The Top Easy Access Savings Discussion Area

chris_the_bee

Bridlington1 said:

Thank you Santander. My banking affairs have simplified enormously. About half of my regular savers plus a couple of easy access accounts will be emptied and closed in one fell swoop. Coventry, Bank of Scotland, Halifax, Lloyds, Santander regular savers to close, with Bath, Mansfield, SRBS, Loughborough to be emptied. Nationwide 1Y triple access saver to be closed. Al Rayan has days before it too will be emptied.

Might it be a good idea to cease regular payments and withdraw all but the minimum allowed to keep them open? Some of these societies will have to increase their rates surely. Otherwise the mass outflow and lack of new funds may cause them to be underfunded.

smithers1981

Thanks Santander for my fixed mortgage @1.89% til dec ‘26 and my 2.75% savings 

Bridlington1

chris_the_bee said:

Bridlington1 said:

Thank you Santander. My banking affairs have simplified enormously. About half of my regular savers plus a couple of easy access accounts will be emptied and closed in one fell swoop. Coventry, Bank of Scotland, Halifax, Lloyds, Santander regular savers to close, with Bath, Mansfield, SRBS, Loughborough to be emptied. Nationwide 1Y triple access saver to be closed. Al Rayan has days before it too will be emptied.

Might it be a good idea to cease regular payments and withdraw all but the minimum allowed to keep them open? Some of these societies will have to increase their rates surely. Otherwise the mass outflow and lack of new funds may cause them to be underfunded.

By emptied I meant reduce to minimum allowed to keep them open. I'm shutting any with a fixed rate (provided they have no penalties for doing so) as I can't see rates dropping anytime soon. As for Nationwide they seem to keep bringing out new issues rather than increasing the rates on their existing issues so I might as well have the interest from that account now.

julicorn

Do Santander run a credit check for opening the E-Saver account? We're in the middle of a mortgage application and have been holding off on opening new accounts, but I'm very tempted by this one. 

Bridlington1

julicorn said:

Do Santander run a credit check for opening the E-Saver account? We're in the middle of a mortgage application and have been holding off on opening new accounts, but I'm very tempted by this one. 

No. they don't.

julicorn

Bridlington1 said:

julicorn said:

Do Santander run a credit check for opening the E-Saver account? We're in the middle of a mortgage application and have been holding off on opening new accounts, but I'm very tempted by this one. 

No. they don't.

Amazing, thank you!

TomDolan

Thanks to all you nice people, saw the thread 15mins ago.

I am new to Satander but got my account opened in mins, i then sent a test 1£ payment. But I won't know until I receive my login pack in a few days which should have my pin/registration code.

Do Satander confirm receipt of payments by sms/email ?

Swipe

TomDolan said:

Thanks to all you nice people, saw the thread 15mins ago.

I am new to Satander but got my account opened in mins, i then sent a test 1£ payment. But I won't know until I receive my login pack in a few days which should have my pin/registration code.

Do Satander confirm receipt of payments by sms/email ?

I don't believe so. At least I got nothing to confirm my few transactions to the new esaver today

soulsaver

Nevergonnaretire said:

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

Added to the ToTP, ranked top easy access acs here with thanks

refluxer

TomDolan said:

Do Satander confirm receipt of payments by sms/email ?

You can set up email and text/push alerts via their online banking site but not the app.

Options are if the balance falls below or exceeds a certain amount, plus 'deposits greater than' and 'debit greater than'. Setting this to £1 isn't allowed, so I was able to set these to £100 and £50 respectively.

There is a ? (info) button which would presumably tell you the allowed limits, but this doesn't work - at least not on my Chrome browser. 

TBH, having got used to the slickness of banking apps from app-only banks like Atom and Chase, Santander's banking site is like stepping back in time - I think the polite expression would be that it's 'functional'