Regular Savings Accounts: The Best Currently Available List!

planteria

alanq wrote: »

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.

interesting stuff.

is it the case that 'positive discrimination' is considered ok, whereas 'exclusion of minorities' is not?

planteria

theticketinspector wrote: »

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.

i would like to join The Cumberland too, tti. again, it's restricting membership 'to' an area, rather than excluding one.

innovate

planteria wrote: »

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?

There might well be "objections" but these would be of no consequence. YBS, like any other company in the UK (or the western world) are free to construct their offerings as they please. Plenty of UK building societies only 'sell' to their post code capture area, or only to existing customers etc etc etc. Nothing new, nothing to wonder about.

aleph_0

planteria wrote: »

interesting stuff.

is it the case that 'positive discrimination' is considered ok, whereas 'exclusion of minorities' is not?

It's more the case that "living in certain postcode areas" rightly isn't a protected characteristic.

Dagobert

This is an ongoing regular saver for as long as the issue is open.

Chorley BS Regular Saver Issue 1

Interest rate: 2.0% gross p.a. variable from 26th Oct 2011
Monthly payment: £0-£500
Miss any payments: Yes
Penalty-free withdrawals: 2 per calendar year. After more than withdrawals the account will be closed.
Age of applicant: ??
How to open account: Branch or postal; Download an application form.
Special conditions: maximum investment and account balance in this issue: £85,000 per investor

Dagobert

Chorley BS will launch a new Santa Saver on 1st December.

Interest rate: 2.0% gross p.a.
Monthly payment: up to £750

matures on 30th Nov 2014

Archi_Bald

Dagobert wrote: »

Chorley BS will launch a new Santa Saver on 1st December.

Interest rate: 2.0% gross p.a.
Monthly payment: up to £750

matures on 30th Nov 2014

Awful deal when there are plenty of current accounts that pay 3, 4 and 5% AER. Granted, their interest rate is variable, there are some minimum monthly deposits to meet, and you could need more than one if you wanted to deposits 12 x £750.

Alternative could be £250 each into BOS, Lloyds and TSB monthly saver @ 3% AER fixed.

Anagran

"Alternative could be £250 each into BOS, Lloyds and TSB monthly saver @ 3% AER fixed"

Not any more I'm afraid, looks like BOS have dropped their rate to 2%, not sure about the others.

Dagobert

Archi_Bald wrote: »

Awful deal when there are plenty of current accounts that pay 3, 4 and 5% AER. [...]
Alternative could be £250 each into BOS, Lloyds and TSB monthly saver @ 3% AER fixed.

Some people might have filled those high percenters up already.

patientperson

Clockwork Reg Saver + Regular e.saver.

From 01/01/2014 the monthly deposit limit is raised to £500 pm.