Santander Edge Saver Renewal

MTwallet_2

Mine expired a couple of weeks ago and I transferred the funds out. The account remained with a zero balance.

Two days ago I closed the Edge Saver and then opened a fresh one. The account is now running and is earning 7% so you can do it after the original expiry date.

Bazzalona13295

Pleased to say I let mine reach the point where the rate dropped, closed it, waited 24 hours then opened a new one. Thanks for the help.

sheffieldeagle

Hi

Anyone have the Edge current account alongside a Lite account? The Lite is my main account and I'm a little unsure about having both and causing myself problems but as rates drop I may take the plunge.

Cheers

ashteadgirl

Got a Lite, Everyday and Edge account. No problem at all

ColdIron

I have the 123 Lite for the cashback. I also have the Edge current account but I don't use it, but it's a prerequisite for the 7.00% Edge Saver. I have not had problems having both

sheffieldeagle

Thanks for the replies much appreciated.

where_are_we

I assume the rationale behind renewing a Santander Edge Saver Issue 1 before the 12 month bonus interest period ends, is to lock in the bonus 2.5% variable interest part for another 12 months. It seems strange that in their key facts document they give an example of interest earned after 12 months and 24 months with no bonus for the second 12 months. Still, if forumites have been able to do this "work around" all too the good. We don`t know what Santander will do with the ES this year. Both parts of the total interest are variable so each part can be reduced or they could open a new Issue 2 with a less favourable interest rate. Our ES`s "mature" in August so I`m wondering if their is any real benefit in renewing now as opposed to August, that is if the "work around" is still possible then.

FLAMPARD

I have a Santander edge account and edge saver

if I change the edge current account to an everyday will I lose the edge saver

thanks

Middle_of_the_Road

FLAMPARD said:

I have a Santander edge account and edge saver

if I change the edge current account to an everyday will I lose the edge saver

thanks

They do say that they might change the account to an Everyday saver if you don't abide by the conditions. Not heard of anyone trying it out, or if they do as they state.

Rawrzy

Middle_of_the_Road said:

FLAMPARD said:

I have a Santander edge account and edge saver

if I change the edge current account to an everyday will I lose the edge saver

thanks

They do say that they might change the account to an Everyday saver if you don't abide by the conditions. Not heard of anyone trying it out, or if they do as they state.

They do, they give you two months notice before doing it though.