Regular Saver Thread **New and Restarted**

RacingDriver

glider3560 wrote: »

You need to leave £100 in the eSaver 1.01% for 6 months. You are then eligible to open the 3.5% account by post (and can remove the money from the e-Saver).

Any reason why £100? On their website, they say "Please note that a minimum balance of £10 must be maintained."

Also, once the Regular Saver is open (6 months later), can the eSaver be closed?

glider3560

RacingDriver wrote: »

Any reason why £100? On their website, they say "Please note that a minimum balance of £10 must be maintained."

Also, once the Regular Saver is open (6 months later), can the eSaver be closed?

They previously used the wording "member for six months". £100 was required to be a member. They've changed it now to "customer for six months", so it could be worth checking.

colsten

karlie88 wrote: »

You get the rest...

Yes I do. That's the beginning of the end of that loophole, then. Sigh.

karlie88

colsten wrote: »

Yes I do. That's the beginning of the end of that loophole, then. Sigh.

Got out the wrong side of bed this morning colsten? Pop the kettle on and go and have a cuppa....

EachPenny

RacingDriver wrote: »

Also, once the Regular Saver is open (6 months later), can the eSaver be closed?

The other reason for having an eSaver account was that it allowed you access to Saffron's online account management. The Regular Saver is a passbook account and by itself had no online facility (for checking balances etc).

By opening an eSaver you create online access which meant you could then contact Saffron by phone and ask them to manually add your RS account for read only access as well.

I say was/could/would because as part of a system upgrade a while back Saffron did say that online (read only) access would be enabled for customers with RS accounts only, but their T&C's don't mention this and still state that management is via branch or post.

The same system upgrade also resulted in some existing customers whose RS account had been manually linked to their online access had that manual link deleted and had to contact Saffron again to get the link re-established.

So my advice would be that for the sake of keeping £10 in a 1.01% account it would be prudent to retain the eSaver to ensure your online access facility doesn't get 'lost'. (if ongoing online access is not something you want then obviously this isn't relevant though)

Ratewatcher

I opened the e-saver with £10 but my 6 months aren't completed until February 2019 so I was hoping there was another loophole!

EachPenny

Ratewatcher wrote: »

I opened the e-saver with £10 but my 6 months aren't completed until February 2019 so I was hoping there was another loophole!

There is.... find out where your nearest branch is and treat yourself to a day trip.

Special_Saver2

Hi Everybody,

Here is this weekend's update.

- Ecology BS interest rate increased from 1.5% to 1.75% from 30th October
- Cumberland BS regular savings account entry updated to show it is available for locals only
- Halifax and Bank of Scotland Monthly Saver accounts updated to show the interest rate for new customers has dropped from 2.5% to 2% fixed rate
- Lloyds Bank Monthly Saver updated to show the interest rate for new customers has dropped from 2.5% to 2% fixed rate
- Lloyds Bank Club Lloyds Monthly Saver updated to show the interest rate for new customers has dropped from 3% to 2.5% fixed rate

I will do another update next weekend.

SS2

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For those new to this thread, the first few posts are constantly updated and are on the first page

colsten

karlie88 wrote: »

Got out the wrong side of bed this morning colsten? Pop the kettle on and go and have a cuppa....

You know very well what I am on about.

karlie88

colsten wrote: »

You know very well what I am on about.

Are you referring to your multiple TSB Classic Plus current accounts? Feel free to draw out this conversation...