Regular Savings Accounts: The Best Currently Available List!

Bigwheels1111

ForumUser7 said:

pokemaster said:

Gatehouse Bank Regular Saver 7% (paid at maturity)

£300 Max Per Month pay in

Source: Money Facts

gt94sss2 said:

pokemaster said:

Gatehouse Bank Regular Saver 7% (paid at maturity)

£300 Max Per Month pay in

Source: Money Facts

https://www.gatehousebank.com/personal/savings/regular-saver/our-regular-saver-account

Thanks both.

If I open this account, it’d be my first one with a Sharia bank

Anything to be aware of with this, or gatehouse in general? Seen they were issued a fine by the FCA for poor anti money laundering checks https://www.fca.org.uk/news/press-releases/fca-fines-gatehouse-bank-1.5m-poor-anti-money-laundering-checks

So have most banks,
https://www.skillcast.com/blog/20-biggest-fca-fines

Gatehouse are great, have a 5 year fixed with them and easy access.
Prompt payouts ie fixed rate due 21st November arrives 21st November.
Will now have a reg saver as soon as pc boots.

wmb194

The HSBC regular saver that I hadn't been making deposits to matured yesterday and the money was available for withdrawal this morning: interest has been paid in full with no penalty.

Bridlington1

pokemaster said:

Gatehouse Bank Regular Saver 7% (paid at maturity)

£300 Max Per Month pay in

Source: Money Facts

Worth noting that although the rate is variable, no withdrawals/closure are allowed until the end of the term, unless the rate is reduced. 

trickydicky14

Bridlington1 said:

pokemaster said:

Gatehouse Bank Regular Saver 7% (paid at maturity)

£300 Max Per Month pay in

Source: Money Facts

Worth noting that although the rate is variable, no withdrawals/closure are allowed until the end of the term, unless the rate is reduced. 

I see you can carry over payments and miss payments plus min pay in is a £1 so I think it's worth a punt.

Bridlington1

trickydicky14 said:

Bridlington1 said:

pokemaster said:

Gatehouse Bank Regular Saver 7% (paid at maturity)

£300 Max Per Month pay in

Source: Money Facts

Worth noting that although the rate is variable, no withdrawals/closure are allowed until the end of the term, unless the rate is reduced. 

I see you can carry over payments and miss payments plus min pay in is a £1 so I think it's worth a punt.

You can't carry over payments from previous months. From the terms:

I'd agree though that with a £1 minimum deposit and the ability to skip months it is worth opening, though £1 is all they're getting from me for the next few months at least due to my circumstances.

flaneurs_lobster

Bridlington1 said:

trickydicky14 said:

Bridlington1 said:

pokemaster said:

Gatehouse Bank Regular Saver 7% (paid at maturity)

£300 Max Per Month pay in

Source: Money Facts

Worth noting that although the rate is variable, no withdrawals/closure are allowed until the end of the term, unless the rate is reduced. 

I see you can carry over payments and miss payments plus min pay in is a £1 so I think it's worth a punt.

You can't carry over payments from previous months. From the terms:

I'd agree though that with a £1 minimum deposit and the ability to skip months it is worth opening, though £1 is all they're getting from me for the next few months at least due to my circumstances.

Will it be possible to open and fund before end of November? 

Bigwheels1111

Just spoke to Gatehouse.

I will not be opening this until Friday the 1th December. As 25th cut off has been missed.

Their notes say the same, 25th cut off for the month.

Its been raised up the chain.

But its up to you to decide if you want the agro that might be caused by this and loss of interest for near on a month.

My suggestion was you should have opend this 2 day later.

Hattie627

flaneurs_lobster said:

Bridlington1 said:

trickydicky14 said:

Bridlington1 said:

pokemaster said:

Gatehouse Bank Regular Saver 7% (paid at maturity)

£300 Max Per Month pay in

Source: Money Facts

Worth noting that although the rate is variable, no withdrawals/closure are allowed until the end of the term, unless the rate is reduced. 

I see you can carry over payments and miss payments plus min pay in is a £1 so I think it's worth a punt.

You can't carry over payments from previous months. From the terms:

I'd agree though that with a £1 minimum deposit and the ability to skip months it is worth opening, though £1 is all they're getting from me for the next few months at least due to my circumstances.

Will it be possible to open and fund before end of November? 

I have opened and funded with £300 today. Standing Order set up for next payment on Friday (1st Dec)

trickydicky14

Bridlington1 said:

trickydicky14 said:

Bridlington1 said:

pokemaster said:

Gatehouse Bank Regular Saver 7% (paid at maturity)

£300 Max Per Month pay in

Source: Money Facts

Worth noting that although the rate is variable, no withdrawals/closure are allowed until the end of the term, unless the rate is reduced. 

I see you can carry over payments and miss payments plus min pay in is a £1 so I think it's worth a punt.

You can't carry over payments from previous months. From the terms:

I'd agree though that with a £1 minimum deposit and the ability to skip months it is worth opening, though £1 is all they're getting from me for the next few months at least due to my circumstances.

Not sure how I came up with the carry over idea! must have just miss read it. As you say, still worth opening.

fabsaver

Bigwheels1111 said:

Just spoke to Gatehouse.

I will not be opening this until Friday the 1th December. As 25th cut off has been missed.

Their notes say the same, 25th cut off for the month.

Its been raised up the chain.

But its up to you to decide if you want the agro that might be caused by this and loss of interest for near on a month.

My suggestion was you should have opend this 2 day later.

That clause is just to ensure standing orders are processed in time in February, to allow for weekends or any additional bank holidays. Other banks specify something similar but you can still pay into their accounts after that date.

A faster payment sent today or tomorrow should reach the account this month. I opened mine this morning and that's what I plan to do.