Possible 2 Santander Edge saving accounts using a joint Edge Current account.

where_are_we

 My OH, who is a non tax payer, has opened a sole Santander Edge Current account and then a sole Edge Saver. If we opened a joint Santander Edge Current account would it be possible for her to have a second sole Edge Saver and myself have none? I will probably exceed the Personal Savings allowance of £1000 this tax year so it is better for OH to have both Edge Savers. Edge Saver T&C`s state:                                                                               

• be a UK resident, this account can only be held in a single name​
• be aged 18 or over​
• have a Santander Edge current account. You can have one Santander Edge saver for each Santander Edge current account you have. That means a maximum of 2 if you have both a single and a joint Santander Edge current account. If you have a joint Santander Edge current account, you can each have a Santander Edge saver in your own name​                      
  

grumbler

"You can have one Santander Edge saver for each Santander Edge current"
IMO this is perfectly clear and unambiguous. 

Dustybee

I would have thought if the Edge Current Account is in joint names, then the Edge Saver attached to it would also have to be in joint names.  Therefore the tax implication of the interest on this account would be jointly shared 50/50.  

r6mile

You cannot have a joint Edge Saver - it must be individual. But you can have one Saver each.

Stargunner

where_are_we said:

 My OH, who is a non tax payer, has opened a sole Santander Edge Current account and then a sole Edge Saver. If we opened a joint Santander Edge Current account would it be possible for her to have a second sole Edge Saver and myself have none? I will probably exceed the Personal Savings allowance of £1000 this tax year so it is better for OH to have both Edge Savers. Edge Saver T&C`s state:                                                                               

• be a UK resident, this account can only be held in a single name​
• be aged 18 or over​
• have a Santander Edge current account. You can have one Santander Edge saver for each Santander Edge current account you have. That means a maximum of 2 if you have both a single and a joint Santander Edge current account. If you have a joint Santander Edge current account, you can each have a Santander Edge saver in your own name​                      
  

This is perfectly fine to do. My wife and I both have a sole edge current account and we also have an edge joint current account. This has enabled us both to open 2 solo saver accounts each and have £16k between us earning 7%. If you didn’t want to open them for yourself that is fine, but even if you have exceeded your PSA allowance, would you not be better to open them and transfer money in to them from lower interest paying accounts.

Sad_Dad

I opened a joint Edge current account today but can't open the Edge saver either in the app or online. I click on the 'Login and Apply' button, it's logs in but the saver is not there. Any ideas? My other half already has a sole Edge current and Edge saver and they were both opened on the same day without any issues.  

Stargunner

Sad_Dad said:

I opened a joint Edge current account today but can't open the Edge saver either in the app or online. I click on the 'Login and Apply' button, it's logs in but the saver is not there. Any ideas? My other half already has a sole Edge current and Edge saver and they were both opened on the same day without any issues.  

Log in to app, select apply and then savings snd it is there 

Slinky

Stargunner said:

where_are_we said:

 My OH, who is a non tax payer, has opened a sole Santander Edge Current account and then a sole Edge Saver. If we opened a joint Santander Edge Current account would it be possible for her to have a second sole Edge Saver and myself have none? I will probably exceed the Personal Savings allowance of £1000 this tax year so it is better for OH to have both Edge Savers. Edge Saver T&C`s state:                                                                               

• be a UK resident, this account can only be held in a single name​
• be aged 18 or over​
• have a Santander Edge current account. You can have one Santander Edge saver for each Santander Edge current account you have. That means a maximum of 2 if you have both a single and a joint Santander Edge current account. If you have a joint Santander Edge current account, you can each have a Santander Edge saver in your own name​                      
  

This is perfectly fine to do. My wife and I both have a sole edge current account and we also have an edge joint current account. This has enabled us both to open 2 solo saver accounts each and have £16k between us earning 7%. If you didn’t want to open them for yourself that is fine, but even if you have exceeded your PSA allowance, would you not be better to open them and transfer money in to them from lower interest paying accounts.

@Stargunner Have you set up 2 direct debis on all the Edge accounts? I read something a while ago where somebody had dug into the T&Cs which said you'd only be charged the £3 fee once the 2 direct debits had been set up, so if you don't set up the DD, you don't get charged. Don't know if that still stands or if they've closed the loophole.

Sad_Dad

Thanks @Stargunner. I am set up now.  I will create another for my wife, so she will have 2.

Stargunner

Slinky said:

Stargunner said:

where_are_we said:

 My OH, who is a non tax payer, has opened a sole Santander Edge Current account and then a sole Edge Saver. If we opened a joint Santander Edge Current account would it be possible for her to have a second sole Edge Saver and myself have none? I will probably exceed the Personal Savings allowance of £1000 this tax year so it is better for OH to have both Edge Savers. Edge Saver T&C`s state:                                                                               

• be a UK resident, this account can only be held in a single name​
• be aged 18 or over​
• have a Santander Edge current account. You can have one Santander Edge saver for each Santander Edge current account you have. That means a maximum of 2 if you have both a single and a joint Santander Edge current account. If you have a joint Santander Edge current account, you can each have a Santander Edge saver in your own name​                      
  

This is perfectly fine to do. My wife and I both have a sole edge current account and we also have an edge joint current account. This has enabled us both to open 2 solo saver accounts each and have £16k between us earning 7%. If you didn’t want to open them for yourself that is fine, but even if you have exceeded your PSA allowance, would you not be better to open them and transfer money in to them from lower interest paying accounts.

@Stargunner Have you set up 2 direct debis on all the Edge accounts? I read something a while ago where somebody had dug into the T&Cs which said you'd only be charged the £3 fee once the 2 direct debits had been set up, so if you don't set up the DD, you don't get charged. Don't know if that still stands or if they've closed the loophole.

None of the edge current accounts have any direct debits.

Slinky

Stargunner said:

Slinky said:

Stargunner said:

where_are_we said:

 My OH, who is a non tax payer, has opened a sole Santander Edge Current account and then a sole Edge Saver. If we opened a joint Santander Edge Current account would it be possible for her to have a second sole Edge Saver and myself have none? I will probably exceed the Personal Savings allowance of £1000 this tax year so it is better for OH to have both Edge Savers. Edge Saver T&C`s state:                                                                               

• be a UK resident, this account can only be held in a single name​
• be aged 18 or over​
• have a Santander Edge current account. You can have one Santander Edge saver for each Santander Edge current account you have. That means a maximum of 2 if you have both a single and a joint Santander Edge current account. If you have a joint Santander Edge current account, you can each have a Santander Edge saver in your own name​                      
  

This is perfectly fine to do. My wife and I both have a sole edge current account and we also have an edge joint current account. This has enabled us both to open 2 solo saver accounts each and have £16k between us earning 7%. If you didn’t want to open them for yourself that is fine, but even if you have exceeded your PSA allowance, would you not be better to open them and transfer money in to them from lower interest paying accounts.

@Stargunner Have you set up 2 direct debis on all the Edge accounts? I read something a while ago where somebody had dug into the T&Cs which said you'd only be charged the £3 fee once the 2 direct debits had been set up, so if you don't set up the DD, you don't get charged. Don't know if that still stands or if they've closed the loophole.

None of the edge current accounts have any direct debits.

@Stargunner Do you get charged the £3 fee, and do you get the 1% cashback on the current accounts for relevant spending?