Regular Savings Accounts: The Best Currently Available List!

Wheres_My_Cashback

colsten wrote: »

What did it say when you checked the T&Cs?

and very ambiguous it is because.....

In each of the next 11 months, you can make savings once a month into your M&S Monthly Saver account.

The maximum monthly balance means £250 in the first month after your M&S Monthly Saver account is opened, increasing by £250 in each subsequent month.

The first standing order payment must be at least one calendar month after account opening

No mention of subsequent months.

You can stop a standing order that has been set up to your M&S Monthly Saver account and set up a new standing order at a later date.

apt

What you say about the Coventry BS regular saver is true, Special Saver2, but they have changed the terms to make the 3.5% rate totally variable. So in the short term we should be happy, but they may slash the rate in future.

mary

As you say good while it lasts. I've got currently £15K+ tucked away. Like any other account, when the rate falls, you simply go elsewhere. So just make the most of it.

Steve_xx

Wheres_My_Cashback wrote: »

and very ambiguous it is because.....

In each of the next 11 months, you can make savings once a month into your M&S Monthly Saver account.

The maximum monthly balance means £250 in the first month after your M&S Monthly Saver account is opened, increasing by £250 in each subsequent month.

The first standing order payment must be at least one calendar month after account opening

No mention of subsequent months.

You can stop a standing order that has been set up to your M&S Monthly Saver account and set up a new standing order at a later date.

To answer your earlier question, you cannot change the date of the standing order.

Wheres_My_Cashback

Steve_xx wrote: »

To answer your earlier question, you cannot change the date of the standing order.

Thanks, but what do you base that on?

Most of my previous RS accounts elsewhere I have been able to if required and after a long conversation with M&S monthly savings Chester, they tell me (after checking) that I can, however I am aware that sometimes CSAs get it wrong.

Steve_xx

Wheres_My_Cashback wrote: »

Thanks, but what do you base that on?

Based on a telephone conversation with an M&S advisor this morning. However, these agents are often wrong so I wouldn't take it as gospel.

gallygirl

So if I phone up today will the SO be dated today? In which case waiting till next week would be better..... but what if they pull it..... so best make it today then find out they can't take my call till next week anyway!

colsten

It can be today or any other date that is convenient to you.

Wheres_My_Cashback

colsten wrote: »

It can be today or any other date that is convenient to you.

I think we know you it can be today or any other day you choose to open the account, but not whether you can change once set up

Steve_xx

gallygirl wrote: »

So if I phone up today will the SO be dated today? In which case waiting till next week would be better..... but what if they pull it..... so best make it today then find out they can't take my call till next week anyway!

No no, if you phone today you can set a date hence to start the payments. But, according to the agent I spoke to, you cannot change it once it has been set.

They set up a Standing Order for you from your M&S current account. I've told them to set mine for early next month. I do wonder if I could log on and change it if I wanted. I was mindful to make the first payment today and then the second payment in early February, but they weren't having that.