Santander Easy Access Limited Edition

Qyburn

It doesn't seem like there's a natural successor or successors. I may end up below 5% in order to get something that works as slick as Santander for my own requirements.

ToastLady

Qyburn said:

It doesn't seem like there's a natural successor or successors. I may end up below 5% in order to get something that works as slick as Santander for my own requirements.

And there is the nub of it all. I haven't had a Santander account since about 2012 until the 5.2% account last year. I cannot complain about any of my experience with using the account, it's been great, and I fully intend to keep it going until the rate goes down. I like an easy access account to be just that, has to be online whether web or app, with a quick transfer time. 

BooJewels

Qyburn said:

It doesn't seem like there's a natural successor or successors. I may end up below 5% in order to get something that works as slick as Santander for my own requirements.

That's the nub of if for me - it suits my requirements - including monthly interest. I use my current account for particular spending and can just pull some funds from the saver as required.  The current account is my nominated account for some fix interest payments and even moving £100 into the saver for 3 weeks till I need to spend it earns me 30p - and takes about 2 minutes at each end to do, so it's an ideal companion to my current account. 

I have a small fix maturing in just over a week and was just going to put the released funds into this account, but the impending drop means that I might as well fix it elsewhere for another year.

WillPS

Santander has indeed been very convenient, I've appreciated being able to set up scheduled transfers to my 123 Lite account to cover monthly DDs as they are taken. 

Will possibly investigate setting up an Edge saver for the same purpose if nothing else pops up. 

jameseonline

Think that's WillPS said:

Santander has indeed been very convenient, I've appreciated being able to set up scheduled transfers to my 123 Lite account to cover monthly DDs as they are taken. 

Will possibly investigate setting up an Edge saver for the same purpose if nothing else pops up. 

Think that's what Santander want people to do to be honest, get people to pay a fee for an account, while at the same time promote a linked Saver.

Call me cynical 😏

WillPS

jameseonline said:

Think that's WillPS said:

Santander has indeed been very convenient, I've appreciated being able to set up scheduled transfers to my 123 Lite account to cover monthly DDs as they are taken. 

Will possibly investigate setting up an Edge saver for the same purpose if nothing else pops up. 

Think that's what Santander want people to do to be honest, get people to pay a fee for an account, while at the same time promote a linked Saver.

Call me cynical 😏

Won't be paying if I do it, and I doubt that's Santander's intention in fairness. Suspect for many affected account holders a better rate on £4k will be rather small beer.

poseidon1

https://www.chartersavingsbank.co.uk/AtAGlance

Charter Savings Bank range of fixed/ easy access accounts and isas worth considering. All above 5%. The 5.21% fixed rate bond particularly noteworthy, but could disappear quickly.

No app, but a straight forward online  opening process.

They are part of the Onesavings Bank Group  ( ftse 250 ) which includes Kent Reliance  who also have instant access account above 5%. For those concern about the £85k protection limit, each of the banks retain separate licences for compensation purposes.

ToastLady

poseidon1 said:

https://www.chartersavingsbank.co.uk/AtAGlance

Charter Savings Bank range of fixed/ easy access accounts and isas worth considering. All above 5%. The 5.21% fixed rate bond particularly noteworthy, but could disappear quickly.

No app, but a straight forward online  opening process.

They are part of the Onesavings Bank Group  ( ftse 250 ) which includes Kent Reliance  who also have instant access account above 5%. For those concern about the £85k protection limit, each of the banks retain separate licences for compensation purposes.

I'm almost at the limit with Charter, otherwise I would consider their easy access. I mentioned on fixed saver thread about Oxbury having a 1 year FS at 5.28% for existing customers. To become a customer you just have to open an easy access account at 4.94% and fund it with £1, then the fixed saver and notice account (5.53% for 120 days notice) become available to you. You have to fund with min of £1000.

BooJewels

It's the Charter fix I'm looking at, as I already have one and am well below the limit - the fix maturing is only a small one.  I'm trying to limit how many organisations I keep accounts with, plus my nominated account with them is the one the fix will pay into too - saves one more transaction.

Bridlington1

jameseonline said:

Think that's WillPS said:

Santander has indeed been very convenient, I've appreciated being able to set up scheduled transfers to my 123 Lite account to cover monthly DDs as they are taken. 

Will possibly investigate setting up an Edge saver for the same purpose if nothing else pops up. 

Think that's what Santander want people to do to be honest, get people to pay a fee for an account, while at the same time promote a linked Saver.

Call me cynical 😏

You don't have to pay the fee though. The terms say:

The fee for this account is £3 per month. We’ll start charging this fee after you meet the conditions for earning cashback for the first time. Then, we’ll take it from your account each month on the anniversary of the date you opened it. We’ll do this every month until your account is closed. This includes any months where you don’t earn cashback. If you don’t have enough money available to cover the monthly fee, we’ll still take it and your account may go into an unarranged overdraft

If you never meet the criteria for earning cashback, you won't pay any fees. So if you never have any DDs on the Edge account you won't have to pay the £3/mth account fee. I've had both the Edge current account and Edge Saver since August and haven't paid a single penny in fees.