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Regular Saver Thread **New and Restarted**

edited 16 November 2019 at 8:25AM in Savings & Investments
3.5K replies 623.4K views
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  • AirlieBirdAirlieBird Forumite
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    10_66 wrote: »
    Previous years' issues have permitted you to change the standing order date after (at least) the second standing order payment has been made (so effectively after the third payment). I've had a look at the terms and conditions of it for this year and can't find this statement anymore. Does anyone know for sure if they've changed it so that it can no longer be done? I would ask them, but find that they don't always give accurate information :undecided

    The terms seem pretty clear to me.
    After the first payment into the account you must make 11 more payments on the same date each month by standing order from a qualifying current account.
    (bolding mine)
    Did you really mean to put loose?
    Lose: no longer possess, not to retain, unable to find
    Loose: not firmly or tightly fixed in place
  • 10_6610_66 Forumite
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    AirlieBird wrote: »
    The terms seem pretty clear to me.

    Quote:
    After the first payment into the account you must make 11 more payments on the same date each month by standing order from a qualifying current account.

    Yes, that's what I mean, I can't find what they have previously stated, that is that you could change the standing order date after the second standing order payment had been taken (which would be the third payment). The above statement would suggest that you can no longer do that.
  • nomorekidsnomorekids Forumite
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    :( sad times ahead

    Norwich and Peterborough Family and E Family, that gave us opportunity to squirrel away monthly £250 each at 3.5% are slashing rates to 0.85% and taking away bonus from 7/8th July.

    :( I ll be closing mine
    If you want to be rich, never, ever have kids ;)
  • bristolleedsfanbristolleedsfan Forumite
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    10_66 wrote: »
    Yes, that's what I mean, I can't find what they have previously stated, that is that you could change the standing order date after the second standing order payment had been taken (which would be the third payment). The above statement would suggest that you can no longer do that.

    Was the same previously as well :rotfl:( Couldnt change date or at least when I asked approx 2 years ago that is what I was told)
  • 10_6610_66 Forumite
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    Was the same previously as well :rotfl:( Couldnt change date or at least when I asked approx 2 years ago that is what I was told)

    Lol, that's what I mean when I said contacting them isn't very reliable as they don't give correct information. You could definitely change dates previously (their T&C's stated you could change date after second standing order had been taken), I've done so for a few years' now. But it appears their T&C's have now changed.
  • SephirothXSephirothX Forumite
    187 posts
    I don't really want to start a new thread for this question so I'll post here.

    I have just gone through the switching process to First Direct before the £125 cash incentive finishes and I'll be closing my Santander 123 Lite account as part of the process.

    My current Santander regular saver is due to finish in 3 days, but my switch date is set for May 22nd. I am just wondering what would happen to my regular saver when my Santander 123 account is closed? Like will I be able to set up a new regular saver in 3 days time and continue using it after closing the current account? IE fund it from another bank.
  • escapeeescapee Forumite
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    SephirothX wrote: »
    I don't really want to start a new thread for this question so I'll post here.

    I have just gone through the switching process to First Direct before the £125 cash incentive finishes and I'll be closing my Santander 123 Lite account as part of the process.

    My current Santander regular saver is due to finish in 3 days, but my switch date is set for May 22nd. I am just wondering what would happen to my regular saver when my Santander 123 account is closed? Like will I be able to set up a new regular saver in 3 days time and continue using it after closing the current account? IE fund it from another bank.

    To hold a Regular Saver with Santander, you must be part of their 123 world. Either hold a 123 Standard Current Account, a 123 Lite Current Account or a 123 Credit Card. If you no longer have any of these, you will be unable to open a new Regular Saver.

    If you open a Regular Saver product shortly before switching away, the account will be automatically closed by Santander.

    I've just done the pretty much the same thing, I'm awaiting my welcome pack from First Direct after returning their request for a sample signature. I'm hoping I can open the FD Regular Saver and fund it before my switch is complete as mine isn't until the beginning of June.
  • yoggyogg Forumite
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    thanks guy's for all the time and effort put into this incredibly useful guide.
    regards,
    yogg.
  • soulsaversoulsaver Forumite
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    escapee wrote: »
    To hold a Regular Saver with Santander, you must be part of their 123 world. Either hold a 123 Standard Current Account, a 123 Lite Current Account or a 123 Credit Card. If you no longer have any of these, you will be unable to open a new Regular Saver.
    You can have the Santander RS at 3% without any 123 account.

    To get 5% on the reg saver you must be part of the 123 world.
  • Steve_xxSteve_xx Forumite
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    soulsaver wrote: »
    You can have the Santander RS at 3% without any 123 account.

    To get 5% on the reg saver you must be part of the 123 world.

    Can you have both, simultaneously?
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