Regular Savings Accounts: The Best Currently Available List!

colsten

garfield33 said:

Deleted_User said:

I had experience of the Triodos fixed regular saver in 2016/17. I got caught out on the notice period (see my above post) which was a novel concept to me in respect of regular savers. Usually a regular saver matures at the maturity date into an instant access account or savings plus interest are paid out at maturity into a nominated account selected by you. With Triodos you have to give 33 days notice prior to maturity in order to withdraw your money at maturity, otherwise the money morphs into a very low paying notice account which you cannot quickly escape from. You don't receive a reminder in advance of maturity to give notice. It is very sneeky and far from fair or ethical.

Hi Hattie625, I'm just looking at the T&Cs of the Triodos Fixed Regular Saver, I'm not sure of something and wondered if you or anyone else knew.
During the 12 months, there is a 33-day notice period, I see that bit.
When it converts to just a Regular Saver, with the lower interest rate, does this mean that 33 day notice period still applies?
Thanks!

As they say on their website, with their Regular Saver, you have a choice between giving 33 or 90 days notice for withdrawals. It seems, however, that you can close your account without notice, and without loss of interest - - - though don't take my word for it, confirm it with them directly.

colsten

Deleted_User said:

liamcov said:

I’ve never heard of them - anyone have experience with them?

I had experience of the Triodos fixed regular saver in 2016/17. I got caught out on the notice period (see my above post) which was a novel concept to me in respect of regular savers. Usually a regular saver matures at the maturity date into an instant access account or savings plus interest are paid out at maturity into a nominated account selected by you. With Triodos you have to give 33 days notice prior to maturity in order to withdraw your money at maturity, otherwise the money morphs into a very low paying notice account which you cannot quickly escape from. You don't receive a reminder in advance of maturity to give notice. It is very sneeky and far from fair or ethical.

'Ethical' banks and Credit Unions - - two organisations who invite people to ride on a compassionate wave, when in reality their customers invariably get rotten deals.

kaMelo

1.25% for a regular saver is terrible really. I guess most people here already have the Marcus account but even if you don't NS&I are offering 1% for an easy access saver. Maxing out the payments would generate around £10 extra over the NS&I without factoring in the notice period.
I'd rather just open another Virgin current account, chuck a grand in there for £20 return.

colsten

kaMelo said:

1.25% for a regular saver is terrible really. I guess most people here already have the Marcus account but even if you don't NS&I are offering 1% for an easy access saver. Maxing out the payments would generate around £10 extra over the NS&I without factoring in the notice period.
I'd rather just open another Virgin current account, chuck a grand in there for £20 return.

A proper 'ethical' fan would never be unethical enough to open another, or even only one, Virgin account (ref Richard Branson, capitalist etc etc), or one of the many other not-dabbed-ethical Regular Savers which pay up to 2.75% 🤣

Wheres_My_Cashback

Deleted_User said:

liamcov said:

I’ve never heard of them - anyone have experience with them?

I had experience of the Triodos fixed regular saver in 2016/17. I got caught out on the notice period (see my above post) which was a novel concept to me in respect of regular savers. Usually a regular saver matures at the maturity date into an instant access account or savings plus interest are paid out at maturity into a nominated account selected by you. With Triodos you have to give 33 days notice prior to maturity in order to withdraw your money at maturity, otherwise the money morphs into a very low paying notice account which you cannot quickly escape from. You don't receive a reminder in advance of maturity to give notice. It is very sneeky and far from fair or ethical.

Very different indeed, but they do make it clear in the summary : Did they not give you the 30 days notice?

Once you have received the fixed rate for one year, the account will automatically

be changed to a 33 days’ notice Triodos Regular Saver. A minimum of 30 calendar

days before this we will write to you to let you know.

colsten

Wheres_My_Cashback said:

Deleted_User said:

liamcov said:

I’ve never heard of them - anyone have experience with them?

I had experience of the Triodos fixed regular saver in 2016/17. I got caught out on the notice period (see my above post) which was a novel concept to me in respect of regular savers. Usually a regular saver matures at the maturity date into an instant access account or savings plus interest are paid out at maturity into a nominated account selected by you. With Triodos you have to give 33 days notice prior to maturity in order to withdraw your money at maturity, otherwise the money morphs into a very low paying notice account which you cannot quickly escape from. You don't receive a reminder in advance of maturity to give notice. It is very sneeky and far from fair or ethical.

Very different indeed, but they do make it clear in the summary : Did they not give you the 30 days notice?

Once you have received the fixed rate for one year, the account will automatically

be changed to a 33 days’ notice Triodos Regular Saver. A minimum of 30 calendar

days before this we will write to you to let you know.

Is this 'ethical' logic: we will tell you 30 days before your account matures that you need to give 33 days notice if you don't want to do with it what we want you to do with it?

Wheres_My_Cashback

colsten said:

Wheres_My_Cashback said:

Deleted_User said:

liamcov said:

I’ve never heard of them - anyone have experience with them?

I had experience of the Triodos fixed regular saver in 2016/17. I got caught out on the notice period (see my above post) which was a novel concept to me in respect of regular savers. Usually a regular saver matures at the maturity date into an instant access account or savings plus interest are paid out at maturity into a nominated account selected by you. With Triodos you have to give 33 days notice prior to maturity in order to withdraw your money at maturity, otherwise the money morphs into a very low paying notice account which you cannot quickly escape from. You don't receive a reminder in advance of maturity to give notice. It is very sneeky and far from fair or ethical.

Very different indeed, but they do make it clear in the summary : Did they not give you the 30 days notice?

Once you have received the fixed rate for one year, the account will automatically

be changed to a 33 days’ notice Triodos Regular Saver. A minimum of 30 calendar

days before this we will write to you to let you know.

Is this 'ethical' logic: we will tell you 30 days before your account matures that you need to give 33 days notice if you don't want to do with it what we want you to do with it?

It does say a minimum of 30 days, in reality it may be a lot longer, however I agree the two should be aligned.

soulsaver

Wheres_My_Cashback said:

colsten said:

Wheres_My_Cashback said:

Deleted_User said:

liamcov said:

I’ve never heard of them - anyone have experience with them?

I had experience of the Triodos fixed regular saver in 2016/17. I got caught out on the notice period (see my above post) which was a novel concept to me in respect of regular savers. Usually a regular saver matures at the maturity date into an instant access account or savings plus interest are paid out at maturity into a nominated account selected by you. With Triodos you have to give 33 days notice prior to maturity in order to withdraw your money at maturity, otherwise the money morphs into a very low paying notice account which you cannot quickly escape from. You don't receive a reminder in advance of maturity to give notice. It is very sneeky and far from fair or ethical.

Very different indeed, but they do make it clear in the summary : Did they not give you the 30 days notice?

Once you have received the fixed rate for one year, the account will automatically

be changed to a 33 days’ notice Triodos Regular Saver. A minimum of 30 calendar

days before this we will write to you to let you know.

Is this 'ethical' logic: we will tell you 30 days before your account matures that you need to give 33 days notice if you don't want to do with it what we want you to do with it?

It does say a minimum of 30 days, in reality it may be a lot longer, however I agree the two should be aligned.

It's a reminder... that they told you at least 335 days ago...

Special_Saver2

Hi Folks,

Here is this weekend's update to this thread.

- Added the Triodos Bank Fixed Regular Saver paying 1.25% fixed on up to £500 per month for a year and note added warning that you need to give 33 days' notice to close the maturity account
- Added a note to the Allied Irish Banks account saying they are not currently opening any savings account according to 10_66 (the account is still on the AIB website without any indication that they are not opening accounts)

I will do the next update next weekend.

SS2

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For those new to this thread, the first few posts are constantly updated and are on the first page
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

liamcov

So how about giving them 33 days notice 34 days before the account matured so it doesn’t get transferred to the other account?