Stop using Edge Current Account but keep Edge Saver Account?

flaneurs_lobster

Slinky said:

DiamondLil said:

The answer lies here:

https://forums.moneysavingexpert.com/discussion/6601967/how-to-get-a-santander-edge-saver-without-using-the-current-account?utm_source=community-search&utm_medium=organic-search&utm_term=Santander+Edge+

Open the Edge current account. Deposit a nominal amount. Do not set up DDs and do not pay in the monthly requirement. 

I did this and have had the Edge saver for two years now. First year paying 7%, second year paying 6%.

Current account hasn't been used since the initial £10 deposit.

I've done the same, and so has my husband. As we also have a joint 123 account we are allowed 2 Edge savers each, so currently have £16K between us earning 6%. I've just closed and reopened a new Edge saver that was due to lower the interest rate next month.

You can also have two Edge current accounts as an individual and therefore two Edge savers. I have this, albeit one of them is fee-paying as the cashback from household bill DDs exceeds the fee by a few £.

35har1old

DiamondLil said:

The answer lies here:

https://forums.moneysavingexpert.com/discussion/6601967/how-to-get-a-santander-edge-saver-without-using-the-current-account?utm_source=community-search&utm_medium=organic-search&utm_term=Santander+Edge+

Open the Edge current account. Deposit a nominal amount. Do not set up DDs and do not pay in the monthly requirement. 

I did this and have had the Edge saver for two years now. First year paying 7%, second year paying 6%.

Current account hasn't been used since the initial £10 deposit.

You can put in more than the monthly payment and still not be charged the fee just don't have the DD

jameseonline

flaneurs_lobster said:

Slinky said:

DiamondLil said:

The answer lies here:

https://forums.moneysavingexpert.com/discussion/6601967/how-to-get-a-santander-edge-saver-without-using-the-current-account?utm_source=community-search&utm_medium=organic-search&utm_term=Santander+Edge+

Open the Edge current account. Deposit a nominal amount. Do not set up DDs and do not pay in the monthly requirement. 

I did this and have had the Edge saver for two years now. First year paying 7%, second year paying 6%.

Current account hasn't been used since the initial £10 deposit.

I've done the same, and so has my husband. As we also have a joint 123 account we are allowed 2 Edge savers each, so currently have £16K between us earning 6%. I've just closed and reopened a new Edge saver that was due to lower the interest rate next month.

You can also have two Edge current accounts as an individual and therefore two Edge savers. I have this, albeit one of them is fee-paying as the cashback from household bill DDs exceeds the fee by a few £.

As in personal, non joint?, if so how did I not know this.

I thought it was 1 solo + 1 joint this whole time.

I've never paid a few for my edge accounts, no direct debits setup, only ever had £1 in the current account majority of the time.

Nasqueron

jameseonline said:

flaneurs_lobster said:

Slinky said:

DiamondLil said:

The answer lies here:

https://forums.moneysavingexpert.com/discussion/6601967/how-to-get-a-santander-edge-saver-without-using-the-current-account?utm_source=community-search&utm_medium=organic-search&utm_term=Santander+Edge+

Open the Edge current account. Deposit a nominal amount. Do not set up DDs and do not pay in the monthly requirement. 

I did this and have had the Edge saver for two years now. First year paying 7%, second year paying 6%.

Current account hasn't been used since the initial £10 deposit.

I've done the same, and so has my husband. As we also have a joint 123 account we are allowed 2 Edge savers each, so currently have £16K between us earning 6%. I've just closed and reopened a new Edge saver that was due to lower the interest rate next month.

You can also have two Edge current accounts as an individual and therefore two Edge savers. I have this, albeit one of them is fee-paying as the cashback from household bill DDs exceeds the fee by a few £.

As in personal, non joint?, if so how did I not know this.

I thought it was 1 solo + 1 joint this whole time.

I've never paid a few for my edge accounts, no direct debits setup, only ever had £1 in the current account majority of the time.

I have two personal accounts, saw on here but it is in the account terms you can have two single or single and joint

p1ston

Slinky said:

DiamondLil said:

The answer lies here:

https://forums.moneysavingexpert.com/discussion/6601967/how-to-get-a-santander-edge-saver-without-using-the-current-account?utm_source=community-search&utm_medium=organic-search&utm_term=Santander+Edge+

Open the Edge current account. Deposit a nominal amount. Do not set up DDs and do not pay in the monthly requirement. 

I did this and have had the Edge saver for two years now. First year paying 7%, second year paying 6%.

Current account hasn't been used since the initial £10 deposit.

I've done the same, and so has my husband. As we also have a joint 123 account we are allowed 2 Edge savers each, so currently have £16K between us earning 6%. I've just closed and reopened a new Edge saver that was due to lower the interest rate next month.

Do you want to give a few details more? Are you paying 4 lots of 3 quid fees?

wmb194

p1ston said:

Slinky said:

DiamondLil said:

The answer lies here:

https://forums.moneysavingexpert.com/discussion/6601967/how-to-get-a-santander-edge-saver-without-using-the-current-account?utm_source=community-search&utm_medium=organic-search&utm_term=Santander+Edge+

Open the Edge current account. Deposit a nominal amount. Do not set up DDs and do not pay in the monthly requirement. 

I did this and have had the Edge saver for two years now. First year paying 7%, second year paying 6%.

Current account hasn't been used since the initial £10 deposit.

I've done the same, and so has my husband. As we also have a joint 123 account we are allowed 2 Edge savers each, so currently have £16K between us earning 6%. I've just closed and reopened a new Edge saver that was due to lower the interest rate next month.

Do you want to give a few details more? Are you paying 4 lots of 3 quid fees?

It's easy to avoid the fee by not setting up two direct debits.

harz99

Would the OP not be better to open a new Edge account and just fund it nominally (ours only have a single £1 in each one) to avoid the fee, and after that downgrade the old Edge account to an Everyday account rather than close it...

p1ston

It won't let me transfer money from my edge account to my edge saver.

flaneurs_lobster

p1ston said:

It won't let me transfer money from my edge account to my edge saver.

More details please, app or online? From your Edge current account? Any error message?

The saver is just an easy access savings account like any other, shouldn't be any restrictions on transferring from any of your other Santander accounts (maybe the weird regular saver?) or from any external account.

grimble37

If we don't put any direct debits in there do we not have to pay in the £500 each month either?