Drip-feeding from EA Savings Accounts to fund RS's?

Bobblehat

Trying to decide which EA Savings Account to use after Santander eSaver LE Issue 3 drops to 4.2% in May.

I use the eSaver to drip-feed a Santander's CA that has SO's set up to fund RS's. I realised that the above EA has a useful facility ... you can set up  monthly withdrawals up to 90 days in advance of the set-up date. So, 4 set-ups a year (of 3 x monthly withdrawals) will cover 12 months worth of drip-feeding into the current account ... and then onto the RS's etc.

Are there any other Banks' EA Saving Accounts (ideally around the 5% rate) that allow you to set up multiple withdrawals up to 90 days (or longer?) in advance?

I realise I could pick any of my EA Savings Accounts and manually drip-feed a CA monthly, but the above facility is quite useful!

wmb194

Bobblehat said:

Trying to decide which EA Savings Account to use after Santander eSaver LE Issue 3 drops to 4.2% in May.

I use the eSaver to drip-feed a Santander's CA that has SO's set up to fund RS's. I realised that the above EA has a useful facility ... you can set up  monthly withdrawals up to 90 days in advance of the set-up date. So, 4 set-ups a year (of 3 x monthly withdrawals) will cover 12 months worth of drip-feeding into the current account ... and then onto the RS's etc.

Are there any other Banks' EA Saving Accounts (ideally around the 5% rate) that allow you to set up multiple withdrawals up to 90 days (or longer?) in advance?

I realise I could pick any of my EA Savings Accounts and manually drip-feed a CA monthly, but the above facility is quite useful!

Do you have Santander's 7% Edge saver?

Bobblehat

No? ...... does that have a similar facility to the eSaver? The £4K "limit" would just be viable for me as an alternative if I can set up multiple advance withdrawals.

wmb194

Bobblehat said:

No? ...... does that have a similar facility to the eSaver? The £4K "limit" would just be viable for me as an alternative if I can set up multiple advance withdrawals.

Yes, you can set-up future dated payments with it. Other than the interest rate it's just a usual Santander savings account. You need an Edge current account to go with it, though. If you open a new Edge current account or 'upgrade' your existing account you can avoid the monthly fee by simply not setting up two DDs on it.