Regular Savings Accounts: The Best Currently Available List!

steve65e

ratechaser wrote: »

Excellent, thank you both. I am lucky in that I'm nowhere near Leeds, but they just happen to have a branch nearby (same deal with the Nottingham).

Missed the Bucks one by the looks of it...

I also have both Leeds issues. Please note that the bonus periods are different.

Issue 3 runs 1 Nov to 31 Oct

Isuue 4 runs 1 Sep to 31 Aug

steve65e

To ss2

Norwich and Peterborough BS Monthly Regular Saver Account

Interest rate: 1.75% gross p.a. variable from 2nd September 2016
Monthly payment: £0-£500
Miss any payments: Yes, you can miss as many as you like
Penalty-free withdrawals: Yes, one per year (based on anniversary of account opening date)
Age of applicant: Not stated
How to open account: Branch only
Special conditions: This account runs for 2 years. Once opened, can be operated by post or electronic payment and "limited facilities are available online via internet banking". Steve65e reports in post 4102 that the N&P BS Monthly Regular Saver account can be opened in Yorkshire BS branches so it is possible that may apply to this account too.

To clarify...

You can open a YBS RS in a YBS branch or by post.

You can only open an N&P RS in an N&P branch, but not by post. If you open an N&P RS it will actually be a YBS account but branded N&P ie they are the same thing.

T t&cs here http://www.nandp.co.uk/PDFs/savings/monthly-regular-saver-account-factsheet
seem to imply that you can't have both of them.

Phew.

adindas

Speculator wrote: »

My Saffron BS 3.5% regular matures 4th Nov but you are allowed early closure without penalty.

Therefore, I will close it next Monday and reopen a new one @ 3.5% in case they withdraw it or lower the interest at the end of this month. I will transfer £200 from the matured balance to the new a/c and pay the remainder into my 123.

Another bonus is that I will have a balance of £400 on 1st Nov.

Shame I can't do the same with my Nationwide Flexclusive Reg.

Great info.
I have not read the T&C yet. Just wonder will you still get the advertised interest of 3.5% when you close it earlier ?? Any info on this will be very much appreciated ...

veryintrigued

Speculator wrote: »

My Saffron BS 3.5% regular matures 4th Nov but you are allowed early closure without penalty.

Therefore, I will close it next Monday and reopen a new one @ 3.5% in case they withdraw it or lower the interest at the end of this month. I will transfer £200 from the matured balance to the new a/c and pay the remainder into my 123.

Hadnt thought of that.

Please let us know how you get on.

GazHol

tg99 wrote: »

That's what I thought so was surprised when she said 6%. She did explicitly read out information about the product which included this stuff re getting 6% not 5% so it didn't sound like it was someone who was making an error / got confused about the details. Didn't get her name but hopefully if any issue will have a call recording or log of who I spoke to in my customer details.

Same happened to me today. I opened my 2nd current account before the RS interest rate change, but my account transfer in didn't complete until after the RS interest rate change.

I was also told today that I would get a letter stating that I would get the 6% RS.

Speculator

adindas wrote: »

Great info.
I have not read the T&C yet. Just wonder will you still get the advertised interest of 3.5% when you close it earlier ?? Any info on this will be very much appreciated ...

You will definitely get the 3.5%. I've also checked with the manageress @ Ware branch and she confirms this.

I done this before @ Saffron with our Regular ISA because I wanted the maturity cheque on a Monday so it clears before the end of the week.

adindas

Speculator wrote: »

You will definitely get the 3.5%. I've also checked with the manageress @ Ware branch and she confirms this.

I done this before @ Saffron with our Regular ISA because I wanted the maturity cheque on a Monday so it clears before the end of the week.

For early closure /cancellation Could you do it by post ?
Would you please inform the forum the interest you get whether conform to what they said to you ?

thanks

Speculator

adindas wrote: »

For early closure /cancellation Could you do it by post ?
Would you please inform the forum the interest you get whether conform to what they said to you ?

thanks

Yes, they said send covering letter with application form to head office.

However, I said I would rather do it in branch because I'm only 10min walk away so she booked me an appointment.

Speculator

I will post interest info next Monday after closure.

ratechaser

Speculator wrote: »

You will definitely get the 3.5%. I've also checked with the manageress @ Ware branch and she confirms this.

I done this before @ Saffron with our Regular ISA because I wanted the maturity cheque on a Monday so it clears before the end of the week.

Can't believe I've missed this one, and with a branch just 15 mins away

So Monday will be a trip to Ware and then onto Stevenage to visit the Leeds... Already paid a visit to St Albans today to check in on the Nottingham...