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Santander Edge Saving account.

Just discovered a quick hack for anyone with an Edge Savings Account with Santander. If you have had your account for over a year your interest rate will have dropped from 6% down to 4%. Here is the hack........Close the account and then open a new Edge Savings Account. This will boost your interest back up to 6% for twelve months. It is a bit of a faf but I simply went into my local Santander and got them to do it in branch.

Comments

  • Stargunner
    Stargunner Posts: 1,036 Forumite
    1,000 Posts Fifth Anniversary Name Dropper
    Just discovered a quick hack for anyone with an Edge Savings Account with Santander. If you have had your account for over a year your interest rate will have dropped from 6% down to 4%. Here is the hack........Close the account and then open a new Edge Savings Account. This will boost your interest back up to 6% for twelve months. It is a bit of a faf but I simply went into my local Santander and got them to do it in branch.
    That is not s hack, it is normal procedure to close and re-open after a year, 
    You can do it online, without the need to go into a branch.
  • danny13579
    danny13579 Posts: 889 Forumite
    500 Posts Second Anniversary Photogenic Name Dropper
    Old news and certainly not a hack. We've been doing that for years. Can be done in minutes using online banking, faff-free.
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