Regular Savings Accounts: The Best Currently Available List!

ctdctd

karlie88 wrote: »

The Nottingham Building Society will be decreasing their Regular Saver interest rate from 3.1% to 2% from 18th July.

https://www.thenottingham.com/savings/useful-tools/rate-checker/

Select the 2nd Regular Saver from the drop-down menu to see the upcoming change.

The 2nd RS on the list seems to be a different account as it has an upper balance of £4K.
The current RS is open ended.
Is it maybe a new issue of their occasional fixed term RS's?

Oh, and it also shows the old 20% tax off net APR's so it's either a work in progress or an error?

veryintrigued

ctdctd wrote: »

The 2nd RS on the list seems to be a different account as it has an upper balance of £4K.
The current RS is open ended.
Is it maybe a new issue of their occasional fixed term RS's?

Oh, and it also shows the old 20% tax off net APR's so it's either a work in progress or an error?

Interesting.

Their T&Cs on this 3.1% account which states we'll receive 14 days advance warning by post. I wonder if I am the only account holder who has received nothing yet.

Like lots of others I (think) I hold every edition (four) of currently running Regular Saver N.B.S accounts and so am puzzled by this entry on their internet.

I'd be interested if the O.P, just happened upon this internet entry or was told this by a member of NBS staff.

Also this Reg Saver appears to have had a limit of 750k from 1/4/09 and 250k from 1/3/09 according to the other R.S drop down. Is it that they are also lowering the limit (for a decent rate) to 4k (rather than a typo)?

karlie88

veryintrigued wrote: »

I'd be interested if the O.P, just happened upon this internet entry or was told this by a member of NBS staff.

Was just doing my monthly browse of building societies' websites. Unfortunately, no branch gossip.

Who knows, perhaps it will be the rate for accounts opened from next week and existing holders get a letter in due course with a new effective rate?

As always, time will tell.

veryintrigued

karlie88 wrote: »

Was just doing my monthly browse of building societies' websites. Unfortunately, no branch gossip.

Who knows, perhaps it will be the rate for accounts opened from next week and existing holders get a letter in due course with a new effective rate?

As always, time will tell.

I think you've stumbled onto something here - i.e. reduced rate and lower balance allowed on that reduced rate.

Fingers crossed you're wrong but appreciate the heads-up ready to do some shuffling.

teddysmum

veryintrigued wrote: »

I think you've stumbled onto something here - i.e. reduced rate and lower balance allowed on that reduced rate.

Fingers crossed you're wrong but appreciate the heads-up ready to do some shuffling.

Don't some regular saver accounts drop you to a really poor rate if you close within 12 months ?

veryintrigued

teddysmum wrote: »

Don't some regular saver accounts drop you to a really poor rate if you close within 12 months ?

This specific account allows two withdrawals per year to still gain the bonus.

As the O.P suggests - lets wait and see on this specific account.

zolablue25

My wife has just tried to open an account with the Cambridge over the phone and they said that they can't do it over the phone as "it takes too long". Oh well, I guess they have enough customers now.

karlie88

zolablue25 wrote: »

My wife has just tried to open an account with the Cambridge over the phone and they said that they can't do it over the phone as "it takes too long". Oh well, I guess they have enough customers now.

Was she speaking to a chap with a Spanish/Portuguese accent?

zolablue25

She didn't say. All I know is that it was a bloke.

Stompa

zolablue25 wrote: »

My wife has just tried to open an account with the Cambridge over the phone and they said that they can't do it over the phone as "it takes too long".

I just tried to open one by phone too, and was told that they can't be opened over the phone, but they're sending me an application form by post. Having just checked though, it appears that they'll require me to send proof of ID - which I don't have. Does anybody know if they'll do an electronic ID check if you apply in branch?