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The Top Regular Savers Discussion Thread
Comments
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yes but to withdraw the funds, and keep the 5.5pc rate on said funds, its 1st Jan 2028 before you can. So some of us are speculating best use of the account based on possible future needs, hence the scenario to minimal fund during 2026, then max out 2027. There isn't any withdrawals of this open ended account without interest rate penalty for upto a year, hence the discussion and make sure correct understanding of the way this account operates.
If you want to be rich, never, ever have kids
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It depends what Santander do in 12 months time. If they offer a new bonus rate on existing accounts (like the Marcus EA model) then it might be enough that the new rate on £2400 + interest + £200/month looks a good deal.
Alternatively it could be an Edge Saver-like situation where there's no benefit from keeping the account open.
But until next year arrives it would be a case of guesswork.
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True, like the 1980's Norwich and Peterborough days, very few open ended account since
If you want to be rich, never, ever have kids0 -
Could you explain how you got 1st Jan 2028 as earliest possible closing date with the bonus. Is it that you have to have the account open for at least a year (although can’t see that explicitly stated)?
Learn from the mistakes of others - you won't live long enough to make them all yourself.0 -
I closed Manchester BS regular saver, reopened new one a few months later was automatically given new online ID.
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Beverley BS RS (Issue 2)
Mine now open (applied yesterday evening) and showing in online banking alongside existing Issue 1. Funded today.
Got a COP match straightaway with Santander using the account number shown in online banking as the reference.
Banking details for Beverley hard to find:-
Sort code 62-28-90 (National Westminster)
Account no: 00000000 (8 zeros)
Reference: 10 digit account number (starts 089)
Hope this helps.
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I was shown payment details on the final screen of the application flow
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N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.0 -
When closing my 5% Santander saver, the chat bot tells me to transfer my existing funds to another account before closing so the balance is zero. Where will my 6 months worth of interest end up?
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if you have other existing savings/current accounts with Santander, Sandi will allow you to choose one of them for the interest.
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Beverley Issue 2 now closed to new applications
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