The Top Easy Access Savings Discussion Area

BigBlueSky

cricidmuslibale said:

Just for info: The Moneyfacts.co.uk website is currently undergoing site maintenance. Presumably it will be back up and running again as usual by tomorrow morning.

Seems to be working fine for me at the moment....

Chloe_G

I posted Aldermore a bank statement as they couldn't verify my linked account.  Now I've had an email saying they haven't received it... so ridiculous when I've had accounts with them in the past.

Band7

An oddballl 4% AER on max £4,000 for max 1 year for holders of the new Santander Edge current account. The current account costs £3 a month and offers up to £20 cashback a month.

https://www.santander.co.uk/personal/savings-and-investments/savings/santander-edge-saver

ForumUser7

Bath Building Society Rate Changes (Effective 1st December):

Find out how your savings account's interest rate will change: https://www.bathbuildingsociety.co.uk/personal-savings/accounts/view-all-interest-rates/

Customers may get emails later in the day confirming the new rates, but thought I'd post them seeing as they are on the website already.

kaMelo

Band7 said:

An oddballl 4% AER on max £4,000 for max 1 year for holders of the new Santander Edge current account. The current account costs £3 a month and offers up to £20 cashback a month.

https://www.santander.co.uk/personal/savings-and-investments/savings/santander-edge-saver

How to make life complicated.

Just done the sums and it's about 50 pence gain per month over a 123 lite + Amex. I don't think I can be bothered.

Band7

kaMelo said:

Band7 said:

An oddballl 4% AER on max £4,000 for max 1 year for holders of the new Santander Edge current account. The current account costs £3 a month and offers up to £20 cashback a month.

https://www.santander.co.uk/personal/savings-and-investments/savings/santander-edge-saver

How to make life complicated.

Just done the sums and it's about 50 pence gain per month over a 123 lite + Amex. I don't think I can be bothered.

It's not worth it for me, either. I also don't like that it seems not longer possible to switch back to a 123 Lite. Though it could be worth it for some of those who don't have another card cashback option and/or still don't get cashback on their DDs

Bridlington1

kaMelo said:

Band7 said:

An oddballl 4% AER on max £4,000 for max 1 year for holders of the new Santander Edge current account. The current account costs £3 a month and offers up to £20 cashback a month.

https://www.santander.co.uk/personal/savings-and-investments/savings/santander-edge-saver

How to make life complicated.

Just done the sums and it's about 50 pence gain per month over a 123 lite + Amex. I don't think I can be bothered.

Assuming you have 2 DDs and £4k to spare and you've "filled" all savings accounts paying 4%+, you will get £40 extra in interest over the course of a year with the Santander edge saver (assuming the top EA account remains at 3%). Take off the £3/mth fee and that figure sits at £4 per year plus any cashback, So you could run it alongside the 123 lite account though it wouldn't gain you much and if the top easy access rate rises above 3.1% elsewhere it would start running at a loss again.

where_are_we

Santander Edge - Is it possible to close one`s 123lite and open a new edge current account in it`s place? This would mean "switching" internally like a Cass switch. If this was possible would it be worth it? It would cost £1 a month more than having 123lite but you would gain about £40 in interest over a year.

where_are_we

Just realised you would get less cashback on household bills with Santander Edge than you would with 123lite. Edge is not such a good account then.

Band7

where_are_we said:

Santander Edge - Is it possible to close one`s 123lite and open a new edge current account in it`s place? This would mean "switching" internally like a Cass switch. If this was possible would it be worth it? It would cost £1 a month more than having 123lite but you would gain about £40 in interest over a year.

You can just upgrade/sidegrade your 123 Lite. All the account details stay the same, so no switching of any sort is required. AFAIK, it is a one-way street, though - you can't go back to a 123 Lite if you later change your mind. Be sure you really will get a better deal with Edge before you commit.