Regular Savings Accounts: The Best Currently Available List!

MRMX9

badger09 wrote: »

:eek:

I'm fairly sure the 'non members' one was only launched 29th September. I posted my application and cheque 1st class on 30th.

I will report back.

You do wonder what they were thinking of launching such a high paying account with a large maximum monthly instalment open to all comers! It would have made more sense to restrict it to members/locals only?

They only have a couple of small branches and a skeleton staff – you may have to wait some time to hear back!

badger09

MRMX9 wrote: »

You do wonder what they were thinking of launching such a high paying account with a large maximum monthly instalment open to all comers! It would have made more sense to restrict it to members/locals only?

Yes indeed. I did wonder why it was open to everyone, and not restricted in some way as many are. Not surprised they were inundated.

MRMX9 wrote: »

They only have a couple of small branches and a skeleton staff – you may have to wait some time to hear back!

I don't mind waiting. Unfortunately though I'll have to leave the initial deposit sitting in a no interest account until they decide. Serves me right for declining cheque books on all the other accounts

ctdctd

Chorley Sunshine Saver.

Posted my application on the 30th.
Call from them on the 1st to confirm account is open.
Passbook and bumf arrived in the post on the 2nd :T

10/10 for service

badger09

ctdctd wrote: »

Chorley Sunshine Saver.

Posted my application on the 30th.
Call from them on the 1st to confirm account is open.
Passbook and bumf arrived in the post on the 2nd :T

10/10 for service

Are you an existing member?

I posted mine on the same day - not heard anything yet

ctdctd

badger09 wrote: »

Are you an existing member?

I posted mine on the same day - not heard anything yet

Nope - I may have got lucky with the pile of applications they no doubt received.

moi

badger09 wrote: »

:eek:

I'm fairly sure the 'non members' one was only launched 29th September. I posted my application and cheque 1st class on 30th.

I will report back.

Same here.
I'm not an existing member either.

Steve_xx

The problem here is that the Chorley hadn't figured on this account being featured on this site.

MRMX9

Steve_xx wrote: »

The problem here is that the Chorley hadn't figured on this account being featured on this site.

Its still advertised here as being available.

http://www.moneysavingexpert.com/savings/best-regular-savings-accounts

It is also a variable rate - not a fixed one - so Chorley could cut the rate anytime over the 18 months if they wished to. So that 5/4.5% headline rate may not last until March 2016.

Ed-1

MRMX9 wrote: »

Its still advertised here as being available.

http://www.moneysavingexpert.com/savings/best-regular-savings-accounts

It is also a variable rate - not a fixed one - so Chorley could cut the rate anytime over the 18 months if they wished to. So that 5/4.5% headline rate may not last until March 2016.

Received my passbook today (I'm not a member and sent the application Tuesday 30th 1st class). It's a shame in a way that I couldn't have got it open on 30th September as then I could've made another payment on 1st October and £1500 would have been earning 4.5% (variable) for 18 months, rather than £750.

I've noted that condition 13.11 in the Savings Accounts Terms and Conditions booklet says that where the Chorley do reduce the interest rate they will give you 30 days to close or transfer the account penalty free.

Speculator

I've held numerous regular savings accounts with the Chorley over the last 14 years and I think the rates have always been variable, not fixed.

I think over the last 14 years, they have only on one occasion reduced the rate of a regular saver account and I remember reducing the monthly contribution to the minimum allowed.