Premier Bank Accounts

WillPS

Marchitiello said:

WillPS said:

Marchitiello said:

Santander Select will be happy to accept anyone paying in £5k per month, without being an actual income level, but also carry a fee (as it needs to have an underling 1-2-3 account). I am happy to also pay the fee because of the cashback  and interest means I end up making some money out of it anyway, and the major perks for me, was free ATM withdrawals at Santander atm in NYC and Spain (both places where ATM operators tend to charge per usage)

Any interest you're earning on Santander 123 will actually be costing you money compared to having it in a decent easy access savings account.

I appreciate these are probably piffling amounts in the grand scheme of things, but even so. I'm in no hurry to "upgrade" from my 123 Lite account.

I only keep my rolling balance for DD in the Select 1-2-3 account  and it is not costing me anything as I have maximised other Avenue due to my profile. The cashback on hh DD is already making money, the interests, monthly, on the balance, are pennies but still adding up.

it is good the 1-2-3 lite works for you though 

Apologies, just reread my post and it comes across a bit snobby. I suppose £2/month isn't much extra to pay for enhanced service, if you need it.

Santander offer a 2% Easy Access Saver (to anyone, you don't even need a current account). It was 2.75% a week or two ago.

Marchitiello

WillPS said:

Marchitiello said:

WillPS said:

Marchitiello said:

Santander Select will be happy to accept anyone paying in £5k per month, without being an actual income level, but also carry a fee (as it needs to have an underling 1-2-3 account). I am happy to also pay the fee because of the cashback  and interest means I end up making some money out of it anyway, and the major perks for me, was free ATM withdrawals at Santander atm in NYC and Spain (both places where ATM operators tend to charge per usage)

Any interest you're earning on Santander 123 will actually be costing you money compared to having it in a decent easy access savings account.

I appreciate these are probably piffling amounts in the grand scheme of things, but even so. I'm in no hurry to "upgrade" from my 123 Lite account.

I only keep my rolling balance for DD in the Select 1-2-3 account  and it is not costing me anything as I have maximised other Avenue due to my profile. The cashback on hh DD is already making money, the interests, monthly, on the balance, are pennies but still adding up.

it is good the 1-2-3 lite works for you though 

Apologies, just reread my post and it comes across a bit snobby. I suppose £2/month isn't much extra to pay for enhanced service, if you need it.

Santander offer a 2% Easy Access Saver (to anyone, you don't even need a current account). It was 2.75% a week or two ago.

No offence taken. Again as the HH bill cashback is quite good, the fee is more than paid off. I also have RBS rewards where just with two other DD I make additional money as well.

I do also have the Santander eSaver limited edition, but you also need to consider that higher band taxpayers have a lower tax free allowance on saving interest unfortunately …  

WillPS

Marchitiello said:

I do also have the Santander eSaver limited edition, but you also need to consider that higher band taxpayers have a lower tax free allowance on saving interest unfortunately …  

Is the same not true of current accounts with interest?

Marchitiello

WillPS said:

Marchitiello said:

I do also have the Santander eSaver limited edition, but you also need to consider that higher band taxpayers have a lower tax free allowance on saving interest unfortunately …  

Is the same not true of current accounts with interest?

Sure, hence it won’t make much difference and I have been talking about pennies