Santander ESaver interest calculations wrong?

YorkshireBoy

shennan wrote: »

Also, I know that I must have a Santander 123 Account to have the Regular ESaver...

No you don't.

PeacefulWaters

Sweet lord did I really just see that daily interest calculation?

polymaff

PeacefulWaters wrote: »

Sweet lord did I really just see that daily interest calculation?

You surely did - all 21,422 characters of it :rotfl:

Kendall80

polymaff wrote: »

You surely did - all 21,422 characters of it :rotfl:

The 7th decimal place of line 153 looks a little suspect to me.

eskbanker

....and all carefully calculated to the nearest quadrillionth of a penny!

realaledrinker

Love these regular saver questions. Comedy Gold.

Terry98

Kendall80 wrote: »

The 7th decimal place of line 153 looks a little suspect to me.

Yes. How is it that Santander say "Based on a regular payment of £200 per month for 12 months at 5.00% gross (variable), you could earn up to £64.33 in interest."

and that calculation arrives at 'total savings over year is £65.8904109589041'

Where has the other £1.56 gone?:rotfl::rotfl::rotfl::rotfl:

bowlhead99

PeacefulWaters wrote: »

Sweet lord did I really just see that daily interest calculation?

As someone who writes a lot of my posts on a smartphone I can imagine the pain of having to keep going from the calculator app to the web browser and putting the numbers in one at a time and swapping back to check...

shennan

@adindas Yes, we've already arrived at this conclusion.

@bowlhead99 I'm a programmer so there was no going-back-and-forth. I just wrote a quick and dirty script to spit it all out for me.

@realaledrinker Comedy gold?! You're trawling the MSE forums to tickle you funny bone?

@YorkshireBoy As far as I can see, you do need a Santander 123 Account for a Santander ESaver. This is what Martin says about the ESaver Account:

"If you have a Santander current account, or get one, you'll be eligible for the Santander Regular eSaver."

bowlhead99

shennan wrote: »

@YorkshireBoy As far as I can see, you do need a Santander 123 Account for a Santander ESaver. This is what Martin says about the ESaver Account:

"If you have a Santander current account, or get one, you'll be eligible for the Santander Regular eSaver."

Was there anything in Martin's sentence there that says the current account has to be the "1 2 3" type of current account rather than some other account that doesn't cost a fiver a month?