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SJMALBA

soulsaver said:

SJMALBA said:

soulsaver said:

ForumUser7 said:

soulsaver said:

refluxer said:

Santander's eSaver Limited Edition (Issue 1) is now showing as 3.20% (gross) in the app for me.

Doesn't appear available to new applicants? Savings Accounts | Compare & Apply Online | Santander UK

NLA - It’s the one from a while back that was 2.75

Exactly - It was a 1year account. So we'll get the new rate for a few days?

It launched on 11th October 2022.

So I see, thanks. I'd recently  had a 'maturity' email from them and assumed it was this, but transpires it was for different account. 

Someone has too many accounts!   

SJMALBA

allegro120 said:

patpalloon said:

Re Santander esaver - wasn't the bonus interest rate limited to a year or something? I must have had it for 6 months now.

  No bonus in this account, but (variable) interest for 12 months from account opening. My guess is that on the anniversary they will either change it to something else (presumably with lower interest) or extend it for a longer period of time. 

12 month account that transfers to an Everyday Saver (currently paying a whopping 0.6% !).

aaj123

jaypers said:

Had a bit of a reshuffle this morning and put a little bit back to Santander. Already have Charter paying 3.2, plus Atom too which isn’t far behind so much of a muchness really. When 12 months is up on Santander it’s all being transferred out again! 

Charter isn't behind. It's 3.25% AER - so exactly same as the Santander esaver.

janusd

aaj123 said:

jaypers said:

Had a bit of a reshuffle this morning and put a little bit back to Santander. Already have Charter paying 3.2, plus Atom too which isn’t far behind so much of a muchness really. When 12 months is up on Santander it’s all being transferred out again! 

Charter isn't behind. It's 3.25% AER - so exactly same as the Santander esaver.

I think only Issues 29 and older are 3.25% - Issues 30 - 32 are still well below 3% and the recent issue is only 3.18%.

2010

kaMelo said:

Middle_of_the_Road said:

2010 said poo:

If big banks can fail and need help such as the recent ones why is there a frenzy (on here)  to pile money into the obscurely named mobile app only banks.

Reminds me a lot when "asleep at the wheel" Ofgem, OK`ed all the minnow energy firms which went bust and now we are all paying for.

Icelandic banks that everyone piled into.
One day your money was there, next day it had disappeared.
UK government decided to refund all retail savers, hoping to get it back from Iceland.

Could not agree more. Although challenger bank depositors have the same protection as the big names, I think they are more likely to need it.
Who wants to have to rely on the FSCS protection process, for an extra 0.1- 0.2% 

Remind me again which UK banks were essentially insolvent and required bailing out in 2009.

Remind me how many mobile app banks there were then.

aaj123

2010 said:

kaMelo said:

Middle_of_the_Road said:

2010 said poo:

If big banks can fail and need help such as the recent ones why is there a frenzy (on here)  to pile money into the obscurely named mobile app only banks.

Reminds me a lot when "asleep at the wheel" Ofgem, OK`ed all the minnow energy firms which went bust and now we are all paying for.

Icelandic banks that everyone piled into.
One day your money was there, next day it had disappeared.
UK government decided to refund all retail savers, hoping to get it back from Iceland.

Could not agree more. Although challenger bank depositors have the same protection as the big names, I think they are more likely to need it.
Who wants to have to rely on the FSCS protection process, for an extra 0.1- 0.2% 

Remind me again which UK banks were essentially insolvent and required bailing out in 2009.

Remind me how many mobile app banks there were then.

The entire concept of a mobile app was in its infancy at the time and didn't even exist at the time of the Northern Rock fiasco in 2007.

Online banking though was pretty standard then too.

aaj123

I find the 'Skipton Base rate tracker (guaranteed BOE - 1.25% for 24 months) Flexible ISA' to be a very good candidate as the account to use all through the year as your saver. It will move along with BOE for 2 years (not to be sniffed at) and allow withdrawals and replacement all through the year due to being Flexible and you get the current 3.0% rate tax free. And add to this the perk of being able to deposit using a debit card so acts as a solution for your Halifax reward saver criteria too.

simoncorkswill1

Anyone else have trouble transferring money out of Sainsbury’s savings account , trying to move money to my Santander savings from whatever the last issue of Sains savings account it is , no matter what combination of name I put in their security check insists it’s not my account , I have copied it verbatim from the Santander account and then any number of combinations , doesn't want to know , will ring them but last time took 45 minutes to answer .

jak22

I seem to remember account linking to be a problem with Sainsbury's even if you've managed it with a previous account - and it might even need a statement or such to be sent in for them to link manually.

Every bank seems to have different systems and rules for ID checks and account linking so its always worth remembering to check you'll be able to get money back out before funding a new account.

refluxer

simoncorkswill1 said:

Anyone else have trouble transferring money out of Sainsbury’s savings account , trying to move money to my Santander savings from whatever the last issue of Sains savings account it is , no matter what combination of name I put in their security check insists it’s not my account , I have copied it verbatim from the Santander account and then any number of combinations , doesn't want to know , will ring them but last time took 45 minutes to answer .

I had a Sainsurys eSaver account (which I closed a few years ago) and I was never able to successfully pay out to my Barclays current account. IIRC, there isn't a check-box to over-ride it either - their systems make the transfers they're not happy with impossible. In the end, I had to transfer it to an alternative current account which the Sainsburys check didn't have a problem with.

The only other time I've ever had problems with that same Barclays account was with Charter, as it failed their nominated bank account checks. In that case, I did wonder if the age of the account could potentially cause issues as I'd held the account since the mid 1990s so it could pre-date certain records ? A bit counter-intuitive perhaps, but a possibility.