The New Top Easy Access Savings Discussion Area

liamcov

So how many of these 6% easy-access/'regular saver' accounts can one person have?

francoghezzi

surreysaver said:

trickydicky14 said:

surreysaver said:

exel1966 said:

Catplan said:

castle96 said:

Santander - confirmed with them. OneEdge Saver (6% for a yr) for each current account (1 single and 2 for joint). Only downside is the £3 mthly fee for each current account, but if you have some SOs in there it compensates

It is well documented that you can avoid the fee, by not setting up DD’s. It’s now possible to have three, the two you suggest plus an Edge Explorer account allows one as well.

Anything to do with RS? Perhaps you posted this in the wrong thread.

The Edge Saver is like a regular saver, only it allows you to put all your money in in one go at the beginning 

How is it like a RS? surely it's a easy access savings account that has a limit on how much you can put in and get interest.

Like I said, it has all the characteristics of a regular saver (higher interest rate, maximum balance, maturity date when the interest rate drops) except for the fact you can put your money in at the beginning. And take it out (a similarity with other regular savers). It has the additional benefit of being able to replace funds withdrawn 

...but the fact that "you put the money all in the beginning" is exactly why this is not a regular saver. Happy to read about it, but no one can convince me that we're talking about a regular saver

clairec666

If it's not a regular saver, then nobody can claim it pays half the advertised interest rate

* ducks and runs for cover *

francoghezzi

clairec666 said:

If it's not a regular saver, then nobody can claim it pays half the advertised interest rate

* ducks and runs for cover *

So true ... 

surreysaver

francoghezzi said:

surreysaver said:

trickydicky14 said:

surreysaver said:

exel1966 said:

Catplan said:

castle96 said:

Santander - confirmed with them. OneEdge Saver (6% for a yr) for each current account (1 single and 2 for joint). Only downside is the £3 mthly fee for each current account, but if you have some SOs in there it compensates

It is well documented that you can avoid the fee, by not setting up DD’s. It’s now possible to have three, the two you suggest plus an Edge Explorer account allows one as well.

Anything to do with RS? Perhaps you posted this in the wrong thread.

The Edge Saver is like a regular saver, only it allows you to put all your money in in one go at the beginning 

How is it like a RS? surely it's a easy access savings account that has a limit on how much you can put in and get interest.

Like I said, it has all the characteristics of a regular saver (higher interest rate, maximum balance, maturity date when the interest rate drops) except for the fact you can put your money in at the beginning. And take it out (a similarity with other regular savers). It has the additional benefit of being able to replace funds withdrawn 

...but the fact that "you put the money all in the beginning" is exactly why this is not a regular saver. Happy to read about it, but no one can convince me that we're talking about a regular saver

I realise that. I'm merely responding to another poster about why this account is mentioned in this thread 

friolento

Bobblehat said:

Whether clear or not, it's clearly (cleverly?) aimed at fooling some people into thinking they may have to upgrade to keep their Edge Saver(s). Or am I just being cynical?

I think you are cynical. 

Anyone who cares to read beyoned the first couple of sentences will have noticed this

And this

friolento

surreysaver said:

exel1966 said:

Catplan said:

castle96 said:

Santander - confirmed with them. OneEdge Saver (6% for a yr) for each current account (1 single and 2 for joint). Only downside is the £3 mthly fee for each current account, but if you have some SOs in there it compensates

It is well documented that you can avoid the fee, by not setting up DD’s. It’s now possible to have three, the two you suggest plus an Edge Explorer account allows one as well.

Anything to do with RS? Perhaps you posted this in the wrong thread.

The Edge Saver is like a regular saver, only it allows you to put all your money in in one go at the beginning 

Given that the essence of a Regular Saver is regular deposits, the Edge saver is anything but a Regular Saver. 

Nor is is being described or marketed as a Regular Saver by Santander. 

Nobody has yet described the Cahoot Sunny Day Savers or similar offerings as Regular Savers, even though they have very similar characteristics as the Edge saver, and long may this thread be reserved for true Regular Savers.

 

ThePirates

liamcov said:

So how many of these 6% easy-access/'regular saver' accounts can one person have?

You can have 2, 1 for each Edge Current Account you hold.

nottsphil

surreysaver said:

friolento said:

surreysaver said:

exel1966 said:

Catplan said:

castle96 said:

Santander - confirmed with them. OneEdge Saver (6% for a yr) for each current account (1 single and 2 for joint). Only downside is the £3 mthly fee for each current account, but if you have some SOs in there it compensates

It is well documented that you can avoid the fee, by not setting up DD’s. It’s now possible to have three, the two you suggest plus an Edge Explorer account allows one as well.

Anything to do with RS? Perhaps you posted this in the wrong thread.

The Edge Saver is like a regular saver, only it allows you to put all your money in in one go at the beginning 

Given that the essence of a Regular Saver is regular deposits, the Edge saver is anything but a Regular Saver. 

Nor is is being described or marketed as a Regular Saver by Santander. 

Nobody has yet described the Cahoot Sunny Day Savers or similar offerings as Regular Savers, even though they have very similar characteristics as the Edge saver, and long may this thread be reserved for true Regular Savers.

 

All I was doing was responding to someone whingeing about the Edge Saver being discussed on here. I know it's not a regular saver. I was responding to them.
You could always use the Edge as Regular Saver if you wanted?

You could say that to justify just about any non-term savings account appearing in this thread! 
In your defence however, I do think the criticism should have been directed at Castle 96, who appears to have initiated the Edge discussion. 

flaneurs_lobster

ThePirates said:

liamcov said:

So how many of these 6% easy-access/'regular saver' accounts can one person have?

You can have 2, 1 for each Edge Current Account you hold.

+1 if you hold the Explorer current account too = 3.