Regular Savings Accounts: The Best Currently Available List!

happybagger

If it's variable, if the account rate falls by more than 0.25% more than base rate falls, don't they have to give you 30 days notice and allow you to exit without penalty?

subjecttocontract

What's the criteria for qualifying for the loyalty reg saver ?

Middle_of_the_Road

subjecttocontract said:

What's the criteria for qualifying for the loyalty reg saver ?

Held or been linked to a savings or mortgage account with Coventry Building Society, ITL or Godiva, continuously since the 1st of January 2022 or earlier.

flaneurs_lobster

subjecttocontract said:

What's the criteria for qualifying for the loyalty reg saver ?

Have had an account open since 01 Jan 22.

allegro120

happybagger said:

If it's variable, if the account rate falls by more than 0.25% more than base rate falls, don't they have to give you 30 days notice and allow you to exit without penalty?

At least 14 days' notice and 30 days' window to close the account.  No penalty.

allegro120

subjecttocontract said:

What's the criteria for qualifying for the loyalty reg saver ?

We'll have to see when the product is released, but usually it is 1 year of continuous membership.

flaneurs_lobster

allegro120 said:

subjecttocontract said:

What's the criteria for qualifying for the loyalty reg saver ?

We'll have to see when the product is released, but usually it is 1 year of continuous membership.

From email received yesterday Coming soon We're rewarding loyalty again - keep a look out on our website during next week for the launch of our Loyalty Regular Saver*, which is our fourth and final loyalty product of the year.

*To be able to open this account, you'll need to have held or been linked to a savings or mortgage account with Coventry Building Society, ITL or Godiva continuously since 01 January 2022 or earlier.

Middle_of_the_Road

allegro120 said:

subjecttocontract said:

What's the criteria for qualifying for the loyalty reg saver ?

We'll have to see when the product is released, but usually it is 1 year of continuous membership.

The terms were stated in the member newsletter e-mail. Sorry don't know how to upload the screenshot.

Held or been linked to a savings or mortgage account with Coventry Building Society, ITL or Godiva, continuously since the 1st of January 2022 or earlier.

Bridlington1

Bobblehat said:

Bridlington1 said:

I've just spoken to Coventry BS.
Their new loyalty rate regular saver will pay 7% variable
£250 max monthly deposit
Withdrawals/early closure subject to 30 day interest penalty

Sounds good ..... did you happen to ask if you could run this one and still run the 5.5% RS as well?

You can have both. Also some further details to add in addition to my original post:
The account will be launched on Tuesday 28/11/23.
The account runs on an account month basis so if you opened it on 28/11/23 and deposited the maximum amount, you couldn't deposit further funds until 28/12/23 so no 13th payment is possible on this occasion. I have now added these details to my original post.

OneUser1

Bridlington1 said:

Bobblehat said:

Bridlington1 said:

I've just spoken to Coventry BS.
Their new loyalty rate regular saver will pay 7% variable
£250 max monthly deposit
Withdrawals/early closure subject to 30 day interest penalty

Sounds good ..... did you happen to ask if you could run this one and still run the 5.5% RS as well?

You can have both. Also some further details to add in addition to my original post:
The account will be launched on Tuesday 28/11/23.
The account runs on an account month basis so if you opened it on 28/11/23 and deposited the maximum amount, you couldn't deposit further funds until 28/12/23 so no 13th payment is possible on this occasion. I have now added these details to my original post.

Speaking as someone who likes to worry, that’s a worry. Open the account 28/11 and then set up a standing order for 28/12? Right at the end of December with weekends and Bank Holidays on the way! Not ideal timing. 

Option to wait until 1/12 to open the account but then could it be withdrawn? The recent Monmouthshire 7% went pretty quick as I recall.