123 Regular eSaver

colsten

It's actually more like:
Total interest earned: £98 - £33 from the normal savings & £65 in the regular saver.
If you'd kept the money only in the normal savings account you'd have earned £72 in interest.
Diff: £26

brewerdave

colsten wrote: »

It's actually more like:
Total interest earned: £98 - £33 from the normal savings & £65 in the regular saver.
If you'd kept the money only in the normal savings account you'd have earned £72 in interest.
Diff: £26

...but worth more if you can "top up" the 123 account back to £20k on the same day as the £200 is transferred to the reg. saver??:)

Ballard

colsten wrote: »

It's actually more like:
Total interest earned: £98 - £33 from the normal savings & £65 in the regular saver.
If you'd kept the money only in the normal savings account you'd have earned £72 in interest.
Diff: £26

Was it really worth a post stating that the difference is £26 rather than 'around £25'?

[Deleted User]

adindas wrote: »

Currently my direct debit is showing on April 14, I want to change to Fist date each month start from next month.

Does anyone know whether it is allowed to change the SO date in this Santander Regular eSAver ? I have not see any restriction on this but just want double check it.

Link to official documentation will be very much appreciated ...

Thanks

"There is no minimum monthly deposit and you can save up to £200 per month. You do not have to make a deposit
every month and the deposit amount can vary each month.
You can make any number of payments into the Regular eSaver via a standing order from your Santander current
account each month provided that the monthly deposit limit is not exceeded."

Above is from the T and C's. You can make any number of payments into your RS via a SO from a Santander current account each month provided that the monthly deposit limit [£200] is not exceeded. So you can change the date of your SO, or even make more than one SO payment permonth, so long as you don't exceed £200 in the month.

Westie983

adindas wrote: »

Currently my direct debit is showing on April 14, I want to change to Fist date each month start from next month.

Does anyone know whether it is allowed to change the SO date in this Santander Regular eSAver ? I have not see any restriction on this but just want double check it.

Link to official documentation will be very much appreciated ...

Thanks

Worth knowing its not calendar month but a opening month, When did you open the account?

For example you put £200 on opening now, 15th April your month runs till the 14th May so you couldnt pay in again on the 1st May as you have maxed out the account for that month. You could pay in half and half, or a combination including opening and the 1st, then pay in the full £200 on the 1st following month.

All dependent on your month dates.

LXdaddy

As Westie983 says - the "month" is based on the opening date not a calendar month.


So any change to the DD date would reduce the interest you earn. The highest earning rate is if you deposit the maximum amount on the opening of each month (ie the 15th in Westie's example)


By comparison, in regular savers that use a calendar month as the limit there IS an advantage in changing the DD date - eg if you open one of those on the 25th April you can make a second deposit on 1st May 1st June etc up to 1st April 2017, getting 13 payments in and higher balances for each of the days other than the first 6 days of the year.