Santander edge bonus period has ended

JC_Derby

Rate now reverts to 4% i believe, on balances of upto 4k.
Actually 4% seems ok for me....i cant move that money to an ISA this year(used my allocation) - I have a natwest digital regular saver, which is now almost full too.. 

Are there any other decent savings accounts/regular savers or am i going to be better putting this money into reducing a 0% credit card transfer that's coming to an end in a couple of months?

gt94sss2

You can close the Edge Saver and then open a new one to get the bonus again..

flaneurs_lobster

Cahoot are paying 5% on up to £3k.

Nasqueron

flaneurs_lobster said:

Cahoot are paying 5% on up to £3k.

Chase are paying 5% AER on unlimited (effectively, it's £3m cap) if you are a new customer as there is a 2.17% bonus rate for 12 months

cantbelieveit23

No mention of whether you can get another 0% balance transfer.  If you would need to pay a fee to get 0%, surely it would make sense to pay off the credit card first.  You could then look at building savings in one of the accounts others have flagged or even back in the Edge account.  Alternative could be First Direct regular saver (7% fixed up to £300 per month)

Nasqueron

cantbelieveit23 said:

No mention of whether you can get another 0% balance transfer.  If you would need to pay a fee to get 0%, surely it would make sense to pay off the credit card first.  You could then look at building savings in one of the accounts others have flagged or even back in the Edge account.  Alternative could be First Direct regular saver (7% fixed up to £300 per month)

The fee can be low enough to make it profitable to transfer

Say you BT £1000 for a 3% fee = £30
1 year in edge saver = £60 interest 

£30 profit provided you can make the minimum payments from elsewhere

If it's a 2 year BT then £90 profit

JC_Derby

cantbelieveit23 said:

No mention of whether you can get another 0% balance transfer.  If you would need to pay a fee to get 0%, surely it would make sense to pay off the credit card first.  You could then look at building savings in one of the accounts others have flagged or even back in the Edge account.  Alternative could be First Direct regular saver (7% fixed up to £300 per month)

Just don't know whether i can get a 0%. I believe its 3 months left on that.
i think 5% is reasonable...
I had cahoot accounts before...not used chase yet.

Bridlington1

JC_Derby said:

cantbelieveit23 said:

No mention of whether you can get another 0% balance transfer.  If you would need to pay a fee to get 0%, surely it would make sense to pay off the credit card first.  You could then look at building savings in one of the accounts others have flagged or even back in the Edge account.  Alternative could be First Direct regular saver (7% fixed up to £300 per month)

Just don't know whether i can get a 0%. I believe its 3 months left on that.
i think 5% is reasonable...
I had cahoot accounts before...not used chase yet.

You can get more than 5% on some regular savers. See:
https://forums.moneysavingexpert.com/discussion/6576962/the-top-regular-savers-discussion-thread/p1

MX5huggy

The Santander regular saver is 5% on £200 per month. 

schiff

gt94sss2 said:

You can close the Edge Saver and then open a new one to get the bonus again..

I have two Edge Savers, the interest rate on the earlier one is due to fall from 7% to 4% in a couple of weeks. So the close and open is attractive. Does it still work? Anybody? 

ThePirates

Yup, took about 5 working days but I closed and opened a new one against my 2nd Edge Current Account.