Regular Savings Accounts: The Best Currently Available List!

djpailo

My partner opened up the 6% M&S account yesterday by phone. :P

GazHol

My M&S RS matures today and has already disappeared from online accounts, what a pain!:mad:

Ed-1

Would they honour the rate for online applications received up to midnight today as they won't open the account until tomorrow at the earliest?

Westie983

GazHol wrote: »

My M&S RS matures today and has already disappeared from online accounts, what a pain!:mad:

Once its disappeared open a new one straight away, I did this on the 21st when mine matured.

Westie983

Ed-1 wrote: »

Would they honour the rate for online applications received up to midnight today as they won't open the account until tomorrow at the earliest?

Regular saver accounts opened via online banking opens in seconds and the standing order is set up and transfer in is done as part of the opening transaction.

B_G_B

Ed-1 wrote: »

Would they honour the rate for online applications received up to midnight today as they won't open the account until tomorrow at the earliest?

M&S site shows regular saver account at 5% already.

mgarl10024

Just for info: I contacted Virgin about their regular saver as I wasn't sure about one of the terms. Response was as I'd expected. Posting it here in case it is useful to others.

Reading the account literature, I note that annual interest is paid on the 11th March.

Is there another interest payment (for the period 11th March -> 20th October) when the account matures on the 20th October?

I confirm interest is paid on 11th March. Once your account matures, interest will be paid upon closure/transfer.

Ed-1

Westie983 wrote: »

Regular saver accounts opened via online banking opens in seconds and the standing order is set up and transfer in is done as part of the opening transaction.

B_G_B wrote: »

M&S site shows regular saver account at 5% already.

Sorry - I should have clarified that I was talking about the HSBC one. Westie983 is correct for the First Direct one (it opens instantly), the HSBC one doesn't open instantly; and B_G_B is correct about the M&S one (that it dropped yesterday). (You can't apply for the M&S one online.)

I've answered my own question about the HSBC one - took the plunge and applied for one yesterday (I have a Graduate account so would get the 4% one). It was opened today so I rang them up to check the rate I was getting and the guy I spoke to didn't even know it had dropped today (he said it'd be good if they'd send something out to the staff!). But he checked and I'm getting 4% (the rate it was at when I applied).

Ian011

badger09 wrote: »

I kept getting error message about a technical fault, told to try again later or phone an 0845 number. Eventually phoned, to find the phone number had changed over a year ago and that the 'technical error' was because Santander do not allow SOs to be started on a non working day :cool:

FCA regulations effective 26 October 2015 require banks, card companies and insurers to use 'basic rate' telephone numbers starting 01, 02, 03 or 080 for contact by existing customers.

Almost all firms have complied, but most have failed to properly update websites, apps, document templates, email templates and various paperwork. Be sure to complain to the FCA.

GazHol

Westie983 wrote: »

Once its disappeared open a new one straight away, I did this on the 21st when mine matured.

Tried this, message told me I already had a RS.