Santander Regular Saver

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Grr, Santander quick enough to downgrade our accounts to the rubbish everyday ones today, but interest hasn't been added yet. Anyone else, and how long was the wait for interest payment?
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  • horace972897
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    Increased the rate to 5% from the 3rd of April so not all bad
  • grumbler
    grumbler Posts: 58,629 Forumite
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    I'd expect the interest to be added before downgrading, but can't you just wait until tomorrow? What difference does 1 day make for £70? Meanwhile, apply for new regular savers.
  • pafpcg
    pafpcg Posts: 886 Forumite
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    harz99 wrote: »
    Anyone else, and how long was the wait for interest payment?

    No wait whatsoever!

    Both my partner and myself had accounts which matured on March 26th. An Everyday Saver account appeared in place of each Regular Saver on the appointed day and each contained both the £2400 of contributions and the expected interest which was all transferred out to our 123 account. Replacement Regular Savers were opened online and the initial month's contributions made. Also done on the same day were requests to close the Everyday Savers made by secure message and this was completed the following day, along with another 33p in interest.

    Overall, everything worked for us exactly as expected and all with 24 hours. How long have you been waiting? Sounds like you've a problem that needs to be flagged-up to Santander.
  • harz99
    harz99 Posts: 3,647 Forumite
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    pafpcg wrote: »
    No wait whatsoever!

    Both my partner and myself had accounts which matured on March 26th. An Everyday Saver account appeared in place of each Regular Saver on the appointed day and each contained both the £2400 of contributions and the expected interest which was all transferred out to our 123 account. Replacement Regular Savers were opened online and the initial month's contributions made. Also done on the same day were requests to close the Everyday Savers made by secure message and this was completed the following day, along with another 33p in interest.

    Overall, everything worked for us exactly as expected and all with 24 hours. How long have you been waiting? Sounds like you've a problem that needs to be flagged-up to Santander.


    Only since this morning. Lol. But I would have expected the interest to have appeared in the replacement account as you say above.


    I guess it can wait 24 hours if need be.
  • harz99
    harz99 Posts: 3,647 Forumite
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    jon-w wrote: »
    Increased the rate to 5% from the 3rd of April so not all bad


    Increased the rate BACK to 5% after previously cutting it in the last 12 months you mean...
  • ThomasP
    ThomasP Posts: 51 Forumite
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    5% is pretty good? What's the max monthly amount in?
  • ColdIron
    ColdIron Posts: 9,154 Forumite
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    ThomasP wrote: »
    5% is pretty good? What's the max monthly amount in?
    £200, you could find this answer and many others from Santander
    http://www.santander.co.uk/uk/savings/regular-esaver
  • Pincher
    Pincher Posts: 6,552 Forumite
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    Regular eSaver is 5.00% for 1|2|3 World or Santander Select customers.

    I have the standard 1|2|3 current account.
    I think I only get 2.5%. Can't be bothered .
  • Eco_Miser
    Eco_Miser Posts: 4,708 Forumite
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    Pincher wrote: »
    Regular eSaver is 5.00% for 1|2|3 World or Santander Select customers.

    I have the standard 1|2|3 current account.
    I think I only get 2.5%. Can't be bothered .
    Check the definition of 1|2|3 World at http://www.santander.co.uk/uk/web/santanderuk/123-customers
    Eco Miser
    Saving money for well over half a century
  • greenglide
    greenglide Posts: 3,301 Forumite
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    I was confused a couple of days ago as to what an "1|2|3 World" account was and was quite pleased to see that the bog standard 1|2|3 account gave access (I havent had an email from Santander saying the rate had gone up yet).

    Finding out from the Santander web site wasnt hard providing, of course, that there was any reason to look!
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