The Top Easy Access Savings Discussion Area

homeless9

Apparently Santander will change their rates tomorrow.

ForumUser7

homeless9 said:

Apparently Santander will change their rates tomorrow.

The new rate information is attached below for anyone interested, or wondering: https://www.santander.co.uk/personal/support/savings-and-investments/changes-to-your-savings-accounts

Bigwheels1111

Masetw said:

I tried to register for Al Rayan saver on Friday got to step 4 and it said they would contact me to complete the application... haven't heard since... any ideas on what to do?

Same issue 2 months back when I signed up.
Call at 9.00am, 5 minutes later your account will be open, you will have the sort code and account number.
Then select option 2 on the app and your done.

Sg28

ForumUser7 said:

homeless9 said:

Apparently Santander will change their rates tomorrow.

The new rate information is attached below for anyone interested, or wondering: https://www.santander.co.uk/personal/support/savings-and-investments/changes-to-your-savings-accounts

Is that isa available for new customers? 

where_are_we

Santander new rates - not much good to me. I have emptied my Virgin Current accounts@2% to Yorkshire Loyalty Six Access @2.5% - I wonder if Virgin might up their now underwhelming 2%.

thor

ForumUser7 said:

homeless9 said:

Apparently Santander will change their rates tomorrow.

The new rate information is attached below for anyone interested, or wondering: https://www.santander.co.uk/personal/support/savings-and-investments/changes-to-your-savings-accounts

If that is what Santander are putting their rates up to, I wonder why they simply bother at all. It's clear they do not need to attract any new money so they should have just let it be like HSBC are currently doing.

ForumUser7

Sg28 said:

ForumUser7 said:

homeless9 said:

Apparently Santander will change their rates tomorrow.

The new rate information is attached below for anyone interested, or wondering: https://www.santander.co.uk/personal/support/savings-and-investments/changes-to-your-savings-accounts

Is that isa available for new customers? 

The Good for Life ISA? I don't think so, I couldn't see it on their website, or the Rate for Life when I tried to open one just now.

Nick_C

where_are_we said:

Santander new rates - not much good to me. I have emptied my Virgin Current accounts@2% to Yorkshire Loyalty Six Access @2.5% - I wonder if Virgin might up their now underwhelming 2%.

I've also emptied my Virgin accounts, but to be fair 2% is a very good rate for a current account.

Nick_C

t1redmonkey said:

Question; if you move money on the weekend to a savings account where the money won't show in your account until the Monday, does the interest earned get 'backdated' to the weekend day when the transfer was initiated, or does it only begin once it appears in the new account on the Monday?

I would say you would earn interest from the date showing on the account.

I moved money on Saturday 1/10 to Lloyds and Halifax.  The money was showing on Saturday, but with a date of Monday 3rd.

Payments into Nationwide (internal transfer), YBS, and Principality, all showed online with a credit date of 1/10.

Payments to Cambridge BS, Saffron BS, and Skipton BS made on Saturday have not been credited yet.

Bridlington1

Nick_C said:

t1redmonkey said:

Question; if you move money on the weekend to a savings account where the money won't show in your account until the Monday, does the interest earned get 'backdated' to the weekend day when the transfer was initiated, or does it only begin once it appears in the new account on the Monday?

I would say you would earn interest from the date showing on the account.

I moved money on Saturday 1/10 to Lloyds and Halifax.  The money was showing on Saturday, but with a date of Monday 3rd.

Payments into Nationwide (internal transfer), YBS, and Principality, all showed online with a credit date of 1/10.

Payments to Cambridge BS, Saffron BS, and Skipton BS made on Saturday have not been credited yet.

With Cambridge BS you can make deposits by debit card. I made 3 £500 deposits by debit card on Saturday and they were credited straight away. Though I've found they won't accept debit card deposits of £1k+ in one go.

NS&I debit card deposits earn interest from the day they are made, regardless of whether or not it is a working day. I assume faster payments are the same.