Regular Savings Accounts: The Best Currently Available List!

youngretired

Can you close a Santander regular saver without opening a new 2.75%. I know the T&C's state that you can close your old 2.5% to take out the new 2.75%, but what if you just want to close it as you now have the 2.75% E-Saver? I can't find anything about being able to close the account apart from within 14 days cooling off period or maturity. Has anyone actually closed the old 2.5% regular saver and not open the new 2.75%?

bristolleedsfan

youngretired said:

 Has anyone actually closed the old 2.5% regular saver and not open the new 2.75%?

Yes ,,,,,,,,,

RG2015

youngretired said:

Can you close a Santander regular saver without opening a new 2.75%. I know the T&C's state that you can close your old 2.5% to take out the new 2.75%, but what if you just want to close it as you now have the 2.75% E-Saver? I can't find anything about being able to close the account apart from within 14 days cooling off period or maturity. Has anyone actually closed the old 2.5% regular saver and not open the new 2.75%?

I requested it earlier today in the online chat bot. It said it may take 2 days but it is now complete with the balance plus accrued interest now in my 123 Lite account.

Just about to move it to my  new easy access 2.75% account.

trickydicky14

Well, this is starting to get silly, I’ve only just dumped loads of cash into my YBS six access account at 2.5% so off we go again, next station we will be calling at is Santander hold on tight and mind the gap!

wiseonesomeofthetime

trickydicky14 said:

Well, this is starting to get silly, I’ve only just dumped loads of cash into my YBS six access account at 2.5% so off we go again, next station we will be calling at is Santander hold on tight and mind the gap!

And watch YBS increase their's to 3.0% after the Nov BoE meeting announcement 🤣

I have left my YBS money there, for the moment.

0.25% for 4-6 weeks is not a lot for what is in there and saves wasting a withdrawal.

Edit: Oops, just noticed this is the RS thread. Off topic really 🤦‍♂️

dcs34

Taking the risk on closing regular savers below 2.75%, watch them all up the rates next week and restrict new account openings for the unfaithful!

soulsaver

LBG never seem to add increase to existing RSs, though.

Daliah

dcs34 said:

Taking the risk on closing regular savers below 2.75%, watch them all up the rates next week and restrict new account openings for the unfaithful!

Those on fixed rates won't. And those who think they should punish their customers will come to regret it sooner or later.

MiserlyMartin

trickydicky14 said:

Well, this is starting to get silly, I’ve only just dumped loads of cash into my YBS six access account at 2.5% so off we go again, next station we will be calling at is Santander hold on tight and mind the gap!

Yep me too. Well the banks have only themselves to blame and we must teach them a lesson by voting with our feet and money. I'm opening a new account nearly every day. With ISAs finally, a better ISA is coming out all the time. Last week I transferred an isa to Paragon Bank for 1.9%, now I opened a new Coventry ISA 2.25% and requested a transfer in from Paragon only the same day the funds hit paragon!

Let these Banks scramble for our money, savers have suffered for decades and we are still at negative real rates

MiserlyMartin

wiseonesomeofthetime said:

trickydicky14 said:

Well, this is starting to get silly, I’ve only just dumped loads of cash into my YBS six access account at 2.5% so off we go again, next station we will be calling at is Santander hold on tight and mind the gap!

And watch YBS increase their's to 3.0% after the Nov BoE meeting announcement 🤣

I have left my YBS money there, for the moment.

0.25% for 4-6 weeks is not a lot for what is in there and saves wasting a withdrawal.

Edit: Oops, just noticed this is the RS thread. Off topic really 🤦‍♂️

The BoE rate rise needs to be 0.75%, they chickened out last time and look what happened. If its 0.75% YBS needs to pass on the full rise, but mostly they and others only pass on a partial rise, so it will be 0.5% or something like that - 3% probably a good guess