Regular Savings Accounts: The Best Currently Available List!

johnmoney05

adindas wrote: »

That is true. I just received today a letter today . They decline my application the letter just highlight the fact that you could only have one through the life of the product exactly like what other people have said

Presumably you applied E-Regular saver online did not you ?
Also did you close your E-Regular saver before opening a new one ?

1. close the e-regular when matured
2. wait untill it disappeared from your online banking
3. apply a new one on line

I hope it works out for you

Special_Saver2

Hi Everybody,

Thanks to the people who have made useful posts above this week, especially the posts with web links or pointing out unusual terms and conditions on the new accounts.

I have updated the first page with the 4 new regular saver accounts:

- Cheshire and Debryshire BS 5% accounts added to post 3 (mature after more than 12 months)
- Dunfermline BS 5% account added to post 4 (matures in 12 months)
- Bank of Scotland 3.25% account added to post 5 (requires a Bank of Scotland current account)

I quite like the terms and conditions on that Bank of Scotland account. With unlimited penalty-free withdrawals, it looks like a good account if you happen to have a Bank of Scotland current account. I have just checked and Halifax have not launched a similar account.

I will do another update next weekend.

SS2

Milarky

Check out the permitted balance information....

http://www.monbs.com/flexible-saver1020/

If you're looking to save on a regular basis for a special occasion or purchase, then our FLEXIBLE SAVER account can help. Any number of Flexible Saver accounts may be opened up to a maximum investment amount of £12,000 per year across all Flexible Saver accounts combined per customer. After the initial minimum investment of £20, you can save as little or as much as you want up to the maximum, giving you greater control over your money.


The conditional bonus payment of 2.00% AER/Gross will be added to the individual Flexible Saver account on the first anniversary of the date of the account being opened (i.e. 12 months from account opening), provided the account remains open.

the bonus payment will be paid annually and included with the interest payment following the close of business on 31 March

Summary Box
Account Name • Flexible Saver
Interest rates (AERs) • The interest rate is variable
Tax Status • Interest will be paid or credited after deduction of income tax at the appropriate rate, or gross subject to the required certification
Conditions for bonus payment
• A fixed bonus of 2.00% will be paid on the first anniversary of the account opening, provided the account remains open
• The bonus is only available during the first year of your account

Withdrawal arrangements • Up to 4 withdrawals are allowed each year (ending March 31)
• More than four withdrawals will result in closure of the account
• Withdrawals can be made without notice or loss of interest
Access • You can manage your account in branch, by post or online (if registered with our ‘My Accounts’ service)

Apply Online

ctdctd

Milarky wrote: »

Check out the permitted balance information....

http://www.monbs.com/flexible-saver1020/

Interesting - could just be badly worded?

from http://www.monbs.com/flexible-saver-terms-and-conditions/
it seems to suggest a £1000 per month limit per account but only for direct debit - others seem unlimited up to the 12K

2 - Further Investment
You may add to your savings at any time, just call into your local branch or agency office with your passbook and deposit. If it is more convenient you can post it or save through a standing order from your bank account. Credits into the Flexible Saver accounts held can be made monthly to each individual Flexible Saver account(s) held by direct debit up to £1,000 per month (minimum £20 per month) and / or deposit monies at any time subject to a maximum investment of £12,000 per year (ending 31 March) applicable across all Flexible Saver accounts held per customer.

johnmoney05

Milarky wrote: »

Check out the permitted balance information....

http://www.monbs.com/flexible-saver1020/

There is a problem here. Should we close this account after one year or on 31 March 2013? The bonus of 2% only run for one year!

adindas

Has anyone successfully applied for this product by downloading their general Saving Application Form and send it to their head quarter ?

Thank you in advance for your info ..

Special_Saver2 wrote: »

Hi Everybody,
- Cheshire BS 5% accounts added to post 3 (mature after more than 12 months)
- Debryshire BS 5% accounts added to post 3 (mature after more than 12 months)
- Dunfermline BS 5% account added to post 4 (matures in 12 months)
SS2

Speculator

Or you can reduce the balance on the anniversary to £1 (or £20 to be safe) and close it on the 1st of April 2013.

johnmoney05 wrote: »

There is a problem here. Should we close this account after one year or on 31 March 2013? The bonus of 2% only run for one year!

johnmoney05

Speculator wrote: »

Or you can reduce the balance on the anniversary to £1 (or £20 to be safe) and close it on the 1st of April 2013.

Probably the saver way.

dach

Monmouthshire BS 4%
Is it a regular saver as you don't have to save at regular intervals?
it appears you can open with 12k which actually makes it a flexible bond as you can withdraw all but £20 without notice or am I reading it wrong?

johnmoney05

dach wrote: »

Monmouthshire BS 4%
Is it a regular saver as you don't have to save at regular intervals?
it appears you can open with 12k which actually makes it a flexible bond as you can withdraw all but £20 without notice or am I reading it wrong?

I think you are right!

Any number of Flexible Saver accounts may be opened up to a maximum investment amount of £12,000 per year across all Flexible Saver accounts combined per customer. After the initial minimum investment of £20, you can save as little or as much as you want up to the maximum, giving you greater control over your money.