We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Getting money out of Santander RS with no 123 current
Rheumatoid
Posts: 1,104 Forumite
I have switched my 123 current to Natwest.
I now have a 5% RS sitting there on its own not due to mature until early next year.
Although I can't make further contributions, I am leaving it so that I get the 5% on the balance on maturity.
Previously these accounts have reverted to a standard savings account and I have been able to transfer the balance to the 123 current and then withdraw.
I can see no way to get the money out of a savings account without the current.
Any ideas on how the money is accessed on maturity for a stand alone savings account?
Thanks
I now have a 5% RS sitting there on its own not due to mature until early next year.
Although I can't make further contributions, I am leaving it so that I get the 5% on the balance on maturity.
Previously these accounts have reverted to a standard savings account and I have been able to transfer the balance to the 123 current and then withdraw.
I can see no way to get the money out of a savings account without the current.
Any ideas on how the money is accessed on maturity for a stand alone savings account?
Thanks
16 Panel (250W JASolar) 4kWp, facing 170 degrees, 40 degree slope, Solis Inverter. Installed 29/9/2015 - £4700 (Norfolk Solar Together Scheme); 9.6kWh US2000C Pylontech batteries + Solis Inverter installed 12/4/2022 Year target (PVGIS-CMSAF) = 3880kWh - Installer estimate 3452 kWh:Average over 6 years = 4400 :j
0
Comments
-
I also closed my 123 account but if you go online you can open a Santander Everyday Current Account. You do not need any direct debits, no monthly fee or minimum payment is necessary it is just a standard current account. Check it out because I think this will help you in your situation.0
-
Just looked at my Santander online account and it is possible to set up outgoing faster payments from an everyday saver account.0
-
You can open a 123 lite to receive your maturing RS. And get the now 3% on a new one.
Make sure you don't pay ever in the £500 pm and you don't get charged the usual £1 fee.. and you don't need DDs but you don't qualify for the cashback.0 -
You can open a 123 lite to receive your maturing RS. And get the now 3% on a new one.
Make sure you don't pay ever in the £500 pm and you don't get charged the usual £1 fee.. and you don't need DDs but you don't qualify for the cashback.
Thanks, did wonder about that but 3% RS not really better than 1.5% Marcus - but I suppose it would leave another current to use for a transfer deal later on.16 Panel (250W JASolar) 4kWp, facing 170 degrees, 40 degree slope, Solis Inverter. Installed 29/9/2015 - £4700 (Norfolk Solar Together Scheme); 9.6kWh US2000C Pylontech batteries + Solis Inverter installed 12/4/2022 Year target (PVGIS-CMSAF) = 3880kWh - Installer estimate 3452 kWh:Average over 6 years = 4400 :j0 -
Just looked at my Santander online account and it is possible to set up outgoing faster payments from an everyday saver account.
Thanks, will wait for it to mature and set up payment.16 Panel (250W JASolar) 4kWp, facing 170 degrees, 40 degree slope, Solis Inverter. Installed 29/9/2015 - £4700 (Norfolk Solar Together Scheme); 9.6kWh US2000C Pylontech batteries + Solis Inverter installed 12/4/2022 Year target (PVGIS-CMSAF) = 3880kWh - Installer estimate 3452 kWh:Average over 6 years = 4400 :j0 -
Well it's 1.5% better!Rheumatoid wrote: »...but 3% RS not really better than 1.5% Marcus...Stompa0 -
16 Panel (250W JASolar) 4kWp, facing 170 degrees, 40 degree slope, Solis Inverter. Installed 29/9/2015 - £4700 (Norfolk Solar Together Scheme); 9.6kWh US2000C Pylontech batteries + Solis Inverter installed 12/4/2022 Year target (PVGIS-CMSAF) = 3880kWh - Installer estimate 3452 kWh:Average over 6 years = 4400 :j0
-
I think you'll find it is, though I fully understand why you may think it isn't.Rheumatoid wrote: »no it isnt
Stompa0 -
Rheumatoid wrote: »... but 3% RS not really better than 1.5% Marcus...
:huh::huh:0 -
You can open a 123 lite to receive your maturing RS. And get the now 3% on a new one.
Make sure you don't pay ever in the £500 pm and you don't get charged the usual £1 fee.. and you don't need DDs but you don't qualify for the cashback.
It is the other way around. You can pay in as much as you like, but must not set up any DD's0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards