Santander, how many current accounts?

rb10 · 14 September 2011 at 11:32PM

parrydave wrote: »

So if I setup new SO in my LloydsTSB account, they need to have "operated" at least once before I transfer the account?

To be on the safe side, why not set up an annual standing order, with the first date being (say) 18th September. That way it will have gone out once.

parrydave · 14 September 2011 at 11:34PM

parrydave wrote: »

So if I setup new SO in my LloydsTSB account, they need to have "operated" at least once before I transfer the account?

but i have 13 weeks to tranfer to SO across to Santander?

So I can set up my new SO with Lloyds, make sure they are active (i.e. atleast one payment made). Meanwhile open the Santander account, then transfer across the SO's within 13 weeks once they are "active".

Plus of course fund with £1000/month.

Or did I misunderstand?

Don't want to miss the topcashback which ends in 4 days

Thanks

fiesta04 · 14 September 2011 at 11:34PM

I believe that to be the case.

10_66 · 6 November 2011 at 2:30PM

Can anyone tell me how Santander work out their interest, please? I never seem to be able to agree with the interest paid. For example, on my second Preferred current account, my latest interest paid is £7.93 net. The account was opened and credited with £2,500 on 3 October. Interest was paid on 4 November, but I can't make out how they get £7.93 as it doesn't work out at any number of days, ie @ 4.89% monthly on 29 days it should be £7.77, or 30 days it should be £8.04. I can't even work out the number of days for which the interest is calculated.