Interest Rates

[potsy]

I'm doing the same but finding them really difficult to communicate with. How long did they take to set your account up after you completed your application?

Their "Live Chat" is a complete joke, they don't like email, and they won't use a phone. It's tricky.

Interesting...
I have thought about moving my premium bonds to this kind of account instead, I notice Nationwide have a 4% one year bond, they may be a little better in terms of communication?
Will see if they increase again over the next few weeks before deciding.

 

[Chislenko]

Interesting...
I have thought about moving my premium bonds to this kind of account instead, I notice Nationwide have a 4% one year bond, they may be a little better in terms of communication?
Will see if they increase again over the next few weeks before deciding.

Must admit I am more a fan of face to face in branch transactions when handing over a lump of my hard earned!

 

[SpokeyDokey]

That doesn't sound good!

It took me about 20 minutes to complete the application and the account was created immediately.

We use Investec and it has worked fine to set up etc.

 

[chris-suffolk]

We use Investec and it has worked fine to set up etc.

Charter savings are offering 4.31% fixed for a year. Rates are rising fast, so don't fix much, or for long as a better deal will be along next week. Still better than easy access by some margin though.

Also noticed last week that Virgin money are doing a 1 year loan, up to £15000, for 2.79%, and a 1 year fixed bond for 4%, so paying you to borrow!

 

[slowmotion]

Charter savings are offering 4.31% fixed for a year. Rates are rising fast, so don't fix much, or for long as a better deal will be along next week. Still better than easy access by some margin though.

Also noticed last week that Virgin money are doing a 1 year loan, up to £15000, for 2.79%, and a 1 year fixed bond for 4%, so paying you to borrow!

I just opened a Charter account. Way, way easier then Investec.

 

[Tom...]

2.75% instant access now available;

https://www.santander.co.uk/personal/savings-and-investments/savings/esaver

 

[Jenkins]

And why didn't us Santander current account holders get any notification of this?

 

[Bonefish Blues]

And why didn't us Santander current account holders get any notification of this?

Because more interested in new sign-ups, as always, sadly

 

[chris-suffolk]

And why didn't us Santander current account holders get any notification of this?

Just applied for 2 accounts, wife and I. Doubt it will be long before it all gets moved again though, since rates are rising so fast it's hard to keep money in the best accounts.

 

[gbb]

Because more interested in new sign-ups, as always, sadly

I can't remember the provider but a colleague has just found out....as they increase interest rates, existing savers don't get the new rate unless they apply.

 

[chris-suffolk]

I can't remember the provider but a colleague has just found out....as they increase interest rates, existing savers don't get the new rate unless they apply.

Just keep checking moneysavingexpert.com - Martin is pretty good at being bang up to date with rates.

 

[ebikeerwidnes]

Just checked on Santander and existsing account holder can get it

However the access route is hidden in a basement behind a locked door in a filing cabinet labelled "Beware of the Leopard"


They could be more pro-active and tell people about it if they might be interested

Funnily enough I was asked to take a survey today - by a reputable company - and the questions were about whether or not you think your bank does all it can to help people

Huh!!

 

[Jenkins]

That'll teach them for not telling existing customers about it - I've opened an account and consolidated the funds from a couple of instant access savings accounts with other banks which were paying lower rates into it.

It took all of 30 seconds from the time of submitting the application to the account showing in the Santander app. One thing to be aware of is that in 1 year's time it becomes an Everyday Saver account which currently pays a massive 0.2% unless you move the money elsewhere.

 

[vickster]

Some decent rates from Coventry Building Society, eg 4.4% on a one year (ish) bond
https://www.coventrybuildingsociety.co.uk/member/savings/fixed-rates.html
and apparently can have interest paid out monthly

 

[Chislenko]

Some decent rates from Coventry Building Society, eg 4.4% on a one year (ish) bond
https://www.coventrybuildingsociety.co.uk/member/savings/fixed-rates.html
and apparently can have interest paid out monthly

That's appealing, thanks for posting.