Regular Savings Accounts: The Best Currently Available List!

10_66

Daliah said:

Just went into my Santander Chat for a different reason -  and find that they did ask me an additional question about my RS closure, within a couple of hours of me putting the request up. I did not know about that additional question (no notification), so didn't answer it, and they then closed the case................so I have now tried it again, keeping an eye on the chat this time!

Worth checking whether you are in a similar situation if you are still waiting

This is what happened to me, but as I couldn't be available indefinitely for the chat responses, the chats kept closing.  I ended up ringing.  Strangely though, OH's (despite chat closing once and chat being renewed and closed again) was all done on chat successfully.

Daliah

10_66 said:

Daliah said:

Just went into my Santander Chat for a different reason -  and find that they did ask me an additional question about my RS closure, within a couple of hours of me putting the request up. I did not know about that additional question (no notification), so didn't answer it, and they then closed the case................so I have now tried it again, keeping an eye on the chat this time!

Worth checking whether you are in a similar situation if you are still waiting

This is what happened to me, but as I couldn't be available indefinitely for the chat responses, the chats kept closing.  I ended up ringing.  Strangely though, OH's (despite chat closing once and chat being renewed and closed again) was all done on chat successfully.

I also decided to call as well as I don't have a lot of confidence in that Chat bot. Call was answered surprisingly swiftly, they appear to have a special closure team. I just said 'account closure' when the call handler bot asked for the purpose of my call. No endless waiting in a queue with terrible music, I got put through to a human straight away, who confirmed my account was now closed but it takes up to 2 days before I can open the new RS.

SFindlay

where_are_we said:

Our two different experiences were: Santander closure of RS15 via "chat" took place same day via App and money transferred on the same day. Online "chat" closure took 3 days and money transferred into current account (CA) after the same 3 days. Both transfers included interest. Remember to cancel SO to old RS15 and also wait 2 working days before opening a new RS16. Account numbers change. Despite T&C`s saying you can only add money using a SO from your Santander CA it`s ok to do an immediate first deposit using an internal transfer from your CA. Also when setting up 11 monthly SO`s have your first SO a month after account opening date. This is not a typical calendar month RS where you feed it on the 1st of the month.

There is no need to wait 2 working days from closure to open a new RS16, as soon as closure of RS15 confirmed and funds transferred to current account you can open a new account and send first payment via a transfer from your current account, subsequent payments need only be from your current account it doesn't actually need to be a SO you can do a manual transfer each month if you so wish. 

Daliah

SFindlay said:

where_are_we said:

Our two different experiences were: Santander closure of RS15 via "chat" took place same day via App and money transferred on the same day. Online "chat" closure took 3 days and money transferred into current account (CA) after the same 3 days. Both transfers included interest. Remember to cancel SO to old RS15 and also wait 2 working days before opening a new RS16. Account numbers change. Despite T&C`s saying you can only add money using a SO from your Santander CA it`s ok to do an immediate first deposit using an internal transfer from your CA. Also when setting up 11 monthly SO`s have your first SO a month after account opening date. This is not a typical calendar month RS where you feed it on the 1st of the month.

There is no need to wait 2 working days from closure to open a new RS16, as soon as closure of RS15 confirmed and funds transferred to current account you can open a new account and send first payment......

Super tip, works as you say, thank you! My RS15 got closed within a couple of hours of me calling them this lunchtime. I have now opened and funded RS16.

Frogletina

Frogletina said:

Nick_C said:

Daliah said:

bristolleedsfan said:

Not wanting to get into discussing specific details of deviation(s) has anyone who deviated from Santander reg saver T+C subsequently closed it prematurely without anything being said by Santander or otherwise about having deviated from T+C ?

Still waiting for Santander to respond to my closure request. Did they say anything to you?

I used the chat bot in the app to request closure at 6pm yesterday.  Got a response at 11pm.  Account now closed and interest credited to my current account this morning.  (I emptied the account yesterday.)

I requested via the chat bot on 3/10 and this hasn't been actioned yet

I gave up waiting and rang them this afternoon to close the account

happybagger

Swansea BS Effective 1 November 2022
Regular Saver 2.50% (Paid monthly; AER 2.53%)

Source

cricidmuslibale

happybagger said:

Swansea BS Effective 1 November 2022
Regular Saver 2.50% (Paid monthly; AER 2.53%)

Source

Variable monthly interest rate apparently which is a plus in two ways: 1) because it may go up when conditions allow for this, and 2) because interest is paid monthly rather than annually, which is much more often the norm for most regular savings accounts.

However: Only available to existing customers / members or residents in Wales it says a little lower down.

subjecttocontract

Are there any savings accounts only available to residents in England ?

polymaff

subjecttocontract said:

Are there any savings accounts only available to residents in England ?

Many - all subject to a limited range of acceptable post-codes.

subjecttocontract

Yes I'm sure there are, but that wasn't the question.
Swansea are limiting new applications to Welsh residents. 
Are there any savings accounts that specifically limit applications just from English residents ?

I suspect there arent.

I don't see a problem with postcode restrictions but I do see a problem with restricting a whole nation.