Santander Edge Saver ending

JohnSwift10

My Santander edge saver account is ending in a couple of days and the interest rate is reducing from 6.78% to 4.41%.

Do I have to close it and withdraw the balance before I can open another one, (with the same £4000) or just apply for another Santander Edge saver?

Or even leave it with £4000 and use another £4000 for the new one?

Middle_of_the_Road

You need to request closure before you're able to open a new one. Usually takes a few days to complete. The new rate is now 6%.

bristolleedsfan

If Santander still allow 2 Edge current accounts to be held possible to have 2 Edge savers.

"Only 1 Santander Edge saver per Santander Edge current account you hold"

Stargunner

bristolleedsfan said:

If Santander still allow 2 Edge current accounts to be held possible to have 2 Edge savers.

"Only 1 Santander Edge saver per Santander Edge current account you hold"

You can have 2 edge savers if you have a sole and a joint edge CA

GlasgowExpat2

Stargunner said:

bristolleedsfan said:

If Santander still allow 2 Edge current accounts to be held possible to have 2 Edge savers.

"Only 1 Santander Edge saver per Santander Edge current account you hold"

You can have 2 edge savers if you have a sole and a joint edge CA

I have two sole Edge accounts and two Edge saver accounts.  Does this mean when they end in a week I’ll only be allowed one Edge saver?

bristolleedsfan

https://www.santander.co.uk/assets/s3fs-public/AD_documents/Santander_Edge_current_account_Key_Facts_Document_BANKMC0315JAN25IPGCDT.pdf

Stargunner

GlasgowExpat2 said:

Stargunner said:

bristolleedsfan said:

If Santander still allow 2 Edge current accounts to be held possible to have 2 Edge savers.

"Only 1 Santander Edge saver per Santander Edge current account you hold"

You can have 2 edge savers if you have a sole and a joint edge CA

I have two sole Edge accounts and two Edge saver accounts.  Does this mean when they end in a week I’ll only be allowed one Edge saver?

It appears that you can have 2 edge sole accounts, which sllows you to have 2 edge savers.
Santander allow you a max of 2 current accounts, whether sole or joint.

jameseonline

Do Santander notify you beforehand about the rate dropping on the Edge Saver or does it just drop?

ThePirates

It appears that you can have 2 edge sole accounts, which sallows you to have 2 edge savers.

Santander allow you a max of 2 current accounts, whether sole or joint.

Ooooh I didn't know you could have 2 sole ones!
Now to remember how to avoid activating the fee 🤔

For me it was open the account, set up 2 DDs, but never pay in more than £500 in the month.

On the one I currently have I have a PayPal DD that's never taken anything and my TV Licence. So all I ever pay in is £15 and it's paid out a few days later. Never paid the fee. Time to try it again for a second 6% easy access saver!

wmb194

ThePirates said:

It appears that you can have 2 edge sole accounts, which sallows you to have 2 edge savers.

Santander allow you a max of 2 current accounts, whether sole or joint.

Ooooh I didn't know you could have 2 sole ones!
Now to remember how to avoid activating the fee 🤔

For me it was open the account, set up 2 DDs, but never pay in more than £500 in the month.

On the one I currently have I have a PayPal DD that's never taken anything and my TV Licence. So all I ever pay in is £15 and it's paid out a few days later. Never paid the fee. Time to try it again for a second 6% easy access saver!

No, you don’t need to set up any DDs.

ThePirates

No, you don’t need to set up any DDs.

Interesting!