Question about Drip-feeding into regular savers account

Mikeyorks

ricky.patel89 wrote: »

Would it not be considered as an internal transfer as its all with Santander?.

Can't honestly answer that - as Santander seem to defy most accepted logic. It's not something that normally appears in account data - so I think you'll need to ask them (or try one that doesn't matter) and hope you get someone there who actually knows what they're talking about.

there isn't a day I can use in the next 13 months which isn't a weekend at some point in the next year

...... which is why I never use SOs for payments that are time critical - I always Login and do online direct transfers. If you have to use SOs you need to select a date that works for all eventualities ..... or make a note and change the SO date temporarily when it's going to hit a problem.

ricky.patel89

For the regular saver, you have to use a SO, so I'll just change the date when there's going to be a problem. Going back to my original question:


I currently have £1200 in my e-saver. I have a standing order of £250 set-up to be paid into the Regular Saver on the 29th of each month from my Current Account, so I would have to transfer over £250 each month from my e-saver into my Current Account on the 28th of each month.

I save about £400 each month into my e-saver. Would I be better off by having a Standing Order set-up so that the Regular Saver is paid from the e-saver rather then my Santander Current Account? Is this the best way to maximise the interest?

Any thoughts?