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Santander Regular E-Saver - rate reduced from 5% to 3%
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After maturity, your Regular eSaver automatically rolls over into a new 12 month term at whatever rate the current issue pays. This is all in the account terms. You obviously snuck in at 2.5% as the rate on the current issue has dropped to 2%!dazzalondon said:In my Santander app it has shown 3% throughout the whole of 2019-2020.
But up until when the interest has matured Feb 2020. It suddenly reduced to 2.5% and the interest credited reduced.
I do not remember receiving any notification of the reduction of interest on the savings account. If I had, I would have revisited where I leave my money.
I think this is fraud.
This is in addition to Santander further reducing current account interest to 1.5%.0 -
When did the interest rate change? I had one regular saver mature in May 2019 and received £64 interest which equates to 5%. My current regular saver started in May 2019 and shows interest rate of 3% in the app.
Edit: I read the thread from the start so no need for anyone to answer my question.0
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