Regular Savings Accounts: The Best Currently Available List!

Mee

EachPenny wrote: »

I wasn't going to respond to your post yesterday because I felt it wouldn't add value. But in light of your edit and apology I would just like to say that it wasn't me who reported you, and no apology was required. As much as I found some of your side comments like "...another universe, another planet..." unhelpful, I wasn't offended to the point of reporting it.

You should also have no concerns about expressing views counter to mine. Things we say on here are usually a matter of opinion or preference, unless it relates to technical details of accounts. We are all entitled to our views, so long as they are accurate or appropriately qualified.

I said in post #6417 that personally I favour the Tesco account because "it is truly instant access". That is an opinion, which I feel is relevant where the account is used as a feeder to Regular Savers.

For example, if Virgin launched a new RS this afternoon it could be opened and funded from a Tesco IS account within minutes. If the same money was in Ford Money account, since the 2pm deadline has now passed the funds wouldn't be available to transfer into the new Virgin RS until some time on Tuesday, possibly not until close of business. To me that is far from being 'instant' access. Even though the interest loss is marginal.


So I would stand by my opinion that personally I favour the Tesco account because "it is truly instant access" - and the slightly higher interest rate is also currently a factor.

But that, and also nothing I've said, was intended to be a criticism of they way you prefer to do things or your personal choices. All I sought to do was to clarify why your experience of the Tesco IS account was that you couldn't do same day payments, and offer advice if appropriate.


I hope that has cleared things up and we can go back to looking out for the best regular saver accounts

Thank you. I think we were talking at cross purposes all the long.

Mee

Deleted_User wrote: »

I agree. This thread is about Regular Savers. The clue is in the title. Have a thought for Special Saver 2 who provides a weekly update and has to plough through all these irrelevant posts in the search for the pearl of a new shiny market-leading RS.

I have deleted two of my posts to assist you.

bristolleedsfan

Mee wrote: »

I have deleted two of my posts to assist you.

Was there a limit to the number posts not related to "regular savings accounts" you were able to delete. :laugh:

pafpcg

bristolleedsfan wrote: »

Was there a limit to the number posts not related to "regular savings accounts" you were able to delete. :laugh:

If one user deletes all their own posts then posts by others in reply can become meaningless.

The solution is either much greater self-discipline by users in staying on-topic or much greater intervention by the moderators to move off-topic posts to other threads. Experience on other forums leads me to conclude that only the latter option is viable.

[Moderators: feel free to delete this off-topic post when appropriate.]

flergalwit

OK I have a question about regular savers. This limit of 6 that's being talked about - may I clarify that this is *not* a limit on the number of regular savers one is allowed to have? It's hard for me to follow this thread; I've tried backtracking but I still cannot deduce what the limit of 6 refers to. So can I just check it isn't regular savers? I certainly hope not - I have 10 of the things open currently and was planning to open more soon.

[Deleted User]

flergalwit wrote: »

OK I have a question about regular savers. This limit of 6 that's being talked about - may I clarify that this is *not* a limit on the number of regular savers one is allowed to have? It's hard for me to follow this thread; I've tried backtracking but I still cannot deduce what the limit of 6 refers to. So can I just check it isn't regular savers? I certainly hope not - I have 10 of the things open currently and was planning to open more soon.

I've got about 27 Regular Savers currently open. There is no limit to how many RS's you can have. However usually the bank or institution will have a rule that you can only have one of their RS's open at a time. Sometimes you can have more than one RS open at the same time with the same institution but only one of each issue (eg I have issues 3,4 and 5 of Leeds BS, but I can't have any later issue, that's 6,7 or 8 at the moment, along with Issue 5; once Issue 5 matures I will be able to open the Issue then current, assuming there is one),

trix-a-belle

flergalwit wrote: »

OK I have a question about regular savers. This limit of 6 that's being talked about - may I clarify that this is *not* a limit on the number of regular savers one is allowed to have? It's hard for me to follow this thread; I've tried backtracking but I still cannot deduce what the limit of 6 refers to. So can I just check it isn't regular savers? I certainly hope not - I have 10 of the things open currently and was planning to open more soon.

the 6 limit is in relation to tesco internet saver accounts only

karlie88

Received a letter today from Leeds BS with regards to my reg saver issue 3 which is due to be closed soon.

You can submit maturity/closing instructions online and, surprisingly, you can ask them to transfer the money across to a nominated bank account. There's no fee to do this. Other options include sending a cheque, transferring across to another Leeds BS account etc.

Link: https://www.leedsbuildingsociety.co.uk/savings/maturity/forms/

No need to visit the branch or send something via snail mail. We're making process, let's hope other BSs follow...

Neil_Jones

flergalwit wrote: »

OK I have a question about regular savers. This limit of 6 that's being talked about - may I clarify that this is *not* a limit on the number of regular savers one is allowed to have? It's hard for me to follow this thread; I've tried backtracking but I still cannot deduce what the limit of 6 refers to. So can I just check it isn't regular savers? I certainly hope not - I have 10 of the things open currently and was planning to open more soon.

You can have as many regular savers as you like subject to T&Cs of the banks providing them. Virgin for example let you have one of each of their regular savers branch and online which had you snapped them all up would probably be, what, 15 by now?

I dare say a more practical limit is the amount of money you have available in order to feed these things and pay everything else you pay for in your life, though due to the way these work it goes you'd get all that feeding money back anyway with a bit extra on top.

gilly56

@karlie88

I got same letter from the Leeds BS today. That is a very handy link they give you in the letter which takes you to a special page to advise them of your closing instructions etc.