Savings interest rate thread

Savings interest rate thread

Author
Discussion

a311

Original Poster:

6,056 posts

185 months

Tuesday 11th October 2022
quotequote all
Santander have launched an instant access E-Saver with 2.75% interest, paid monthly or annually if anyone is interested.

I had some savings in Chase and was going to move to Charter bank who were offering 2.38% but ID had to be copied and counter signed and sent in the mail which is too much like hard work these days.

Already a customer so took <1 min to apply and have the account ready to pay in.

anonymous-user

62 months

Tuesday 11th October 2022
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Ignore me, you can deposit up to £250K.

I am getting one right now

Patch1875

4,935 posts

140 months

Tuesday 11th October 2022
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I opened one earlier as well all very simple.


fat80b

2,470 posts

229 months

Tuesday 11th October 2022
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opened a similar product with first direct the other day - 3.5% and £300 pm max

hairy v

1,300 posts

152 months

Tuesday 11th October 2022
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Thanks - I'm an exisiting customer too, wish they would just apply the rate to my savings account!

a311

Original Poster:

6,056 posts

185 months

Tuesday 11th October 2022
quotequote all
fat80b said:
opened a similar product with first direct the other day - 3.5% and £300 pm max
They are offering a regular e-saver with the same 2.75% too (not to be confused with this one) which is 2.75% from £1 to 250k.

anonymous-user

62 months

Tuesday 11th October 2022
quotequote all
a311 said:
They are offering a regular e-saver with the same 2.75% too (not to be confused with this one) which is 2.75% from £1 to 250k.
yes

I am with Santander too, that was incredibly easy, took about 30 seconds and it is already showing on the banking app.

Time to empty my Marcus now.


a311

Original Poster:

6,056 posts

185 months

Tuesday 11th October 2022
quotequote all
hairy v said:
Thanks - I'm an exisiting customer too, wish they would just apply the rate to my savings account!
Same here. My grandad opened an account for me when it was Abbey National when I was born some 40 years ago, I've kept it for sentimental reasons smile. The interest has been laughable for years on their savings range.

Hopefully rates continue to creep up for savers and the banks compete to offer the best rate.

madbadger

11,618 posts

252 months

Tuesday 11th October 2022
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I just tried to apply for an E saver and was told I already have a monthly saver account. (Which was getting about 0.5%). Will check tomorrow if they have upped the rate on that.

Looks the same deal. Regular up to £200 a
month.

anonymous-user

62 months

Tuesday 11th October 2022
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It's not a regular monthly savings account, you can deposit up to £250K

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

I suspect Marcus are seeing millions of pounds leaving their accounts this afternoon.

madbadger

11,618 posts

252 months

Tuesday 11th October 2022
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Ok. I will look properly. smile

On the banking app it seemed like it was the monthly saver. I’ll have a look on the website.

RSbandit

2,788 posts

140 months

Tuesday 11th October 2022
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Still getting a pitiful 45bps on my saving account at NatWest…piss take that they haven’t passed on the rate increases to savers…this Santander looks ok although Theres a fixed rate savings account with Investec that is offering 4.15%
Need to move some cash there !

https://savings.investec.com/fixed-rate-saver


Carbon Sasquatch

4,930 posts

72 months

Tuesday 11th October 2022
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RSbandit said:
Still getting a pitiful 45bps on my saving account at NatWest…piss take that they haven’t passed on the rate increases to savers…this Santander looks ok although Theres a fixed rate savings account with Investec that is offering 4.15%
Need to move some cash there !

https://savings.investec.com/fixed-rate-saver
That's a fixed 12 months account

I've just put some into it, it was 3.4% in September, last time I put some away.....

dalenorth

874 posts

175 months

Tuesday 11th October 2022
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That’s a good rate that is. What are they offering on corporate funds?

valiant

11,394 posts

168 months

Tuesday 11th October 2022
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Cheers for the heads up.

I’m bloody with Santander as well and knew nothing about it!

Marcus’ loss I’m afraid (well, until the 12 months ends anyway)

p_k_n

192 posts

99 months

Tuesday 11th October 2022
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Got this account set up and went to transfer my savings from Chase - the withdrawal was blocked and I received a text message asking me to call them urgently due to suspicious activity. Been on hold for over 1.5 hours so far banghead

chuck_ster

545 posts

249 months

Tuesday 11th October 2022
quotequote all
a311 said:
Santander have launched an instant access E-Saver with 2.75% interest, paid monthly or annually if anyone is interested.

I had some savings in Chase and was going to move to Charter bank who were offering 2.38% but ID had to be copied and counter signed and sent in the mail which is too much like hard work these days.

Already a customer so took <1 min to apply and have the account ready to pay in.
Thanks for the heads up, account set up and running within 5 mins smile

gangzoom

6,802 posts

223 months

Tuesday 11th October 2022
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Thanks for the heads up, 18months ISAs at 4% coming too smile.

Thin White Duke

2,361 posts

168 months

Tuesday 11th October 2022
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Lloyds need to up their game.

I've just checked and my Monthly saver is paying 1.25%, yet you can open one now paying 2.5% but they won't let me "renew" my existing account to the new rate.

And all of this flitting from one account to the next is doing my head in.

Hippea

2,176 posts

77 months

Tuesday 11th October 2022
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Thanks, just signed up for this