) for the interest but can anyone who has this account tell me if the interest is paid the following month or is it yearly?

    Many thanks in advance.
    • EachPenny
    • By EachPenny 15th Jan 18, 9:19 PM
    • 5,177 Posts
    • 13,814 Thanks
    EachPenny
    I am able to meet the criteria each month (DD's and £750 deposit) for the interest but can anyone who has this account tell me if the interest is paid the following month or is it yearly?
    Originally posted by linz
    Tesco pay monthly on the anniversary date of account opening. If the account is opened on the 10th then the first interest is paid on the 10th of the following month.
    "In the future, everyone will be rich for 15 minutes"
    • linz
    • By linz 15th Jan 18, 9:31 PM
    • 1,597 Posts
    • 4,380 Thanks
    linz
    Tesco pay monthly on the anniversary date of account opening. If the account is opened on the 10th then the first interest is paid on the 10th of the following month.
    Originally posted by EachPenny
    Thanks. Much appreciated!
    • mgriff5
    • By mgriff5 18th Jan 18, 2:29 PM
    • 49 Posts
    • 88 Thanks
    mgriff5
    do you get Credit Checked if opening a bank account with no overdraft?
    Hi

    I am interesting in doing the switching tarting as detailed in the latest MSE newsletter

    The only thing is, my credit score used to be excellent but it has taken a hammering in the past 12 months due to taking out a larger mortgage (to release equity for house extension) and a personal loan I took out a few weeks ago for a new (2nd-hand) car.

    Any thoughts on whether I should crack on or wait until my score lifts a bit?
    • EachPenny
    • By EachPenny 18th Jan 18, 4:54 PM
    • 5,177 Posts
    • 13,814 Thanks
    EachPenny
    I am interesting in doing the switching tarting as detailed in the latest MSE newsletter

    The only thing is, my credit score used to be excellent but it has taken a hammering in the past 12 months due to taking out a larger mortgage (to release equity for house extension) and a personal loan I took out a few weeks ago for a new (2nd-hand) car.

    Any thoughts on whether I should crack on or wait until my score lifts a bit?
    Originally posted by mgriff5
    The only time I've not been credit checked was when I opened a second account with one bank not long after opening another one with them. Even if you don't want an overdraft you still get checked normally.

    In terms of your 'score' - the advice most people give on the forum is to ignore the made-up number you've been given. This is something you see, but the banks don't.

    Unless you are planning on making more applications for mortgages or loans in the near future then having a search now for a bank account is not likely to make any difference - if you get declined you just need to wait a bit longer and try again. Assuming you've not made lots of credit applications recently then it is unlikely you'll get declined for a current account just based on credit scoring.
    "In the future, everyone will be rich for 15 minutes"
    • madmum8335
    • By madmum8335 2nd Feb 18, 6:13 PM
    • 19 Posts
    • 4 Thanks
    madmum8335
    Has anyone managed to open a Nationwide Flexdirect account online recently?
    I get part way through the application and it says "an error has occurred. Please try again later".
    I've tried 3 times in the last week (I clear my cookies/history every time just in case) but still having issues.

    Thanks
    • bioboybill
    • By bioboybill 2nd Feb 18, 6:32 PM
    • 2,988 Posts
    • 1,366 Thanks
    bioboybill
    Has anyone managed to open a Nationwide Flexdirect account online recently?
    I get part way through the application and it says "an error has occurred. Please try again later".
    I've tried 3 times in the last week (I clear my cookies/history every time just in case) but still having issues.

    Thanks
    Originally posted by madmum8335
    I opened one online about 2 weeks ago. No problems, but already have Flexplus.
    • Jax_in_Witney
    • By Jax_in_Witney 3rd Feb 18, 7:05 PM
    • 1 Posts
    • 0 Thanks
    Jax_in_Witney
    HSBC farce
    HSBC disaster. I applied to switch accounts online using the switching service. It seemed to be taking some time 'Opened beginning of Nov'. I called them on the 28th of Dec to be told that I needed to have called earlier and that the switching needed to be activated! 'I thought this was all part of the switching service'! I am apparently no longer eligible for the cash back! (30 days from account opening to activation).
    I halted the switch there and then on the phone because my only incentive was to switch for the cashback I asked for my account to be closed. Frankly it has been an absolute waste of my time and theirs. There was no offer of assistance when I explained that I didn't think the switching service activation was clear enough, there was no suggestion of resuming my switch with an offer to honour the cashback. I am extremely disappointed. Maybe I must have missed something in the welcome pack!?? But if anyone were to say it is trouble free, then this is obviously not always the case.
    Originally posted by hooperman81
    I had this problem about a year ago; HSBC put so many hoops into the system for you to jump through it's not actually possible to complete the 7 day switch in 7 days from when you first apply, and the way they've done it appears to comply with the 7 day switch guarantee, as the 7 days countdown starts AFTER you've completed x, y and z (x, y & z being time-delaying hoops that HSBC put in your way). My experience was that it took a total of just over 30 days (which made me ineligible for the cash back), 3 very inconvenient visits to a branch (one of which took over an hour, when I normally only take 30 minutes lunch break at work) and a couple of trees' worth of paper (not just them giving me a big pile of unnecessary paperwork, but they required me to print out a LOT of past bank statements).

    Having wasted so much of my time and paper, I wrote a very terse complaint letter, and although the reply stated that as per their rules I was definitely not eligible for the cash back (even though it was their multiple delays at processing stuff that made the switch take over 30 days), they did offer me £200 'goodwill gesture' - as that's the same amount as the switching bonus & the 12 month loyalty bonus, I waited until it cleared into my account and did a genuine 7 day switch to TSB, who didn't offer a switching incentive, but their rewards are good and their customer service has been a thousand times better than HSBC!
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