Santander Regular eSaver

Growingold

Just seen that from 4th May interest rate on this fixed rate regular saver account is 0.75%.   So if you have a maturing regular esaver or a new application this is the current rate on offer.   

YBR

Glad you brought this to my attention. I'm currently getting 3% on mine and it's set to roll over in a month or two. Must make other arrangements!

RG2015

Growingold said:

Just seen that from 4th May interest rate on this fixed rate regular saver account is 0.75%.   So if you have a maturing regular esaver or a new application this is the current rate on offer.   

Some people may have received their maturity letter before the rate reduction was announced. This is usually two weeks before maturity and if this is the case they will get the previous rate of 1.50%

Growingold

RG2015 said:

Growingold said:

Just seen that from 4th May interest rate on this fixed rate regular saver account is 0.75%.   So if you have a maturing regular esaver or a new application this is the current rate on offer.   

Some people may have received their maturity letter before the rate reduction was announced. This is usually two weeks before maturity and if this is the case they will get the previous rate of 1.50%

A good point.  In that case 1.5% might be worth considering but unless they bring out a better rate for later maturing regular esavers I won't be renewing at 0.75%. 

roddydogs

Wonder if they'll drop the monthly saver from 2.5% at next renewal.

Robin9

Regular e Saver Issue 8  is already 2.5%

[Deleted User]

roddydogs said:

Wonder if they'll drop the monthly saver from 2.5% at next renewal.

I'm not sure I understand this. I think Santander only has the one Regular Saver which has just dropped to 0.75% fixed for renewals/new applications from 4 May.

vernall

Mine has matured today at 3%.....I have not received a rate reduction letter so I have left the SO open in the hope it renews at 1.5%, if it renews at 0.75% I will close it 

eddie7612

roddydogs said:

Wonder if they'll drop the monthly saver from 2.5% at next renewal.

Do you mean the Club Lloyds one?

RG2015

vernall said:

Mine has matured today at 3%.....I have not received a rate reduction letter so I have left the SO open in the hope it renews at 1.5%, if it renews at 0.75% I will close it 

If yours has matured today you will have a maturity letter in e-Documents when you are logged into Santander online banking. This will tell you the issue number and the rate. Issue 10 is 1.50% and Issue 11 is 0.75%. 

vernall

Just checked and its Issue 10 so i get 1.5% for another year