Santander 2.75% Account

jimexbox

If anyone has moved to santander and you're missing your account savings pots. I downloaded 'saving goal' from the play store, so I can have virtual pots on my phone. It's very basic and simple, but it's free and let's me keep track of what's in my Santander account and for what purpose. You have to enter everything manually, which is what I wanted. 

Might be useful for someone. 

adindas

My timeline to open this account.

Applied Yesterday morning, got message they will still do the final check.

I opened my online banking yesterday evening, it was already there where I could also transfer the money from my Santander RSA to this account.

Painless, It is completely different experience with TSB  where I already have four current accounts with them for about ten years and still active nowadays, they still asked me to bring the proof if ID to the branch or download their apps.

Millyonare

EthicsGradient said:

changearound1 said:

2022 Q2 GDP was initially estimated to be a 0.1% contraction which together with the widely anticipated Q3 contraction would make a recession.

However, the most recent estimate for Q2 is growth of 0.2% which, if correct, means that no matter what happens in Q3, it won't technically be a recession.

https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/quarterlynationalaccounts/apriltojune2022

To be fair to BoE, I think it is ONS who have potentially underestimated Q2 GDP.

But when the 0.1% Q2 contraction was announced, the BoE predicted that rebound from that would give Q3 growth of 0.4%: Aug 4th:

 Following a 0.8% quarterly increase in GDP in 2022 Q1, Bank staff now expected GDP to have fallen by 0.2% in Q2 as a whole, weaker than the 0.1% growth expected in the May Monetary Policy Report.
...
Overall, Bank staff now expected GDP to increase by 0.4% in 2022 Q3, slightly weaker than had been incorporated in the May Report. With headline growth likely to be boosted by the unwind of the effect of the Platinum Jubilee, underlying growth was expected to slow further but to remain positive.

https://mondovisione.com/media-and-resources/news/bank-of-england-bank-rate-increased-to-175-august-2022-monetary-policy-su/

So they first thought a combined growth of 0.2% for Q2/Q3 - not a recession then. When the Q2 figures from ONS were revised to +0.5%, they lowered the Q3 prediction to 0.2%. They didn't predict any recession involving Q2. What they said on Aug 4th was "the United Kingdom is now projected to enter recession from the fourth quarter of this year."

UK GDP rose +2% YoY in Aug 2022.

Oasis1

Opened and transferred all my savings from Zopa

callum9999

Millyonare said:

EthicsGradient said:

changearound1 said:

2022 Q2 GDP was initially estimated to be a 0.1% contraction which together with the widely anticipated Q3 contraction would make a recession.

However, the most recent estimate for Q2 is growth of 0.2% which, if correct, means that no matter what happens in Q3, it won't technically be a recession.

https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/quarterlynationalaccounts/apriltojune2022

To be fair to BoE, I think it is ONS who have potentially underestimated Q2 GDP.

But when the 0.1% Q2 contraction was announced, the BoE predicted that rebound from that would give Q3 growth of 0.4%: Aug 4th:

 Following a 0.8% quarterly increase in GDP in 2022 Q1, Bank staff now expected GDP to have fallen by 0.2% in Q2 as a whole, weaker than the 0.1% growth expected in the May Monetary Policy Report.
...
Overall, Bank staff now expected GDP to increase by 0.4% in 2022 Q3, slightly weaker than had been incorporated in the May Report. With headline growth likely to be boosted by the unwind of the effect of the Platinum Jubilee, underlying growth was expected to slow further but to remain positive.

https://mondovisione.com/media-and-resources/news/bank-of-england-bank-rate-increased-to-175-august-2022-monetary-policy-su/

So they first thought a combined growth of 0.2% for Q2/Q3 - not a recession then. When the Q2 figures from ONS were revised to +0.5%, they lowered the Q3 prediction to 0.2%. They didn't predict any recession involving Q2. What they said on Aug 4th was "the United Kingdom is now projected to enter recession from the fourth quarter of this year."

UK GDP rose +2% YoY in Aug 2022.

I'm sure people are going to moan about this being off topic (despite the thread having already run it's course!) but that's a rather deceptive way of skirting over the -0.3% MoM in August.

I'm curious what your agenda is here? You're presenting misleading statistics to talk up the UK economy and make some very dubious claims about the BoE. Like they caused the run on the pound (complete coincidence it happened immediately after the "non"-budget that was derided globally?). Not to mention you blame them for not regulating pensions - which is not their job. Do you actually know enough about them to be able to be saying this stuff? Maybe that's why people listen to their "talking down" of the UK economy more than they do to your "it's all roses" spiel? 

EssexHebridean

ashby6567 said:

S_uk said:

I don't recall being asked how much I planned to deposit when I opened this account. Seems a bit strange if some are and some aren't?

Only those who enter a more prestige/affluent post code during the application process are asked about deposits -)

I think I can confirm with some certainty that this is not the case! 🤣🤣

RobM99

Back on topic (no politics!).

Both I and a friend opened ours, done almost immediately (both Santander customers).

london21

Really happy that a bank I am familiar with is offering 2.75% with instant savings account, as rates increase more banks might follow.

pearl123

Applied last Tuesday and I still don't have an account. I already had log in details with them. 
I'm reminded why I was glad to leave them the last time. 

Nebulous2

I've a 123 lite account and a regular saver. Applied at the weekend through the app and in less than an hour the account had appeared in the app and I moved £25 in as a test from my 123 account. 

The first email said additional checks could take 3 days, but they then immediately sent a second email saying it was open.