The Top Easy Access Savings Discussion Area

Mrnkar_2

soulsaver said:

If you click on the link it says they are not accepting applications at this time, but, if you are logged in, it appears to allow you (me) to apply for this, and the 3.00% double access - implying these are still available to existing customers?

I can't test this conclusively as I already hold both accounts. 


Aldermore E. A. 2.75% (in 11/11, NLA 16/11) Easy Access Savings Accounts, Instant Access Savings Accounts - Aldermore Bank

I can confirm the double access is still available to existing customers as I have just opened one.

phillw

where_are_we said:

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.

No, and even the interest is beatable. Even if you had maxed out all other higher interest rate options, the 4% still doesn't make up for the lower cashback.

What I don't get is why santander pushed the 123 lite so hard recently with the double fuel cashback and then canned it.

Section62

phillw said:

What I don't get is why santander pushed the 123 lite so hard recently with the double fuel cashback and then canned it.

It also applied to the full 123 current account, which (for the time being) they aren't dropping.

If they'd given double cashback for the full account but not the Lite there would have been complaints.

RG2015

phillw said:

where_are_we said:

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.

No, and even the interest is beatable. Even if you had maxed out all other higher interest rate options, the 4% still doesn't make up for the lower cashback.

What I don't get is why santander pushed the 123 lite so hard recently with the double fuel cashback and then canned it.

Has the 123 Lite been discontinued?

ForumUser7

RG2015 said:

phillw said:

where_are_we said:

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.

No, and even the interest is beatable. Even if you had maxed out all other higher interest rate options, the 4% still doesn't make up for the lower cashback.

What I don't get is why santander pushed the 123 lite so hard recently with the double fuel cashback and then canned it.

Has the 123 Lite been discontinued?

I think so - it's NLA on their website

Section62

RG2015 said:

phillw said:

where_are_we said:

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.

No, and even the interest is beatable. Even if you had maxed out all other higher interest rate options, the 4% still doesn't make up for the lower cashback.

What I don't get is why santander pushed the 123 lite so hard recently with the double fuel cashback and then canned it.

Has the 123 Lite been discontinued?

Seems so -

"From 22 November 2022 we removed the 1|2|3 Lite Current Account from our product range."

https://www.santander.co.uk/personal/support/current-accounts/important-information-for-accounts-no-longer-available-to-open

Band7

Don't think I have seen this one here before. Could be a useful account for anyone wanting to park a large sum for a while

• Minimum opening deposit £25,000
• 3% AER var for £25,000+
• 0.05% AER var if balance falls below £25,000
• easy access
• apply and manage online (or in Branch or by Post)

https://www.monbs.com/products/premium-instant-account/

EDIT: Their online application is a fairly basic implementation of their paper application form, and you don't get an instant acceptance. As of now, I don't know how long it takes to get access to the account.

EDIT 2: I called them on Nov 25, day after I applied online. I am told the turnaround time is 5 working days and they will snail mail account opening confirmation. 

flaneurs_lobster

Please forgive a naive general question, the above account pays interest annually on 31 March - if I deposit £25K today then close the account in a month would I have to wait until 31/3 for interest owing?

t1redmonkey

flaneurs_lobster said:

Please forgive a naive general question, the above account pays interest annually on 31 March - if I deposit £25K today then close the account in a month would I have to wait until 31/3 for interest owing?

I had a quick look through the Ts and Cs and couldn't see anything concrete to answer that, but generally when you close a savings account, they'll immediately pay out any interest upon closure regardless if the interest is meant to be paid monthly/annually.  You'll maybe need to ask them directly to be certain on that though.

soulsaver

Band7 said:

Don't think I have seen this one here before. Could be a useful account for anyone wanting to park a large sum for a while

• Minimum opening deposit £25,000
• 3% AER var for £25,000+
• 0.05% AER var if balance falls below £25,000
• easy access
• apply and manage online (or in Branch or by Post)

https://www.monbs.com/products/premium-instant-account/

EDIT: Their online application is a fairly basic implementation of their paper application form, and you don't get an instant acceptance. As of now, I don't know how long it takes to get access to the account.

Thanks. Added to the ToTP, at No.1, with some reservations with what, in essence, is a 'min' balance as high as that... 

There'll be a culling at the bottom of the list today; see if any of them are motivated to act.