The Top Easy Access Savings Discussion Area

dealyboy

@Frogletina said:

jaypers said:

Frogletina said:

I have the Santander regular saver which is a fixed 5%. I'll now reduce the balance to £1 but not close it and move the rest into the easy access account.

Why bother even leaving £1 in there? 

I was thinking of doing this so that I don't get the interest paid until the next tax year, but it would only be minimal so I might close it completely and be done with it

I am leaving my monthly saver alone for the moment (£800) as it is fixed 5.00% for 12 months whereas the new easy access saver is variable and only 0.2% more.

What goes up must come down, as Galileo would say.

Frogletina

dealyboy said:

@Frogletina said:

jaypers said:

Frogletina said:

I have the Santander regular saver which is a fixed 5%. I'll now reduce the balance to £1 but not close it and move the rest into the easy access account.

Why bother even leaving £1 in there? 

I was thinking of doing this so that I don't get the interest paid until the next tax year, but it would only be minimal so I might close it completely and be done with it

I am leaving my monthly saver alone for the moment (£800) as it is fixed 5.00% for 12 months whereas the new easy access saver is variable and only 0.2% more.

What goes up must come down, as Galileo would say.

The new easy access saver is 5.2% fixed, not variable

Edited - Sorry, my error. I was looking at the wrong KPI

friolento

Frogletina said:

dealyboy said:

@Frogletina said:

jaypers said:

Frogletina said:

I have the Santander regular saver which is a fixed 5%. I'll now reduce the balance to £1 but not close it and move the rest into the easy access account.

Why bother even leaving £1 in there? 

I was thinking of doing this so that I don't get the interest paid until the next tax year, but it would only be minimal so I might close it completely and be done with it

I am leaving my monthly saver alone for the moment (£800) as it is fixed 5.00% for 12 months whereas the new easy access saver is variable and only 0.2% more.

What goes up must come down, as Galileo would say.

The new easy access saver is 5.2% fixed, not variable

It says variable rate on the website. What is fixed is the maximum duration. 12 months

https://www.santander.co.uk/personal/savings-and-investments/savings/easy-access-saver

10_66

Frogletina said:

dealyboy said:

@Frogletina said:

jaypers said:

Frogletina said:

I have the Santander regular saver which is a fixed 5%. I'll now reduce the balance to £1 but not close it and move the rest into the easy access account.

Why bother even leaving £1 in there? 

I was thinking of doing this so that I don't get the interest paid until the next tax year, but it would only be minimal so I might close it completely and be done with it

I am leaving my monthly saver alone for the moment (£800) as it is fixed 5.00% for 12 months whereas the new easy access saver is variable and only 0.2% more.

What goes up must come down, as Galileo would say.

The new easy access saver is 5.2% fixed, not variable

According to the website the new Easy Access Saver Ltd Ed is variable.

dealyboy

10_66 said:

friolento said:

Dont know if you noticed - the confirmation email has an incorrect KPI document attached, for an easy access saver with a rate of 2.7-something. I have ignored this, as the account correctly shows 5.2% (I have chosen annual interest payment).

Re Santander EAS Ltd Ed (3); Mine also shows incorrect rate on attached document, which states it's for Easy Access Saver issue 23.  However, it too shows correct rate when logged on.

My attached 'key facts' shows the correct rates, e-mail sent 10:00 (?).

jpsman

Small gripe but the Santander EA Saver doesn't seem to allow monthly interest to be paid away - or am I missing something?

SaveTheEuro

dealyboy said:

Applied in online banking (laptop) ... confirmed ... confirmed my details ... application accepted ... back to online banking landing page and new account there ==> 10 seconds.

Same for me. New Santander Easy Access account opened in seconds. Transfer from Tandem took just minutes.

I had a small sum sitting in the 1st issue Santander Easy Access @ 4.05%. (A handy way to feed into the Santander current account when needed). That sum is also in the new Easy Access account - quite a rise in one day from 4.05% to 5.2%.

jpsman

Bridlington1 said:

jpsman said:

Small gripe but the Santander EA Saver doesn't seem to allow monthly interest to be paid away - or am I missing something?

There was an option to select monthly interest during the application when I opened it earlier this morning.

Yes, chosen that, but ideally I want it to be paid automatically to another account. Minor gripe only, though.

dealyboy

@friolento said:

Frogletina said:

dealyboy said:

@Frogletina said:

jaypers said:

Frogletina said:

I have the Santander regular saver which is a fixed 5%. I'll now reduce the balance to £1 but not close it and move the rest into the easy access account.

Why bother even leaving £1 in there? 

I was thinking of doing this so that I don't get the interest paid until the next tax year, but it would only be minimal so I might close it completely and be done with it

I am leaving my monthly saver alone for the moment (£800) as it is fixed 5.00% for 12 months whereas the new easy access saver is variable and only 0.2% more.

What goes up must come down, as Galileo would say.

The new easy access saver is 5.2% fixed, not variable

It says variable rate on the website. What is fixed is the maximum duration. 12 months

https://www.santander.co.uk/personal/savings-and-investments/savings/easy-access-saver

The eSaver Limited Edition (Issue 1) (recently renamed easy access saver) interest rate was also variable fixed for 12 months and then they extended it to 18 20 months quite recently.

janusdesign

jpsman said:

Small gripe but the Santander EA Saver doesn't seem to allow monthly interest to be paid away - or am I missing something?

no it gets paid into the same account and not to a nominated account.