Regular Savings Accounts: The Best Currently Available List!

mgarl10024

B_G_B wrote: »

Limited to one "Regular eSaver” per customer.

Full details page.
http://www.santander.co.uk/uk/savings/regular-esaver

I suspect you're right. It's a bit ambiguous though. The key facts document says "Maximum one account per customer in sole name only" - but these are different issues. I'm sure I've read on here about people having different issues of the same account simultaneously, but only one of each issue.

As I said, I suspect you're right.

mgarl10024

mgarl10024 wrote: »

As I said, I suspect you're right.

Chappy on the phone just confirmed it.

Lolly88

bristolleedsfan wrote: »

https://forums.moneysavingexpert.com/discussion/comment/71082823#Comment_71082823

That thread is about the current account not the regular esaver.

Thanks for the heads up interest ted.

The number of regular saver accounts where i can drip feed my money into is dwindling. If first direct and M&S reduce their rates too I don't know what I'll do.

adindas

badger09 wrote: »

Luckily, I got in early last month, thanks to the heads up from bristolleedsfan:T

I got one two weeks ago.
Anyway it is just for one year. After one year they might not allow people to open a new one via post ...

Those who missed the boat consider. It stills allow opening by post
Leeds BS Regular Saver (Issue 3)

IMHO this one is even better as there is not any maturity date. So you could top up every month. After 2+ years (say) you will be be having a saving of £6,000+earning interest of 3% and you could keep topping it up until you need to withdraw it.

You could use 1 penalty-free withdrawal per account year as an exit strategy when you need the money...

[Deleted User]

adindas wrote: »

I got one two weeks ago.
Anyway it is just for one year. After one year they might not allow people to open a new one via post ...

Those who missed the boat consider. It stills allow opening by post
Leeds BS Regular Saver (Issue 3)

IMHO this one is even better as there is not any maturity date. So you could top up every month. After 2+ years (say) you will be be having a saving of £6,000+earning interest of 3% and you could keep topping it up until you need to withdraw it.

You could use 1 penalty-free withdrawal per account year as an exit strategy when you need to money...

Note, though, that the Leeds BS account is not a fixed rate but variable. I dont think the current 3% rate will continue after the base rate drops on Thursday (as predicted). Better to open the Cambridge BS regular saver issue 4 which is 3% fixed for a year (but it will probably be pulled late this week)

Kazza242

I can confirm that holders of the Santander Regular eSaver (issue 1) can apply for the Regular eSaver (issue 2). They are completely separate accounts.

I am an existing Regular eSaver (issue 1) customer and I successfully applied for issue 2 this evening. The account is now open.

They are actually listed as 'Regular eSaver (issue 1)' and 'Regular eSaver (issue 2)' on online banking.

The terms and conditions refers to "Maximum one account per customer in sole name only" but this only applies to the specific issue you are opening.

hgt

Was issue 1 of the Santander regular eSaver fixed at 5% for a year? I seem to think it was fixed, but I'm not so sure now - I'm not at home to check my docs. The new issue 2 appears to be a variable rate.

YorkshireBoy

hgt wrote: »

Was issue 1 of the Santander regular eSaver fixed at 5% for a year? I seem to think it was fixed, but I'm not so sure now - I'm not at home to check my docs. The new issue 2 appears to be a variable rate.

Short answer: No, it's variable.

Long answer: Short answer above may be confirmed by checking their website for rates for existing customers...

http://www.santander.co.uk/info/interest-rate-finder

mgarl10024

Kazza242 wrote: »

I can confirm that holders of the Santander Regular eSaver (issue 1) can apply for the Regular eSaver (issue 2). They are completely separate accounts.

I am an existing Regular eSaver (issue 1) customer and I successfully applied for issue 2 this evening. The account is now open.

They are actually listed as 'Regular eSaver (issue 1)' and 'Regular eSaver (issue 2)' on online banking.

The terms and conditions refers to "Maximum one account per customer in sole name only" but this only applies to the specific issue you are opening.

And yet that was exactly what I was told that you couldn't do! *sigh*

TraySelect

I've just rung Santander to open a Regular Saver 'issue 2' (although I can't find any account of that name on the website).
I already have one Santander Regular esaver at 5% variable, started March 2016.
Santander said I could only hold one Regular Saver of any sort at any one time.
I queried this twice, was referred upwards, and Santander's answer was unambiguously the same each time.