The Top Easy Access Savings Discussion Area

grumbler

oz0707 said:

My partner has the old Santander 123 account, paying 4 quid per month. I don't see what benefits this brings nowadays. Does it make sense for her to bin this off, open the edge current, then open an edge saver funded to the 4k? £1 per month better off regardless of savings interest

Depends on the cashback S123 paying you on your DDs.  For me it was better to downgrade it to S123 Lite (NLA) long time ago. And now it makes more sense to have both Lite (£2 fee, for cashback) and Edge (empty, no DDs, for the Saver).

IIRC, 123 pays up to 3% on some DDs while Edge pays flat 1%.

jpsman

grumbler said:

oz0707 said:

My partner has the old Santander 123 account, paying 4 quid per month. I don't see what benefits this brings nowadays. Does it make sense for her to bin this off, open the edge current, then open an edge saver funded to the 4k? £1 per month better off regardless of savings interest

Depends on the cashback S123 paying you on your DDs.  For me it was better to downgrade it to S123 Lite (NLA) long time ago. And now it makes more sense to have both Lite (£2 fee, for cashback) and Edge (empty, no DDs, for the Saver).

IIRC, 123 pays up to 3% on some DDs while Edge pays flat 1%.

Santander have a cashback calculator here, which also  includes the interest from a linked  saver account: https://www.santander.co.uk/personal/current-accounts/santander-edge-current-account#sq1

oz0707

Thanks for the calculator link. Looks like the edge combo is best

martinm1

infoadict said:

Santander Edge Account - just tried opening this and also received the email saying we think you are an existing customer and you will need to send in photocopies of documents etc. etc.

Been a customer for over 10 years, so called them, as a previous poster had suggested. After 47 minutes on the phone, sure enough there had been a mismatch with my application details and my existing details. When questioned what the mismatch was, it turned out to be a comma in the address line!!!!. It's their damn system that generates the address, not something I'd typed incorrectly.

Hopefully this will be corrected overnight and I'll no longer have 2 profiles.

Oh, and applied via the app and it didn't automatically add my details, as had been suggested earlier by someone

Got the same here when I applied.  Is it best to phone or just send them the copies?  Don't fancy being on the phone waiting for nearly an hour.

dekkard

Can anyone who had the Santander 'Easy Access Saver Limited Edition Issue 1' and has now closed it confirm if you got the interest owed when closing it please?

BestSeagull

martinm1 said:

infoadict said:

Santander Edge Account - just tried opening this and also received the email saying we think you are an existing customer and you will need to send in photocopies of documents etc. etc.

Been a customer for over 10 years, so called them, as a previous poster had suggested. After 47 minutes on the phone, sure enough there had been a mismatch with my application details and my existing details. When questioned what the mismatch was, it turned out to be a comma in the address line!!!!. It's their damn system that generates the address, not something I'd typed incorrectly.

Hopefully this will be corrected overnight and I'll no longer have 2 profiles.

Oh, and applied via the app and it didn't automatically add my details, as had been suggested earlier by someone

Got the same here when I applied.  Is it best to phone or just send them the copies?  Don't fancy being on the phone waiting for nearly an hour.

If you call them you'll have access to the 7% edge saver that much sooner. For me it was worth it to call. Try calling right at opening time and you might not have so long to wait.

grumbler

dekkard said:

Can anyone who had the Santander 'Easy Access Saver Limited Edition Issue 1' and has now closed it confirm if you got the interest owed when closing it please?

I can't confirm, but I think that's how all accounts work in general and easy-access in particular.

Why are you asking?

Growingold

dekkard said:

Can anyone who had the Santander 'Easy Access Saver Limited Edition Issue 1' and has now closed it confirm if you got the interest owed when closing it please?

Yes I got interest when I closed it.

martinm1

BestSeagull said:

martinm1 said:

infoadict said:

Santander Edge Account - just tried opening this and also received the email saying we think you are an existing customer and you will need to send in photocopies of documents etc. etc.

Been a customer for over 10 years, so called them, as a previous poster had suggested. After 47 minutes on the phone, sure enough there had been a mismatch with my application details and my existing details. When questioned what the mismatch was, it turned out to be a comma in the address line!!!!. It's their damn system that generates the address, not something I'd typed incorrectly.

Hopefully this will be corrected overnight and I'll no longer have 2 profiles.

Oh, and applied via the app and it didn't automatically add my details, as had been suggested earlier by someone

Got the same here when I applied.  Is it best to phone or just send them the copies?  Don't fancy being on the phone waiting for nearly an hour.

If you call them you'll have access to the 7% edge saver that much sooner. For me it was worth it to call. Try calling right at opening time and you might not have so long to wait.

Account appeared in my app today,  so not sure they need the documents requested,  so opened an edge saver, but it hasn't appeared in the app yet.

dekkard

grumbler said:

dekkard said:

Can anyone who had the Santander 'Easy Access Saver Limited Edition Issue 1' and has now closed it confirm if you got the interest owed when closing it please?

I can't confirm, but I think that's how all accounts work in general and easy-access in particular.

Why are you asking?

I'm planning to close it as I don't expect the rate to ever come near any of the better rates now available.