swapping 123 CURRENT ACCOUNT SWITCHER to Edge or Edge up

buyhighselllow

It looks like I can switch my 123 ( fee £4/month ) to Edge or Edge up.. 
I currently get £8 in DD rewards and £5 interest as rate is 2%

I am attracted to 6% on 4K saver as only getting 3.9% at the moment with Santander

 will I get the £150 switch bonus ?

Would I still get the 6% saver with  Edge up..think I would get better interest on my current account holding than Edge ?

I understand all my accunt details /pin etc stay the same

any advice welcome

Tony5896

You will only get the edge saver 6% for a year if you upgrade to edge .. if you upgrade to edge plus then you can’t open the edge saver 

The edge plus is 3.5%

PloughmansLunch

You also won't get any switch bonus if you go from Santander > Santander. The account 'killed off' in the process has to be from a rival bank.

buyhighselllow

Looks like all the benefits would be in year 1, I would be £180 better off if the Edge saver stays at 6%   Hmm, what are the chances of that ?

friolento

You only get any switch bonus if you switch from another bank. This applies to all banks.

If you want an Edge account, just apply for one. You can leave your 123 untouched. The Edge costs you nothing if you don’t set up any DDs on it but you do get access to the Edge Saver. Check the Forum for further discussions on this.

PRAISETHESUN

@buyhighselllow There's a difference here between account "switching" (which moves accounts from one bank to another using CASS) and the change of account type you are referring to in your OP. If your goal is to get the £150 switch incentive from Santander for opening a new Edge account, then what you are proposing (converting your existing 123 Account into an Edge account) will not qualify unless you also switch a non-Santander account from another bank into the newly-converted Edge account.

WillPS

Santander append 'Switcher' to accounts when you've had a switch bonus. Since you've already had one, you wouldn't get another (even if you were to switch in from outside).

surreysaver

Just open an Edge Current Account anyway so you can have the saver. You don't have to switch or close your 123. 
Just don't set up any direct debits with the Edge account, then you won't pay the fee.

Stargunner

WillPS said:

Santander append 'Switcher' to accounts when you've had a switch bonus. Since you've already had one, you wouldn't get another (even if you were to switch in from outside).

The OP hasn’t said that they have already received a switch bonus from Santander.

WillPS

Stargunner said:

WillPS said:

Santander append 'Switcher' to accounts when you've had a switch bonus. Since you've already had one, you wouldn't get another (even if you were to switch in from outside).

The OP hasn’t said that they have already received a switch bonus from Santander.

They don't need to, it's implicit. See the title of the thread.

Stargunner

WillPS said:

Stargunner said:

WillPS said:

Santander append 'Switcher' to accounts when you've had a switch bonus. Since you've already had one, you wouldn't get another (even if you were to switch in from outside).

The OP hasn’t said that they have already received a switch bonus from Santander.

They don't need to, it's implicit. See the title of the thread.

Obviously they would need to switch in from another bank, but you said that they had already received a switch bonus, which you wouldn’t know.