Regular Savings Accounts: The Best Currently Available List!

glider3560

liamcov wrote: »

A question - the Nationwide Flexclusive, if opened on 3rd, do all payments have to be on 3rd or can I do on 1st when most of my others go in?

Any day of the month, so 1st is fine.

YorkshireBoy

liamcov wrote: »

A question - the Nationwide Flexclusive, if opened on 3rd, do all payments have to be on 3rd or can I do on 1st when most of my others go in?

You can actually pay in on every day of the month if you want!

schiff

YorkshireBoy wrote: »

You can actually pay in on every day of the month if you want!

Now that really would be drip feeding

liamcov

glider3560 wrote: »

News on the Saffron 3.50% fixed for a year (issue 3) acount:

Previously this was "members only" to apply by post, i.e. you had to be a customer with >£100 for a year.

Then it changed to "existing customers" but they rejected my application citing I was not a member (even though the website didn't state this was needed).

Now they've added small print: "To qualify as an existing customer to open this account, you need to have held a savings or mortgage account with the Society for at least six months."

So it appears the conditions have changed. You can open an online savings account then hope they still have a decent regular savings product in six months time.

Does anyone think this is a good idea as they do seem to have decent rates all the time? After the period, are all the accounts available to open via post or just in branch?

glider3560

liamcov wrote: »

Does anyone think this is a good idea as they do seem to have decent rates all the time? After the period, are all the accounts available to open via post or just in branch?

I'm happy to gamble £100 at 0.70% in their e-Saver for six months in order to (hopefully) get a decent regular saver. I was prepared to do this for a year, but now they've lowered the waiting period.

liamcov

Another thing - is it possible to have Lloyds Club Reg + Lloyds normal Reg and Hal Reg + BOS Reg accounts at the same time?

Looking to max out these 2% regulars seeing as i've got money sitting at 1.5% in Santander now.

Chickabee

Surely M&S are discriminating against existing current a/c holders if they only offer the monthly saver to customers who have arranged or agree to arrange a current a/c switch? What about us existing customers who have had a current a/c opened for years that wasn't switched in?
If you used M&S current as your main current account and they declined you the monthly saver I'd be highly annoyed

adindas

liamcov wrote: »

Another thing - is it possible to have Lloyds Club Reg + Lloyds normal Reg and Hal Reg + BOS Reg accounts at the same time?

Yes. I have all of them

liamcov wrote: »

Looking to max out these 2% regulars seeing as i've got money sitting at 1.5% in Santander now.

1.5% Interest rate with £5 is no more attractive, especially if you just have low balance there. After you drain all of your money to RSA downgrade your account to Santander 123.
You could still get cashback but just with £1 fee.

Ashen

Chickabee wrote: »

Surely M&S are discriminating against existing current a/c holders if they only offer the monthly saver to customers who have arranged or agree to arrange a current a/c switch? What about us existing customers who have had a current a/c opened for years that wasn't switched in?
If you used M&S current as your main current account and they declined you the monthly saver I'd be highly annoyed

Aside from the fact discrimination isn't really the appropriate word (they can make any business decision they like except on the basis of protected characteristics), there isn't anything to stop an existing customer going through the same hassle to qualify as everyone else - i.e. going through the switching process on another account.

I do see your point though - I had to go through that exact hassle myself to qualify on my existing M&S current account, and it did seem ridiculous, but they must have decided on it for business reasons. It's not discrimination though.

Special_Saver2

Hi Everybody,

Here is this weekend's update.

- Santander 123 account in post 9 (feeder account section) updated to reflect interest is paid with no minimum balance (previously was with a minimum balance of £3,000)

- Saffron BS 12 Month Fixed Rate Regular Saver (Issue 3) account in post 4 updated to show that you need to have had a savings account or mortgage with them for 6 months or longer before you can open this account

I will do another update next weekend.

SS2

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For those new to this thread, the first few posts are constantly updated and are here: http://forums.moneysavingexpert.com/...=608697&page=1