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Regular Savings Accounts: The Best Currently Available List!

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Comments

  • adindas
    adindas Posts: 6,856 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 4 August 2016 at 10:01AM
    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...
  • 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
    Kazza242 Posts: 2,199 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    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.
    Please call me 'Kazza'.
  • hgt
    hgt Posts: 341 Forumite
    Part of the Furniture 100 Posts
    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
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    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
    mgarl10024 Posts: 643 Forumite
    Tenth Anniversary Combo Breaker
    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
    TraySelect Posts: 99 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    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.
  • Dagobert
    Dagobert Posts: 1,625 Forumite
    Norwich and Peterborough BS Monthly Regular Saver Account can only be opened in branch (no longer via the phone).
    Dagobert
  • adindas
    adindas Posts: 6,856 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 3 August 2016 at 4:21PM
    Any other success story opening the second Santander Monthly Saver ???

    I just tried a few minutes ago, we can not apply online. Either in branch or on the phone. Is there any documentation clearly show (no ambiguity) that we can have another regular saver of different issue. I think this could be used to challenge them when they reject to open it using their own documentation. ....
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Seventh Anniversary 500 Posts Name Dropper
    edited 3 August 2016 at 4:09PM
    Has anyone else tried to open the new Santander Regular eSaver (Issue 2) while still holding the original issue?

    Post#4093 from Kazza242 states that s/he has done it; posts #4096 and #4097 say they have been refused.

    Edited to add: it seems almost certain that base rate will fall tomorrow, so I'm trying to place as much cash as possible earning 3% plus. A second Santander Reg eSaver earning 3% would be useful when Sanrander 123 falls to 2%.
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