The Top Easy Access Savings Discussion Area

Yellowman

chris_the_bee said:

sturgeon said:

I was about to open a Cynergy account as the fuss with Santander to post documents is laughable.

A large number of accounts have been opened without any documents being required. They may be required if there is a difference between Santander's record and the application form. You could apply and see if you are accepted first time. 

I was required to provide documents when I applied for this Santander eSaver, but I have never before been a Santander customer.

I was told on the telephone that the requirement for documents may be because I have been a customer of a bank / building society taken over by Santander, but I cannot think of any.

TomDolan

just got this from Tandem:

Your interest rate will be increasing from 1.83% gross / 1.85% AER to 2.03% gross / 2.05% AER.

Save more today!

Hi Tom,

Great news! We're just about to increase the interest rate on your Instant Saver to 2.03% gross / 2.05% AER, and we can't wait to help you save and hit your money goals. We'll apply this higher rate to your account automatically, so you don't need to do anything and you don't need to contact us. Your account will update and you'll see your new rate in the app by the end of the day on Friday the 14th October 2022. Happy saving.

mebu60

Yellowman said:

chris_the_bee said:

sturgeon said:

I was about to open a Cynergy account as the fuss with Santander to post documents is laughable.

A large number of accounts have been opened without any documents being required. They may be required if there is a difference between Santander's record and the application form. You could apply and see if you are accepted first time. 

I was required to provide documents when I applied for this Santander eSaver, but I have never before been a Santander customer.

I was told on the telephone that the requirement for documents may be because I have been a customer of a bank / building society taken over by Santander, but I cannot think of any.

Alliance & Leicester

pecunianonolet

Yellowman said:

chris_the_bee said:

sturgeon said:

I was about to open a Cynergy account as the fuss with Santander to post documents is laughable.

A large number of accounts have been opened without any documents being required. They may be required if there is a difference between Santander's record and the application form. You could apply and see if you are accepted first time. 

I was required to provide documents when I applied for this Santander eSaver, but I have never before been a Santander customer.

I was told on the telephone that the requirement for documents may be because I have been a customer of a bank / building society taken over by Santander, but I cannot think of any.

See my first post a few pages back. Go to the branch if one is near you and you are sorted. Most don't need documents send in, more a automatic system message/security feature I've been told.

AndyTh_2

mebu60 said:

Yellowman said:

chris_the_bee said:

sturgeon said:

I was about to open a Cynergy account as the fuss with Santander to post documents is laughable.

A large number of accounts have been opened without any documents being required. They may be required if there is a difference between Santander's record and the application form. You could apply and see if you are accepted first time. 

I was required to provide documents when I applied for this Santander eSaver, but I have never before been a Santander customer.

I was told on the telephone that the requirement for documents may be because I have been a customer of a bank / building society taken over by Santander, but I cannot think of any.

Alliance & Leicester

Also Abbey (National), and Bradford and Bingley.

https://www.santander.co.uk/about-santander/our-history

I remember switching between A&L and Abbey every year for bonus somethings before they merged.

liamcov

Daliah said:

Nick_C said:

jaypers said:

M4rtyman said:

I  won't be touching the Santander account. They are a nightmare to deal with. As soon as you try and transfer any money, they will block the transfer and the login to your account.

My old man's been with them for years and last week was the last straw, when he tried to xfer 15k to a Zopa account. Took over a week to get resolved - multiple phone calls, the lot

Probably generalising a little here on what sounds like a specific, albeit frustrating, case impacting 1 customer.

I have read many reports of Santander being over zealous in their blocking of accounts for what they regard as Suspicious Activity.

I've opened the account, but wouldn't place all my savings there. 

I have been a Santander customer for over 10 years and would not agree that they are overzealous when it comes to extra checks on payments. 

Yes, I have also been caught by an automated, random, security check, and even had my online access suspended. This is the result of the efforts of Consumer Activist groups, who demanded that banks must reimburse APP fraud victims. In absolutely no time, this has even created new opportunities for fraudsters.  It is therefore completely unsurprising that banks are now taking measures to protect themselves, and we are all feeling the effects of it. 

In any case, though, getting a blocked payment lifted, and re-gain online access, isn’t difficult to do. It is just timeconsuming and annoying but the people to blame for it are the feckless who ignore  the copious warnings about money transfers, the ‘cunning’ fraudsters, and the Consumer Activists who don’t appear to believe in personal responsibility.

I do agree with the principle, though, of not having all your money in a single bank, or even with a single banking group.

Completely agree, although we may be seen as a lower risk if (like me) Santander is your 'normal' bank account - so regularly transferring money in and out of accounts. I'm sure they are more cautious with new account holders or those with very little activity?

RedImp_2

Marcus rate increases to 2% (effective) .  Still not really competitive at the top end but I always think at least it helps the thousands of people who don’t frequent these forums and not financially savvy to switch money around 

razord

Good news – we're increasing the Chase saver account interest rate from 1.5% AER (1.49% gross) variable to 2.1% AER (2.08% gross) variable, effective from 24 October 2022.

Futuristic

Chase - We're increasing the interest rate to 2.1% AER effective from 24 October 2022

financialbliss

Email just in...

Good news – we're increasing the Chase saver account interest rate from 1.5% AER (1.49% gross) variable to 2.1% AER (2.08% gross) variable, effective from 24 October 2022.

Too little and far too late...