Regular Saver Thread **New and Restarted**

schiff

Having the opportunity to change the name of this account, I changed it to Very Much Second Best, which gave me deep satisfaction

Then closed it.

btw:

Please enter the amount you wish to withdraw. Alternately, if your full balance is available, you can withdraw all funds by closing your account.

Though to be fair it is an offer between two actions, keep it or close it. But it is still odd.

polymaff

IanManc wrote: »

I'm not reviewing or starting: I'm halfway through a regular saver term and I've just amended my standing order to "until further notice" so that when the regular saver matures in October it will automatically renew.

I think this is an excellent change by Santander.

agreed, and about time, too. I've been pushing Santander, and others, for years to adopt the system the Halifax used to operate - before the dead hand of LBG took over. At the maturity date, pay the interest and transfer the account balance to a nominated account. Leave the account in place, leave the funding mechanism in place - as simple as that. Lowest admin cost imagineable and no payment date creep.

Let's hope that more follow.

Archi_Bald

Sea_Shell wrote: »

I've just logged on to try and amend my Santander standing order to, "until further notice" etc. but it's not giving me that option, just the option of changing the number of months. Should I just put 99 in the months box??

Cancel the existing SO and set up a new one. Takes 30 seconds.

Paul_DNAP

Hmm, I didn't think of making a new SO, I just upped it to 15years.


I suppose a potential downside of the shift in SANTANDER is that you need to keep an eye out on what the rate will be in the new reg saver. They could drop it through the floor and still reap in all these donations set up "until further notice".

ColdIron

schiff wrote: »

Having the opportunity to change the name of this account, I changed it to Very Much Second Best, which gave me deep satisfaction

If you don't want to have all those E-Saver Rewards clogging up your online banking you can send them a secure message asking them to remove them

Vortigern

ColdIron wrote: »

If you don't want to have all those E-Saver Rewards clogging up your online banking you can send them a secure message asking them to remove them

That's useful to know. I can still see some old, closed, empty, Northern Rock accounts in there.

mgarl10024

IanManc wrote: »

I think this is an excellent change by Santander.

Agreed. I hope more follow suit - would cut down the admin.

Westie983

Sea_Shell wrote: »

I've just logged on to try and amend my Santander standing order to, "until further notice" etc. but it's not giving me that option, just the option of changing the number of months. Should I just put 99 in the months box??

Just wait for the last payment to go into the account, and then just delete and reset up.

Westie983

Sea_Shell

I've changed it to 36 months, for now. Here's hoping its not going to be a sneaky way of reducing the rate, in the hope that no one will notice.

Sea_Shell

Still no new Virgin RS.