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eSaver Issue 3
sorcerer
Posts: 878 Forumite
I have an eSaver Issue 3 with Santander, which is due to mature soon, but I need to know the date in which the interest will be paid, all it says on the website, is that it's paid annually.
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Anniversary of account opening. So if you opened it feb 18th, Interest will be paid feb 19th...0
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I have had the product for 12 months and recently received notification that the rate will change back to the 0.50% on 18th Feb. Just logged on and my interest has been credited on 20th Feb (and it's only the 19th today!). Need to close the account now and open up a new esaver to keep getting the higher interest rate.0
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It says 20th as the 19th doesn't exist in banking terms as it's a Sunday, and banks don't work weekends (even though the doors may be open on Saturdays).0
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Rang them to open the esaver 4 account and it was very easy to transfer from an esaver 3 to esaver 4 over the phone. In fact it was so easy that I am thinking something has to go wrong as it usually does with Santander!0
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Not answering the question, but if you close the account any outstanding interest will be paid. I transferred an ISA with Santander two months before the maturity date, interest was sent over with the transfer.Said Aristippus, “If you would learn to be subservient to the king you would not have to live on lentils.”
Said Diogenes, “Learn to live on lentils and you will not have to be subservient to the king.”[FONT=Verdana, Arial, Helvetica][/FONT]0
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