Santander Edge Saver ending.

subjecttocontract

https://forums.moneysavingexpert.com/discussion/comment/81991881#Comment_81991881

3.45%......

MACKEM99

I take the interest out each month and put it into a saver elsewhere.

😊

nottsphil

https://forums.moneysavingexpert.com/discussion/comment/81992031#Comment_81992031

Lobster's post was a response to one clearly stating the balance was £4,000.

wmb194

https://forums.moneysavingexpert.com/discussion/comment/81992378#Comment_81992378

Yes, and if you leave the interest earned in the account it'll earn nothing, so skim it.

nottsphil

https://forums.moneysavingexpert.com/discussion/comment/81992385#Comment_81992385

A common misconception. It doesn't mean you'll earn 0% on the whole balance, it just refers to the slice of the balance that is above £4,000.

wmb194

https://forums.moneysavingexpert.com/discussion/comment/81992395#Comment_81992395

I know. Perhaps I wasn't clear enough but I said or meant to say that the balance above £4k won't earn any interest and this is why you skim it.

masonic

https://forums.moneysavingexpert.com/discussion/comment/81992395#Comment_81992395

As a reminder, the statement in question was: "Left in the account it's earning zero interest", the "it" being the interest, which the poster was wondering whether or not to leave in the account...

https://forums.moneysavingexpert.com/discussion/comment/81984311#Comment_81984311

I'm not sure anyone misconceived what "it" was, but it was most certainly the interest and not any part of the £4k balance that was being recommended to be removed from the account. Every pound of the £4k would continue to earn interest regardless of what was done.

nottsphil

OK my mistake, Seriously was (fairly) clearly referring to the interest.

However, the subsequent ambiguities in the thread don't help newbies to the account, especially when a cursory look at their interest rate will show 0.00% after monthly interest has been added to £4000 of their capital.

nottsphil

https://forums.moneysavingexpert.com/discussion/comment/81976186#Comment_81976186

Did you achieve that by ringing the call centre because others have said the bot takes five working days. If so, were you still able to use it for the 3.45% while you were waiting? Also, how did you get a second one because I just applied and it came up with

which wasn't actually good news.

Or even news.

flaneurs_lobster

You can have two Santander Edge current accounts = two Edge savings accounts.