Best savings account?

See a few mentions of T212 Cash ISA use in here, I assume it's a fairly reasonable one and not likely to cause any major headaches for me if I was to set myself up on it? Need to find somewhere now the decent rate on my savings account has ended.
 
Dano said:
See a few mentions of T212 Cash ISA use in here, I assume it's a fairly reasonable one and not likely to cause any major headaches for me if I was to set myself up on it? Need to find somewhere now the decent rate on my savings account has ended.
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It's 5.2% AER with interest paid daily, flexible, easy access and protected with FSCS coverage.

Pretty much market leading in most regards. Biggest headache is withdrawals can take a couple of days.
 
Dano said:
See a few mentions of T212 Cash ISA use in here, I assume it's a fairly reasonable one and not likely to cause any major headaches for me if I was to set myself up on it? Need to find somewhere now the decent rate on my savings account has ended.
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it took over 4 weeks for them to transfer my old isa to them, 3 of the weeks my money was in the ether.. my old isa was closed down with the money out and t212 registered as it been paid in till three weeks later.

Also they have suspended the ability to do isa transfers at the moment as they have a massive backlog..

I guess it's fine if you want to do new cash, I used them for a general investment account and the money is in my account within seconds of the transfer. But if got a old isa that you want to transfer and the rates are close to T212s rates, you might want to just wait until they are less busy but we don't know what the rates will be like at that point.
 
Disco_P said:
It's 5.2% AER with interest paid daily, flexible, easy access and protected with FSCS coverage.

Pretty much market leading in most regards. Biggest headache is withdrawals can take a couple of days.
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Which is a massive no for many people. Withdraw speed is horrendous. Chip is the next nearest at 5.1% and instant withdrawals.
 
slinxy said:
it took over 4 weeks for them to transfer my old isa to them, 3 of the weeks my money was in the ether.. my old isa was closed down with the money out and t212 registered as it been paid in till three weeks later.

Also they have suspended the ability to do isa transfers at the moment as they have a massive backlog..

I guess it's fine if you want to do new cash, I used them for a general investment account and the money is in my account within seconds of the transfer. But if got a old isa that you want to transfer and the rates are close to T212s rates, you might want to just wait until they are less busy but we don't know what the rates will be like at that point.
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I would say its highly likely its not T212 at fault here. Ive been transferring ISAs for years and every delay I have seen has been at the hands of the party having to close the ISA, not the one receiving it.
I moved from ZOPA a month or so ago, ZOPA had it recorded and had "transfer agreed" as the status for around two weeks. Finally one day the balance was zero and a few hours later I had the message from T212 that it had arrived.

They did suspend the ISA transfer service for around a week around three weeks ago, but it was open again about two weeks ago as I then transferred my Vanguard one.*
Well I say that, again its just sitting there in Vanguard with them seemingly deciding how long they will sit there before they have to take some action.

*Its quite unusual and great service for a financial services company to realise they are going to struggle and stop taking on more transactions! More should do the same.

MatsyLR said:
Which is a massive no for many people. Withdraw speed is horrendous. Chip is the next nearest at 5.1% and instant withdrawals.
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Its a bizarre thing IMO to worry about 1-3 days on investments. Plenty of people will sign up for accounts they cannot touch for 3,6,9,12 or even more months.

If you want absolute certainty in regards money being available super fast you should keep it with the same entity you would need to pay it from.
 
Mercenary Keyboard Warrior said:
I would say its highly likely its not T212 at fault here. Ive been transferring ISAs for years and every delay I have seen has been at the hands of the party having to close the ISA, not the one receiving it.
I moved from ZOPA a month or so ago, ZOPA had it recorded and had "transfer agreed" as the status for around two weeks. Finally one day the balance was zero and a few hours later I had the message from T212 that it had arrived.

They did suspend the ISA transfer service for around a week around three weeks ago, but it was open again about two weeks ago as I then transferred my Vanguard one.*
Well I say that, again its just sitting there in Vanguard with them seemingly deciding how long they will sit there before they have to take some action.

*Its quite unusual and great service for a financial services company to realise they are going to struggle and stop taking on more transactions! More should do the same.
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I'm not sure on this one tbh... from the looks of it T212 are just proxy the amount to morgan stanley all under their name under the same or a few account account. It's not like I have my own account in my own name with them... (well I do but that's different thing for shares), and I think they are having issues either recording the payments as they come in or splitting it up each of the T212 users and recording it in their account.
 
MatsyLR said:
Which is a massive no for many people. Withdraw speed is horrendous. Chip is the next nearest at 5.1% and instant withdrawals.
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It's a massive no for people who keep £20 in the current account.
Mercenary Keyboard Warrior said:
If you want absolute certainty in regards money being available super fast you should keep it with the same entity you would need to pay it from.
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Which is still possible with T212 as moving money into the GIA for spending on their card is instant.

Only thing you can't do on a dime is a bank transfer so I keep a chunk of change in a chase saver for that.
 
Barclays are axing their blue rewards cashback next month.

Basically I would get £5 and £1.50 on my account because I had two DD and a mortgage account with them. This basically paid for the £5 a month sub and with it I would get £20 a month on my 5 grand. Missus the same so essentially getting £40 a month for doing nothing.

Barclays are replacing this with free major league soccer and apple+ TV which doesn't interest me at all. I believe Barclays need to be punished by this so I am going to teach them a lesson and cancel both blue rewards.

Is there anything else alternative to Barclays rainy day saver?
 
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Yeah same, will be getting rid of the entire thing as well come september.

For me I'll probably open the 5% simple saver with Moneybox as I already have a LISA with them, plus it's 5% up to £85k but only 1 withdrawal per moth allowed.
 
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Just came on here to see what others are moving their blue rewards to. No interest in Apple TV and even less interest in MLS, I don't think they could pay me to watch it. The barclaycard freedom rewards has been changed to a standard cashback card but it has fee free international spending so will probably keep that for now.
 
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