Regular Savings Accounts: The Best Currently Available List!

colsten

surreysaver wrote: »

Many thanks for your response. I wish it was a bit clearer, I wouldn't waste my time otherwise!

It's clear enough to me - says "maximum one account per customer". Versions don't come into it.

http://www.santander.co.uk/uk/savings/regular-esaver

surreysaver

colsten wrote: »

It's clear enough to me - says "maximum one account per customer". Versions don't come into it.

http://www.santander.co.uk/uk/savings/regular-esaver

Still cannot see where it says it. And what is the difference between accounts and versions? Virgin Money allows you to have more than one Regular Savings if they are different issues.

It is not clear. Despite you and EasyPenny telling me, I cannot see where it says it in the terms and conditions, therefore I have been sat here all morning today, and a lot of yesterday, and have not found this clause. Therefore it isn't clear. I have plenty of time on my hands at the moment, with being off sick, so how can they expect busy people to pick these things up if I cannot?

castle96

I went in to the Branch and 'insisted' on another account but they just wouldn't have it. "You can only have one a/c", "you can only have one account"
They wouldn't accept the issue/account arguement.

Yet again, the T&Cs they draft are not 100% conclusive, but open to their interpretation.

surreysaver

I'm perfectly willing to take people's word for it on here, but I have specifically looked for a clause, and I cannot even see one about 1 account. And the fact I can go through to the application process from my Online Banking whilst logged on, and not until I click 'Apply' at the end of the application process it tells me I'm not eligible.

etienneg

Click the link you were given and look at the first bullet point in "How do I open and manage my account?".

Can you find it now?

surreysaver

etienneg wrote: »

Click the link you were given and look at the first bullet point in "How do I open and manage my account?".

Can you find it now?

Yes, thanks. I can see it now!

Like others have said, though, I wouldn't consider an Issue 5 paying 5% to be the same as an Issue 2 paying 3%. Different accounts with different names paying different rates of interest and available at different times.

castle96

I'm sure 'everyone' would agree with you (including me), ...................apart from Santander !

etienneg

Terms and conditions define what is being agreed when a contract is made. They do not create any "entitlement" to make a contract (in this case, to open an account).


Compare it with a credit card account. These are advertised and T&Cs are published. But when someone applies, the bank is not bound to accept the application. They may decide the applicant is a bigger risk than they want, and either decline the application or give less generous terms (such as shorter interest-free period or higher interest rate).


Regular savers don't usually cause such major clashes, but the principle is the same. There is no entitlement to such accounts.

surreysaver

etienneg wrote: »

Terms and conditions define what is being agreed when a contract is made. They do not create any "entitlement" to make a contract (in this case, to open an account).

Which is fair enough, but if they are going to automatically decline a Regular eSaver to everyone who has a previous incarnation of one, then would it not make sense to put that in the terms and conditions?
Like the credit card companies do - they will say they may offer less generous terms.

EachPenny

surreysaver wrote: »

It is not clear. Despite you and EasyPenny telling me...

Hey! I'm not 'easy', I have a very good reputation

etienneg wrote: »

Compare it with a credit card account. These are advertised and T&Cs are published. But when someone applies, the bank is not bound to accept the application. They may decide the applicant is a bigger risk than they want, and either decline the application or give less generous terms (such as shorter interest-free period or higher interest rate).

But once the credit account is opened and the card issued..... :silenced:

If banks took as much care writing savings T&C's as they seem to do with credit card T&C's then we'd all have much easier lives. We might be financially less well off though.