The Top Easy Access Savings Discussion Area

badger09

savdefriz wrote: »

Currently we have 2 separate Santander 123 accounts in separate names. If we open a third in joint names can we transfer money from one account to another provider, and then into the joint account to get round the Non-Santander funding rule for the £500, or would they be smart to that?

Yes
As long as you pay the £500 pm into each of your 123 accounts from outside Santander, you will meet that particular T&C. And no, they won't be 'smart' to that :cool:

I-LOV-MONEY

Archi_Bald wrote: »

Sure, you should be able to close any current account whenever you like, provided you are not overdrawn.

I was thinking of the NW FlexDirect account, which isn't a current account, is it?

rb10

I-LOV-MONEY wrote: »

I was thinking of the NW FlexDirect account, which isn't a current account, is it?

The Nationwide FlexDirect account is a current account.

nigreeves

Hi Archi bald

I can't find anything on Nationwide website to say i don't have to pay in £1000 a month to flex account if i have an e saver.

Can you point me to this info please.

rb10

nigreeves wrote: »

Hi Archi bald

I can't find anything on Nationwide website to say i don't have to pay in £1000 a month to flex account if i have an e saver.

Can you point me to this info please.

Archi Bald was using the abbreviation 'FD' to refer to 'First Direct' and not 'Flex Direct'.

The £1000/month requirement for the Flex Direct account is unchanged whether or not you have an e-saver.

randm

Hi, we have 20,000 that will get more interest being in this Santander account, but what happens when your 500 comes in each month? Can the account have more than 20,000 in it, and will you get any interest at all on the amount over 20,000 . Thanks!

Herbalus

randm wrote: »

Hi, we have 20,000 that will get more interest being in this Santander account, but what happens when your 500 comes in each month? Can the account have more than 20,000 in it, and will you get any interest at all on the amount over 20,000 . Thanks!

When £500 comes in you will have £20,500 in there. It's a current account, so there's no maximum balance. You just won't earn any interest on the extra £500.

pqrdef

Letter from Nationwide to say this is on the slide now. 15-year rate down from 2.6% to 2.1%.

Rats. There was a rumour that the rates were fixed for 10 years. This was my long stop for when the Netsaver runs out in February.

Actually it still could be - if it's still paying 2.1% next March, it could be the only thing that is.

frugalmike

pqrdef wrote: »

Letter from Nationwide to say this is on the slide now. 15-year rate down from 2.6% to 2.1%.

Rats. There was a rumour that the rates were fixed for 10 years. This was my long stop for when the Netsaver runs out in February.

Actually it still could be - if it's still paying 2.1% next March, it could be the only thing that is.

I've received that letter as well hopefully it won't sink any lower, still got 2 accounts at 2.8% until October AA and Halifax but what to do then :mad:

Doog123

Can I pay £500 per month from my HSBC account into Santander plus a lump of £20000 and pay my main DD's from the Santander Acc. and still hold my HSBC Acc