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  • FIRST POST
    • zilla6
    • By zilla6 8th Apr 18, 10:12 AM
    • 21Posts
    • 2Thanks
    zilla6
    Bank of Cyprus online easy access account
    • #1
    • 8th Apr 18, 10:12 AM
    Bank of Cyprus online easy access account 8th Apr 18 at 10:12 AM
    Does anyone have any experience with this?
    I've checked the trust pilot reviews and they are all poor or bad. There are no good reviews at all.

    It is advertising @ 1.2% with a year's bonus.
Page 2
    • zilla6
    • By zilla6 8th Apr 18, 4:18 PM
    • 21 Posts
    • 2 Thanks
    zilla6
    At least they allow telephone withdrawals. So although it is an internet saver, it's not entirely restricted to the internet. Do you know if withdrawals to your non Tesco account are paid the same day or only on the following day, as is the case with Ford Money?

    Now have to choose between Tesco and maybe Ford Money.
    • RG2015
    • By RG2015 8th Apr 18, 4:28 PM
    • 1,126 Posts
    • 675 Thanks
    RG2015
    Do you know if withdrawals to your non Tesco account are paid the same day or only on the following day, as is the case with Ford Money?
    Originally posted by zilla6
    Sorry, I don't. I always transfer to my Tesco Bank current account first and then use Faster Payments.
    • ColdIron
    • By ColdIron 8th Apr 18, 5:06 PM
    • 4,046 Posts
    • 4,999 Thanks
    ColdIron
    Tesco are fast, generally instant
    • zilla6
    • By zilla6 8th Apr 18, 6:12 PM
    • 21 Posts
    • 2 Thanks
    zilla6
    No, six at the same time. I currently have three.
    Originally posted by RG2015
    Just curious, what are the advantages of having more than one account?
    • RG2015
    • By RG2015 8th Apr 18, 6:32 PM
    • 1,126 Posts
    • 675 Thanks
    RG2015
    Just curious, what are the advantages of having more than one account?
    Originally posted by zilla6
    The bonus only runs for twelve months so having other accounts opened at later dates extends the bonus period. My 1.35% expires in November 2018 but I now have a 1.30% that runs to March 2019.

    If rates change up in the next few months I may open another.
    • Neil Jones
    • By Neil Jones 8th Apr 18, 9:15 PM
    • 1,235 Posts
    • 715 Thanks
    Neil Jones
    I was one of the lucky ones that got (and still has) the 1.55% rate from Bank of Cyprus.

    It works fine. Transfers out are normally quickly through the working day but sometimes a bit slower out of normal hours - however usually within the "2 hour payment window". Worse case was an overnight wait but that's the exception rather than the rule.

    I'm happy with them.
    • jimjames
    • By jimjames 8th Apr 18, 9:21 PM
    • 12,548 Posts
    • 11,180 Thanks
    jimjames
    Does anyone have any experience with this?
    I've checked the trust pilot reviews and they are all poor or bad. There are no good reviews at all.

    It is advertising @ 1.2% with a year's bonus.
    Originally posted by zilla6
    When Tesco bank pays 1.3% I'm not sure why you'd bother with one with poor reviews and lower rate
    Remember the saying: if it looks too good to be true it almost certainly is.
    • jimjames
    • By jimjames 8th Apr 18, 9:22 PM
    • 12,548 Posts
    • 11,180 Thanks
    jimjames
    I always transfer to my Tesco Bank current account first.
    Originally posted by RG2015
    Absolutely. When it pays 3% it's a no brainer to have one too
    Remember the saying: if it looks too good to be true it almost certainly is.
    • RG2015
    • By RG2015 8th Apr 18, 11:09 PM
    • 1,126 Posts
    • 675 Thanks
    RG2015
    Absolutely. When it pays 3% it's a no brainer to have one too
    Originally posted by jimjames
    Just to clarify, I meant I transfer via my Tesco Bank current account and therefore would not be aware of any payment speed limitations the savings account may have.

    The 3% current account always has exactly 3,000 in it.
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