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Maturing Santander Monthly Saver

Westie983
Westie983 Posts: 5,215 Forumite
Tenth Anniversary 1,000 Posts I've been Money Tipped! Name Dropper
in Savings & investments
Hi All,

Today my Santander account has matured into a everyday saver and the rate dropped to 0.10% as expected, but no interest has been added.

I have a deja vu of the problems Nationwide had last Christmas when the first batch of maturing accounts had a blip and no interest was added for weeks.

Any one else had this problem?

I am currently on hold to them to find out if it is a known issue.

Westie983
I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.
Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%
Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%
Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%
Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%
£2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%
The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%
Total £4095.19/£7332.95 = 55.84%
«13

Comments

  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    Yes. Being discussed in https://forums.moneysavingexpert.com/discussion/608697
  • AndyPK
    AndyPK Posts: 4,391 Forumite
    Part of the Furniture 1,000 Posts
    I noticed mine was coming to an end and noted they had not sent one email or letter to let me know. (unlike TSB where I had 2 letters)
  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    AndyPK wrote: »
    I noticed mine was coming to an end and noted they had not sent one email or letter to let me know. (unlike TSB where I had 2 letters)
    I definitely had a letter. Dated 28/02/17, advising my account would change to an Everyday Saver on 15 March 2017. Which is what has happened now. The account number was retained. The letter did not say what would happen to the interest on the old account and as of yet I don't know when I will get it although I live in hope that it will show tomorrow morning.
  • youngretired
    youngretired Posts: 628 Forumite
    Ninth Anniversary 500 Posts Name Dropper
    Mine matured today also and I contacted them regarding the interest and was told that it was being added today so hopefully will show online tomorrow.
  • Westie983
    Westie983 Posts: 5,215 Forumite
    Tenth Anniversary 1,000 Posts I've been Money Tipped! Name Dropper
    colsten wrote: »
    Yes. Being discussed in https://forums.moneysavingexpert.com/discussion/608697

    I found this after I looked to see if it a thread had already started, before I started this one.

    I have commented in the above thread also, but this thread may help as the title explains the issue.

    Thanks for bringing it to my attention though...

    Westie983
    I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.
    Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%
    Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%
    Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%
    Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%
    £2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%
    The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%
    Total £4095.19/£7332.95 = 55.84%
  • MarkFromCornwall
    MarkFromCornwall Posts: 932 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    Westie983 wrote: »
    Hi All,

    Any one else had this problem?

    Yes. Mine matured yesterday (Tuesday) but no interest was added. I decided to wait and see if it was added later in the day and it appeared this morning (Wednesday) without me contacting them.
  • Westie983
    Westie983 Posts: 5,215 Forumite
    Tenth Anniversary 1,000 Posts I've been Money Tipped! Name Dropper
    MarkFromCornwall wrote: »
    Yes. Mine matured yesterday (Tuesday) but no interest was added. I decided to wait and see if it was added later in the day and it appeared this morning (Wednesday) without me contacting them.

    Thanks so maybe it will appear...

    Lets see if it appears today...

    Thanks MarkFromCornwall

    Westie983
    I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.
    Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%
    Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%
    Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%
    Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%
    £2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%
    The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%
    Total £4095.19/£7332.95 = 55.84%
  • Westie983
    Westie983 Posts: 5,215 Forumite
    Tenth Anniversary 1,000 Posts I've been Money Tipped! Name Dropper
    Interest has been paid ;-)

    Westie983
    I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.
    Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%
    Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%
    Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%
    Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%
    £2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%
    The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%
    Total £4095.19/£7332.95 = 55.84%
  • xylophone
    xylophone Posts: 45,752 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I notice that the interest was paid this morning on my account.
  • PeacefulWaters
    PeacefulWaters Posts: 8,495 Forumite
    New account opened.

    No option to close the old one online. Boo.
This discussion has been closed.
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