The Top Easy Access Savings Discussion Area

janusd

SJMALBA said:

I didn't notice it on the Santander Edge summary box, but as others have pointed out earlier in this thread, it says 'You can only pay money into your account online from your Santander Edge current account'. Having not noticed this originally, I filled up my ES last week from an external account, and the money arrived and remains there, apparently without issue, but, trouble ahead for not using the Edge Current account for the payments?

time will tell, but I doubt it... I opened one on Saturday, but funded both accounts directly from Cahoot (which admittedly is Santander) via Faster Payments (saver first, then current) and the app is giving the impression that I could withdraw from either without issue.

boingy

mattywallace121 said:

boingy said:

mattywallace121 said:

Chip have shared with Shareholders they havent witnessed massive outflows,

No business would admit if they had so it's a bit of a pointless statement.

Yes of course lying to shareholders would be fantastic PR for a company.

You seem to be confusing lying with only reporting the positives. All statements to shareholders are designed to present the company in the best possible light without being untrue. Check the exact wording of their statement and ask yourself what they are leaving out of that statement. The statement is not precise but it is entirely truthful as far as it goes. The wonders of spin.

boingy

SJMALBA said:

I didn't notice it on the Santander Edge summary box, but as others have pointed out earlier in this thread, it says 'You can only pay money into your account online from your Santander Edge current account'. Having not noticed this originally, I filled up my ES last week from an external account, and the money arrived and remains there, apparently without issue, but, trouble ahead for not using the Edge Current account for the payments?

I've not done it with Santander but with other accounts that have similar rules any payment from the "wrong" place got immediately rejected. So if your transfer has worked I imagine it will probably be OK but it would be wise to follow their rules in future. Just bounce the money through the specified account.

BestSeagull

SJMALBA said:

I didn't notice it on the Santander Edge summary box, but as others have pointed out earlier in this thread, it says 'You can only pay money into your account online from your Santander Edge current account'. Having not noticed this originally, I filled up my ES last week from an external account, and the money arrived and remains there, apparently without issue, but, trouble ahead for not using the Edge Current account for the payments?

I funded mine via my 123 lite originally but just to be on the safe side, I moved it out to the edge current account then back in to the edge savings account.

Spriggot

Looks like Tandem have just sneakily added the 0.35% top-up to some who didn't get in pre-closure - have received an email from them telling me it's been added to my account so I don't "miss out"! Nipping at Chip's rate rise perhaps?

fabsaver

Spriggot said:

Looks like Tandem have just sneakily added the 0.35% top-up to some who didn't get in pre-closure - have received an email from them telling me it's been added to my account so I don't "miss out"! Nipping at Chip's rate rise perhaps?

There isn't anything sneaky about their actions. They announced at the time that anyone whose account application was already in process would have the bonus added.

These 'digs' at Tandem from new posters are becoming quite tiresome. Like the one yesterday suggesting they couldn't have confidence in Tandem because they don't report accrued interest daily.
https://forums.moneysavingexpert.com/discussion/6468220/tandem-bank-sceptic/p1

Spriggot

fabsaver said:

Spriggot said:

Looks like Tandem have just sneakily added the 0.35% top-up to some who didn't get in pre-closure - have received an email from them telling me it's been added to my account so I don't "miss out"! Nipping at Chip's rate rise perhaps?

There isn't anything sneaky about their actions. They announced at the time that anyone whose account application was already in process would have the bonus added.

These 'digs' at Tandem from new posters are becoming quite tiresome. Like the one yesterday suggesting they couldn't have confidence in Tandem because they don't report accrued interest daily.
https://forums.moneysavingexpert.com/discussion/6468220/tandem-bank-sceptic/p1

Hi fabsaver - this comment was not remotely intended as a dig and I'm not sure why you've taken it that way? I suppose "cheekily" may have been a better term but if you read my post without preconceptions you'll have realised that it's not attacking Tandem.

FYI - I opened my account on Sunday, well after the close was announced. My application certainly wasn't in process before they closed the top-up to new customers, so I'm more gently amused that they've included newer customers like me in this, as I've noted above, as a sensible if cheeky response to Chip's rise to 4.84%.

martinm1

BigBlueSky said:

Alex.T said:

BigBlueSky said:

Yes, the Edge Saver works just like the current account - Transfers in and out are instant.

Once the Edge saver accounts have been opened is there any reason to keep the Edge current account open, or can it just be closed (or used as a switching account) ?

Thanks, sorry by instant I meant is it instant opening/approving like the current account is? 

Yes, it was for me.

it wasnt for me - took a few days to open the edge current - email said they wanted copy of ID posted to them, but on Monday they opened it and was available in the app without me sending anything into them.  The edge saver took about an hour after applying.

fabsaver

Spriggot said:

fabsaver said:

Spriggot said:

Looks like Tandem have just sneakily added the 0.35% top-up to some who didn't get in pre-closure - have received an email from them telling me it's been added to my account so I don't "miss out"! Nipping at Chip's rate rise perhaps?

There isn't anything sneaky about their actions. They announced at the time that anyone whose account application was already in process would have the bonus added.

These 'digs' at Tandem from new posters are becoming quite tiresome. Like the one yesterday suggesting they couldn't have confidence in Tandem because they don't report accrued interest daily.
https://forums.moneysavingexpert.com/discussion/6468220/tandem-bank-sceptic/p1

Hi fabsaver - this comment was not remotely intended as a dig and I'm not sure why you've taken it that way? I suppose "cheekily" may have been a better term but if you read my post without preconceptions you'll have realised that it's not attacking Tandem.

FYI - I opened my account on Sunday, well after the close was announced. My application certainly wasn't in process before they closed the top-up to new customers, so I'm more gently amused that they've included newer customers like me in this, as I've noted above, as a sensible if cheeky response to Chip's rise to 4.84%.

Thank you for clarifying. If you opened your account after the bonus was withdrawn for new customers then that was generous of them to include you.

susanann_2

Apologies another Santander Edge Saver question. Has anyone who already has a Santander 123 Lite been able to open an Edge Saver Current account to get the Saver without having to give up the 123 Lite current account?  I find the cash back is better for me with the 123 Lite account but would like the Edge Saver.