Regular Savings Accounts: The Best Currently Available List!

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:

castle96

"Patience is a virtue."

It is indeed. 2 x RS and 1 x ISA now showing. Time to get funding them

ctdctd

I have SM'ed them asking when I can next fund RS - 1st June or 22nd.
Will update thread when they reply.

karlie88

Whether you can or can't open multiple RSs - the fact of the matter is that 3 people now (myself included) have been told over the phone that multiple regular savers are allowed. The online system also allows it.

Maybe the telephone advisers are wrong or maybe it's the T&Cs that are wrong - I'm (fairly) confident that I know which ones are correct.

Where's the MSE user (ceredigion?) who essentially tells us to keep schtum about these kind of things...

Speculator

Nationwide8 wrote: »

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

This is crazy but I phoned and they said there is no limit on the number of regular savers you can open. Also the number of regular ISAs that you can opened is only limited by the 20,000 limit.

Zanderman

badger09 wrote: »

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:

It's definitely in these T&Cs (under the heading "How much you can save"). Which ones have you been reading?

https://www.fordmoney.co.uk/content/dam/fmny/uk/documents/Regular-Saver-Product-Terms.pdf

Edited to add - make sure you're reading the full T&C doc, not the Summary doc!

Nationwide8

Speculator wrote: »

This is crazy but I phoned and they said there is no limit on the number of regular savers you can open. Also the number of regular ISAs that you can opened is only limited by the 20,000 limit.

Sorry but did they say ALL at 4% ???
Someone needs to REALLY clarify because if true it's crazy..

It's not me btw already have SM s on the go...

Speculator

Nationwide8 wrote: »

Sorry but did they say ALL at 4% ???
Someone needs to REALLY clarify because if true it's crazy..

It's not me btw already have SM s on the go...

Just spoke to them again. They've confirmed, all accounts will earn 4%!!

isasmurf

Speculator wrote: »

This is crazy but I phoned and they said there is no limit on the number of regular savers you can open. Also the number of regular ISAs that you can opened is only limited by the 20,000 limit.

Except that isn't the limiting factor. As Ford offer flexible ISAs, your entire previous years ISA holdings could be transferred to the cash ISA and slowly transferred over the 12 months to multiple RS ISAs without affecting this year's allowance