Regular Savings Accounts: The Best Currently Available List!

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

harz99

Kent Reliance regular saver is now Issue 3 at 3% (from Issue 2).

adindas

harz99 wrote: »

Kent Reliance regular saver is now Issue 3 at 3% (from Issue 2).

I have posted it previous, they will not allow you to have another issue if you already have the previous issue.

schiff

adindas wrote: »

I have posted it previous, they will not allow you to have another issue if you already have the previous issue.

Useful to know though for those of us not yet with Kent Reliance!

soulsaver

Vortigern wrote: »

We, as a couple, have 3 FlexDirect accounts (2 sole, 1 joint). All 3 accounts received £10.38 interest last month. It can be done!

What you can't have is 3 Flexclusive Regular Savers. For those a couple is limited to one sole account each.

ETA: I think some of the posts above this are confusing the FlexDirect current account with the Flexclusive Regular Saver.

No confusion on my part. Doesn't sound like it on theirs. How long have your 3 been open?

Unique Tracking Number: 1444****
Hi Mr Soulsaver,

Thank you for your message. I can certainly help you with your query.
!
Great news Mr Soulsaver, you certainly can benefit from 5% in-credit interest with both a sole and joint FlexDirect.
!
As you have a sole FlexDirect you will need to be the 2nd named account on the joint!FlexDirect. This means that the other account holder will need to apply for the account and add you as the second account holder.
!
They can apply for a FlexDirect by completing an application online, calling our Sales Team on 0800 30 20 10 or by popping into a local branch.
!
I hope this has helped Mr Soulsaver and enjoy the rest of your week.
!
If there is anything else I can help you with Soulsaver, feel free to reply to this message or give our customer service centre a call on 0800302011 or if abroad please call +441793656789.

Many Thanks,

Leon

MyOnlyPost

You can definitely have 3 FlexDirect accounts and get 5% interest on all. I opened my own first, then joint with me as first named and then my wifes. Mine and joint were opened 2 weeks apart and wfies about 3 months later.

Edit: Corrected after YB pointed out my mistake

YorkshireBoy

MyOnlyPost wrote: »

You can definitely have 3 Flexclusive accounts and get 5% interest on all. I opened my own first, then joint with me as first named and then my wifes. Mine and joint were opened 2 weeks apart and wfies about 3 months later.

Flexclusive is the regular saver. FlexDirect is the current account. Which Nationwide product are you talking about?

Vortigern

soulsaver wrote: »

No confusion on my part. Doesn't sound like it on theirs. How long have your 3 been open?

Seven months for the sole accounts, six months for the joint.

If this is prohibited by their T&Cs, I'll wait for them to take some action.

There does seem to be some confusion around account names affecting other posters on here.

MyOnlyPost

YorkshireBoy wrote: »

Flexclusive is the regular saver. FlexDirect is the current account. Which Nationwide product are you talking about?

Always get my N'wide flexes mixed up

Brain storm on my part I meant FlexDirect