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The Top Regular Savers Discussion Thread

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Comments

  • Rudyson
    Rudyson Posts: 365 Forumite
    Part of the Furniture 100 Posts Name Dropper
    liamcov said:
    My Monmouthshire RS issue 2 expires soon, using the login details from the maturity letter, the only options are transferring to another Mon account or receiving a cheque - if I wait until it turns into a different savings account will I be able to close and select a transfer to my bank?
    Yes, if you have a nominated a/c set up

  • s71hj
    s71hj Posts: 872 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    s71hj said:
    liamcov said:
    My Santander Edge Saver (6%) expires soon, is there still a way to get another for a year?
    It's not a regular saver so wrong thread but anyways

    Yes. Empty the account. Start a Live chat with Sandi the Bot with "close an account" and follow the prompts.

    When the account disappears open another one. Takes a couple of days overall.
    I tried this. Said I wasn't eligible. I assume because I'd already had one
    Do you have an Edge Current Account?
    It's Edge up. Whereas previously I had Edge which I converted to Edge Up. 
  • s71hj
    s71hj Posts: 872 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    s71hj said:
    s71hj said:
    liamcov said:
    My Santander Edge Saver (6%) expires soon, is there still a way to get another for a year?
    It's not a regular saver so wrong thread but anyways

    Yes. Empty the account. Start a Live chat with Sandi the Bot with "close an account" and follow the prompts.

    When the account disappears open another one. Takes a couple of days overall.
    I tried this. Said I wasn't eligible. I assume because I'd already had one
    Do you have an Edge Current Account?
    It's Edge up. Whereas previously I had Edge which I converted to Edge Up. 
    I thought Edge up was supposed to be all Edge had and more. This is me finding out in real time it isn't! 
  • flaneurs_lobster
    flaneurs_lobster Posts: 7,358 Forumite
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    s71hj said:
    s71hj said:
    s71hj said:
    liamcov said:
    My Santander Edge Saver (6%) expires soon, is there still a way to get another for a year?
    It's not a regular saver so wrong thread but anyways

    Yes. Empty the account. Start a Live chat with Sandi the Bot with "close an account" and follow the prompts.

    When the account disappears open another one. Takes a couple of days overall.
    I tried this. Said I wasn't eligible. I assume because I'd already had one
    Do you have an Edge Current Account?
    It's Edge up. Whereas previously I had Edge which I converted to Edge Up. 
    I thought Edge up was supposed to be all Edge had and more. This is me finding out in real time it isn't! 
    Just scanned the product details, it does seem the Edge Up account does not give access to the Edge Saver.

    Bit surprising that.
  • castle96
    castle96 Posts: 3,010 Forumite
    Part of the Furniture 1,000 Posts
    just closed edge saver and opened new one (2 days delay) @ 6%
  • subjecttocontract
    subjecttocontract Posts: 2,965 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    s71hj said:
    s71hj said:
    s71hj said:
    liamcov said:
    My Santander Edge Saver (6%) expires soon, is there still a way to get another for a year?
    It's not a regular saver so wrong thread but anyways

    Yes. Empty the account. Start a Live chat with Sandi the Bot with "close an account" and follow the prompts.

    When the account disappears open another one. Takes a couple of days overall.
    I tried this. Said I wasn't eligible. I assume because I'd already had one
    Do you have an Edge Current Account?
    It's Edge up. Whereas previously I had Edge which I converted to Edge Up. 
    I thought Edge up was supposed to be all Edge had and more. This is me finding out in real time it isn't! 
    Just scanned the product details, it does seem the Edge Up account does not give access to the Edge Saver.

    Bit surprising that.
    The Edge account pays no interest but gives access to the Edge saver at 6%
    The Edge Up account pays 2.5% interest on up to £25K but no Edge saver.
  • flaneurs_lobster
    flaneurs_lobster Posts: 7,358 Forumite
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    s71hj said:
    s71hj said:
    s71hj said:
    liamcov said:
    My Santander Edge Saver (6%) expires soon, is there still a way to get another for a year?
    It's not a regular saver so wrong thread but anyways

    Yes. Empty the account. Start a Live chat with Sandi the Bot with "close an account" and follow the prompts.

    When the account disappears open another one. Takes a couple of days overall.
    I tried this. Said I wasn't eligible. I assume because I'd already had one
    Do you have an Edge Current Account?
    It's Edge up. Whereas previously I had Edge which I converted to Edge Up. 
    I thought Edge up was supposed to be all Edge had and more. This is me finding out in real time it isn't! 
    Just scanned the product details, it does seem the Edge Up account does not give access to the Edge Saver.

    Bit surprising that.
    The Edge account pays no interest but gives access to the Edge saver at 6%
    The Edge Up account pays 2.5% interest on up to £25K but no Edge saver.
    So you just need to stuff £9.6k into the Edge Up current account to earn the same amount of interest. 

    Simple. 

    Except you could be earning 5% on that cash elsewhere.
  • gt94sss2
    gt94sss2 Posts: 6,219 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    liamcov said:
    My Monmouthshire RS issue 2 expires soon, using the login details from the maturity letter, the only options are transferring to another Mon account or receiving a cheque - if I wait until it turns into a different savings account will I be able to close and select a transfer to my bank?
    Yes, or post the enclosed form back to them
  • clairec666
    clairec666 Posts: 728 Forumite
    500 Posts Name Dropper
    s71hj said:
    s71hj said:
    s71hj said:
    liamcov said:
    My Santander Edge Saver (6%) expires soon, is there still a way to get another for a year?
    It's not a regular saver so wrong thread but anyways

    Yes. Empty the account. Start a Live chat with Sandi the Bot with "close an account" and follow the prompts.

    When the account disappears open another one. Takes a couple of days overall.
    I tried this. Said I wasn't eligible. I assume because I'd already had one
    Do you have an Edge Current Account?
    It's Edge up. Whereas previously I had Edge which I converted to Edge Up. 
    I thought Edge up was supposed to be all Edge had and more. This is me finding out in real time it isn't! 
    Just scanned the product details, it does seem the Edge Up account does not give access to the Edge Saver.

    Bit surprising that.
    The Edge account pays no interest but gives access to the Edge saver at 6%
    The Edge Up account pays 2.5% interest on up to £25K but no Edge saver.
    So you just need to stuff £9.6k into the Edge Up current account to earn the same amount of interest. 

    Simple. 

    Except you could be earning 5% on that cash elsewhere.
    But if it's 5% in a regular saver, as any good conspiracy theorist will tell you, you'll only get 2.5%. So the Edge Up wins every time 😁
  • s71hj
    s71hj Posts: 872 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    s71hj said:
    s71hj said:
    s71hj said:
    liamcov said:
    My Santander Edge Saver (6%) expires soon, is there still a way to get another for a year?
    It's not a regular saver so wrong thread but anyways

    Yes. Empty the account. Start a Live chat with Sandi the Bot with "close an account" and follow the prompts.

    When the account disappears open another one. Takes a couple of days overall.
    I tried this. Said I wasn't eligible. I assume because I'd already had one
    Do you have an Edge Current Account?
    It's Edge up. Whereas previously I had Edge which I converted to Edge Up. 
    I thought Edge up was supposed to be all Edge had and more. This is me finding out in real time it isn't! 
    Just scanned the product details, it does seem the Edge Up account does not give access to the Edge Saver.

    Bit surprising that.
    The Edge account pays no interest but gives access to the Edge saver at 6%
    The Edge Up account pays 2.5% interest on up to £25K but no Edge saver.
    So you just need to stuff £9.6k into the Edge Up current account to earn the same amount of interest. 

    Simple. 

    Except you could be earning 5% on that cash elsewhere.
    For those of us who fund multiple regular saver standing orders from a current account you need to retain a certain level of balance in the current account unless hyper organised and the 2.5% interest is near top of the market. Only really Kroo is better but I suspect that is more likely to move down with the base rate than Edge up. 
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