Regular Savings Accounts: The Best Currently Available List!

hgt

Deleted_User wrote: »

I already have RS Issue 3. Can I open this one as well?

Well I can't find anything to say you can't. I also have issue 3 and it just let me apply for issue 4 online without any problems. So will have to wait and see if they accept my application form and bank my cheque!

[Deleted User]

hgt wrote: »

Well I can't find anything to say you can't. I also have issue 3 and it just let me apply for issue 4 online without any problems. So will have to wait and see if they accept my application form and bank my cheque!

I've just applied online and my application has been accepted. They know that I have Issue 3. Fingers crossed that they don't return my form and cheque saying that there was a mistake.

teddysmum

adindas wrote: »

I have not checked the T&C. Do they allow people who already have issue 3 to open Issue 4 ?? Someone knows the answer ??

They do,so call them and ask.

johnmoney05

The Leeds BS Regular Saver Issue 4

Maximum operating balance £6,000 (excluding accrued interest). If the balance exceeds £6,000 (excluding accrued interest) the interest rate that shall apply to the whole balance will be 0.50% Gross‡p.a/AER† (variable).

Need to bear in mind, it is different from the Issue 3 which is:-

The minimum monthly payment is £50 and the maximum monthly payment is £250 (£250 for joint accounts
also). The minimum investment and operating balance is £50. The maximum investment and operating
balance is £1,000,000 (£1,000,000 for joint accounts). In the event that the balance falls below the minimum
operating balance, the basic investment rate of interest, which is currently 0.05% Gross § p.a./AER†
(variable) shall apply.

schiff

bristolleedsfan wrote: »

http://www.leedsbuildingsociety.co.uk/savings/access-accounts/regularsaver/

A couple of extra points about this account:

The £6000 limit is excluding accrued interest (which must be credited to the account) so maximum deposits and no withdrawals means it will last for two years.

The deposit monthly requirement is calendar monthly so it's advisable to make your standing order dated on the first, whether you started it today or later.

Wheres_My_Cashback

Leeds RS4 - Anyone know if you can make a deposit immediately upon opening as the site seems to suggest the first deposit must be made by cheque.

schiff

Wheres_My_Cashback wrote: »

Leeds RS4 - Anyone know if you can make a deposit immediately upon opening as the site seems to suggest the first deposit must be made by cheque.

I paid cash in a branch.

Which earns interest from today

Incidentally you can't check or operate this account online, phone calls or branch visits is the way to go. You get a passbook which can only be updated in a branch. I was told.

hgt

schiff wrote: »

I paid cash in a branch.

Which earns interest from today

Incidentally you can't check or operate this account online, phone calls or branch visits is the way to go. You get a passbook which can only be updated in a branch. I was told.

If you apply for the account online, then they create an online user ID for you and you can indeed check the account online (check balance / statements only). So while this is still a passbook operated account, there is limited online functionality (issue 3 could be viewed online also). I presume if you open the account in branch, you could register for an online user ID at a later date.

I have a passbook for issue 3, but don't use it, it's just kept safe for when I need to close the account or make a withdrawal.

veryintrigued

adindas wrote: »

Could we fund the first payment by Faster payment or it has got to be cheque, does anyone who already have online banking with i3 pay the 1st payment by Faster payment ??

Thanks

At the end of the application it states that the new accounts first payment has to be funded by cheque.

Maybe you missed this instruction?

hgt

Yes, even though the new issue 4 account shows instantly online, it does state that the opening payment must be by cheque - they will need a signed copy of the application form through the post anyway.

I suppose the only exception to this would be if you were to open the account in branch.