Santander relaunches 5% saver, but you’ll need a 123 account to get it

Money, investing, mutuals etc

Santander relaunches 5% saver, but you’ll need a 123 account to get it

Postby expressman33 » Fri Apr 07, 2017 2:52 pm


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Re: Santander relaunches 5% saver, but you’ll need a 123 account to get it

Postby expressman33 » Mon Mar 19, 2018 5:40 pm

email just received

"Dear Mr xxxxxx

Renewing your Regular eSaver just got easier

Many of our customers have told us they’d like to continue saving in a Regular eSaver after 12 months, without having to open another one.

So from 1st June 2018, if you pay into your Regular eSaver using a standing order from a Santander current account, we’ll automatically renew your account to a new Regular eSaver when it matures. We'll contact you around 14 days before your account is due to mature to give you the new Key Facts Document and to confirm what the new interest rate will be.

We’ll also transfer the final balance (including interest earned) to your Santander current account from which the standing order was paid, including if your current account is in joint names.

What’s more, your Regular eSaver account number won’t change so your existing standing order can carry on. If you had originally set-up your standing order for 12 months only, you can change this via Online Banking by clicking the ‘Standing Orders’ tab and selecting ‘Amend’.

If you don’t have a standing order in place when your Regular eSaver matures or if your account matures before 1st June, it will change to an Everyday Saver account, in line with the original terms of the account. Your final balance, including interest earned, will then remain in the Everyday Saver.

What you need to do

If you’re happy with this change you don’t need to do anything. However, if you prefer, you can close your Regular eSaver without additional charge within 60 days of the date of this email.

If we don’t hear from you within 60 days, we’ll assume you’ve accepted the change. After this, your account will automatically renew to a new Regular eSaver when it matures if you had a standing order set up from a Santander current account at maturity.

Here to help

For more information on the range of other savings accounts to help you save for the future, please visit santander.co.uk.

Thank you for choosing to save with Santander.

Kind regards

Matt Hall
Director of Banking "

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