Regular Savings Accounts: The Best Currently Available List!

gilly56

Does anyone know if you are still entitled to have the Santander 5% reg saver account if you should down-grade your 1-2-3 current account to a '1-2-3 Lite' account?

Special_Saver2

Hi Folks,

Here is this weekend's update.

- Monmouthshire BS First Home Bonus Saver (Issue 2) account added to post 8 paying 0.5% variable interest and a 4% fixed bonus with very restrictive conditions as summarised in my entry in post 8

I will do another update next weekend.

SS2

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For those new to this thread, the first few posts are constantly updated and are here: http://forums.moneysavingexpert.com/...=608697&page=1

Westie983

gilly56 wrote: »

Does anyone know if you are still entitled to have the Santander 5% reg saver account if you should down-grade your 1-2-3 current account to a '1-2-3 Lite' account?

Yes you can as you are still keeping a 1-2-3 product

Westie983

gilly56

@Westie983

Many thanks, good to know! :-)

adindas

gilly56 wrote: »

Does anyone know if you are still entitled to have the Santander 5% reg saver account if you should down-grade your 1-2-3 current account to a '1-2-3 Lite' account?

With so many RSAs with flexible term paying hegher interest than Santander 123 I wonder how many people will still keep their money on Santander 123 account ???

schiff

I regularly do a shed-load of deposits and withdrawals to my 123 account and I couldn't face changing shed-loads of accounts with online companies to another current account. My £5 charge is covered by cash-back.

Speculator

schiff wrote: »

I regularly do a shed-load of deposits and withdrawals to my 123 account and I couldn't face changing shed-loads of accounts with online companies to another current account. My £5 charge is covered by cash-back.

Same, 33 standing orders and rising. utility and debit card cashback more than covers my £5 charge.

Neil_Jones

gilly56 wrote: »

Does anyone know if you are still entitled to have the Santander 5% reg saver account if you should down-grade your 1-2-3 current account to a '1-2-3 Lite' account?

The only prerequisites to a Santander reg saver is to use online banking and have a current account with them, it doesn't have to be a 123 account, though having that doubles the interest rate on offer from 2.5% to 5%.

adindas

schiff wrote: »

I regularly do a shed-load of deposits and withdrawals to my 123 account and I couldn't face changing shed-loads of accounts with online companies to another current account. My £5 charge is covered by cash-back.

Speculator wrote: »

Same, 33 standing orders and rising. utility and debit card cashback more than covers my £5 charge.

Each to their own.

If it is just for the sake of feeding RS, recycling money of about £20.000 a month to feed SO or other purposes each month could still be operated from 3 BOS and 1 Club LLoyds with similar result. Set up the SO to day 1 each month so you just need to feed it once in a month and easy to remember. For RS/ Ac which can not be set up to day one (e.g HSBC, 1st direct, M&S, etc) and all other DD from creditcard concentrate it to one account, the AC you check it fequently.

Doing this Santander 123 could be downgraded to Santnnder 123 lite. As the amount of cashback remain the same, you will up £4 a month,

schiff

adindas wrote: »

Each to their own.

If it is just for the sake of feeding RS, recycling money of about £20.000 a month to feed SO or other purposes each month could still be operated from 3 BOS and 1 Club LLoyds with similar result. Set up the SO to day 1 each month so you just need to feed it once in a month and easy to remember. For RS/ Ac which can not be set up to day one (e.g HSBC, 1st direct, M&S, etc) and all other DD from credit card concentrate it to one account, the AC you check it frequently.

I feed RSs from three BoS accounts, a HSBC current account, a M&S current account, a Nationwide current account and a TSB account, as well as my Santander account. The Santander balance varies due to non-RS activity. £500 to £4000. I need it.

Have I made my case