The Top Easy Access Savings Discussion Area

Zaul22

Weirdly Zopa have increased their IA ISA to 5.08% making it much better than their normal smart saver and actually competitive with other IA accounts. An interestingly odd move for them. 

pookey

wmb194 said:

pookey said:

flaneurs_lobster said:

allegro120 said:

n3ophyte said:

Re: Santander Edge Current Account

I got the same message but will ignore it until I get charged.

The same here.  I will ignore it. Some people on here said that they were running Edge for a long time without DDs and never had to pay a fee.  I opened mine on 16th Aug, wasn't charged in September.  I've put £3 in each of my accounts just in case, but it turned to be unnecessary so I reduced my balances to zero.

Bit more on this from Andy @ Be Clever with your Cash

Santander Edge Saver hack update

A quick one here. Last time I shared a potential hack that suggested you could open a Santander Edge account and avoid the monthly fee – meaning you’d get the full 7% on the linked Edge Saver account (on up to £4,000).

It entailed not adding any direct debits or paying in the required minimum, which the terms and conditions suggested wouldn’t trigger the fee.

Sadly Santander have confirmed to me that this isn’t likely to work. Here’s what their press office told me:

“The fee for the Edge Account is charged once a customer qualifies for cashback for the first time. If after opening, the customer’s circumstances change and the account is no longer right for them or they don’t meet the requirements of the terms and conditions they can, or we may, switch them to a different account within our range which doesn’t charge a fee.“

The choice of “may” in the wording could be interpreted as not a guarantee you’ll be downgraded if you don’t pay the fee. So you might want to still give it a try. Let me know what happens if you do.

https://becleverwithyourcash.com/october-2023s-savings-round-up--news/?utm_source=D2Cmail&utm_medium=email&utm_campaign=Banking_savings&utm_content=2023_10_12_hyperlink#Santander_Edge_Saver_hack_update

Do people still have this without paying the fee please? The Santander edge 7% account 


I'm tempted to do it and if it gets downgraded just move the money to another account 

From many years ago the same term was on the 123 accounts and they are clear that the fee will only begin to be charged once you've added two DDs. I've had 123 accounts and now this Edge account and have never been charged a fee or had an account downgraded because I didn't add DDs.

So to get the 7% i open the edge current account and then when it's open, open the 7% savings account and then transfer my money into it? 

cadguy77

pookey said:

wmb194 said:

pookey said:

flaneurs_lobster said:

allegro120 said:

n3ophyte said:

Re: Santander Edge Current Account

I got the same message but will ignore it until I get charged.

The same here.  I will ignore it. Some people on here said that they were running Edge for a long time without DDs and never had to pay a fee.  I opened mine on 16th Aug, wasn't charged in September.  I've put £3 in each of my accounts just in case, but it turned to be unnecessary so I reduced my balances to zero.

Bit more on this from Andy @ Be Clever with your Cash

Santander Edge Saver hack update

A quick one here. Last time I shared a potential hack that suggested you could open a Santander Edge account and avoid the monthly fee – meaning you’d get the full 7% on the linked Edge Saver account (on up to £4,000).

It entailed not adding any direct debits or paying in the required minimum, which the terms and conditions suggested wouldn’t trigger the fee.

Sadly Santander have confirmed to me that this isn’t likely to work. Here’s what their press office told me:

“The fee for the Edge Account is charged once a customer qualifies for cashback for the first time. If after opening, the customer’s circumstances change and the account is no longer right for them or they don’t meet the requirements of the terms and conditions they can, or we may, switch them to a different account within our range which doesn’t charge a fee.“

The choice of “may” in the wording could be interpreted as not a guarantee you’ll be downgraded if you don’t pay the fee. So you might want to still give it a try. Let me know what happens if you do.

https://becleverwithyourcash.com/october-2023s-savings-round-up--news/?utm_source=D2Cmail&utm_medium=email&utm_campaign=Banking_savings&utm_content=2023_10_12_hyperlink#Santander_Edge_Saver_hack_update

Do people still have this without paying the fee please? The Santander edge 7% account 


I'm tempted to do it and if it gets downgraded just move the money to another account 

From many years ago the same term was on the 123 accounts and they are clear that the fee will only begin to be charged once you've added two DDs. I've had 123 accounts and now this Edge account and have never been charged a fee or had an account downgraded because I didn't add DDs.

So to get the 7% i open the edge current account and then when it's open, open the 7% savings account and then transfer my money into it? 

Yes 10 char 

martinm1

flaneurs_lobster said:

10_66 said:

pookey said:

 Do people still have this without paying the fee please? The Santander edge 7% account 

I'm tempted to do it and if it gets downgraded just move the money to another account 

Yes, still got it.  I do keep getting Santander's nudges suggesting that I haven't received or don't understand the Edge Current Account terms, but nothing detrimental has happened - yet.

Ditto. Running since 04/09.

I got a message today saying I'm paying a fee for my account.  I've only ever paid in 600 since account opened on 28/09.  I thought there were no fees until I met the cashback requirement of 2 DDs

flaneurs_lobster

martinm1 said:

flaneurs_lobster said:

10_66 said:

pookey said:

 Do people still have this without paying the fee please? The Santander edge 7% account 

I'm tempted to do it and if it gets downgraded just move the money to another account 

Yes, still got it.  I do keep getting Santander's nudges suggesting that I haven't received or don't understand the Edge Current Account terms, but nothing detrimental has happened - yet.

Ditto. Running since 04/09.

I got a message today saying I'm paying a fee for my account.  I've only ever paid in 600 since account opened on 28/09.  I thought there were no fees until I met the cashback requirement of 2 DDs

Was it an email? SMS? In-app?

Can you post it (redacted if it has quoted personal data)?

Mr._H_2

martinm1 said:

flaneurs_lobster said:

10_66 said:

pookey said:

 Do people still have this without paying the fee please? The Santander edge 7% account 

I'm tempted to do it and if it gets downgraded just move the money to another account 

Yes, still got it.  I do keep getting Santander's nudges suggesting that I haven't received or don't understand the Edge Current Account terms, but nothing detrimental has happened - yet.

Ditto. Running since 04/09.

I got a message today saying I'm paying a fee for my account.  I've only ever paid in 600 since account opened on 28/09.  I thought there were no fees until I met the cashback requirement of 2 DDs

It’s probably the same message that some of us reported a few pages back in this thread. The message is probably wrong - has £3 actually been taken out of your account? I got the message but I haven’t been charged the fee.

martinm1

Mr._H_2 said:

martinm1 said:

flaneurs_lobster said:

10_66 said:

pookey said:

 Do people still have this without paying the fee please? The Santander edge 7% account 

I'm tempted to do it and if it gets downgraded just move the money to another account 

Yes, still got it.  I do keep getting Santander's nudges suggesting that I haven't received or don't understand the Edge Current Account terms, but nothing detrimental has happened - yet.

Ditto. Running since 04/09.

I got a message today saying I'm paying a fee for my account.  I've only ever paid in 600 since account opened on 28/09.  I thought there were no fees until I met the cashback requirement of 2 DDs

It’s probably the same message that some of us reported a few pages back in this thread. The message is probably wrong - has £3 actually been taken out of your account? I got the message but I haven’t been charged the fee.

It was a pop up in the app.  I tried to screenshot but it wouldn't let me. No money has gone out of the account yet.  It has a zero balance though.

Mr._H_2

martinm1 said:

Mr._H_2 said:

martinm1 said:

flaneurs_lobster said:

10_66 said:

pookey said:

 Do people still have this without paying the fee please? The Santander edge 7% account 

I'm tempted to do it and if it gets downgraded just move the money to another account 

Yes, still got it.  I do keep getting Santander's nudges suggesting that I haven't received or don't understand the Edge Current Account terms, but nothing detrimental has happened - yet.

Ditto. Running since 04/09.

I got a message today saying I'm paying a fee for my account.  I've only ever paid in 600 since account opened on 28/09.  I thought there were no fees until I met the cashback requirement of 2 DDs

It’s probably the same message that some of us reported a few pages back in this thread. The message is probably wrong - has £3 actually been taken out of your account? I got the message but I haven’t been charged the fee.

It was a pop up in the app.  I tried to screenshot but it wouldn't let me. No money has gone out of the account yet.  It has a zero balance though.

Sounds like the same one I got. Saw it a week or so ago. No fee taken. I just think that whoever programmed the logic that decides who gets shown the message, made a mistake.

Out of an abundance of caution, I have left £3 in all of my Edge accounts, in case Santander erroneously take the fee.

wiseonesomeofthetime

I have received the "important document" that others have reported here already, where Santander apologise for not sending me the key facts about the account. Except of course, they had. I just chose to ignore an element of them 🤣

1spiral

Does anyone know what Coventry classify as the opening date for limited access accounts? Is it the day you physically open it or the date it is first funded? Their T&Cs refer to anniversary of opening but don't define when an account is classed as "open". Thanks in advance.