Just signed up via my ipad as using iphone 5 and no iOS 11 looking at it for just the 5% savings
Is there more information on this bond somewhere?
Since itās listed can I assume the value of the bond can go down as well as up and savers are exposed to such fluctuations in value?
The yield is being advertised as 5%. Is this guaranteed even if there are defaults?
Good questions. Really hope that @Rob_dozens is up for answering them - and explaining a bit more about the Dozens business model (how are they going to make money?).
It looks like MailChimp isnāt processing the tags properly.
I personally would not choose to use MailChimp for transactional emails, since any email that has been sent can be accessed by anyone who manages to get into the MailChimp account (even a rogue MailChimp staff member) which isnāt ideal for a bank. I would have thought Dozens would use their own MTA, since itās cheap to set up and much more secureā¦
I defer to your greater knowledge there!
Anyone else have issues getting the scan on your id wouldnt pick mine up for some reason
Yup, it seems a little temperamental
My first attempt was rejected, Iāll try again tomorrow.
Yes it picked up my name, but put my middle name in the first name field Although Iām not sure there is much to do about that, since some people have two first names, without hyphens.
Monzo had teething problems with verification back in the day too, thatās the problem with creating something from scratch. You never know how itāll behave until us humans get our hands on it
Iām on their waiting list, interested to see what they have built. Seems pretty cool that theyāve (judging on screenshots) built roundups and IFTTT before launch.
Just signed up - identify document wasnt detected correctly first time for me either (driving licence) and same issue of email received without clickable links but otherwise seamless onboarding
You automatically become a member once you open an account with them. I have their free account, transfer Ā£1000 in and straight back out to meet the requirements to open a 5% savings account with them. It closes after a year and you get your interest paid then. But you just reopen it straight away, same high interest. Iām on my third year, third savings with them now. They are a great bank, definitely worth it.
Really tempted to sign up just for the 5% savings. Just worried if the bank goes down Iāll lose my money. Also worried about opening multiple accounts
If youāre worried I would look towards Marcus (Goldman Sachs offering for a saving account) as that is much safer
It has a much lower interest rate. Iād be looking at saving small amounts as I donāt have that much money in the first place
I joined the waiting list just before Christmas but havenāt received anything about signing up - should I just join now via the App? I donāt want to lose the bonus for joining though the savings account looks really good though.
Ah fair enough, from what I can find out the bond is held in trust so it should not be too risky
Ok, awesome, thanks!
Iād be using Dozens as only a saving account - would this be fine? I donāt usually like transferring between banks too much.
Thatās literally what my plan is so hopefully itāll be fine
Their recent Instagram posts states that they are FSCS protected (up to Ā£50,000) so it would be fine - although I canāt find anything else other than the Instagram post to suggest the protection