Santander Easy Access Limited Edition

2010

Sad, although I was closing mine when the new tax year ISA`s come out anyway.
Great while it lasted though since the begining of Sept, 23.

clowning

I’m also waiting for the new tax year and will be moving the money from this easy access, but it has been a great rate

badger09

allegro120 said:

johnbhoy70 said:

refluxer said:

london21 said:

When is interest payment made? Account opened 4th September. Thanks 

From the Key Facts Document... "We’ll pay the interest on the monthly or yearly anniversary of the day you opened the account."

Thanks for this. Saved me asking. Opened this and moved from FD bonus savings account and need to keep a handle on the 1k interest. It's not an issue yet but ISA needed in a couple of months methinks.

Virgin is still offering 5.25% ISA, it's the best offer on the market and probably will be withdraws soon. You need to open current account with Virgin to be eligible.

BIB Possibly, but as they’ve just launched another version, same rate but matures 31/3/25, I doubt they plan to withdraw it before the start of the new tax year

allegro120

badger09 said:

allegro120 said:

johnbhoy70 said:

refluxer said:

london21 said:

When is interest payment made? Account opened 4th September. Thanks 

From the Key Facts Document... "We’ll pay the interest on the monthly or yearly anniversary of the day you opened the account."

Thanks for this. Saved me asking. Opened this and moved from FD bonus savings account and need to keep a handle on the 1k interest. It's not an issue yet but ISA needed in a couple of months methinks.

Virgin is still offering 5.25% ISA, it's the best offer on the market and probably will be withdraws soon. You need to open current account with Virgin to be eligible.

BIB Possibly, but as they’ve just launched another version, same rate but matures 31/3/25, I doubt they plan to withdraw it before the start of the new tax year

Thank you.  I didn't realise they've launched issue 11.  It will be a good home for my 2024/25 allowance and transfer from 2023/24.

SirHugo

MSE_Petar said:

Hi everyone,

Santander has announced it'll be cutting the rate on Issue 3 of its limited edition easy-access saver to 4.2% on 20 May - we've published an MSE News story about this here:

Santander to cut rate on popular 5.2% easy-access saver – should you switch?

Thanks,
MSE Petar

I wonder if the cahoot Sunny Day Saver will follow suit? I never got around to opening one – not sure if it's worth doing now.

allegro120

SirHugo said:

MSE_Petar said:

Hi everyone,

Santander has announced it'll be cutting the rate on Issue 3 of its limited edition easy-access saver to 4.2% on 20 May - we've published an MSE News story about this here:

Santander to cut rate on popular 5.2% easy-access saver – should you switch?

Thanks,
MSE Petar

I wonder if the cahoot Sunny Day Saver will follow suit? I never got around to opening one – not sure if it's worth doing now.

Nobody knows if it will follow suite and when it might happen.  I think it is worth opening it now before this account goes NLA.  In any case it won't loose anything by having it opened.

friolento

allegro120 said:

johnbhoy70 said:

refluxer said:

london21 said:

When is interest payment made? Account opened 4th September. Thanks 

From the Key Facts Document... "We’ll pay the interest on the monthly or yearly anniversary of the day you opened the account."

Thanks for this. Saved me asking. Opened this and moved from FD bonus savings account and need to keep a handle on the 1k interest. It's not an issue yet but ISA needed in a couple of months methinks.

Virgin is still offering 5.25% ISA, it's the best offer on the market and probably will be withdraws soon. You need to open current account with Virgin to be eligible.

only an option if you haven't maxed your ISA allowance. It also is a 1 year fixed term account, so hardly a good replacement for an easy access account

allegro120

friolento said:

allegro120 said:

johnbhoy70 said:

refluxer said:

london21 said:

When is interest payment made? Account opened 4th September. Thanks 

From the Key Facts Document... "We’ll pay the interest on the monthly or yearly anniversary of the day you opened the account."

Thanks for this. Saved me asking. Opened this and moved from FD bonus savings account and need to keep a handle on the 1k interest. It's not an issue yet but ISA needed in a couple of months methinks.

Virgin is still offering 5.25% ISA, it's the best offer on the market and probably will be withdraws soon. You need to open current account with Virgin to be eligible.

only an option if you haven't maxed your ISA allowance. It also is a 1 year fixed term account, so hardly a good replacement for an easy access account

You can't possibly max your 2004/25 allowance before 6th April. All EAs are variable and it is quite obvious what direction the are going. But it's true that Virgin ISA is not a replacement for EAs because it's a different type of product.

friolento

allegro120 said:

friolento said:

allegro120 said:

johnbhoy70 said:

refluxer said:

london21 said:

When is interest payment made? Account opened 4th September. Thanks 

From the Key Facts Document... "We’ll pay the interest on the monthly or yearly anniversary of the day you opened the account."

Thanks for this. Saved me asking. Opened this and moved from FD bonus savings account and need to keep a handle on the 1k interest. It's not an issue yet but ISA needed in a couple of months methinks.

Virgin is still offering 5.25% ISA, it's the best offer on the market and probably will be withdraws soon. You need to open current account with Virgin to be eligible.

only an option if you haven't maxed your ISA allowance. It also is a 1 year fixed term account, so hardly a good replacement for an easy access account

You can't possibly max your 2004/25 allowance before 6th April. All EAs are variable and it is quite obvious what direction the are going. But it's true that Virgin ISA is not a replacement for EAs because it's a different type of product.

I could max out my 2024-25 ISA with other funds.

Anyway, the main point is that comparing the AER of a fixed rate account to the AER of an easy access account isn't very meaningful. If I want/need easy access, it wouldn't be particularly helpful if I locked up my money for a year.

4justice2

I've had a letter confirming the reduction in the "documents and statements" section on the Santander app.