The Top Easy Access Savings Discussion Area

poppystar

SJMALBA said:

Eirambler said:

I take it if you've opened one of these but haven't funded it yet you'll still get the rate? We have some savings coming from a notice account next week that we wanted to put in easy access so opened an account especially for that, but it's currently sitting unfunded. (Could throw a quid in if it made a difference.)

The Ts & Cs do say minimum balance of £1; whether that's to hold the account open, or just to get the full interest rate, I'm not sure, but, I'd throw a pound over if I were you, just to be on the safe side.

I’m still waiting for the info to come in the post to get online but there is a small amount now whizzing over from my current account just in case! Fingers crossed the postal delays don’t mean the account is lost. 

Sg28

Zaul22 said:

The press are really trying to puzzle people on whether or not the BoE will increase the base rate this time. All these articles are coming out about what individual members of the MPC think. Overall we are still looking at 70% chance of going to 5.5%... hopefully. (I just want easy access to be good enough to make regular savers unnecessary). 

Id be very suprised if its not 5.5% after todays wage numbers.

ellie99

poppystar said:

SJMALBA said:

Eirambler said:

I take it if you've opened one of these but haven't funded it yet you'll still get the rate? We have some savings coming from a notice account next week that we wanted to put in easy access so opened an account especially for that, but it's currently sitting unfunded. (Could throw a quid in if it made a difference.)

The Ts & Cs do say minimum balance of £1; whether that's to hold the account open, or just to get the full interest rate, I'm not sure, but, I'd throw a pound over if I were you, just to be on the safe side.

I’m still waiting for the info to come in the post to get online but there is a small amount now whizzing over from my current account just in case! Fingers crossed the postal delays don’t mean the account is lost. 

May I ask how you are managing to put in a small amount before the letters arrive in the post with the passwords?
I can't see any way of doing this without Santander's banking details?

Or is your current account with them so you have more info? I haven't any other accounts with them.

inkydolphin

Why such media fuss about an account going NLA? Marketing from Santander or am I missing something?

SaveTheEuro

inkydolphin said:

Why such media fuss about an account going NLA? Marketing from Santander or am I missing something?

Because it is the best easy access rate by far?

subjecttocontract

Which is being withdrawn at 11.59pm.......so there ain't much time left to get it opened.

inkydolphin

SaveTheEuro said:

inkydolphin said:

Why such media fuss about an account going NLA? Marketing from Santander or am I missing something?

Because it is the best easy access rate by far?

I'm sure other market leading rates have gone NLA without so much fuss (and a day's notice for a final flurry of fund gathering)

flaneurs_lobster

silvercue said:

kaMelo said:

ColdIron said:

gt94sss2 said:

The 5.2% Santander account is going off sale at midnight 

Source?   

Also being reported in the Telegraph
Santander pulls top 5.2pc savings deal after just one week (telegraph.co.uk)

But Santander said it will now pull the account at midnight on Tuesday, just eight days after launch, following “significant demand on the limited edition product”.

From Wednesday it will offer easy-access savers a rate of 2.5pc instead – less than half the annual interest previously on offer. 

I tried to set up an account today, but you have to post proof of identity, so that won't get to them until tomorrow or Thursday, so I guess I have missed out.

Setting up an account online but not accepting digital copies of ID seems a bit ridiculous.

My partner, who has had a single bank account for the last 40 years (which has no online access), was able to open a EAS(LE) online today in about 5 minutes - no requirement for ID documents - so presumably the checks against the usual sources were successful.

Villa1345

I have not received an email after applying for the Santander account. Im worried i made a typo.

I took a screenshot of the application number, will i be able to phone up tomorrow and proceed with opening the account or am i too late?

refluxer

Villa1345 said:

I have not received an email after applying for the Santander account. Im worried i made a typo.

I took a screenshot of the application number, will i be able to phone up tomorrow and proceed with opening the account or am i too late?

Provided you took care entering your details, I wouldn't worry. My account was up and running pretty quickly and long before I received any confirmation emails (I was an existing customer so didn't need to wait for online banking letters to check).