Update! Santander First Home Saver Account: 5% on up to 50k savings (up to 35 only)

ses6jwg

the rate on this is going to drop to 3% and will become instant access, with no cap on monthly contribution. 50k cap still applies.

afmfifgh

How do you know that please? Any idea of dates this will happen?

someone

Thanks for the heads up. I guess we just need to wait for a formal announcement. They do tend to be quite good as sending out a notice of this sort of thing.

demonblade9

ses6jwg wrote: »

the rate on this is going to drop to 3% and will become instant access, with no cap on monthly contribution. 50k cap still applies.

Where did you hear this from?

donkingkong

ses6jwg wrote: »

the rate on this is going to drop to 3% and will become instant access, with no cap on monthly contribution. 50k cap still applies.

If this is the case then it was good while it lasted. Will be awhile before there is anything anywhere near this account.

intalex

ses6jwg wrote: »

the rate on this is going to drop to 3% and will become instant access, with no cap on monthly contribution. 50k cap still applies.

source please?

ses6jwg

12/11/2012

afmfifgh

Thanks for the date. Can you also let us know where you heard this from? Is there a link to anything online about it, I can't seem to find anything.

Shame that the account is going to drop in rate but as someone else said, it was good while it lasted!

someone

afmfifgh wrote: »

Thanks for the date. Can you also let us know where you heard this from? Is there a link to anything online about it, I can't seem to find anything.

Shame that the account is going to drop in rate but as someone else said, it was good while it lasted!

Sometimes people can't talk about where they work (ses6jwg was also correct about 1% cash-back on Santander mortgages before it got launched).

donkingkong

So the question now becomes: What to do with the money once this happens?