Transferring money from Santander Everyday Saver to Monthly Saver

paul_liverpoolfc

Hi

I currently have £4300 sitting in a Santander Everyday Saver only making 1.2% in interest and wish to transfer it to my Santander Monthly Saver making 5%.

Is this possible? The most you can save in the Monthly Saver over a year is £2400.

Thanks.

PRAISETHESUN

You can, subject to the monthly deposit limits on the Santander RS (£200/month). If you're looking to move the lump sum in a single go, then I'd check out other easy access savings, such as those listed here: https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/