Multiple Regular Savers

Mannanan

So I have sole accounts with all the usual suspects and wherever possible, I have maxed out on the regular savers. Most seem to be pretty strict with the ' only one account allowed' rule. Anyone had success with opening more than one regular saver. Getting desperate as I am now opening Virgin 2.25%, BOS 2.00% and Halifax 2.00% as that's the best left available to me.
Thanks.

colsten

All the systems work quite well and enforce the limits. Only kind of exception I know of is the Lloyds Club Monthly Saver and the normal Lloyds Monthly Saver, which you can both hold in parallel.

If you haven't done so yet, you need to branch out to Building Societies.

YorkshireBoy

Leeds issue 4 (2.3%) is available to those with issue 3.

Westie983

Mannanan wrote: »

So I have sole accounts with all the usual suspects and wherever possible, I have maxed out on the regular savers. Most seem to be pretty strict with the ' only one account allowed' rule. Anyone had success with opening more than one regular saver. Getting desperate as I am now opening Virgin 2.25%, BOS 2.00% and Halifax 2.00% as that's the best left available to me.
Thanks.

Saffron is still at 3.50% at the current time, so another one which is higher then the ones above you have already opened, open in branch if you are local, or via the post, you can miss and withdraw without penalty, which maybe a bonus if you need the funds further down the line, as some other regular savers don't allow withdrawals,

Saffron Regular Saver

Westie983

MarkFromCornwall

Principality regular saver issue 17 (2%) is open to those who already hold issue 16.

Kim_13

Westie983 wrote: »

Saffron is still at 3.50% at the current time, so another one which is higher then the ones above you have already opened, open in branch if you are local, or via the post, you can miss and withdraw without penalty, which maybe a bonus if you need the funds further down the line, as some other regular savers don't allow withdrawals,

Saffron Regular Saver

Westie983

Unfortunately the via post option is only available to existing members at this time, so like me the poster may not be able to open this account.

Mannanan

Thanks for all the info. Will need to consider the Societies more but they do seem to make it a little more difficult if you don't live close by. The 2% Lloyds Monthly Saver was one I had missed as I thought my Club Lloyds Saver precluded me from that one. Now sorted, so thanks Colsten.

Kernel_Sanders

Mannanan wrote: »

The 2% Lloyds Monthly Saver was one I had missed as I thought my Club Lloyds Saver precluded me from that one. Now sorted, so thanks Colsten.

Me too.

Does anyone know if the initial Halifax Reg Svr funding can be made by external FP? The T&Cs state
'Make sure we get your first standing order payment within 28 days of account opening. After that any standing order must reach your account by 25th of the month, otherwise it won’t count as that month’s payment.'

I can't see anywhere that it says every addition has to be by SO but I'm going by the PDF which doesn't seem very comprehensive. Link here http://www.halifax.co.uk/helpcentre/legal-information/product-terms-and-conditions/

Mannanan

Kernel, I opened one on the 24th October with a transfer of £250 from my BOS current account and that was accepted. I also set up the the first SO payment for the same amount to start 1st November so I shall be watching to see if it goes smoothly tomorrow.

Mannanan

Also forgot to say thanks to Markfromcornwall for putting me on to Principality BS. I didn't have any previous accounts but first time opening online for issue 17 was very simple and painless. Opened within minutes, no need for phone calls and activation account code arrived within 48 hours. It may only be 2% but allowing up to £500 pcm deposit helps a bit. So far, very impressed with the efficiency of Principality BS.