Regular Savings Accounts: The Best Currently Available List!

planteria

"Swansea BS offers £20 to £250/m at 3.00%...which is better, but they are not welcoming to England or Scotland dwellers"

rebecca1 wrote: »

Is that legal ? If it is it should not be!

Rebecca

it is certainly what they do, Rebecca:

"ANNOUNCEMENT
Please note that, as from 16 January 2013, our savings products are only available to existing members or new applicants resident in Wales"

https://www.swansea-bs.co.uk/aspx/default.aspx?sectionid=26

steady__eddie

"Swansea BS offers £20 to £250/m at 3.00%...which is better, but they are not welcoming to England or Scotland dwellers"

A good number of years ago I queried this same practise which was then being operated by The Principality with the then current toothless regulater. The reply which I received said that they were free to exclude any class of persons that wanted to and no form of racial prejudice was being practised.

innovate

rebecca1 wrote: »

Is that legal ? If it is it should not be!

Thank goodness we are living in a country where companies, mutual or otherwise, can freely decide who they wish to do business with.

bigadaj

rebecca1 wrote: »

Swansea BS offers £20 to £250/m at 3.00%...which is better, but they are not welcoming to England or Scotland dwellers




Is that legal ? If it is it should not be!


Rebecca

I agree, now where do I sign up to that oublic sector pension?

alanq

Skipton Christmas Regular Saver 3.5%

Open in branch. Max £250pm.

http://www.skipton.co.uk/savings_and_investments/savings_accounts/christmas_regular_saver/

ajdj

West Brom reg saver both Adult and Child issue 2 now closed (as of Sat 23rd apparently).

Been told by staff there will be an Issue 3 but no idea of rate yet (can probably assume lower!). Will launch in the next week or so.

planteria

patientperson wrote: »

The Tipton & Coseley BS are withdrawing their Regular Saver account with effect 02-01-2014

.......at 0.75% it will be sorely unmissed:wave:

alanq

rebecca1 wrote: »

Swansea BS offers £20 to £250/m at 3.00%...which is better, but they are not welcoming to England or Scotland dwellers
Is that legal ? If it is it should not be!
Rebecca

Discrimination is not always against residents of other UK nations. A couple of years ago Yorkshire Building Society had a branch account which was not available at branches outside of Yorkshire. It got some flack from members who used other branches such as the one in London.

Leeds BS on the other hand had a good branch account that was only available at its London branch. In that case it was to fight off competition from Metro Bank which had just opened a branch nearby.

planteria

innovate wrote: »

Thank goodness we are living in a country where companies, mutual or otherwise, can freely decide who they wish to do business with.

i'm not sure what to make of this. if, say, Yorkshire Building Society made their accounts available to anyone residing in England, but not to Scots or Welshfolk....would there be an objection?

theticketinspector

The Cumberland Building Society current account is only available to people living in the Cumbria area - is this not the same thing? It doesn't keep me awake at night despite being keen to open one if I was only eligible.