Santander Regular Saver

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djpailo
djpailo Posts: 550 Forumite
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in Savings & investments
Where can I find a list of what the interest rate was for previous months on this regular saver account? I'm sure it was 5% before, so I reckon my question is, did it change to just 3% on the 18th?

http://www.santander.co.uk/uk/savings/regular-esaver

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  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
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    http://www.santander.co.uk/info/interest-rate-finder


    For those with the original it's still 5% AER...if that's your reason for asking?


    It's Issue 2 that's now paying 3% AER.
  • djpailo
    djpailo Posts: 550 Forumite
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    edited 20 August 2016 at 9:16PM
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    YorkshireBoy wrote: »
    http://www.santander.co.uk/info/interest-rate-finder


    For those with the original it's still 5% AER...if that's your reason for asking?


    It's Issue 2 that's now paying 3% AER.

    Yes sorry. I thought because it said variable they had changed the rate. Well that's good news indeed.

    EDIT: Let me rephrase that. I believed that because the new regular e-saver (issue 2) was only giving 3%, that they had also reduced the rate on the issue 1 savers because those were variable rates.
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
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    djpailo wrote: »
    EDIT: Let me rephrase that. I believed that because the new regular e-saver (issue 2) was only giving 3%, that they had also reduced the rate on the issue 1 savers because those were variable rates.
    You'd know if they had, because they'd have given you 2 months notice in writing.
  • 2010
    2010 Posts: 5,370 Forumite
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    Is it still worth opening at 3%?
  • Ballard
    Ballard Posts: 2,855 Forumite
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    2010 wrote: »
    Is it still worth opening at 3%?

    On the face of it, yes, but it's not going to make you rich. A basic calculation shows that it'll pay roughly £36 for the £200 per month for a year.

    If nothing else changes I'm not sure whether I'll bother to renew if it means phoning Santander again but if I can do it online I probably will.
    I hate verisimilitude.
  • 2010
    2010 Posts: 5,370 Forumite
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    Ballard wrote: »
    I'm not sure whether I'll bother to renew if it means phoning Santander again but if I can do it online I probably will.

    Yes, just noticed that you can`t do it online, so I won`t bother.
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