Regular Savings Accounts: The Best Currently Available List!

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

castle96

.......now 3 x RS + 1 x ISA......
If there really is no limit, we'll be on the computer for hours, setting up payments and SOs !

badger09

Zanderman wrote: »

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!

I was reading the full T&C.

However, on rereading, I think I've misinterpreted the 2nd paragraph under 'How much you can save'

I'll get me coat:o