Santander Easy Access Saver - What to do with it?

Hattie627

I've got an Easy Access (Issue 48) with Charter Savings Bank (NLA) still paying 5.13%, so I will be moving my Santander Easy Access Saver balance there on Monday. I will keep a small balance, maybe a few hundred, in the Santander.
Drawbacks:- (a) need to keep the CSB EA balance at £5K+ (b) withdrawal is not instant (instructed before 3pm on a working day, money should land in nominated current account by close next working day), I've become used to instant transfers between Santander EAS and Edge current account (c) need to expect a drop in the CSB rate soonish (?)

simonsmithsays

simonsmithsays said:

).

I've just performed my closure now so will report back when it appears in my Santander Current Account.

As promised 

My funds have (in the last two hours) landed.

About 36 hours 

sheslookinhot

Account closed 14 May, cheque received this morning.

gravel_2

Zero balance as of today. Moved now to Ulster. Will close today for final cheque.

Sea_Shell

Are you getting ahead of the game, in case of issues on Monday?

gravel_2

Sea_Shell said:

Are you getting ahead of the game, in case of issues on Monday?

What's the benefit of waiting? It's the same %.

allegro120

Sea_Shell said:

Are you getting ahead of the game, in case of issues on Monday?

The only issue I can think of is getting blocked by moving a larger sum. I've started moving earlier this week. Filled both Cahoot Sunny days, added more to Ulster, moved some cash to FA Skipton and will move the rest to Skipton and Ulster on Monday leaving Santander issue 3 with £0 balance.  The only other 5.2% unlimited EA I have is DF, but it's next day withdrawal so I won't bother with it for now.

jaceyboy

gravel_2 said:

Zero balance as of today. Moved now to Ulster. Will close today for final cheque.

Do they send you a cheque??

Johnny-Cage

jaceyboy said:

gravel_2 said:

Zero balance as of today. Moved now to Ulster. Will close today for final cheque.

Do they send you a cheque??

If you don’t have another Santander account yh.

gravel_2

jaceyboy said:

gravel_2 said:

Zero balance as of today. Moved now to Ulster. Will close today for final cheque.

Do they send you a cheque??

I withdrew the money - I'm on monthly interest so will just wait for the next payment, withdraw that, then close it.