The New Top Easy Access Savings Discussion Area

friolento

nottsphil said:

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. 

It's one thing when not so well informed forumites are confusing all sorts of savings accounts with Regular Saving accounts but it's quite sad to see that regular posters in this thread are responding to such posts without explaining that Regular Savings accounts are a distinct kind of accounts. 

I would suggest people should be guided by the list of accounts on page 1 of this thread, so fantastically maintained by @Bridlington1. I hope he will not decide to confuse the issue by adding pseudo / pretend Regular Savings accounts, such as the Cahoot and Coventry Sunny Day Savers, the Chase and Chip easy access savers with special 6 or 12 months newbie rates, and the Santander Edge saver etc etc to the extensive list of actual Regular/Monthly Saver accounts.

To those who say they would have missed the Edge Saver (and others) if these had not been mentioned in this thread: they misunderstand the purpose of the thread (which is clearly defined on page 1), and they are probably missing out on a great deal more besides. They could do worse than following the distinct other threads on this forum for other types of savings accounts, and by regularly checking the moneyfacts savings pages.

castle96

2 edge saver fub=nded. Would be 3 if I had a join account. Time to close conversation perhaps. Sorry for starting it !

Bridlington1

castle96 said:

2 edge saver fub=nded. Would be 3 if I had a join account. Time to close conversation perhaps. Sorry for starting it !

Don't worry about it, you are forgiven. It's a useful account and is worthy of discussion on the forum, I just would prefer it if it was discussed in The New Top Easy Access Savings Discussion Area thread instead, where it has been discussed many times before (as well as in the thread that preceded it).

s71hj

surreysaver said:

friolento said:

nottsphil said:

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. 

It's one thing when not so well informed forumites are confusing all sorts of savings accounts with Regular Saving accounts but it's quite sad to see that regular posters in this thread are responding to such posts without explaining that Regular Savings accounts are a distinct kind of accounts. 

I would suggest people should be guided by the list of accounts on page 1 of this thread, so fantastically maintained by @Bridlington1. I hope he will not decide to confuse the issue by adding pseudo / pretend Regular Savings accounts, such as the Cahoot and Coventry Sunny Day Savers, the Chase and Chip easy access savers with special 6 or 12 months newbie rates, and the Santander Edge saver etc etc to the extensive list of actual Regular/Monthly Saver accounts.

To those who say they would have missed the Edge Saver (and others) if these had not been mentioned in this thread: they misunderstand the purpose of the thread (which is clearly defined on page 1), and they are probably missing out on a great deal more besides. They could do worse than following the distinct other threads on this forum for other types of savings accounts, and by regularly checking the moneyfacts savings pages.

I think such accounts are perfectly valid to be mentioned on this forum, as they act as suitable float/feeder accounts for regular savers.  These types of accounts have been mentioned on this thread for years.
I'm not sure whether you are referencing me in this post, but I was responding to someone whingeing about why the Edge Saver was mentioned.
By the way, the Coventry Sunny Day Saver IS a regular saver.

What I find particularly useful is the stuff about tricks you can use ie not being charged for the edge current account if you never set up direct debits, the stuff Bridlington 1 came up with about upgrading Cahoot accounts so you have multiple ones

EthicsGradient

@soulsaver the number 6 entry
United Trust Bank UTB Easy Access Account 4.30% £5k min (05/09)
in ToTP appears to be no longer available - there are just fixed term, notice and a tracker account there now. And it's no longer listed in the Moneyfactscompare listing.

EthicsGradient

Arrrghh. Maybe this has been noted here before, but:
I set up an annual interest Cahoot Simple Saver account. A few days later, I had put £3000 in it, and yesterday I thought "I may as well 'upgrade' it to a Sunny Day Saver - it should only take a few minutes". It did. The Sunny Day Saver retains the same account number, and the "(A)" suffix, meaning "annual interest", I presume. It showed as 5.00% interest, and £3000 balance.
Today, I log in, and see it shows as balance £3001.11, and 0.00% interest. They have added the 4 days' interest I earned before conversion, which has pushed it over the limit - despite the complete transaction list that I made to it as a "Simple Saver" still being assigned to it (which implies it's a continuous account), and despite it being an "annual" account, that you'd expect to remain without credited interest until 10 Oct 2026. And they didn't even do it at the time, but waited until my back was turned.

So I've moved £3 out, and I'll have to see what they set the interest rate to tomorrow.

jameseonline

If we not classing Edge as a regular saver than surely you can't really class NatWest or RBS as ones either, all 3 pay out monthly and you can regularly pay in.

Each to their own anyway😏🤔🙃

soulsaver

@EthicsGradient
It's just a bug (which they should have fixed by now..). If you exceed £3k it shows 0.0%.. but it still pays 5.0% on the £3k and nowt on the bit above.

AndyTh_2

jameseonline said:

If we not classing Edge as a regular saver than surely you can't really class NatWest or RBS as ones either, all 3 pay out monthly and you can regularly pay in.

Each to their own anyway😏🤔🙃

by pay out, do you mean interest? That's not the reason for the word "regular" in regular saver. Its the limits to pay-in each month (and not self-imposed limits)

What_time_is_it

jameseonline said:

If we not classing Edge as a regular saver than surely you can't really class NatWest or RBS as ones either, all 3 pay out monthly and you can regularly pay in.

Each to their own anyway😏🤔🙃

I would say that both the NatWest and RBS accounts are regular savers… until they are not!

Regular Savers until you get to £5k. And then they are just like savings accounts.

Although it should also be noted that I am compelled to regularly spend 20 mins at the self checkout in Tesco running each vegetable through individually to max out the round ups. Very irregular behaviour.