Regular Savings Accounts: The Best Currently Available List!

Nebulous2

Nebulous2 said:

Speculator said:

francoghezzi said:

Speculator said:

My FD regular matured last Saturday and today is the 5th working day after maturity and I still can't open a new regular saver.

How long do you normally need to wait before the system lets you open a new regular saver?

Go in chat and ask them to manually transfer the money. Mine matured yesterday and tonight I asked them to trasfer money and interests to my Fd account and they did it immediately. I opened a new RS also. 
It's the first lesson I had when I moved to the UK in 2008: "If you don't ask you don't get"
And, apparently, it is true 🙂

transferred the money already on Sunday so has a zero balance.

Just checked again and my regular saver has just changed to a "savings account" so should be okay to open a new regular saver. Had to wait the full 5 working days. 

I'm exactly the same. The RS just sat there and despite me asking them to remove the money it was still showing as an RS until now.

I think maturing on a non-working day didn't help. 

I've just applied for a new one and may have to wait 3 days for it to open. 

New one opened already - so it didn't take 3 days. 7% is worth the faff, though it would be better if we didn't need it. I'm not really using the account, other than pumping £300 in every month, so I can't really complain. 

Bazzalona13295

Bigwheels1111 said:

I call FD every year on maturity date and ask for the cash to be put in my account.
Takes 2 minutes or 2 hours to appear.
I then get put through to account closure team.
They close the account, that takes the time.
As soon as is closed I open a new RS.
As above that takes 1-3 days now, used to be instant if done online.

When you say call, you mean actually speak to somebody?

Bigwheels1111

Bazzalona13295 said:

Bigwheels1111 said:

I call FD every year on maturity date and ask for the cash to be put in my account.
Takes 2 minutes or 2 hours to appear.
I then get put through to account closure team.
They close the account, that takes the time.
As soon as is closed I open a new RS.
As above that takes 1-3 days now, used to be instant if done online.

When you say call, you mean actually speak to somebody?

The beauty of FD you get a real person.

Bazzalona13295

Bigwheels1111 said:

Bazzalona13295 said:

Bigwheels1111 said:

I call FD every year on maturity date and ask for the cash to be put in my account.
Takes 2 minutes or 2 hours to appear.
I then get put through to account closure team.
They close the account, that takes the time.
As soon as is closed I open a new RS.
As above that takes 1-3 days now, used to be instant if done online.

When you say call, you mean actually speak to somebody?

The beauty of FD you get a real person.

Ah right. 3 months to go with mine but I'll remember that, thanks.

adindas

I just consolidate my RSA, and I found out that actually Coventry First Home Saver is a very good Easy access RSA.

- Unlimited withdrawal

- You could add £1000 monthly

-  It pays 5.60% for 36 months (variable). But because it is unlimited withdrawal, easy access if you find a better alternative, just withdraw it to a minimum balance.

Have I missed something here ?? is there any better alternative out there for easy access ?? How easy it is to withdraw your money for the balance of £10k+?

Any opinion suggestion will be very much appreciated.

chris_the_bee

adindas said:

I just consolidate my RSA, and I found out that actually Coventry First Home Saver is a very good Easy access RSA.

- Unlimited withdrawal

- You could add £1000 monthly

-  It pays 5.60% for 36 months (variable). But because it is unlimited withdrawal, easy access if you find a better alternative, just withdraw it to a minimum balance.

Have I miss something here ?? is there any better alternative out there for easy access ?? How easy it is to withdraws your money for the balance of £10k+?

Any opinion suggestion will be very much appreciated.

This is Issue 1 @ 5.6% which is NLA.
Issue 2 is 5.05%.

adindas

chris_the_bee said:

adindas said:

I just consolidate my RSA, and I found out that actually Coventry First Home Saver is a very good Easy access RSA.

- Unlimited withdrawal

- You could add £1000 monthly

-  It pays 5.60% for 36 months (variable). But because it is unlimited withdrawal, easy access if you find a better alternative, just withdraw it to a minimum balance.

Have I miss something here ?? is there any better alternative out there for easy access ?? How easy it is to withdraws your money for the balance of £10k+?

Any opinion suggestion will be very much appreciated.

This is Issue 1 @ 5.6% which is NLA.
Issue 2 is 5.05%.

That is correct. The one I have is Issue 1. When I opened it in Dec 2022, The interest was just 2.95%.

pecunianonolet

chris_the_bee said:

adindas said:

I just consolidate my RSA, and I found out that actually Coventry First Home Saver is a very good Easy access RSA.

- Unlimited withdrawal

- You could add £1000 monthly

-  It pays 5.60% for 36 months (variable). But because it is unlimited withdrawal, easy access if you find a better alternative, just withdraw it to a minimum balance.

Have I miss something here ?? is there any better alternative out there for easy access ?? How easy it is to withdraws your money for the balance of £10k+?

Any opinion suggestion will be very much appreciated.

This is Issue 1 @ 5.6% which is NLA.
Issue 2 is 5.05%.

The key problem is that after I have filled all the 8, 7 and 6% reg savers there are no funds left really to fill it up more. Also way past my £500 PSA so all that's left goes into my partners ISA as mine is already full. My FHS 1 is paying interest mid of Dec. Luckily from that date interest counts against next year, which by the looks of it is also already more or less maxed out what concerns PSA. I know, it's a privilege to have that sort of problem.

On paper still one of the best Coventry accounts they launched and they upped the rate quite a few times as well. Since it is a BS I think it will also be one of the last receiving a cut, if even. They already used a sharp sword to cut the ISA's into a very unattractive territory. 

chris_the_bee

adindas said:

chris_the_bee said:

adindas said:

I just consolidate my RSA, and I found out that actually Coventry First Home Saver is a very good Easy access RSA.

- Unlimited withdrawal

- You could add £1000 monthly

-  It pays 5.60% for 36 months (variable). But because it is unlimited withdrawal, easy access if you find a better alternative, just withdraw it to a minimum balance.

Have I miss something here ?? is there any better alternative out there for easy access ?? How easy it is to withdraws your money for the balance of £10k+?

Any opinion suggestion will be very much appreciated.

This is Issue 1 @ 5.6% which is NLA.
Issue 2 is 5.05%.

That is correct. The one I have is Issue 1. When I opened it in Dec 2022, The interest was just 2.95%.

adindas said:

chris_the_bee said:

adindas said:

I just consolidate my RSA, and I found out that actually Coventry First Home Saver is a very good Easy access RSA.

- Unlimited withdrawal

- You could add £1000 monthly

-  It pays 5.60% for 36 months (variable). But because it is unlimited withdrawal, easy access if you find a better alternative, just withdraw it to a minimum balance.

Have I miss something here ?? is there any better alternative out there for easy access ?? How easy it is to withdraws your money for the balance of £10k+?

Any opinion suggestion will be very much appreciated.

This is Issue 1 @ 5.6% which is NLA.
Issue 2 is 5.05%.

That is correct. The one I have is Issue 1. When I opened it in Dec 2022, The interest was just 2.95%.

Mine was May 2021 @ 0.85%!

trickydicky14

chris_the_bee said:

adindas said:

chris_the_bee said:

adindas said:

I just consolidate my RSA, and I found out that actually Coventry First Home Saver is a very good Easy access RSA.

- Unlimited withdrawal

- You could add £1000 monthly

-  It pays 5.60% for 36 months (variable). But because it is unlimited withdrawal, easy access if you find a better alternative, just withdraw it to a minimum balance.

Have I miss something here ?? is there any better alternative out there for easy access ?? How easy it is to withdraws your money for the balance of £10k+?

Any opinion suggestion will be very much appreciated.

This is Issue 1 @ 5.6% which is NLA.
Issue 2 is 5.05%.

That is correct. The one I have is Issue 1. When I opened it in Dec 2022, The interest was just 2.95%.

adindas said:

chris_the_bee said:

adindas said:

I just consolidate my RSA, and I found out that actually Coventry First Home Saver is a very good Easy access RSA.

- Unlimited withdrawal

- You could add £1000 monthly

-  It pays 5.60% for 36 months (variable). But because it is unlimited withdrawal, easy access if you find a better alternative, just withdraw it to a minimum balance.

Have I miss something here ?? is there any better alternative out there for easy access ?? How easy it is to withdraws your money for the balance of £10k+?

Any opinion suggestion will be very much appreciated.

This is Issue 1 @ 5.6% which is NLA.
Issue 2 is 5.05%.

That is correct. The one I have is Issue 1. When I opened it in Dec 2022, The interest was just 2.95%.

Mine was May 2021 @ 0.85%!

It a good easy access account just now but being variable and looking at other accounts it could very easy start to drop. But for the time being I'm happy to put my left over cash in to it.