We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Santander Easy Access Saver - What to do with it?
Options
Comments
-
Chip 5.1% easy access isa.2
-
Bridlington1 said:I opted for monthly interest, which is next due to be paid before the rate reduction comes into effect and will have the account completely empty by Wednesday due to regular savers anyway so will just skim the final interest payment off when its paid and then pretty much ignore it from then on.
I'll keep mine as Santander's cheque deposit limits in the app go by per account per day rather than just per day so keeping it gives me the option to deposit an extra £1k of cheques in the app per day if needed. The account won't have anything in it and I won't be losing out on any interest by keeping it sat there empty so I see little point in closing it.Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone1 -
Re the account, I had forgotten that it had a 1 year bonus rate applied. Ordinarily I would have left it open with a minimal amount remaining, simply because 4.2% might be reasonable in the future as rates reduce, but I'll probably just close it. Hopefully Coventry Triple Access will remain high(ish) for a while longer.Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0 -
cloud_dog said:Bridlington1 said:I opted for monthly interest, which is next due to be paid before the rate reduction comes into effect and will have the account completely empty by Wednesday due to regular savers anyway so will just skim the final interest payment off when its paid and then pretty much ignore it from then on.
I'll keep mine as Santander's cheque deposit limits in the app go by per account per day rather than just per day so keeping it gives me the option to deposit an extra £1k of cheques in the app per day if needed. The account won't have anything in it and I won't be losing out on any interest by keeping it sat there empty so I see little point in closing it.
Regardless though if they do make cheque deposits available in a few weeks there is a chance that having the empty account will enable me to deposit more cheques in a single day, if not then it won't be costing me anything to maintain with a nil balance just in case it comes in useful later.0 -
Btw, for those who opened it at the time, you can still fund the Vanquis 90d accounts with new money. Issue 2 pays 5.50% AER.0
-
No brainer for me……I’ll empty it and leave it open. The odd few hundred quid will float through it and can see no real point going to the effort of closing it.0
-
already have Chase been using it for the 1% cashback so will transfer out and into 5.1% Chase, also have Chip which is doing 5.1% instant cash ISA0
-
Frequentlyhere said:Btw, for those who opened it at the time, you can still fund the Vanquis 90d accounts with new money. Issue 2 pays 5.50% AER.
1 -
soulsaver said:Frequentlyhere said:Btw, for those who opened it at the time, you can still fund the Vanquis 90d accounts with new money. Issue 2 pays 5.50% AER.Is that definitely the case? The Savings T&Cs say this in respect of changes they make to the terms (my bold):Your options if you’re not happy with a
change we’re making
If you’re unhappy with a change we’re
making, you can tell us but you may
need to close your account. You must
tell us before the change comes into
force.
If your Product Information document
says you have to give us notice to
close your account, this won’t apply
from the date we give you notice until
the date the change is made.
0 -
I am slowly* moving the money out of Santander and into my new Shawbrook 45-day notice account at 5.16% - I want to do so now in case the latter becomes non-available hence stops accepting deposits. My other accounts with >5% are near FSCS limit, and I am trying to avoid opening further new accounts this tax year in order to simplify my finances.
(* Slowly due to £25k per day limit for withdrawals)
I will then close the account and take the interest elsewhere.0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards