The Top Easy Access Savings Discussion Area

janusd

jaypers said:

vickyholly said:

Hi , does anyone know if Santander is linked to any other banks please?

This is a useful resource - https://www.bankofengland.co.uk/-/media/boe/files/prudential-regulation/authorisations/which-firms-does-the-pra-regulate/2019/fscs%20banking%20brands%2005%20december%202019.pdf

it hasn't changed much, but this is the 2021 (latest) version of the above.

https://www.bankofengland.co.uk/-/media/boe/files/prudential-regulation/authorisations/which-firms-does-the-pra-regulate/2021/list-of-banking-brands-june-2021.pdf

... though I notice that Al Rayan is in the 2019 list, but not the 2021 version.

and there is also the FSCS checker, where you can put your balances in for each bank and it works out your FSCS liability.

https://www.fscs.org.uk/check-your-money-is-protected/

Nevergonnaretire

I jumped on my existing Santander online account as soon as I saw the 2.75% esaver  mentioned on here. A quick online application from my account and it was done in a few minutes. Threw some money I had access to in there to fund it whilst I wait for a 31 day Zopa pot to mature.

Quick question, I have a regular esaver which I was of course putting the £200 a month in and there's £800 in there. I've dropped the SO down but should I leave that I there or move that to the esaver as well?

Nevergonnaretire

Oh and Zopa seems to have moved as well, 2.15/2.35/2.55 it would seem!

PurplePow

Zopa new rates showing on my Zopa accounts now!

Sea_Shell

Nevergonnaretire said:

I jumped on my existing Santander online account as soon as I saw the 2.75% esaver  mentioned on here. A quick online application from my account and it was done in a few minutes. Threw some money I had access to in there to fund it whilst I wait for a 31 day Zopa pot to mature.

Quick question, I have a regular esaver which I was of course putting the £200 a month in and there's £800 in there. I've dropped the SO down but should I leave that I there or move that to the esaver as well?

AIUI * the Santander Reg eSaver (£200pm) doesn't have a minimum monthly deposit, or the requirement to keep a SO going.   So presumably one can cancel the SO and move the whole balance across to the eSaver.


*happy to be corrected if i've got that wrong, as that's on my list of jobs for tomorrow (already opened the eSaver!)

t1redmonkey

Nevergonnaretire said:

Oh and Zopa seems to have moved as well, 2.15/2.35/2.55 it would seem!

Bit underwhelming after Santander's new account today.

PurplePow

t1redmonkey said:

Nevergonnaretire said:

Oh and Zopa seems to have moved as well, 2.15/2.35/2.55 it would seem!

Bit underwhelming after Santander's new account today.

Certainly is, but nice to have an extra boost whilst I wait for my pots to expire before withdrawing and sending to Santander.

bioboybill

Opened the Santander E-Saver and funded in minutes.

myth123

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."

Mine did the same, seeing a lot of comments here that indicate it was open instantly but mine isn't showing and got an email confirming it can take up to 3 working days.

Nevergonnaretire

Sea_Shell said:

Nevergonnaretire said:

I jumped on my existing Santander online account as soon as I saw the 2.75% esaver  mentioned on here. A quick online application from my account and it was done in a few minutes. Threw some money I had access to in there to fund it whilst I wait for a 31 day Zopa pot to mature.

Quick question, I have a regular esaver which I was of course putting the £200 a month in and there's £800 in there. I've dropped the SO down but should I leave that I there or move that to the esaver as well?

AIUI * the Santander Reg eSaver (£200pm) doesn't have a minimum monthly deposit, or the requirement to keep a SO going.   So presumably one can cancel the SO and move the whole balance across to the eSaver.


*happy to be corrected if i've got that wrong, as that's on my list of jobs for tomorrow (already opened the eSaver!)

Yeah that's my understanding. There is this mentioned in the summary:

If you don’t fund the account from your Santander current account or if you deposit more than £200 in any month, Santander reserve the right to change your account into an Everyday Saver.

But by 'fund' do they mean regularly or just initially which of course has already been done. Also, if I withdrew all bar £1 or something, I assume you'd still get what interest you had earned so far at the end of the year, although of course that's next to nothing anyway so probably not worth worrying about.