Regular Savings Accounts: The Best Currently Available List!

veryintrigued

EachPenny wrote: »

If you like taking a little bit of risk in life, try opening a second account in your name and see what happens...

Stop this - You've been advised of the T&Cs earlier in this thread.

Just because a system allows you to open two (or more accounts) still makes it in breach of the T&C.

Santander, NW and plenty of others systems have allowed products to be opened whilst their T&Cs have stated they cannot be opened in conjunction with each other.

These institutions do read these forums and hence why forumites have subsequently had these closed down.

Will you be around and offering such wonderful advice should people who take up your suggestion have ALL their accounts closed?

Thought not...

castle96

Have tried from the home/info page, and while inside online banking, (ie to open further RSs). While I get a string of 9 digit ref. Nos, a further account does not show up as opened.

veryintrigued

keyboardworrier wrote: »

what's the worst that can happen!

They could close all your accounts as you've downloaded and agreed to the T&Cs which you're in breach of.

Nationwide8

Hal17 wrote: »

Hi ya, what made you think you could open 2 RS accounts?

Have opened a RS for myself and the wife - all easy and confirmed.

We really are in 2 minds whether to open the ISA account. It will only allow a max of £3K out of a potential £20K, what if someone offers a good ISA account where you could put your £20K allowance. You will be stuck so not sure what to do? Any thoughts anyone?

So you get interest of £65 from the Ford Reg Saver ISA
If you could find an IS A at 2%ish that would accept straight off £3000 for a year then that would be similar
But if you are drip feeding the £250 from say a Santander 1-2-3 acc monthly into Ford Reg ISA you're earning £84 interest a year....so you'd have to find a 3%ish ISA to accept £3000 in one go

( I think !!! )

Chances of even a 2% ISA coming out within 12 mth s ??? Probably zero

ThriftyFelicity

FYI... I was told this morning on the phone by a customer service rep at Ford Money that I could open "as many regular savers as you like", but that I was restricted to one regular saver ISA. A few minutes later, I received a call back from them saying that they were mistaken, I could open as many regular saver ISA's as I liked as well, provided I did not contribute more than £20,000 to them this tax year.

karlie88

castle96 wrote: »

Have tried from the home/info page, and while inside online banking, (ie to open further RSs). While I get a string of 9 digit ref. Nos, a further account does not show up as opened.

Patience is a virtue.

Nationwide8

Thanks for replies ...Hmmm have sent them a SM to clarify if you can pay in by acc no rather than ref no..

Nationwide8

ThriftyFelicity wrote: »

FYI... I was told this morning on the phone by a customer service rep at Ford Money that I could open "as many regular savers as you like", but that I was restricted to one regular saver ISA. A few minutes later, I received a call back from them saying that they were mistaken, I could open as many regular saver ISA's as I liked as well, provided I did not contribute more than £20,000 to them this tax year.

ALL at 4 % ?????? Or one Reg ISA at 4% and any others at their lower rate

keyboardworrier

ThriftyFelicity wrote: »

FYI... I was told this morning on the phone by a customer service rep at Ford Money that I could open "as many regular savers as you like", but that I was restricted to one regular saver ISA. A few minutes later, I received a call back from them saying that they were mistaken, I could open as many regular saver ISA's as I liked as well, provided I did not contribute more than £20,000 to them this tax year.

If this is correct then we may not be in breach of anything...

badger09

Steve_xx wrote: »

The terms mention "anniversary month". Therefore I guess you will have to wait until 23 June before you can make the second deposit; assuming that your first deposit goes in today.

Zanderman wrote: »

The T&C do say

which, I think, means they use the date to define the month. In which case no you can't add another £250 until the same date next month.

Edit - I see I was slow off the mark - already answered above!

Well

I know my eyesight isn't as good as it used to be, but where in the T&Cs does it mention 'anniversary month' in terms of funding the accounts?

I've downloaded the T&Cs from the website for both the RS & RS ISA this morning, and I can't see any mention of anniversary month in the relevant paragraphs:cool: