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Santander Easy Access Saver - What to do with it?

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Comments

  • Hattie627
    Hattie627 Posts: 540 Forumite
    500 Posts Second Anniversary Name Dropper
    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: 433 Forumite
    100 Posts First Anniversary Name Dropper
    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: 2,344 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Account closed 14 May, cheque received this morning.
    Mortgage free
    Vocational freedom has arrived
  • gravel_2
    gravel_2 Posts: 635 Forumite
    Eighth Anniversary 500 Posts Name Dropper Combo Breaker
    Zero balance as of today. Moved now to Ulster. Will close today for final cheque.
  • Sea_Shell
    Sea_Shell Posts: 10,089 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    Are you getting ahead of the game, in case of issues on Monday?
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
  • gravel_2
    gravel_2 Posts: 635 Forumite
    Eighth Anniversary 500 Posts Name Dropper Combo Breaker
    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: 2,181 Forumite
    1,000 Posts Second Anniversary Name Dropper
    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: 245 Forumite
    100 Posts Second Anniversary Name Dropper Photogenic
    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: 271 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    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: 635 Forumite
    Eighth Anniversary 500 Posts Name Dropper Combo Breaker
    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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