Regular Savings Accounts: The Best Currently Available List!

surreysaver

francoghezzi said:

surreysaver said:

OneUser1 said:

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Option to wait until 1/12 to open the account but then could it be withdrawn?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.

Its based on an account month, so you'll have until 28th January to make December's payment. Plus the Coventry takes ages to open an account, so the earliest you'll have the account details will probably be 7-10 days after the launch anyway 

7-10 days?? I've been with Coventry for years and always opened any account in a matter of minutes

Think I'm confusing them with the Monmouthshire!

surreysaver

Snapdragon said:

Aidanmc said:

flaneurs_lobster said:

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.

I wonder if its only eligible customers that received the email.

I didn't receive one. I'm not sure if i actually had any accounts with Coventry continuously since Jan 22.

Think that is more likely related to notification settings with Coventry. I've definitely had continuous Coventry accounts since 2020 but didn't receive the email. However I tend to opt out of marketing notifications, perhaps they would be useful after all.

It was in their newsletter, rather than an aimed email, so if you've opted out you wouldn't have seen it 

Kim_13

surreysaver said:

OneUser1 said:

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.

Its based on an account month, so you'll have until 28th January to make December's payment. Plus the Coventry takes ages to open an account, so the earliest you'll have the account details will probably be 7-10 days after the launch anyway 

They’re quicker for existing customers - my Four Access ISA details were emailed to me and a transfer in completed within a few days.

Bridlington1

Kim_13 said:

surreysaver said:

OneUser1 said:

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.

Its based on an account month, so you'll have until 28th January to make December's payment. Plus the Coventry takes ages to open an account, so the earliest you'll have the account details will probably be 7-10 days after the launch anyway 

They’re quicker for existing customers - my Four Access ISA details were emailed to me and a transfer in completed within a few days.

It was quick for me as a new customer too when I applied. I applied for their First Home Saver and Regular Saver 5 online in June 2022 as a new customer. I had both accounts fully funded the same day.

Kim_13

Bridlington1 said:

Kim_13 said:

surreysaver said:

OneUser1 said:

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.

Its based on an account month, so you'll have until 28th January to make December's payment. Plus the Coventry takes ages to open an account, so the earliest you'll have the account details will probably be 7-10 days after the launch anyway 

They’re quicker for existing customers - my Four Access ISA details were emailed to me and a transfer in completed within a few days.

It was quick for me as a new customer too when I applied. I applied for their First Home Saver and Regular Saver 5 online in June 2022 as a new customer. I had both accounts fully funded the same day.

Sounds like they’ve sped up their processes then - I joined them in January 2016 if I recall correctly. 

Bazzalona13295

Aidanmc said:

flaneurs_lobster said:

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.

I wonder if its only eligible customers that received the email.

I didn't receive one. I'm not sure if i actually had any accounts with Coventry continuously since Jan 22.

I've had one account or another with them for over 20 years, I've not heard anything.

Wheres_My_Cashback

Bazzalona13295 said:

Aidanmc said:

flaneurs_lobster said:

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.

I wonder if its only eligible customers that received the email.

I didn't receive one. I'm not sure if i actually had any accounts with Coventry continuously since Jan 22.

I've had one account or another with them for over 20 years, I've not heard anything.

That's irrelevant though, what's important is no breaks between accounts from 01/01/22. I would qualify, but have heard nothing, however I always decline any marketing from all organisations

chris_the_bee

Bazzalona13295 said:

Aidanmc said:

flaneurs_lobster said:

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.

I wonder if its only eligible customers that received the email.

I didn't receive one. I'm not sure if i actually had any accounts with Coventry continuously since Jan 22.

I've had one account or another with them for over 20 years, I've not heard anything.

It wasn't a tailored specific email. It was part of their marketing newsletter. Maybe you declined their offer of receiving marketing material on original sign up?

georged123

francoghezzi said:

surreysaver said:

OneUser1 said:

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.

Its based on an account month, so you'll have until 28th January to make December's payment. Plus the Coventry takes ages to open an account, so the earliest you'll have the account details will probably be 7-10 days after the launch anyway 

7-10 days?? I've been with Coventry for years and always opened any account in a matter of minutes

When I first opened an account with them it took nearly 10 days.

allegro120

Bridlington1 said:

OneUser1 said:

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.

28/12/23 is a Thursday and not a bank holiday to my knowledge so if I'm not mistaken SOs should still go out on 28/12/23. The other option is to forgo the SO and just make your deposits manually.

There are four 28th falling on weekends during the term. In case of SO this will result in five days loss of interest on £250. Not a great loss - 24p in my calculation.
As yourself, I prefer manual RS distribution.  Don't loose pennies that add up if you have a large collection of RSs, and it's not difficult to diarise (most of them are allowed to do on the 1st) and depositing is very quick on the app.