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Regular Savings Accounts: The Best Currently Available List!

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  • 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

    EDIT:
    Also 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.
    Application link now appears to be live. I would wait until it is officially launched before applying but the link confirms the Ts&Cs:
    https://secure.coventrybuildingsociety.co.uk/savings-and-investments/productfeatures.aspx?prodCode=LRS&CTALinks=False

    Application page not live yet, but I'll be saving it until the 1st.


    Page not found

    Oops, we're sorry - we can't find the page you're looking for.

  • 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

    EDIT:
    Also 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.
    Application link now appears to be live. I would wait until it is officially launched before applying but the link confirms the Ts&Cs:
    https://secure.coventrybuildingsociety.co.uk/savings-and-investments/productfeatures.aspx?prodCode=LRS&CTALinks=False

    Application page not live yet, but I'll be saving it until the 1st.


    Page not found

    Oops, we're sorry - we can't find the page you're looking for.

    I've found it only works if logged into online banking. If logged out it comes up with an error message but when logged in it gives me the option to download a pdf of the account specific Ts&Cs, general Ts&Cs etc.

    I've not proceeded any further than that though as it hasn't been officially launched yet and I'm not eligible for the account anyway.
  • BlackthornU
    BlackthornU Posts: 52 Forumite
    Second Anniversary 10 Posts Name Dropper
    edited 27 November 2023 at 9:24PM
    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

    EDIT:
    Also 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.
    Application link now appears to be live. I would wait until it is officially launched before applying but the link confirms the Ts&Cs:
    https://secure.coventrybuildingsociety.co.uk/savings-and-investments/productfeatures.aspx?prodCode=LRS&CTALinks=False

    Application page not live yet, but I'll be saving it until the 1st.


    Page not found

    Oops, we're sorry - we can't find the page you're looking for.

    I've found it only works if logged into online banking. If logged out it comes up with an error message but when logged in it gives me the option to download a pdf of the account specific Ts&Cs, general Ts&Cs etc.

    I've not proceeded any further than that though as it hasn't been officially launched yet and I'm not eligible for the account anyway.
    I logged into Coventry and then clicked on the link and have opened the account. Payee details matched (my name) when paying from my bank so system seems live.
    This condition is a pain though - I had hoped to open end of Nov and add another payment in on 1st December

    How to put money into your account
    - Each month you can pay in as many times as you like, up to a maximum of £250. If you have a joint account the maximum is still £250. Your deposit month starts on the day you opened the account. For example, if you opened the account on 15 December you'd have from 15 December to 14 January to pay in your first month's allowance. Your second month would start on 15 January

    Also - I have had a welcome to your new account email from them as well
  • All signed up and first payment made, with Standing Order set up. 😎
  • surreysaver
    surreysaver Posts: 4,814 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    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

    EDIT:
    Also 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.
    Application link now appears to be live. I would wait until it is officially launched before applying but the link confirms the Ts&Cs:
    https://secure.coventrybuildingsociety.co.uk/savings-and-investments/productfeatures.aspx?prodCode=LRS&CTALinks=False

    Application page not live yet, but I'll be saving it until the 1st.


    Page not found

    Oops, we're sorry - we can't find the page you're looking for.

    I've found it only works if logged into online banking. If logged out it comes up with an error message but when logged in it gives me the option to download a pdf of the account specific Ts&Cs, general Ts&Cs etc.

    I've not proceeded any further than that though as it hasn't been officially launched yet and I'm not eligible for the account anyway.
    I logged into Coventry and then clicked on the link and have opened the account. Payee details matched (my name) when paying from my bank so system seems live.
    This condition is a pain though - I had hoped to open end of Nov and add another payment in on 1st December

    How to put money into your account
    - Each month you can pay in as many times as you like, up to a maximum of £250. If you have a joint account the maximum is still £250. Your deposit month starts on the day you opened the account. For example, if you opened the account on 15 December you'd have from 15 December to 14 January to pay in your first month's allowance. Your second month would start on 15 January

    Also - I have had a welcome to your new account email from them as well
    Its how the Coventry works, same as HSBC / First Direct
    I consider myself to be a male feminist. Is that allowed?
  • I personally would have liked the 1st of the month to be an option as the other 5 reg savers I have go out on the 1st.
    Still 7% is not to bad.
  • 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

    EDIT:
    Also 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.
    Application link now appears to be live. I would wait until it is officially launched before applying but the link confirms the Ts&Cs:
    https://secure.coventrybuildingsociety.co.uk/savings-and-investments/productfeatures.aspx?prodCode=LRS&CTALinks=False

    Application page not live yet, but I'll be saving it until the 1st.


    Page not found

    Oops, we're sorry - we can't find the page you're looking for.

    I've found it only works if logged into online banking. If logged out it comes up with an error message but when logged in it gives me the option to download a pdf of the account specific Ts&Cs, general Ts&Cs etc.

    I've not proceeded any further than that though as it hasn't been officially launched yet and I'm not eligible for the account anyway.
    I logged into Coventry and then clicked on the link and have opened the account. Payee details matched (my name) when paying from my bank so system seems live.
    This condition is a pain though - I had hoped to open end of Nov and add another payment in on 1st December

    How to put money into your account
    - Each month you can pay in as many times as you like, up to a maximum of £250. If you have a joint account the maximum is still £250. Your deposit month starts on the day you opened the account. For example, if you opened the account on 15 December you'd have from 15 December to 14 January to pay in your first month's allowance. Your second month would start on 15 January

    Also - I have had a welcome to your new account email from them as well
    Its how the Coventry works, same as HSBC / First Direct
    Unfortunately they're not that consistent. Unlike their standard regular saver, their First home saver 2, runs from the first of the month.
  • allegro120
    allegro120 Posts: 1,872 Forumite
    1,000 Posts Second Anniversary Name Dropper
    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

    EDIT:
    Also 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.
    Application link now appears to be live. I would wait until it is officially launched before applying but the link confirms the Ts&Cs:
    https://secure.coventrybuildingsociety.co.uk/savings-and-investments/productfeatures.aspx?prodCode=LRS&CTALinks=False

    Application page not live yet, but I'll be saving it until the 1st.


    Page not found

    Oops, we're sorry - we can't find the page you're looking for.

    I've found it only works if logged into online banking. If logged out it comes up with an error message but when logged in it gives me the option to download a pdf of the account specific Ts&Cs, general Ts&Cs etc.

    I've not proceeded any further than that though as it hasn't been officially launched yet and I'm not eligible for the account anyway.
    I logged into Coventry and then clicked on the link and have opened the account. Payee details matched (my name) when paying from my bank so system seems live.
    This condition is a pain though - I had hoped to open end of Nov and add another payment in on 1st December

    How to put money into your account
    - Each month you can pay in as many times as you like, up to a maximum of £250. If you have a joint account the maximum is still £250. Your deposit month starts on the day you opened the account. For example, if you opened the account on 15 December you'd have from 15 December to 14 January to pay in your first month's allowance. Your second month would start on 15 January

    Also - I have had a welcome to your new account email from them as well
    Thanks for heads up. Opened and funded.  I hope it's not too late for money to arrive today.
    No13th payment allowed, but it is still a very good deal.  I don't think we'll be seeing many new RSs at 7%+ rate in near future.
  • When I logged in this account wasn’t offered as available for me to open - I’ve had continuous membership of Coventry for quite a few years now, certainly before January 2022, but with several continuously overlapping accounts rather than one or more enduring accounts that antedate the threshold date. It looks as if I appear not to be eligible for this account. 
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