Regular Savings Accounts Article Discussion

member03030

hi, i have a 123 acc with santander and a regular saver linked to this account which should pay 5% after a year, i'm looking to close both accounts but am only 6 months into the 12..

I can't find any terms on what the reg saver will pay in interest if closed after say 6 or 7 months, or if it will pay any interest at all.

Would anyone happen to know, or have a link ? thanks

solartom

"We're sorry to hear that you are thinking about closing your savings account or cash ISA. Please send a secure message through your online banking, visit your local branch or call 0800 9 123 123. Lines open 7am to 9pm Monday to Saturday and 8am to 9pm Sundays."

from the santander website FAQ's

dekkard

member03030 wrote: »

hi, i have a 123 acc with santander and a regular saver linked to this account which should pay 5% after a year, i'm looking to close both accounts but am only 6 months into the 12..

I can't find any terms on what the reg saver will pay in interest if closed after say 6 or 7 months, or if it will pay any interest at all.

Would anyone happen to know, or have a link ? thanks

I don't know for sure but I'd imagine they'd pay you the interest due for those 6 months.

Neil_Jones

The MSE Regular Saver calculator suggests a payment of £17.23 would be due after six months, and £23 after seven.

Note that the T&Cs for the Regular Saver says you only have to be a 123/World or Select customer at the point of application, though by the same admission the terms also say you should only feed it from your Santander current account.

member03030

Thanks all, no real reason to keep my money in santander anymore....

Regards

where_are_we

What are the "forumites" thoughts on First Trust Bank`s Regular Saver Account ? I like the £500 monthly maximum, instant withdrawals, online management and it is covered by the FCSS even though owned by AIB. The 2.5% interest rate is variable and I have used up all my better rate options. However all branches are in Northern Ireland. I am emptying my BOS accounts prior to Tesco DD`s ending next April.

ceredigion

where_are_we wrote: »

What are the "forumites" thoughts on First Trust Bank`s Regular Saver Account ? I like the £500 monthly maximum, instant withdrawals, online management and it is covered by the FCSS even though owned by AIB. The 2.5% interest rate is variable and I have used up all my better rate options. However all branches are in Northern Ireland. I am emptying my BOS accounts prior to Tesco DD`s ending next April.

Was under the impression that it needs a branch visit to open?, which put me off


Edit, To clarify the RS can be opened on line but you have to hold a First Trust bank select current account, which needs opening in branch.

missymouse

My Nationwide monthly saver has just matured so apparently have to open another one and it reduces to a low amount

Are there any accounts with good interest rates which are ongoing. It would be great to put the savings somewhere else and continue to get 5% rather than starting from scratch every time.

ceredigion

missymouse wrote: »

My Nationwide monthly saver has just matured so apparently have to open another one and it reduces to a low amount

Are there any accounts with good interest rates which are ongoing. It would be great to put the savings somewhere else and continue to get 5% rather than starting from scratch every time.

https://forums.moneysavingexpert.com/discussion/608697
post #2

solartom

not able/allowed to copy link i am referring to but it is the one in above post by ceredigion
link not working all links to this thread seem to have vanished even special saver is looking for his own thread to update it anyone know what is going on????