Regular Savings Accounts: The Best Currently Available List!

badger09

Ken68 wrote: »

M&S Regular Saver now set up. RENEWABLE in one year.

No guarantee the rate for the new account will remain at 6%, though FD seem to manage it:)

alanq

badger09 wrote: »

No guarantee the rate for the new account will remain at 6%, though FD seem to manage it:)

FD used to manage 8% then it reduced to 6%. There is no reason to assume that there will be no further reduction for later issues of the account.

EarthBoy

alanq wrote: »

FD used to manage 8% then it reduced to 6%. There is no reason to assume that there will be no further reduction for later issues of the account.

They reduced it to 4% for a short while, two or three years ago.

fonesaver

premierfella wrote: »

I for one wasn't surprised by the lack of honesty in the letter (I have the issue 1 account). I don't really expect them to write "we're losing too much money on the account as balances continue to build up at a rate of £x a month). It would have been nice of them not to lie about it though.

It surely wouldn't have been beyond their capabilities to offer to open new issue 3 accounts on request to allow a smooth transition for customers. From reading the letter you'd be forgiven for thinking issue 3 didn't even exist - which is probably intentional as it raises too many difficult questions.

I'll probably virtually empty the issue 1 now and transfer that balance to a P2P account and open an issue 3 in March just to keep membership and voting rights, for what they are worth.

I phoned my Leeds branch this morning and also raised the same points... The guy I spoke to at the Leeds agreed with me! Admitting that the letter was 'poorly written' and that they have had several complaints and he will 'pass on my feedback'. He said I can open a Regular Saver 3 via the internet without an appointment (nearest branch to me is 35 miles away) but I'm not so sure. I will try it.

Steve_xx

fonesaver wrote: »

I phoned my Leeds branch this morning and also raised the same points... The guy I spoke to at the Leeds agreed with me! Admitting that the letter was 'poorly written' and that they have had several complaints and he will 'pass on my feedback'. He said I can open a Regular Saver 3 via the internet without an appointment (nearest branch to me is 35 miles away) but I'm not so sure. I will try it.

You can't open it on the internet, but you can download the forms, print them out, complete them and then post them.

Archi_Bald

Why Bother with Leeds? Have you maxed all the 4 and 6% Regular Savings accounts?

pawlala

M&S Regular savings "department" offering call backs to set up an account, but not until LATE NEXT WEEK!! !!!!!!!!

Steve_xx

pawlala wrote: »

M&S Regular savings "department" offering call backs to set up an account, but not until LATE NEXT WEEK!! !!!!!!!!

Why not call them on 0345 900 0900 ?

someone

Archi_Bald wrote: »

Why Bother with Leeds? Have you maxed all the 4 and 6% Regular Savings accounts?

The benefit of the Leads is that it's ongoing (until they yank it) - I guess its all down to personal circumstances if it's suitable.

pawlala

Steve_xx wrote: »

Why not call them on 0345 900 0900 ?

I did - that was their response!