The Top Easy Access Savings Discussion Area

Silverbullet036

Matt1510 said:

I've no idea how you managed to open your account and transferred funds in a couple of minutes max. I applied for the account via the Santander mobile app. Ended up with a reference number and "We'll complete some final checks before we open your account. These can take up to 3 working days, but are usually done within a couple of hours. We'll let you know when your account has been opened."

I did the same and it went through in seconds. Looked on my account screen and it was there in the time it took me to press a couple of clicks

Freebird53

financialbliss said:

Will I need a current account with them? Guess their everyday current account would be fine?

Just set up a new payee. (Your donor account)

mlc2009

Moved some cash out of chase. Got a text telling me to contact them via app. Requested a call back. Got a call back from a call center in Glasgow but honestly could have been from anywhere in Asia judging from quality of the line. Immediately hung up and rang back from main website

Thumbs_Up

I have opened an account and funded with a £1. I need to wait for the paperwork to arrived so I can view the account on-line.

Please Mr. Postie, no wildcat strikes please until I get the said paperwork, then you can go on strike for all I care, fill your boots, because I will be filling up this account that is for sure.

This will also give the other banks who are asleep on the job a kick up the backside. Hoorah!

dc_scotland

To those having trouble getting through, Santander have dropped their 0800 and some other numbers recently.  The new number is 0330 912 3123

gwapenut

km1500 said:

yrs - if you opt for annual interest all the interest you earn will be in the next tax year - if you opt for monthly interest then some of it will be in this tax year

Are we sure about this, can anyone with an older esaver comment? It says paid annually, but sometimes with some providers that means once a year at the end of the current tax year.

I know their regular savers pay on maturity, but this says annually, rather than on the anniversary of opening.

I want to defer interest until the next tax year!

silvermum

Still had a Santander Everday Current account with £5 in  so applied and opened the eSaver from the webpage. Processed immediately and is now showing on my phone app.

Now the task of moving money out of Paragon and Nationwide accounts... 

chris_the_bee

I-LOV-MONEY said:

Hi.  I have just opened the Santander account.   It seems to have found two old accounts that I had years ago (I don't remember them!).  Can I create a new id?   Their customer service telephone numbers are 0845.   I thought those numbers had been abolished and replaced by 0345 numbers.   Presuming the number on the page 0845 328 1328 works with 0345, I just tried it, and it is engaged (!).  That is a hopeful sign, as if it wasn't working it would be number unobtainable.

Anyway, having created the account, how do I register for a new id, and how do I fund the account?

Thanks for your help.

Use your old ID. I just opened an account and they sent me an email telling me I already had two online ID's (which I had forgotten about) and telling me what they were.

artyboy

silvermum said:

Still had a Santander Everday Current account with £5 in  so applied and opened the eSaver from the webpage. Processed immediately and is now showing on my phone app.

Now the task of moving money out of Paragon and Nationwide accounts... 

Ditto, that was spectacularly quick and easy to sort out... and will mean that once it's all in there (from Paragon), it will be genuinely instant access - rather than having to wait till next day for transfers...

Looks like Santander is back in the game.

Beddie

Noneforit999 said:

Nick_C said:

Noneforit999 said:

Daliah said:

Nick_C said:

  The way interest rates are going, I can see that I might exceed the £1k tax free threshold next year.

Lovely problem to have 

To be fair its only about £37k ish at 2.75% so a lot of people are suddenly going to find themselves over this.

If you are a higher rate tax payer you are going to hit it fairly easily, especially if you fix at say 4%. I think its about £12500 in savings at 4% fixed is going to put a higher rate tax payer over the personal allowance.

We have the proceeds of our house sale in savings at the moment, waiting on some land registry changes before we can buy my wifes sister out of an inheritance house so we have £180k in easy access and we are likely to end up using both our personal savings this year. 

I have nowhere near that amount of cash, but I do have about £20k and I can 5% being the norm next year.  I've already got almost £9k earning 5%.

I don't want the hassle of declaring and paying tax on a few quid over the threshold.  I've got 27 savings accounts with 18 institutions.  Some of them paying pennies a year.

I really don't have the time to keep moving money between savings accounts like that.

We have had £180k in chase for four months now and I am only about to jump ship to Santander as the rate has increased to make it worth my time.

With a £25k a day limit, it takes me a week to move the money anyway so I can't be bothered to keep doing this for 0.25% change each time, hence why I just wait for a decent difference in the rate and then move once.

I feel the same, with a smaller amount but still significant. I could move to them for an extra 0.4%, but the faff of setting up the account and moving the money in stages is not worth it. After all, in a month when rates go up another 0.5% (probably) there'll be a new best rate, so get moving again. This kind of rate chasing for every penny is popular on here, but it's not what most people do.