Santander Easy Access Limited Edition

dealyboy

@Yellowman said:

dealyboy said:

I've left my old eSaver (Easy Access Saver) open ... just in case ... you never know with Santander ... I'm hoping they'll up it to 5.5%  .

Is it recommended to leave on old Santander EA savings account open if a new one (with a higher rate) has been opened?

Would the old one ever likely to be changed to a higher rate than the new one over time?

Of course the advantage of closing the 4.05% is that you (i) can immediately transfer the balance to the 5.20%, and (ii) get the closing accumulated interest paid into the new account.

The disadvantage of not closing is that any interesting accruing perhaps just on the (hidden) accumulated interest is at the 4.05% rate until the due date (if not uplifted).

I'll probably give it 2 or 3 weeks and then if there's no news I'll probably close it.

RedImp_2

Swipe said:

hallmark said:

Has anybody closed an existing Easy Access Saver (the one that pays 4.05%) early in order to open one of these instead?  How did they credit the accrued interest if so?

Thanks

I opened a new one and transferred the balance over. I will log back in on 11th when the monthly interest is paid and then move it over to the new one leaving it with just a pence in so I still have access to my statements and so that I still get the annual statement for my records.

Do you not still get a year end interest statement? 

Swipe

RedImp_2 said:

Swipe said:

hallmark said:

Has anybody closed an existing Easy Access Saver (the one that pays 4.05%) early in order to open one of these instead?  How did they credit the accrued interest if so?

Thanks

I opened a new one and transferred the balance over. I will log back in on 11th when the monthly interest is paid and then move it over to the new one leaving it with just a pence in so I still have access to my statements and so that I still get the annual statement for my records.

Do you not still get a year end interest statement? 

Once closed, I wouldn't imagine so, but don't hold me to that. 

ischris85

I have received my security number and managed to setup my online account. Does anyone else have an issue whereby you have to enter your login details twice before it logs you in? I seem to be thrown out the first time I enter the details? 

I'm not sure if there are just issues with the Santander website today?

2010

ischris85 said:

I have received my security number and managed to setup my online account. Does anyone else have an issue whereby you have to enter your login details twice before it logs you in? I seem to be thrown out the first time I enter the details? 

I'm not sure if there are just issues with the Santander website today?

Just logged on as normal.
Site working OK for me.

PixelPound

dealyboy said:

@Yellowman said:

dealyboy said:

I've left my old eSaver (Easy Access Saver) open ... just in case ... you never know with Santander ... I'm hoping they'll up it to 5.5%  .

Is it recommended to leave on old Santander EA savings account open if a new one (with a higher rate) has been opened?

Would the old one ever likely to be changed to a higher rate than the new one over time?

Of course the advantage of closing the 4.05% is that you (i) can immediately transfer the balance to the 5.20%, and (ii) get the closing accumulated interest paid into the new account.

The disadvantage of not closing is that any interesting accruing perhaps just on the (hidden) accumulated interest is at the 4.05% rate until the due date (if not uplifted).

I'll probably give it 2 or 3 weeks and then if there's no news I'll probably close it.

I did the old one as monthly interest, so keeping open with a couple of pence isn't a disadvantage. Though for those who went for annual interest it makes sense to close to get the interest now.

I can't see them increasing the old above the new, they might bring it up towards it, but they've already done that and at the time the update was way behind market leading, where as this new one is market leading. In addition wasn't the rate for a limited period, like the new one is (though they extended the period). IMO I think the old one won't get any more rate increases and if leaving open you may need to keep an eye open for when the promotional rate ends and the rate plummets.

MikeJXE

ischris85 said:

I have received my security number and managed to setup my online account. Does anyone else have an issue whereby you have to enter your login details twice before it logs you in? I seem to be thrown out the first time I enter the details? 

I'm not sure if there are just issues with the Santander website today?

Get the Santander app and log in with face recognition or finger print 

luckybert

Still waiting for passwords in the post a week later. 

ToastLady

Still waiting too Luckybert. I thought I'd try and register using account number, but it told me to wait for passwords in post. 

luckybert

ToastLady said:

Still waiting too Luckybert. I thought I'd try and register using account number, but it told me to wait for passwords in post. 

I have my sort code and account number and I was tempted to transfer some money into it, to start earning interest but would like that confirmation that the money is in here, and for this of course I need my online banking details.