Changes to Reward and Ultimate Reward Accounts

anna42hmr

Nine_Lives wrote: »

I don't think you can set up DDs on the eSaver. I can't even set up SOs on my eSaver. I fund my N+P 4% regular saver from my Santander eSaver & it wouldn't let me do it via SO - i had to set up 12 individual manual payments, or rather 11 as the first one was already done.



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according to post 439 you can, and a link was provided below.
http://www.santander.co.uk/csgs/StaticBS?blobcol=urldata&blobheader=application%2Fpdf&blobkey=id&blobtable=MungoBlobs&blobwhere=1223418328231&cachecontrol=immediate&ssbinary=true&maxage=3600
i have completed mine and posted on wednesday so hopefully it works

YorkshireBoy

Nine_Lives wrote: »

I know you don't say that you do this manually

I do it manually, for 2 reasons:

1. I may as well, since I'm logging in to cream off the interest (and the Rewards up to the point my 2 x DDs start this month), and

2. My 'credits' (eg on LTSB Vantage and using your interest figure) are not all a nice round £1,000...they're £1,000.00, £1,015.51, £1,031.02, and £1,046.53...and I change which account sees the straight £1,000.00 each month. I'm not sure how 'smart' their systems are, but I try to obfuscate matters slightly.

I don't think you can set up DDs on the eSaver.

See my post a couple up from yours above.

innovate

Nine_Lives wrote: »

I don't think you can set up DDs on the eSaver.

You can.

anna42hmr wrote: »

according to post 439 you can, and a link was provided below.
http://www.santander.co.uk/csgs/StaticBS?blobcol=urldata&blobheader=application%2Fpdf&blobkey=id&blobtable=MungoBlobs&blobwhere=1223418328231&cachecontrol=immediate&ssbinary=true&maxage=3600
i have completed mine and posted on wednesday so hopefully it works

That's how.

innovate

You would need the MySave Online Plus if you are set on using Nationwide http://www.nationwide.co.uk/savings/limited_access/mysaveonlineplus/introduction.htm

innovate

I don't know anything that isn't on that link I posted, sorry.

Nine_Lives

adindas wrote: »

I have not found the minimum balance,

For the MySave Plus it's £1.00. The minimum opening is £1,000. Put your £1,000 in, let it clear, take £999 out & there you have it.

I myself am using Tesco Savings & Nationwide MySave Plus to do mine, as is the wife, as is my brother.
My sister on the other hand is using Post Office & Tesco savings.

innovate wrote: »

You can.

That's why i said "think". I wasn't sure, so i didn't try pass it off as fact.

212

Yep you can withdraw £999 of it (minimum balance is £1) but you'd lose your 'free' withdrawal. If you only credit £1 a month then interest will be peanuts anyway regardless.

Looks the same as the post office account to me, apart from the £1k opening.

Be careful though you can't always withdraw your opening deposit straight away, so I wouldn't use any funds you need soon or are being charged to use. Also wouldn't withdraw on the same day - leave it in there for at least 1 overnight update (on a working day)

Nine_Lives

Yup. It wouldn't let me withdraw mine the same day.

Also, true about the losing the free withdrawal, but when the rate is what, 1.something? 1.5%? 1.7%? Not really anything to worry about. All depends whether you've got something better.

I still have my Santander eSaver account giving me 3.2% so i don't care too much about 1.something%. I take it out & put it in my eSaver.

islandgirl8

A quick question for those of you who have opened a Reward account recently. I would like to open one, but plan to remain with the bank I am with. If I select "switch accounts" do they do this automatically to change over all my DDs in my current account, or will they send me a list of DDs to switch over? I plan to change 2 DDs to comply with the new changes, but no more.

Jaqueline_Freeman

We have a Reward bank account with Halifax and are unhappy about loosing the £5 per month if we do not set up 2 direct debits. We live in France and all our direct debits are in euros to French companies so we cannot set up any of those with Halifax. We have offered to set up standing orders but they will not qualify. We have been with Halifax for almost 50 years and would have hoped they would be more reasonable - but no. Mind you I am not surprised as just over 5 years ago we paid in a cheque to the Bromsgrove office for 17,000 and asked them to fast track it. They simply put a 20p stamp on it and sent it off to the wrong address!!! It was lost for about 10 days and they refused to even speak to us during this period. It was not until we rang their press office to complain that they did anything. Just one hour later they rang to say the cheque had been found!!! What a bunch of money grabbing bankers.:mad::mad: