Regular Savings Accounts: The Best Currently Available List!

george4064

I currently have a Nationwide FlexDirect and a Flex Regular Saver account, my 12 months is nearly up for the FlexDirect account so I'm looking to move that money elsewhere.

I have read the Ts & Cs for the Flex RS and it says:

Flexclusive Regular Saver is for individuals aged 18 or over who meet one of the following three criteria:
- Hold a FlexOne account and be aged 18 or over, or hold a FlexAccount and have:
> Been paying in £750+ a month for the last 3 months (excluding transfers from any Nationwide account held by you or anyone else); or
> Completed an account switch to us (from a non-Nationwide account) using our Current Account Switch Team in the last 4 months; or
- Hold a FlexStudent account and have paid in £1,500 in at least 2 transactions in the last 12 months; or
- Hold a FlexDirect or FlexPlus account.

Am I okay to move my FlexDirect money elsewhere, and leave £1 in the account to keep it open to satisfy the requirement for the Flex RS?

TIA

YorkshireBoy

george4064 wrote: »

Am I okay to move my FlexDirect money elsewhere, and leave £1 in the account to keep it open to satisfy the requirement for the Flex RS?

Yes, because you would still "hold a FlexDirect or FlexPlus account".

TheShape

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.

I hadn't noticed the Saffron Regular Saver. I've got an online account with them that I haven't checked on in years (will do so this week).

Would I be better off putting an application in the post on Monday (24th)? or going into branch on Saturday 29th?

adindas

TheShape wrote: »

I hadn't noticed the Saffron Regular Saver. I've got an online account with them that I haven't checked on in years (will do so this week).

Would I be better off putting an application in the post on Monday (24th)? or going into branch on Saturday 29th?

You are missing one of the market Leading RSA. They have been offering one of the best monthly saver as well as ISA regular saver.

To process by post it will normally take more than a week. So it is probably better to go in person given that the full economic cost of doing that is very tiny.

Careful_ly

Would I be better off putting an application in the post on Monday (24th)? or going into branch on Saturday 29th.




I would go for the post option, or at least ring them before your visit, many new accounts can not be opened in person without an appointment, even for existing customers.

adindas

Careful_ly wrote: »

.... ring them before your visit, many new accounts can not be opened in person without an appointment, even for existing customers.

Indeed it is essential to ring them in advance to arrange appointment to open the saving account.

the advantage of doing it directly in branch is that you will get your account open together with your pass book on the same day of your visit. Of course it is only justifiable if the cost of doing that permitted (tiny),

Speculator

Just closed my Saffron BS Regular Saver account today (12 days before maturity) and reopened a new one with £200.

details.

Date opened: 4/11/15

£200 pm paid first working day of each month.

Interest received on 24/10/2016 £43.58

glider3560

Does anyone have any experience of how long it takes to open a Saffron BS account in branch?

I work about 10 miles from Saffron Walden, so would like to head over there in my lunch break and need to know how much parking to pay for.

gocat

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.

I opened a RS with M&S today and was told will get the 6% interest. I opened the M&S current account 24th September 2016, which I guess was before the rate drop was announced.

Speculator

glider3560 wrote: »

Does anyone have any experience of how long it takes to open a Saffron BS account in branch?

I work about 10 miles from Saffron Walden, so would like to head over there in my lunch break and need to know how much parking to pay for.

You will need to make an appointment. Takes about 15 mins assuming the person opening your account is punctual.

To save time, download and complete the application form before your visit.