Regular Saver Thread **New and Restarted**

glider3560

youngretired wrote: »

I've just received my account number so can set up my SO. Can I set the SO up on a different account to my nominated account?

Reason I'm asking is some banks state that the funds have to come from a nominated account otherwise will be returned, but Coventry doesn't say anything except that the nominated account is for withdrawals.

Yes, the money can come from anywhere.

soulsaver

youngretired wrote: »

I've just received my account number so can set up my SO. Can I set the SO up on a different account to my nominated account?

Reason I'm asking is some banks state that the funds have to come from a nominated account otherwise will be returned, but Coventry doesn't say anything except that the nominated account is for withdrawals.

Yep linked ac is just for withdrawals.

They accepted initial funding from a bank other than my linked and, although it doesn't kick in until November, my SO is from the same.

progressive_uk

Re: Coventry BS new Regular Saver


Speculator stated in Post 2816 that he holds a historic Regular Saver from the Stroud & Swindon days (I opened in 2010). I also am in this position - a very good account with no end date and no max balance as long as you keep funding it each month (up to 250) with a 2.55% interest rate now. I imagine that many savers with this account, like me, have well over £20K in the account.


https://www.coventrybuildingsociety.co.uk/consumer/product/savings/regular_saver/regular-saver.html
The T&Cs state under Additional Information: "This is a limited issue account and you can only have one Regular Saver at a time."

Has anybody with the old RS account successfully opened this new RS account (or been told definitively that you can't)? Speculator seems to imply he has, but I want to know for sure

colsten

soulsaver wrote: »

They accepted initial funding from a bank other than my linked and, although it doesn't kick in until November, my SO is from the same.

Same for me

badger09

Opened my Coventry RS yesterday. Had an account with them many years ago and remember detesting the grid card (even more than the M&S Pass:cool:)

Opened Virgin RS19 today.

Also doing the Club Lloyds hokey cokey.

Bang goes my resolution to simplify and curtail my accounts:o

Speculator

progressive_uk wrote: »

Re: Coventry BS new Regular Saver


Speculator stated in Post 2816 that he holds a historic Regular Saver from the Stroud & Swindon days (I opened in 2010). I also am in this position - a very good account with no end date and no max balance as long as you keep funding it each month (up to 250) with a 2.55% interest rate now. I imagine that many savers with this account, like me, have well over £20K in the account.


https://www.coventrybuildingsociety.co.uk/consumer/product/savings/regular_saver/regular-saver.html
The T&Cs state under Additional Information: "This is a limited issue account and you can only have one Regular Saver at a time."

Has anybody with the old RS account successfully opened this new RS account (or been told definitively that you can't)? Speculator seems to imply he has, but I want to know for sure

My wife and I managed to open the new Regular saver without any problems. We both have the former Stroud and Swindon 2.55% regular saver.

Special_Saver2

Hi Everybody,

I have carried out this weekend's update.


- Al Rayan Everyday Saver account issue 1 (paying 1.6%) replaced with issue 2 (paying 1%) in the feeder account section

- Bucks Regular Saver accounts interest rates updated with information about impending interest rate drop
- First Direct and HBSC Regular Saver accounts updated as now 2.75% for new account holders

- Nottingham BS Seasonal Saver account added to post 3 (2.5% pa variable on up to £250 per month, branch only, no withdrawals until maturity on 30th November 2020)

- Principality BS Learner Earner account updated from issue 1 to issue 2, which does not include "fun and educational children’s activity packs for ages 5 – 11 years old, a moneybox, a story and sticker book, as well as a £10 reward voucher (for two years annually)."
- Virgin Money Regular Saver updated from issue 18 to issue 19

I will do the next update the weekend after next.

SS2

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

badger09

badger09 wrote: »

Opened my Coventry RS yesterday. Had an account with them many years ago and remember detesting the grid card (even more than the M&S Pass:cool:)

Opened Virgin RS19 today.

Also doing the Club Lloyds hokey cokey.

Bang goes my resolution to simplify and curtail my accounts:o

I'm a little puzzled by Coventry. Account opened 11th, online message said account details would be sent by post 'for security reasons'. Today I've received temporary password for online access, which I've changed as instructed. However, I haven't yet received account number, so still can't fund it:(.

youngretired

I opened the regular saver on the 10th October, received account details on the 12th via post and went to register online and was told to enter password (knew I hadn't set one up during application, so rang them and told it would come in post).

To register you had to put in your account number, so how did you register to change password?

If you've been given a 9 digit number then this is your account number and it says to omit the 1st digit. Sort code I was given was 40-63-01.

I received my telephone number yesterday and so changed that and checked my balance and the funds were received OK.

colsten

badger09 wrote: »

I'm a little puzzled by Coventry. Account opened 11th, online message said account details would be sent by post 'for security reasons'. Today I've received temporary password for online access, which I've changed as instructed. However, I haven't yet received account number, so still can't fund it:(.

If you are able to login now, can you not see the account? Best to call them then.