Santander Easy Access Saver - What to do with it?

Johnny-Cage

gravel_2 said:

Ulster is sure to follow...

Still 60 days notice given on a rates drop reading there website 

gravel_2

Johnny-Cage said:

gravel_2 said:

Ulster is sure to follow...

Still 60 days notice given on a rates drop reading there website 

A fair point.

friolento

soulsaver said:

torchie said:

My wife and I have about £115K across our two accounts.  I will probably run them both down to £1 and move the funds to our Ulster Bank accounts that earn 5.2%.  I will give it another couple of week in case any new accounts are launched that improve on Ulster Bank.

If you've not got Ulster Bank acs, I'd start the application sooner rather than later... not the easiest to open apparently.

It‘s not difficult in my experience, it just takes ages to get the account and online access. Once your wait time is over, they are fine 

Johnny-Cage

gravel_2 said:

Johnny-Cage said:

gravel_2 said:

Ulster is sure to follow...

Still 60 days notice given on a rates drop reading there website 

A fair point.

Just realised it’s only for current Ulster customers, so still need somewhere before May 19th 

BooJewels

I'm just going to move some of mine sideways into my Cahoot Simple Saver Issue 2, which is still at 5% (monthly) and as that also has to give 60 days notice of a drop, it'll be fine there until that changes. I'll keep some in the Santander account, as it feeds my current account for extra spending and I've a few things coming up to pay for, work done on the house etc.  For me, a particular pattern of organisation also has a value - it's not just about the interest return.

Bridlington1

gravel_2 said:

Ulster is sure to follow...

Though any variable rate account could reduce their interest rate at some stage, it's not specific to Santander or Ulster. Ulster at 5.2% is a very good rate at present, it will pay 5.2%+ for at least the next couple of months so it's worth considering IMHO. If you move your funds to Ulster and they then drop their rate it's easy enough to move your money to somewhere that pays a better rate. 

Personally I'll take the best rates that I can get at the time, I won't be using Ulster myself at the moment (though it still sits with a 1p balance on standby) as virtually all of my savings are currently either in ISAs, regular savers paying 5.5%+ or the Santander 7% Edge Saver. I'm currently running down the balance of the Skipton Member Bonus Saver, which I ``refreshed" at the turn of the tax year.

allegro120

torchie said:

My wife and I have about £115K across our two accounts.  I will probably run them both down to £1 and move the funds to our Ulster Bank accounts that earn 5.2%.  I will give it another couple of week in case any new accounts are launched that improve on Ulster Bank.

I don't think there will be any new EA 5.2%+ offers in foreseen future.  I'm sure Ulster will also be reducing the rate soon.

soulsaver

Johnny-Cage said:

gravel_2 said:

Johnny-Cage said:

gravel_2 said:

Ulster is sure to follow...

Still 60 days notice given on a rates drop reading there website 

A fair point.

Just realised it’s only for current Ulster customers, so still need somewhere before May 19th 

It's for new and existing current account holders. So, you can open a current account and you become a new/existing c/a ac holder and qualify for the loyalty saver. 

Johnny-Cage

soulsaver said:

Johnny-Cage said:

gravel_2 said:

Johnny-Cage said:

gravel_2 said:

Ulster is sure to follow...

Still 60 days notice given on a rates drop reading there website 

A fair point.

Just realised it’s only for current Ulster customers, so still need somewhere before May 19th 

It's for new and existing current account holders. So, you can open a current account and you become a new/existing c/a ac holder and qualify for the loyalty saver. 

Thanks 
All my savings are gonna be used for a Orangey more likely early next year looking at rates thinking of using the Plum 6m fixed rate at 5.25%

Take it with Plum I can add more funds got 17k in Santander and 4.8k in Club Lloyds RS that matures on 5th June 

BooJewels

Johnny-Cage said:

soulsaver said:

Johnny-Cage said:

gravel_2 said:

Johnny-Cage said:

gravel_2 said:

Ulster is sure to follow...

Still 60 days notice given on a rates drop reading there website 

A fair point.

Just realised it’s only for current Ulster customers, so still need somewhere before May 19th 

It's for new and existing current account holders. So, you can open a current account and you become a new/existing c/a ac holder and qualify for the loyalty saver. 

Thanks 
All my savings are gonna be used for a Orangey more likely early next year looking at rates thinking of using the Plum 6m fixed rate at 5.25%

Take it with Plum I can add more funds got 17k in Santander and 4.8k in Club Lloyds RS that matures on 5th June 

I'm not familiar with Plum, but most fixed accounts have a limited funding window - usually 14 or 21 days from opening or first funding - so check the T&C to ensure it will let you do what you need.