Regular Savings Accounts: The Best Currently Available List!

FriendlyFoe

Kernel_Sanders wrote: »

But so is the BoS, Shirley?

So I have done it the other way. Halifax Current, Halifax Regular Saver and BoS Monthly Saver. You can view all accounts from your Halifax internet banking. (Or If you have A BoS current account the same thing applies).

When applying for an account in a brand for the first time just make sure all your personal details (nationality, address and phone numbers etc.) match exactly as your existing brand product.

Speculator

interest_Ted wrote: »

Chorley have published a list of accounts that will have a rate increase of 0.25% from 01 Dec 2017. The list includes the (withdrawn) 12 month regular saver bond, but glaringly omits the current festive fund regular saver :mad: . They claim the reason is that it has only recently been launched and remains attractive in the marketplace !!!

To see the list click on 'news' on their website, then click on the links in the last paragraph after 'follow the links'. If the links are hard to see, (depends on your PC), click on 'summary' and on 'frequently'.

Ted

The Festive Fund Regular saver appears to have been withdrawn today, so it looks like it's now a closed issue.

It was still on their website yesterday. see Festive Fund Reg

Strange that they said the reason it will not get a rate increase because it "remains attractive" and withdraw it the next day.

Probably their excuse not to increase the rate because it will not look good if they have two similar closed issue regular savers with one getting a rate increase and one not.

steve65e

schiff wrote: »

Didn't work like that for me today. That's not what happens, I was told! It seems to fail on the grounds that the store accounts don't have 'a dedicated account'. (Though perhaps I could have 'nominated' an account in today's visit with the benefit of hindsight. I got the terms mixed up.)

December 1st being a Friday and as I'm mad busy on a Saturday, I'll just go the store on the Friday and expect to be able to set it up on that visit. Fortunately I'm one of the lucky ones with a store not far away.

I went into a store today but was not allowed to leave maturity instructions or my passbook. I was told I had to go back after the 1st Dec, or do it by phoning head office (sounds unlikely). Fortunately I was able to open issue 7 and have a much needed cup of tea, so not a totally wasted journey.

I wonder what the story will be when I phone tomorrow?

Kernel_Sanders

badger09 wrote: »

Er no. The BoS Monthly Saver is instant access.

But it's still fixed term, so your post made little sense. Isn't it fixed interest for the term as well?

steve65e

Further to my comment above, and thanks to Daniel at Virgin head office.

https://uk.virginmoney.com/virgin/downloads/transaction_slips.pdf

Print this off, fill it in and post, using prepaid envelope if you have one.
Tick 'to close' and put transfer date 2nd Dec.
You will get a free faster payment of the maturity balance to your chosen account!

badger09

badger09 wrote: »

Er no. The BoS Monthly Saver is instant access.

And don't call me............

Kernel_Sanders wrote: »

But it's still fixed term, so your post made little sense. Isn't it fixed interest for the term as well?

I'm struggling to understand why you think my post made little sense:cool:

The fact that both accounts have a fixed interest rate for the duration of the account, is irrelevant.

Fixed term relates to the conditions for withdrawal.

The BoS Monthly Saver is instant access, which, by definition, means it is not a fixed term account.

steve65e

badger09 wrote: »

Fixed term relates to the conditions for withdrawal.

The BoS Monthly Saver is instant access, which, by definition, means it is not a fixed term account.

https://www.bankofscotland.co.uk/savings/accounts/

You had better inform Bank of Scotland then, because they seem to think that it is fixed term.

Frogletina

steve65e wrote: »

https://www.bankofscotland.co.uk/savings/accounts/

You had better inform Bank of Scotland then, because they seem to think that it is fixed term.

That link shows this account to be fixed term and instant access. You can have unlimited withdrawals on this account.

Kernel_Sanders

If it's like the TSB then it's also fixed term in the sense that you cannot open a new one until the term is up, even if you've withdrawn all the money.

steve65e

Kernel_Sanders wrote: »

If it's like the TSB then it's also fixed term in the sense that you cannot open a new one until the term is up, even if you've withdrawn all the money.

TSB, BoS, Lloyds and ClubLloyds RS all work like that. But curiously, Halifax is different. There seems to be no restriction on opening another if you've closed it early.