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Santander Easy Access Saver - What to do with it?

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Comments

  • gt94sss2
    gt94sss2 Posts: 6,067 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    BooJewels said:
    I noticed that and presume that the rate applies until midnight and they'll calculate interest on your balance today at the old rate and the new rate from tomorrow.
    The new lower rate applies from today, not tomorrow
  • Scrounger
    Scrounger Posts: 1,093 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    gravel_2 said:
    Why are we so fascinated by what the app says - the account is dead. It's time to move on.
    The excitement that maybe we had gained an extra day!

    Sadly now showing 4.20% :'(

    Scrounger
  • Fingerbobs
    Fingerbobs Posts: 1,702 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Fingerbobs said:

    I'm going to wait until tomorrow then pop into a branch with some ID documents to transfer the rest out. One day of interest difference on the balance will be less than 50p. 
    That worked fine. Much less hassle than doing it online only to get locked out of internet banking and getting the third degree on the phone. 
  • intalex
    intalex Posts: 985 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    My saver has been closed down now and accrued interest paid into my current account, took 2 working days.
  • Sea_Shell
    Sea_Shell Posts: 10,007 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    Sea_Shell said:
    Balance moved away - via app
    Account closed by chat - via web
    Interest should be credited to my 123L within 5 days

    Be interesting to see how close I am to my guesstimate of £240 interest  ;)


    Nice surprise.   £327.   Obviously had bigger balance for longer than I'd thought. ;)
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
  • dealyboy
    dealyboy Posts: 1,928 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I moved the balance to Chase early Monday (20th May) morning.
    Phoned Customer Service to close the account ... unfortunately inexperienced advisor raised a cheque.
    Yesterday, phoned Customer Service for clarification, raised complaint with request to cancel cheque.
    Today phoned Complaints team ... cancellation of cheque and payment to nominated account within 5 days ... advisor retraining ... £50 compensation.

    I estimated £140 interest but apparently £167. Santander obviously feel flush now they are reducing credit interest rates ... ;) .

  • gwiddecommbe
    gwiddecommbe Posts: 39 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    edited 22 May 2024 at 3:15PM
    Moved it into the new 5.2% flexible Cash Isa that Trading 212 has just started offering today. Also put some in Cahoot which is 5.2% on up to £3k balance
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