The Top Easy Access Savings Discussion Area

RG2015

CuparLad said:

RG2015 said:

Okay thanks.

However 5.20% fixed for 12 months from opening is somewhat inconsistent with we can change the interest rate.

The Key Facts document you have linked to states that the rate is variable:

5.20% AER/gross (variable) for 12 months from account opening

I'm afraid it's the account that runs for 12 months, not the rate.

Okay thanks.

I was sure it read 5.20% fixed for 12 months but I must have been mistaken.

KevinG

RG2015 said:

CuparLad said:

RG2015 said:

Okay thanks.

However 5.20% fixed for 12 months from opening is somewhat inconsistent with we can change the interest rate.

The Key Facts document you have linked to states that the rate is variable:

5.20% AER/gross (variable) for 12 months from account opening

I'm afraid it's the account that runs for 12 months, not the rate.

Okay thanks.

I was sure it read 5.20% fixed for 12 months but I must have been mistaken.

You are. It didn't. It was never a fixed rate account.

Bridlington1

Chadsman said:

Bridlington1 said:

For those who have it the NLA Santander Limited Edition Esaver Issue 3 to reduce from 5.2% to 4.2% from 8/5/24

Did you get this from an email, letter...?

It was in an MSE article, which appears on the RHS of my screen. Apologies, I seem to be getting sloppy with citations of late.

It has been confirmed in the webchat of the app. They've also said that they are unaware of any planned changes to the interest rate on the 7% Edge Saver.

RG2015

KevinG said:

RG2015 said:

CuparLad said:

RG2015 said:

Okay thanks.

However 5.20% fixed for 12 months from opening is somewhat inconsistent with we can change the interest rate.

The Key Facts document you have linked to states that the rate is variable:

5.20% AER/gross (variable) for 12 months from account opening

I'm afraid it's the account that runs for 12 months, not the rate.

Okay thanks.

I was sure it read 5.20% fixed for 12 months but I must have been mistaken.

You are. It didn't. It was never a fixed rate account.

Okay thanks.

I am so grateful that you have confirmed that I was mistaken. 

RG2015

Bridlington1 said:

Chadsman said:

Bridlington1 said:

For those who have it the NLA Santander Limited Edition Esaver Issue 3 to reduce from 5.2% to 4.2% from 8/5/24

Did you get this from an email, letter...?

It was in an MSE article, which appears on the RHS of my screen. Apologies, I seem to be getting sloppy with citations of late.

It has been confirmed in the webchat of the app. They've also said that they are unaware of any planned changes to the interest rate on the 7% Edge Saver.

It's ironic that the news source was in front of us all the time on the MSE news feed.

As regards your failure to add your source, the truth is that your reputation is the only citation required. 

jaypers

Drop is on 20/5 not 8/5.

rallycurve

jaypers said:

Drop is on 20/5 not 8/5.

They've just updated the MSE page. It said the 8th earlier

RG2015

jaypers said:

Drop is on 20/5 not 8/5.

Debatable, as MSE are showing both dates in different sections of the report.

Let's wait and see if they correct it any time soon.

Also, @Bridlington1 said they confirmed this on the Santander app webchat. Maybe they have the correct date from the horse's mouth.

Bridlington1

RG2015 said:

jaypers said:

Drop is on 20/5 not 8/5.

Debatable, as MSE are showing both dates in different sections of the report.

Let's wait and see if they correct it any time soon.

Also, @Bridlington1 said they confirmed this on the Santander app webchat. Maybe they have the correct date from the horse's mouth.

I've just phoned them to query this and after a couple of minutes on hold they said the rate will indeed reduce on 20th May and not 8th May as the article originally stated so we've 12 more days at the 5.2% rate than I'd originally been led to believe. I'll update my original post to reflect this.

Bridlington1

Bridlington1 said:

@soulsaver
Paragon Dble Access Iss6 5.16% £1k min now NLA. To be replaced by Issue 7 at 5.05% tomorrow.

Issue 7 at 5.05% is now live as advertised:
https://www.paragonbank.co.uk/savings/double-access-account