Regular Saver Thread **New and Restarted**

colsten

flergalwit wrote: »

So as far as I can tell, you can't apply online (unless I'm an exception for some reason), only by post or in branch.

You appear to be an exception as I know of plenty of people, including myself, who have opened Coventry accounts entirely online. Being asked for proof of ID is a bit of a PITA but it happens (not just at Coventry) when they cannot confirm your ID online. Online checks are made against the Electoral Register and against Credit Reference Agency files.

MarkFromCornwall

flergalwit wrote: »

Any other suggestions? Thanks!

The list of people who can certify documents varies from one bank to another. Once when I needed a document certified I got an optician to do it in return for a donation in their charity box. The Coventry's list includes dentists and teachers and I reckon these might be a better bet than bank or post office people!
https://www.coventrybuildingsociety.co.uk/consumer/help/identification.html

dcs34

Hi all,

Any insight on when Principality BS will withdraw/close their Christmas 2020 Regular Saver Bond to new holders? And am I right in thinking this account is not restricted to operating area postcodes, unlike their other accounts?

Ideally I want to wait to Jan if possible to open as my RS are getting too clumped around November and December - but from the name will it still be available in the new year? Plus it's just been added to the MSE weekly email so they're probably already had quite a few applications today and this week!

jen49

dcs34 wrote: »

Hi all,

Any insight on when Principality BS will withdraw/close their Christmas 2020 Regular Saver Bond to new holders? And am I right in thinking this account is not restricted to operating area postcodes, unlike their other accounts?

Ideally I want to wait to Jan if possible to open as my RS are getting too clumped around November and December - but from the name will it still be available in the new year? Plus it's just been added to the MSE weekly email so they're probably already had quite a few applications today and this week!

Hi DCS I've just opened this account o it doesn't seem to be post code restricted also it said 30 days from opening to put first funds in so that would be January before any funds are needed HTH

RedRuby_2

Frogletina wrote: »

I'm late in seeing this about Nationwide - mine has just matured and I wondered why I couldn't see another one!

Thanks

The same thing happened to me.
My savings account matured and I wanted to open another one and couldn't find it.

adindas

Saver53 wrote: »

The header entry for the Earl Shilton Regular Saver is incorrect in claiming that you can miss payments without penalty. The ESBS webpage for the account makes clear that 12 monthly payments must be made each year and that each payment must be between £10 and £500. If this is not done, the account will be closed at the cost of a penalty of £10. Additionally the account leaflet (link from the webpage) confirms that only one payment can be made each month.

I do not know other people experience but I tried to open ESBS and they asked me to send "CERTIFIED COPIES" for ID and proof of address. I sent them the certified copies form a professional which are recognised by many financial institutions and HM passport office. It was returned to me and they said it has got to be solicitors or bank officials.

So if you wanted to apply you need to take this one into consideration to avoid wasting your time.

MarkFromCornwall wrote: »

The list of people who can certify documents varies from one bank to another. Once when I needed a document certified I got an optician to do it in return for a donation in their charity box. The Coventry's list includes dentists and teachers and I reckon these might be a better bet than bank or post office people!
https://www.coventrybuildingsociety.co.uk/consumer/help/identification.html

I am not the current customers of Coventry BS but I managed to open my account via online and no further checked is done.

But what I could saya here is that at least the decision makers in Coventry is still more sensible in providing certification of documents from a wide range of professionals. Compared to Earl Shilton BS and Scottish BS who demand the certification to be done by Solicitors or bank officials. How many people sensible wanted to do that considering the cost of doing that and the additional interest rate that you will get ?? Are we still living in the stone age ???

Steve_xx

These account opening ID requirements can be a real problem. I think it can be helpful to email the institution before you apply. I recently applied for a Regular Saver account with Loughborough Building Society and found it a bit onerous having to jump through the ID hoops. However, my friend is a local Magistrate and so I asked Loughborough if it would be acceptable for him to verify and they agreed that it would be, and, it was! Though I don't believe that magistrates appear on their list of desirables.

It may help some.

soulsaver

adindas wrote: »

I do not know other people experience but I tried to open ESBS and they asked me to send "CERTIFIED COPIES" for ID and proof of address. I sent them the certified copies form a professional which are recognised by many financial institutions and HM passport office. It was returned to me and they said it has got to be solicitors or bank officials.

So if you wanted to apply you need to take this one into consideration to avoid wasting your time.



I am not the current customers of Coventry BS but I managed to open my account via online and no further checked is done.

But what I could saya here is that at least the decision makers in Coventry is still more sensible in providing certification of documents from a wide range of professionals. Compared to Earl Shilton BS and Scottish BS who demand the certification to be done by Solicitors or bank officials. How many people sensible wanted to do that considering the cost of doing that and the additional interest rate that you will get ?? Are we still living in the stone age ???

If you wish to save wasting time, I would say adhere to organisations' guidelines.

PS You're watching too many meerkat ads...;)

adindas

soulsaver wrote: »

If you wish to save wasting time, I would say adhere to organisations' guidelines.

PS You're watching too many meerkat ads...;)

And how did you come to that conclusions. Do you know better than myself ???

polymaff

adindas wrote: »

And how did you come to that conclusions.

Now, that's meerkat grammar...:)