The Top Easy Access Savings Discussion Area

SeriousHoax

SeriousHoax said:

I've got a feeling Marcus + Zopa will be making a move shortly.😎

They've been rather quiet for the last few weeks.

Zopa now showing 2.15%

msallen

myth123 said:

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.

Me too, but I got three emails with time-stamps covering  a range of 1 minute, the final one being that my new account was open, so transfer from 2% account at NW (where it was sitting waiting for Al Rayan to complete the opening of my 2.35% account requested last week) completed within 5 minutes from finding out about new rate.

Bigwheels1111

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.

0330 9 123 123 thats the one ive been using today.

Bigwheels1111

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.

Now 35k from memory

I-LOV-MONEY

Bigwheels1111 said:

0330 9 123 123 thats the one ive been using today.

Yes, I have tried that and get the message 'longer than usual call waiting times'  I think I will wait for the letter(s).

They have e-mailed me the sort code and account number, but if I used that, I have no way to prove it has gone in at the present.

Bigwheels1111

I-LOV-MONEY said:

Bigwheels1111 said:

0330 9 123 123 thats the one ive been using today.

Yes, I have tried that and get the message 'longer than usual call waiting times'  I think I will wait for the letter(s).

They have e-mailed me the sort code and account number, but if I used that, I have no way to prove it has gone in at the present.

Said the same thing to me, 2 calls and on hold for 5/8 mins each time.

Savings_Dave

Good news for savers 

Although the cynic in me says that they need the money / funding ?

https://www.theguardian.com/business/2022/oct/11/rise-in-uk-borrowers-falling-behind-on-mortgage-payments-says-santander

I think the reference letters for Santander always start with OLA which is Portuguese for hello - didn't notice this before!

TiVo_Lad

It seems like all the banks and building societies are overwhelmed. I cancelled my Santander application after they failed to open it after more than a month (and having spent more than 2 hours in total on the phone to them chasing them up) and I've just spent 1hr 39 mins on hold to speak to someone at Charter Savings Bank.

S_uk

Has anyone found their transfers to Santander take a while to show? I did some payments before and it was pretty much instant, whereas I just another payment an hour ago and it still isn't showing?

john1950

Opened the ESaver Limited Edition Issue 1 and checked it was active by using the log in for the 123 current account I closed in 2020. All seems o/k so I have transferred a test sum of £100 to check if it works. It did and the balance is £100 but have just noticed (a bit late) that withdrawls appear to need another Santander account or possibly a current account with Santander.

Now this is o/k because they do offer a basic account with no monthly fee but I would prefer not to have a current account with Santander if possible.

Have I misunderstood their reference to "Online Banking" to mean that I must have a current account with them?