Regular Savings Accounts: The Best Currently Available List!

Ed-1

mgarl10024 wrote: »

Account will only allow 12 payments and will bounce a 13th, regardless of the timing.

I wouldn't be too sure of that. Last time's Sunshine Saver allowed one payment a month before maturity but that was 18 months. The terms simply state up to £500 per month, not 12 payments (and you can pay in multiple times a month).

veryintrigued wrote: »

Just a piece of advice for future reference after a previous Chorley RS matured. From a post in 2016.

Keeping a few pounds with institutions sometimes pays dividends.

*Little fist pump*

Ditto - I kept £1 in my matured Sunshine Saver from last time round, although last time it was 0.5% higher for members (this time's 0.25% more).

badger09 wrote: »

I found them fine to deal with. Sending a cheque after maturity was rather quaint though;)

They're very good in my experience. When I applied for the 4.5% Sunshine Saver last time around (and I had to be quick off the mark as it was pulled virtually the next day), the account was opened and I'd received the passbook all within a day or two. The maturity cheque also arrived first class the next day.

glider3560

Mee wrote: »

Hi
Has anyone tried opening a Smart Save Monthly (2) before their issue 1 has matured? Not sure if there is a restriction on opening different issues from T&Cs.

The account never technically matures, you can keep paying in. But the bonus is only earnt on money paid in during the current bonus year.

I cannot see any terms preventing someone from holding both issues. This is something I never noticed before, so I may well open Issue 2 now this has been pointed out!

Steve_xx

glider3560 wrote: »

Th

I cannot see any terms preventing someone from holding both issues. This is something I never noticed before, so I may well open Issue 2 now this has been pointed out!

I received an email from Chorley this morning, informing me that you can have one or the other, depending on if you are a member. But you can't have both.

glider3560

Steve_xx wrote: »

I received an email from Chorley this morning, informing me that you can have one or the other, depending on if you are a member. But you can't have both.

The posst I quoted above was referring to a Ipswich BS account, not Chorley BS.

Steve_xx

glider3560 wrote: »

The posst I quoted above was referring to a Ipswich BS account, not Chorley BS.

Ah right, sorry.

schiff

As any discussion in this thread can be about any one of several different offers it's useful to use a heading if the post is in reply to an earlier post a little way back unless it's quite clear of course!

Speculator

Sent off my application to the Chorley today. Hopefully, they will open it in April so I will have £1000 in it by the first week of May.

The rate is variable which is a shame and no withdrawals are allowed. They have in the past reduced the rate of a variable regular in the middle of the term when base rate was unchanged and I was locked in at a lower rate until maturity. At least I managed to reduce the monthly payment amount.

mgarl10024

Speculator wrote: »

Sent off my application to the Chorley today. Hopefully, they will open it in April so I will have £1000 in it by the first week of May.

The rate is variable which is a shame and no withdrawals are allowed. They have in the past reduced the rate of a variable regular in the middle of the term when base rate was unchanged and I was locked in at a lower rate until maturity. At least I managed to reduce the monthly payment amount.

I was concerned about this, but http://www.chorleybs.co.uk/Files/CRS.pdf#zoom=auto says "if we reduce the interest rate we will give you 14 days notification prior to the change and 30 day option from the notification to switch your account." which I took to mean that if you didn't like the new rate you could switch to something that allowed withdrawals.

ctdctd

Very impressed with Chorley.

Sent application Tuesday, got a call Wednesday to check I was who I said I was, passbook arrived today, Thursday!

Speculator

mgarl10024 wrote: »

I was concerned about this, but http://www.chorleybs.co.uk/Files/CRS.pdf#zoom=auto says "if we reduce the interest rate we will give you 14 days notification prior to the change and 30 day option from the notification to switch your account." which I took to mean that if you didn't like the new rate you could switch to something that allowed withdrawals.

My example was from about 17 years ago so I guess new rules/regulation will let you close the a/c or withdraw some money without penalty.