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Regular Savings Accounts: The Best Currently Available List!
Comments
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Hi Folks,
Here is this weekend's update.
Actually, there is nothing further to update. I have checked through everything and I cannot see anything that needs to be changed.
I have had a look at the new Citibank Flexible Saver paying 3.10% gross AER. I have not added it to the feeder account section of this thread as, according to the applications procedure, it uses a single linked account so it would not make a great feeder account.I guess the quickest way would be to ring them to ask the question.
I currently have the Gold Saver and would qualify for the Family Regular Saver. Does anyone know therefore if you can hold both concurrently?
Sorry, I don't know the answer to this but if you find out then let me know and I will add a note to the entries on these accounts. I don't see why you could not apply for the Family Regular Saver - I cannot see anything on their website to suggest there would be a problem with having both accounts. It is a shame that you can only ever open one Norwich & Peterborough Gold Regular Savings account which will only last 12 months.
All the best,
SS20 -
I've just phoned the Coventry branch - the West Bromwich 6% Birthday Bonus Regular Saver account was withdrawn on July 22nd.
Do Money Saving sites make you buy more bargains - and spend more money?0 -
Have just enquired, you can have both their Gold Savings and Family Saver, and was told that now you do not need to send in proof of having a child. Maybe that is the opinion of just one customer service agent.
"We take it upon trust" she said!! It could be that she said that because
I already have the Gold account with them and had previously had the Family Regular Saver!0 -
Thanks, I have updated the information on the first page of this thread based on both of the above posts.0
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Hi Everybody,
Here is this weekend's update...
...and there is nothing extra to update. I have checked through everything and there are no new accounts to add or any accounts to delete.
I will mention that we now know that you can only ever open one N&P Family Regular Saver account (which it does not say on their website) - I have put the details in post 4.
I shall update the thread early next week after the details of the new NatWest / RBS 5% regular saver account are put on their websites.
Have a good weekend,
SS20 -
RBS Regular Saver
Interest rate: 5% gross p.a. fixed at the time of opening
Monthly payment: £25-250
Miss any payments: No
Penalty-free withdrawals: No. In the event of a withdrawal or breach of T&Cs, the account will be closed and converted to an Instant Saver account and a nominal interest rate applied.
Maturity: 12 months from the day of account opening
How to open: in branch, on the phone or online
Special conditions: On maturity, the account converts to an Instant Saver account. Payments must reach the account by the last working day of the calendar month.
I can't see anything in the T&Cs that would prevent a 13th payment during the last month.Dagobert0 -
25-500 ?RBS Regular Saver
Interest rate: 5% gross p.a. fixed at the time of opening
Monthly payment: £25-500
really?
because if so, it just became a bit more interesting
I thought all the previous information about this said it was 250/month max
which, combined with needing to open a current also, meant I wasn't going to bother0 -
I opened a Halifax Regular Saver account last year which matured 2 weeks ago. Is it possible to use my existing Regular Saver account for the 2009-10 5% rate? Or will I have to close my current RS account & open a new one?Yep, 5% from 17th July. Now on their web site.
http://www.halifax.co.uk/savings/regularsaver.asp0 -
25-500 ?
really?
because if so, it just became a bit more interesting
I thought all the previous information about this said it was 250/month max
which, combined with needing to open a current also, meant I wasn't going to bother
It is £250 max
Anything that I do say, is strictly my opinion
0 -
I opened a Halifax Regular Saver account last year which matured 2 weeks ago. Is it possible to use my existing Regular Saver account for the 2009-10 5% rate? Or will I have to close my current RS account & open a new one?
It looks like the T&C's say you will get whatever the interest rate was on your anniversary date so if this was before 17th July it will be 4%. I would play safe and open a new RS account to get the 5% rate.
http://www.halifax.co.uk/HelpCentre/pdf/1_336203-7.pdf
"Interest rates are fixed for 12 month periods
on the day we receive your opening deposit,
and on each anniversary of that date if you
continue to make standing order payments
to your account."Do Money Saving sites make you buy more bargains - and spend more money?0
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