Santander Easy Access Saver Limited Edition (Issue 3)

JohnSwift10

Just had this email about my  Easy Access Saver Limited Edition (Issue 3) 

We're increasing the term of your Easy Access Saver Limited Edition (Issue 3) by an extra 10 months. From 1 October 2024 you'll also get a new interest rate of 4.00% AER/3.93% gross (variable).

Swipe

Then the next email will be "from X date we will be reducing the interest rate to X%"

gravel_2

Don't know why anyone would hang on to this account.

schiff

It is a very convenient account if your main account is with Santander and most of your servicing of regular savers is channelled through it. I'm keeping mine, albeit with a modest balance.

jameseonline

JohnSwift10 said:

Just had this email about my  Easy Access Saver Limited Edition (Issue 3) 

We're increasing the term of your Easy Access Saver Limited Edition (Issue 3) by an extra 10 months. From 1 October 2024 you'll also get a new interest rate of 4.00% AER/3.93% gross (variable).

Already mentioned in easy access thread

jameseonline

gravel_2 said:

Don't know why anyone would hang on to this account.

Can be useful to have at least one separate account or even keeping just 1 account with Santander incase other things come up or you want to budget or something.

As a more general thing it probably isn't providing you have a better account elsewhere.

mohecan

@ JS 13 Aug 2024. THANK YOU...sant Esy svr iss 3 matured today. No surprise i had it diarised.                                 Yet it didn't mature i just got paid the interest and the acc name and int rate stayed at 4.20 (yes 4.2%) I was an early adopter. 
I could find nothing other than JS's remark on an internet search, relating to what had happened. Not even by scouring sants web site on this old account. All i could find were notes about changes to the rate back in May.
 .
I had missed /not rcvd any email about the Extension of time change. I rang Sant and had confirmation ..
the Sant Easy Access Ltd issu 3. Will be extended by 10 months from maturity at the current rate...
And as its a 2.2% higher rate than the current acc it will do nicely to put £s into that are not required Today but may well be needed to hand in a few days a week or two. Easy access and easy txfrs . just  a shame i had to ring to get the low down...Good luck savers we are going to need it. 

clivep

I received my email about this on 7th August...

Good news - you can enjoy a better interest rate for 10 more months

Hi xxxxx We wanted to remind you we're increasing the term of your Easy Access Saver Limited Edition (Issue 3) by an extra 10 months. From 1 October 2024 you'll also get a new interest rate of 4.00% AER/gross (variable).

GalacticaActual

I received my annual statement for my Easy Access Saver Limited Edition (Issue 3) today and, on page 5, there was the following information:

We’re extending the term of your Easy Access Saver by an extra 12 months, with a new interest rate of 3.00% AER / 2.96% gross (variable) from 1 August 2025. You can still withdraw or add money in at any time.

We’re pleased to let you know that we’re extending the term of your Easy Access Saver Limited Edition (Issue 3) so you can continue enjoying a great rate. It was due to mature onto an Everyday Saver with an interest rate of 1.00% AER/gross (variable).

We’re giving you a further 12 months in your Easy Access Saver, with an interest rate of 3.00% AER / 2.96% gross (variable) from 1 August 2025. This is currently our best instant access savings rate for balances up to £250,000.

Remember that your account has a variable interest rate, which means it can go up and down.

The interest rate is currently 4.00% AER / 3.93% gross (variable).