Regular Savings Accounts: The Best Currently Available List!

patientperson

Ashen wrote: »

As someone who doesn't often call the bank, what sort of information, security or otherwise, do Santander need when you phone up to apply?

All your normal login info - asked for characters but not all .. and easy your name, address, telephone number, DoB.

patientperson

Stompa wrote: »

That's not an entirely fair comparison though, as this is an account you can have in addition to your 123 account not instead of. Though I agree it's still a pretty paltry amount.

Agreed .. just another regular saver to me. (Tally now 60).

laidbackgjr

Well in less than an hour I have been able to open the account on the phone and set up the online SO which has now transferred £200 from my 123 account to the regular saver. All looking good for some extra savings at higher interest rates!

Speculator

laidbackgjr wrote: »

Well in less than an hour I have been able to open the account on the phone and set up the online SO which has now transferred £200 from my 123 account to the regular saver. All looking good for some extra savings at higher interest rates!

Are you allowed to transfer money in or is it Standing order only?


From the "full details" page


The Regular eSaver must be funded from your Santander current account via a standing order

Stompa

patientperson wrote: »

All your normal login info - asked for characters but not all .. and easy your name, address, telephone number, DoB.

I wasn't asked for any of my login info, just my existing account number along with name, address, DOB etc.

patientperson

Speculator wrote: »

Are you allowed to transfer money in or is it Standing order only?

From the "full details" page

The Regular eSaver must be funded from your Santander current account via a standing order

By STO only but the new regular saver account does appear on internal transfer drop down options. Perhaps Santander want you to use a STO but there appears to be no reason why one cannot use the transfer option either. In view of the fact that one can make multiple deposits in a month (upto £200 max) then it is not so realistic to have multiple STO to achieve that.

ManAtHome

Managed it in (just) under 12 mins - most of the time taken up with all the bum-covering guff (full marks to C/S for not groaning before starting to read it to you).

Info needed: Name, Address, DoB, Sort code, Account number, last 4 digits of debit card, expiry date, CVV code, email address, mobile number.

bristolleedsfan

patientperson wrote: »

By STO only but the new regular saver account does appear on internal transfer drop down options. .

Account opened this morning in branch, only option 15 minutes with Personal Banker.

S.O set up to go out tomorrow, I just took a look, clicked on Standing Order, could see MonthlySaver, clicked "take me to" and there is an option to amend amount and date etc.

laidbackgjr

laidbackgjr wrote: »

Well in less than an hour I have been able to open the account on the phone and set up the online SO which has now transferred £200 from my 123 account to the regular saver. All looking good for some extra savings at higher interest rates!

Speculator wrote: »

Are you allowed to transfer money in or is it Standing order only?


From the "full details" page


The Regular eSaver must be funded from your Santander current account via a standing order

For avoidance of any confusion as my post says - I set up the SO and it was the SO that transferred the money across - so fully as per the regular saver T&C's.

patientperson

patientperson wrote: »

By STO only but the new regular saver account does appear on internal transfer drop down options. Perhaps Santander want you to use a STO but there appears to be no reason why one cannot use the transfer option either. In view of the fact that one can make multiple deposits in a month (upto £200 max) then it is not so realistic to have multiple STO to achieve that.

Email received from Santander with the following relevant extract:

Eligibility requirements
The Regular eSaver account has a funding limit of £200 every month, if you deposit more than £200 in any month,
Santander reserve the right to revert your account to an Everyday Saver account and you will no longer be eligible for the interest rate on the Regular eSaver.

The Regular eSaver must be funded from your Santander current account by a standing order. If you fund your Regular
eSaver account by any method other than by standing order from your Santander current account, we reserve the right to transfer your account to an Everyday Saver account.