Santander 2.75% Account

XDA

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?

The_Green_Hornet 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?

No. I didn't get asked that question either.

Are you existing/previous Santander customers?

xylophone

I didn't get asked that question - yes, I am a long standing customer - and my account isn't yet open!

The_Green_Hornet

XDA 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?

The_Green_Hornet 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?

No. I didn't get asked that question either.

Are you existing/previous Santander customers?

I was briefly a Santander current account holder last November when I took advantage of their switch offer but I switched away three months later.

However, they didn't close down my internet access so I opened the eSaver logged on as an existing customer.

CooperSF

2.75% annual or 2.72% monthly

What is the better option to maximise returns?

S_uk

XDA 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?

The_Green_Hornet 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?

No. I didn't get asked that question either.

Are you existing/previous Santander customers?

I had a current account in the past but closed it a while ago but was still able to log into online banking and opened this new account once logged in. Account opened straight away.

blueste

CooperSF said:

2.75% annual or 2.72% monthly

What is the better option to maximise returns?

To maximise returns you would want annual but it's marginal (around 20p per year per £1000 invested)

spider42

CooperSF said:

2.75% annual or 2.72% monthly. What is the better option to maximise returns?

If you deposit some money and leave it untouched for the whole year, then it should work out identical after 12 months. However, if the balance in the account is increasing over the year due to additional deposits, then you will end up with more interest by opting for annual (although the difference is likely to be very small). But if the balance is reducing over the year, you would earn more with monthly interest (again, difference will be very small).

cricidmuslibale

CooperSF said:

2.75% annual or 2.72% monthly

What is the better option to maximise returns?

I checked on this yesterday and found that 2.75% annual gives you a tiny bit more interest than 2.72% monthly (assuming the monthly interest remains in the account to compound). But it’s only a matter of a pound or two at most, even on balances of several thousand pounds or more. Obviously though, the larger the balance you keep in the account, the greater the difference will be!

XDA

The_Green_Hornet said:

XDA 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?

The_Green_Hornet 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?

No. I didn't get asked that question either.

Are you existing/previous Santander customers?

I was briefly a Santander current account holder last November when I took advantage of their switch offer but I switched away three months later.

However, they didn't close down my internet access so I opened the eSaver logged on as an existing customer.

S_uk said:

XDA 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?

The_Green_Hornet 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?

No. I didn't get asked that question either.

Are you existing/previous Santander customers?

I had a current account in the past but closed it a while ago but was still able to log into online banking and opened this new account once logged in. Account opened straight away.

xylophone said:

I didn't get asked that question - yes, I am a long standing customer - and my account isn't yet open!

You’ve all not been asked then because you’re existing or have been a Santander customer.

I’ve never been a Santander customer so I’m signing up from scratch - I don’t even have online access yet! 

Sally1436

I opened an account on my app last night.  Within 5 mins, i had an account an the account showed on my app.  No monies deposited yet. 

long standing Santander customer.