Regular Savings Accounts: The Best Currently Available List!

TraySelect

I tried twice yesterday - before 9am, and after 5pm - to open a Sant Reg Saver Issue 2.
I was refused both times.
I cited the Key Facts for the Reg Saver Issue 2 - these say 'Maximum one account per customer in sole name only',
I put it to Santander that this wording was sloppy and ambiguous: it says 'account', implying an Issue 2, not 'Regular Saver account of any issue'.
Santander disagreed, and refused to open the account.
I doubt the timing of my long, protracted, tedious phone calls with Santander had any bearing on their response.

castle96

Refused in branch and on phone.
"Only 1 x RSA per customer"

ajdj

Although advertised as a variable rate, Nationwide have confirmed that their Flexclusive Regular Saver will remain at 5%.

badger09

ajdj wrote: »

Although advertised as a variable rate, Nationwide have confirmed that their Flexclusive Regular Saver will remain at 5%.

Where have you seen this?

ajdj

badger09 wrote: »

Where have you seen this?

Published on their website.

The majority of our variable rate savings accounts, including variable rate cash ISAs, will be affected by the Bank of England base rate reduction.

Exclusions to this are: Flexclusive Regular Saver, Regular Saver, FlexOne Regular Saver, Help to Buy: ISA, Save to Buy, Save to Buy ISA, Champion Saver & Champion ISA* accounts.

* The interest rate for Champion ISA and Champion Saver will continue to be based on the five highest branch-based rates from eight high-street providers as per the account Terms and Conditions.
This means that each month, we take the average of the five highest branch based rates. You'll receive at least this rate with your Champion ISA or Champion Saver account from the 1st of the following month.

badger09

Thanks ajdj

I didn't think to check the website:doh:

adindas

For the flex direct account few people have confirmed that the system could pick up if you have two of these accountants and therefore you will only one ac with 5% interest.

Has anyone tried to test the system for RSA whether the system could detect if you open two or more RSAs with Nationwide???
Is there anyway where to ask the monthly interest payment instead of annual, so you could detect it earlier and if the interest is not paid you could close it after one month ??

ajdj wrote: »

Published on their website.

The majority of our variable rate savings accounts, including variable rate cash ISAs, will be affected by the Bank of England base rate reduction.

Exclusions to this are: Flexclusive Regular Saver, Regular Saver, FlexOne Regular Saver, Help to Buy: ISA, Save to Buy, Save to Buy ISA, Champion Saver & Champion ISA* accounts.

* The interest rate for Champion ISA and Champion Saver will continue to be based on the five highest branch-based rates from eight high-street providers as per the account Terms and Conditions.
This means that each month, we take the average of the five highest branch based rates. You'll receive at least this rate with your Champion ISA or Champion Saver account from the 1st of the following month.

tomthered

Am i right in understanding that I can have several bank accounts that have good savings rates, put money in each, and to comply with the input of £xx per month, just transfer the relevant sum each month via standing order then transfer that amount out into another account next day?

glider3560

tomthered wrote: »

Am i right in understanding that I can have several bank accounts that have good savings rates, put money in each, and to comply with the input of £xx per month, just transfer the relevant sum each month via standing order then transfer that amount out into another account next day?

Yes. My standing orders transfer in and out on the same day. Just ensure you always keep a credit balance higher than the standing order out, just in case the incoming SO doesn't arrive.

adindas

tomthered wrote: »

Am i right in understanding that I can have several bank accounts that have good savings rates, put money in each, and to comply with the input of £xx per month

Yes

[QUOTE=tomthered;7110517
just transfer the relevant sum each month via standing order then transfer that amount out into another account next day?[/QUOTE]

If you are doing SO and do not have reasonable balance on your ac you will need to provide at least three days (or even four days) slack to cover the worst scenarios e.g weekend, bank holidays, online banking system failure on one of the the banks you are using.