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New Derbyshire 12 month Regular Saver

Variable rate of 5.50%

Too little, too late.
«13

Comments

  • Speculator
    Speculator Posts: 2,450 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    To be launched on 8th Sept.

    Save between £10-£1000 per month.


    You cannot make any withdrawals during the 12 months term!
    Initial payment by cheque, transfer from another Derbyshire a/c or cash.
    Further payments by Standing Order only.
    if you miss a monthly payment, they will close your account and your investment will be returned WITHOUT INTEREST!!
    At end of 12 month, you will have unlimited access to your money and it will change to a variable rate of 3.00%!

    I think the Yorkshire Regular wins hands down on all counts!
  • oldfella
    oldfella Posts: 1,534 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    remarkably unattractive !

    Mike
  • Innys
    Innys Posts: 1,881 Forumite
    In the DBS's defence, you can invest up to £1000 a month with their account - the YBS is restricted to £500.

    So, go for the YBS first and if you have more than £500 available each month, dump the balnce in the DBS one.
  • Speculator
    Speculator Posts: 2,450 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    or pay the remainder into one of the following regular savings a/cs.

    Ipswich 8.25% Variable. Max £250pm
    Abbey Fixed 7.00% Max £250pm
    Halifax Fixed 7.00% Max £250pm
    Scarborough variable 6.00% Max £250pm
    Principality Fixed 6.00% Max £500pm
    Leek Utd Fixed 6.00% Max £250pm
  • Speculator wrote:
    or pay the remainder into one of the following regular savings a/cs.

    Ipswich 8.25% Variable. Max £250pm
    Abbey Fixed 7.00% Max £250pm
    Halifax Fixed 7.00% Max £250pm
    Scarborough variable 6.00% Max £250pm
    Principality Fixed 6.00% Max £1000pm
    Leek Utd Fixed 6.00% Max £250pm

    Or even up to £1000 per month into the Stroud and Swindon regular saver paying 7%. However you do need to get to a branch of theirs to open the account.
  • oldfella
    oldfella Posts: 1,534 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    or if you use their current accounts - Lloyds, Barclays, A&L
  • anniecave
    anniecave Posts: 2,488 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Speculator wrote:
    or pay the remainder into one of the following regular savings a/cs.

    Ipswich 8.25% Variable. Max £250pm
    Abbey Fixed 7.00% Max £250pm
    Halifax Fixed 7.00% Max £250pm
    Scarborough variable 6.00% Max £250pm
    Principality Fixed 6.00% Max £1000pm
    Leek Utd Fixed 6.00% Max £250pm

    You live in a the right area of the country for this - I can't get Leek or Principality or Ipswich.........

    How about opening an alliance & leicester current account then transfer money in each month then out to the A&L regular saver and one or two other regular savers....
    Indecision is the key to flexibility :)
  • exel1966
    exel1966 Posts: 5,114 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    anniecave wrote:
    You live in a the right area of the country for this - I can't get Leek or Principality or Ipswich.........

    How about opening an alliance & leicester current account then transfer money in each month then out to the A&L regular saver and one or two other regular savers....

    Ipswich Regular Saver is open to ALL, regardless of postal address. I opened mine last month via their head office and I live about 200 miles away from Ipswich. The restriction was dropped a few months ago.
  • Speculator
    Speculator Posts: 2,450 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Same goes for Principality, Leek and Scarborough. Open to all.
  • rakesh_2
    rakesh_2 Posts: 137 Forumite
    Hiya

    This may be a good offer tho...how much interest can you earn [after tax] on the derbyshire account if you put in £1000 a month compared to other regular saver accounts such as the A+L or Halifax.....?? Has anyone worked out the figures yet??
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