Santander Reg eSaver

Sea_Shell

wmb194 said:

Sea_Shell said:

I also have TSB and Lloyds, and have reduced their SO's (sic) to £25, which i understand is the minimum.   Not sure if you can close them and have interest paid to date?   Anyone?

The minimum for these is £zero and yes, you can close them early and receive the accrued interest to date.

If you close them early you won't be able to open a new regular saver of the same type until the anniversary of the one you closed.

I realise that, and could be one of the reasons NOT to close them, so I don't lose track of what accounts i've had where!!!

Otherwise I run the risk of getting all exited in a few months time, when they launch a new one at an even better rate than the 2.5% they're currently at (for me).

bakayaro

I think there are two savings account and you want to go with the esaver limited edition which can be funded from a non Santander account.

Sea_Shell

Matt1510 said:

Sea_Shell said:

Matt1510 said:

RG2015 said:

Matt1510 said:

Quick reply.

Why not ask Santander, get yer answer straight from the horses mouth. Santander should know better than anyone.

You might find this strange but banks' customer services sometimes give incorrect information. It can also involve waiting in a telephone queue for 30 minutes or even longer.

There are several users on this site that have vast experience of banking procedures. The OP has been posting here for many years and more than likely knows who to trust to give well considered and authoritative answers. Chances are that more than a few of these will provide an answer.

I guess that is what this forum is all about.

I don't find it strange that the customer service team can sometimes get it wrong, However, my first port of call will be the bank. You might find this strange but asking on a public forum can sometimes result in contradicting/incorrect/harmful and confusing opinions. Granted, not always, but a darned sight more frequently than the banks' c.s.team.

Don't worry Matt.   On the whole I know which forumites "know their stuff" and which ones to ignore. 

[DELETED BY FORUM TEAM]

Trouble is, we can't always post with newbies in mind, as it would be too long-winded.

Sometimes we just have to ask the question we have, and not worry about "what if someone new reads this"

Frequentlyhere

Can I just double-check - is anyone holding the new instant access esaver without a corresponding current account?

I opened the saver yesterday, but realised today that my santander current acc is due to switch away elsewhere tomorrow, so just want to make sure my savings aren't going to go into a black hole somewhere!

surreysaver

trickydicky14 said:

What a difference in attitude between the previous two comments.

Indeed. I prefer to ask those in the know, as staff at banks have a tendency not to have very good product knowledge, or misread questions

Section62

Matt1510 said:

trickydicky14 said:

What a difference in attitude between the previous two comments.

[DELETED BY FORUM TEAM]

There's always an option of not responding at all if you feel someone shouldn't be asking the question they've asked other forum members. I wouldn't think trickydicky14 expected you to respond to Sea_Shell at all, let alone a "grovelling" one. Why the hostility?

@Sea_Shell - good question. I came to the same conclusion as you.  In particular I think the best guide is in the action Santander say they reserve the right to take... i.e. converting the account type, rather than applying an interest penalty. I don't see how they could get away with retrospectively changing the account type and paying less/no interest that you'd earned up to the date of conversion, without that being an express T&C.

pearl123

Matt1510 said:

Quick reply.

Why not ask Santander, get yer answer straight from the horses mouth. Santander should know better than anyone.

I just spent half an hour on the phone to Santander. Phoning them at the moment is not a good idea! 

refluxer

Frequentlyhere said:

Can I just double-check - is anyone holding the new instant access esaver without a corresponding current account?

Yes, I can confirm that you don't need a Santander current account to hold the eSaver.

RG2015

Matt1510 said:

Sea_Shell said:

Matt1510 said:

RG2015 said:

Matt1510 said:

Quick reply.

Why not ask Santander, get yer answer straight from the horses mouth. Santander should know better than anyone.

You might find this strange but banks' customer services sometimes give incorrect information. It can also involve waiting in a telephone queue for 30 minutes or even longer.

There are several users on this site that have vast experience of banking procedures. The OP has been posting here for many years and more than likely knows who to trust to give well considered and authoritative answers. Chances are that more than a few of these will provide an answer.

I guess that is what this forum is all about.

I don't find it strange that the customer service team can sometimes get it wrong, However, my first port of call will be the bank. You might find this strange but asking on a public forum can sometimes result in contradicting/incorrect/harmful and confusing opinions. Granted, not always, but a darned sight more frequently than the banks' c.s.team.

Don't worry Matt.   On the whole I know which forumites "know their stuff" and which ones to ignore. 

[DELETED BY FORUM TEAM]

Genuinely intrigued about what the "BM" stands for.

Matt1510

RG2015 said:

Matt1510 said:

Sea_Shell said:

Matt1510 said:

RG2015 said:

Matt1510 said:

Quick reply.

Why not ask Santander, get yer answer straight from the horses mouth. Santander should know better than anyone.

You might find this strange but banks' customer services sometimes give incorrect information. It can also involve waiting in a telephone queue for 30 minutes or even longer.

There are several users on this site that have vast experience of banking procedures. The OP has been posting here for many years and more than likely knows who to trust to give well considered and authoritative answers. Chances are that more than a few of these will provide an answer.

I guess that is what this forum is all about.

I don't find it strange that the customer service team can sometimes get it wrong, However, my first port of call will be the bank. You might find this strange but asking on a public forum can sometimes result in contradicting/incorrect/harmful and confusing opinions. Granted, not always, but a darned sight more frequently than the banks' c.s.team.

Don't worry Matt.   On the whole I know which forumites "know their stuff" and which ones to ignore. 

[DELETED BY FORUM TEAM]

Genuinely intrigued about what the "BM" stands for.

Board Member