The Top Easy Access Savings Discussion Area

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.

janusd

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.

pearl123

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?

You can select the monthy interest option of 5.08%.

gt94sss2

@soulsaver

My Community Finance has raised their interest rate from 4.61% to 4.95% for balances above £19,999 on their easy saver account


https://www.mycommunityfinance.co.uk/savings-accounts

Swipe

The Santander easy access news has made my day. That's an extra £85 a month I'll be getting compared to their first incarnation

10_66

dealyboy said:

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 (?).

My incorrect attachment email's timed at 08:02, so it looks like they must've corrected by the time yours was issued, maybe.

KevinG

Why has Shawbrook disappeared from the MSE table? Still showing 4.93% AER on their website.

KevinG

pearl123 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?

You can select the monthy interest option of 5.08%.

That wasn't the question.

jpsman

KevinG said:

pearl123 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?

You can select the monthy interest option of 5.08%.

That wasn't the question.

Don't worry about it. Seems the excitement of the Santander account is causing some to miss the 'away' in my question. 😁

sturgeon

Great rate offered by Santander but for once I won’t be chasing the top rate. Shambolic process applying when they were last top of the charts, needed to submit all sorts of ID in branch and never not acknowledgment the account was even opened. Add on the stories of regular fraud checks transferring in lump sums and hours of phone calls then absolutely no chance. Pleased I got the Tandem 5% and hope another challenger bank matches or beats Santander.