Santander Regular Saver

harz99

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?

horace972897

Increased the rate to 5% from the 3rd of April so not all bad

grumbler

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

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

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

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

5% is pretty good? What's the max monthly amount in?

ColdIron

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

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

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

greenglide

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!