Regular Savings Accounts: The Best Currently Available List!

Nick_C

flaneurs_lobster said:

subjecttocontract said:

Are you sure you've been a member of YBS for at least 1 year ?
I will be posting my application to YBS with a cheque on Thursday cos that's my 1 year membership date. It will be interesting to see how long it takes.

It's not having been a member for a year per se that decides eligibility, it's having had a savings (or mortgage) account open for "at least 12 continuous and consecutive months prior to the date of application". 

Same thing.  If you have had an account with them for 12 months, then you have been a member for 12 months, and vv.

Not sure why you are trying to muddy the waters. 

And it doesn't have to have been the same account. 

PRAISETHESUN

subjecttocontract said:

flaneurs_lobster said:

subjecttocontract said:

Are you sure you've been a member of YBS for at least 1 year ?
I will be posting my application to YBS with a cheque on Thursday cos that's my 1 year membership date. It will be interesting to see how long it takes.

It's not having been a member for a year per se that decides eligibility, it's having had a savings (or mortgage) account open for "at least 12 continuous and consecutive months prior to the date of application". 

I didn't think you could be a member of the YBS without a savings or mortgage product.
Is there a difference ?

An extreme example but you could have had multiple overlapping accounts, each less than 12 months in term, but this would provide continuous membership of the society without necessarily meeting a requirement to hold a single account for 12 months.

In practice, YBS seem to err in the favour of the customer, so you'll probably find 12 months continuous membership sufficient.

flaneurs_lobster

subjecttocontract said:

flaneurs_lobster said:

subjecttocontract said:

Are you sure you've been a member of YBS for at least 1 year ?
I will be posting my application to YBS with a cheque on Thursday cos that's my 1 year membership date. It will be interesting to see how long it takes.

It's not having been a member for a year per se that decides eligibility, it's having had a savings (or mortgage) account open for "at least 12 continuous and consecutive months prior to the date of application". 

I didn't think you could be a member of the YBS without a savings or mortgage product.
Is there a difference ?

Nick_C said:

flaneurs_lobster said:

subjecttocontract said:

Are you sure you've been a member of YBS for at least 1 year ?
I will be posting my application to YBS with a cheque on Thursday cos that's my 1 year membership date. It will be interesting to see how long it takes.

It's not having been a member for a year per se that decides eligibility, it's having had a savings (or mortgage) account open for "at least 12 continuous and consecutive months prior to the date of application". 

Same thing.  If you have had an account with them for 12 months, then you have been a member for 12 months, and vv.

Not sure why you are trying to muddy the waters. 

And it doesn't have to have been the same account. 

If (say) the only product held with YBS was a 1 year account that matured 6 months ago which was replaced the same day with another account still exult then you would have been a member for more than a year but would not qualify for the RS under discussion here. The T&Cs make no mention of Membership.

This was my opinion, not found to be true in actual successful applications. 

Nick_C

YBS.  The T&Cs do not say it has to be one account open for 12 months.  It is open to interpretation.  And YBS interpret the rule generously.

I opened the Loyalty ISA in March 23, and the Loyalty RS last week.  Two different branches.  On each occasion, I did not have an account that had been open for a year, but I have been a member continuously for 16 years.

Your opinion is inaccurate and unhelpful, as it could put people off from applying.

Nick_C

subjecttocontract said:

flaneurs_lobster said:

subjecttocontract said:

Are you sure you've been a member of YBS for at least 1 year ?
I will be posting my application to YBS with a cheque on Thursday cos that's my 1 year membership date. It will be interesting to see how long it takes.

It's not having been a member for a year per se that decides eligibility, it's having had a savings (or mortgage) account open for "at least 12 continuous and consecutive months prior to the date of application". 

I didn't think you could be a member of the YBS without a savings or mortgage product.
Is there a difference ?

You are correct.  There is no difference. 

If you close all your accounts your membership terminates. 

If you open a new account and close your old one on the same day, you membership continues. 

dcs34

Email from Coventry BS today:

From 18 September, we’ve increased the variable interest rate on your Regular Saver (5) by 0.45% to 5.50% AER*/gross p.a.

subjecttocontract

Thanks I'm sure it's useful for someone.
It's hardly record breaking given there are so many accounts available paying more.

flaneurs_lobster

Nick_C said:

YBS.  The T&Cs do not say it has to be one account open for 12 months.  It is open to interpretation.  And YBS interpret the rule generously.

I opened the Loyalty ISA in March 23, and the Loyalty RS last week.  Two different branches.  On each occasion, I did not have an account that had been open for a year, but I have been a member continuously for 16 years.

Your opinion is inaccurate and unhelpful, as it could put people off from applying.

Since YBS choose to interpret their own T&Cs in this fashion and it is to the Member's advantage, I would not wish to discourage anyone from applying and will annotate my opinion-giving post accordingly.

trickydicky14

I get so excited when I see 20 unread comments on the regular savings thread, I think someone has launched a new 8% saver. Then I check the thread only to find 20 comments discussing the minutiae of the T&C’s of some   Mediocre account or how to make an extra two quid over the next year, it’s so disappointing.

subjecttocontract

trickydicky14 said:

I get so excited when I see 20 unread comments on the regular savings thread, I think someone has launched a new 8% saver. Then I check the thread only to find 20 comments discussing the minutiae of the T&C’s of some   Mediocre account or how to make an extra two quid over the next year, it’s so disappointing.

But it's not all about you is it ?