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Santander Easy Access Saver - What to do with it?

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  • Hattie627
    Hattie627 Posts: 130 Forumite
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    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 Posts: 176 Forumite
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    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
    sheslookinhot Posts: 1,995 Forumite
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    Account closed 14 May, cheque received this morning.
    Mortgage free
    Vocational freedom has arrived
  • gravel_2
    gravel_2 Posts: 276 Forumite
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    Zero balance as of today. Moved now to Ulster. Will close today for final cheque.
  • Sea_Shell
    Sea_Shell Posts: 9,533 Forumite
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    Are you getting ahead of the game, in case of issues on Monday?
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.38% of current retirement "pot" (as at end April 2024)
  • gravel_2
    gravel_2 Posts: 276 Forumite
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    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
    allegro120 Posts: 939 Forumite
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    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
    jaceyboy Posts: 232 Forumite
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    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
    Johnny-Cage Posts: 180 Forumite
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    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
    gravel_2 Posts: 276 Forumite
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    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.
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