The Top Easy Access Savings Discussion Area

2010

subjecttocontract said:

Can you hold an Easy Access Saver (3) in joint names and another in sole name ?

No you can`t.
From the T&C.

Eligibility

You can have this account if you’re 16 or over and live in the UK.

You can only have one of these accounts. It can be in your sole name or jointly with one other

person.

Bigwheels1111

SeriousHoax said:

Opened santander 5.20% using the app only took minutes.😛

Me too, so simple & as you say 2 minute job.

2010

Paid a small amount this morning after opening, to test from my (nominated) account.
Payment went through straightaway and showed in Santander almost immediately.

Just went on the app and it`s showing as pending (don`t know why as the payment is there), so assume it will clear overnight.
Also because it is "pending" I`m unable to set up a payment back to my (nominated) account.
Will try again in the morning.

crumpet_man

subjecttocontract said:

Can you hold an Easy Access Saver (3) in joint names and another in sole name ?

I have.

Also had sole and joint on the previous issue.

2010

crumpet_man said:

subjecttocontract said:

Can you hold an Easy Access Saver (3) in joint names and another in sole name ?

I have.

Also had sole and joint on the previous issue.

Seems another thing wrong with their T&C then.

Eligibility

You can have this account if you’re 16 or over and live in the UK.

You can only have one of these accounts. It can be in your sole name or jointly with one other

person.

searching4bestrates

friolento said:

searching4bestrates said:

financialbliss said:

Santander limited edition easy access - 5.20% (for 12 months)...

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

Only available until 17th September, or sooner if it sells out.

Great rate!

However, after my last experience with Santander (when they launched their market leading (at the time)) I won't be opening an account with them this time.

It is all very well it being described as "easy access", but my experience of trying to withdraw my money (back into the same current account that funded the savings account) resulted in hours of repeated phone calls when Santander consistently locked and blocked access to the savings account. One time, I was on hold for 40 minutes waiting to speak to an "advisor" only to then be connected and immediately cut off by them. The old adage "time is money" is critical for me here.

I hope that ~12 months on that Santander have improved their systems for those who do partake in this undoubtedly great, marketing leading rate!

I have been a Santander customer for over a decade and I can cope with their occasional, annoying, blocking of payments.

If you are new to Santander, and/or have no other accounts with them, I agree, it might not be the best place for savings that you want to regularly shift larger sums about. You might be better served at the likes of Chip or Tandem - though you can always be caught by random fraud checks.

I agree. I suspect their overzealous blocking of payments is far worse for "new" unknown entities (such as I was!) and your cautionary note is, I feel, very important to those who like me are "unknown" to Santander and may be tempted by their leading 5.2% rate!

As you say, if you've banked with them for years and have a long history of transactions with them, their blocking activities would hopefully be less severe/often.

Fully appreciate that other banks may also have random fraud check issues, but to date, I've moved savings around several providers and only became really inconvenienced/blocked by Santander.

I've since also learnt not to put all my "eggs" into a single "easy access" account in case the "easy access" proves not to be that easy and I suppose I have Santander to thank for that!

flobbalobbalob

2010 said:

Paid a small amount this morning after opening, to test from my (nominated) account.
Payment went through straightaway and showed in Santander almost immediately.

Just went on the app and it`s showing as pending (don`t know why as the payment is there), so assume it will clear overnight.
Also because it is "pending" I`m unable to set up a payment back to my (nominated) account.
Will try again in the morning.

I put £1 in and back out leaving £0 within 5 mins to test it. 

2010

flobbalobbalob said:

2010 said:

Paid a small amount this morning after opening, to test from my (nominated) account.
Payment went through straightaway and showed in Santander almost immediately.

Just went on the app and it`s showing as pending (don`t know why as the payment is there), so assume it will clear overnight.
Also because it is "pending" I`m unable to set up a payment back to my (nominated) account.
Will try again in the morning.

I put £1 in and back out leaving £0 within 5 mins to test it. 

Just had another look at the account.
The money I transferred this morning on opening is showing but says "pending".
If I try to select the account to make a payment, it says account unavailable.

europa

searching4bestrates said:

friolento said:

searching4bestrates said:

financialbliss said:

Santander limited edition easy access - 5.20% (for 12 months)...

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

Only available until 17th September, or sooner if it sells out.

Great rate!

However, after my last experience with Santander (when they launched their market leading (at the time)) I won't be opening an account with them this time.

It is all very well it being described as "easy access", but my experience of trying to withdraw my money (back into the same current account that funded the savings account) resulted in hours of repeated phone calls when Santander consistently locked and blocked access to the savings account. One time, I was on hold for 40 minutes waiting to speak to an "advisor" only to then be connected and immediately cut off by them. The old adage "time is money" is critical for me here.

I hope that ~12 months on that Santander have improved their systems for those who do partake in this undoubtedly great, marketing leading rate!

I have been a Santander customer for over a decade and I can cope with their occasional, annoying, blocking of payments.

If you are new to Santander, and/or have no other accounts with them, I agree, it might not be the best place for savings that you want to regularly shift larger sums about. You might be better served at the likes of Chip or Tandem - though you can always be caught by random fraud checks.

I agree. I suspect their overzealous blocking of payments is far worse for "new" unknown entities (such as I was!) and your cautionary note is, I feel, very important to those who like me are "unknown" to Santander and may be tempted by their leading 5.2% rate!

As you say, if you've banked with them for years and have a long history of transactions with them, their blocking activities would hopefully be less severe/often.

Fully appreciate that other banks may also have random fraud check issues, but to date, I've moved savings around several providers and only became really inconvenienced/blocked by Santander.

I've since also learnt not to put all my "eggs" into a single "easy access" account in case the "easy access" proves not to be that easy and I suppose I have Santander to thank for that!

To be fair to Santander, i move money thru my 123 like nobody's business, and not a single transaction has been blocked in years.However, it wasn't like that around seven-eight years ago when their blocks used to drive me nuts !

flobbalobbalob

2010 said:

flobbalobbalob said:

2010 said:

Paid a small amount this morning after opening, to test from my (nominated) account.
Payment went through straightaway and showed in Santander almost immediately.

Just went on the app and it`s showing as pending (don`t know why as the payment is there), so assume it will clear overnight.
Also because it is "pending" I`m unable to set up a payment back to my (nominated) account.
Will try again in the morning.

I put £1 in and back out leaving £0 within 5 mins to test it. 

Just had another look at the account.
The money I transferred this morning on opening is showing but says "pending".
If I try to select the account to make a payment, it says account unavailable.

Sounds like an ID check ? Did you get 2 emails - I received one to welcome me and another to say my account is now open.